5Y Capital

5Y Capital, formerly known as Morningside Venture Capital, stands as a preeminent venture capital firm deeply rooted in China's innovation ecosystem. The firm underwent its rebranding in 2020, yet it carries forward a rich legacy of over two decades in identifying and nurturing groundbreaking companies. Headquartered in Xuhui, China, 5Y Capital primarily focuses its investment activities within the dynamic Chinese market, targeting disruptive businesses poised for significant growth. Its strategic emphasis lies in early to growth-stage investments across pivotal sectors, including technology, media, and telecommunications (TMT), healthcare, and consumer industries.

The firm's investment philosophy is characterized by a proactive approach to identifying visionary entrepreneurs and providing substantial capital alongside strategic guidance. 5Y Capital has a storied history of being an early backer of some of China's most influential technology giants. Notably, its portfolio includes early investments in companies like ByteDance, the parent company of TikTok, and Kuaishou, both of which have achieved massive scale and global recognition. This track record underscores 5Y Capital's acumen in spotting transformative businesses at their nascent stages.

5Y Capital has consistently demonstrated its fundraising prowess, securing significant capital commitments from limited partners globally. This financial strength enables the firm to make substantial investments and support its portfolio companies through various growth phases. For instance, the firm successfully closed its USD Fund VII at an impressive $1.5 billion in 2021, a testament to investor confidence. This followed previous successful closes, such as the Morningside China TMT Fund VI, which secured $700 million in 2019. With an extensive portfolio encompassing over 300 investments, 5Y Capital remains a highly active and influential player in the Asian venture capital landscape, committed to fostering innovation and driving value creation.