MiraclePlus

MiraclePlus is a prominent early-stage venture capital firm and accelerator based in Beijing, China, widely recognized as the successor to Y Combinator China. Founded in 2019 by Dr. Lu Qi, a highly respected figure in the global technology industry and former COO of Baidu and EVP at Microsoft, MiraclePlus quickly established itself as a pivotal force in the Chinese startup ecosystem. The firm's inception followed Y Combinator's strategic decision to scale back its direct operations in China, with Dr. Lu Qi taking the helm to continue fostering innovation with a localized approach. MiraclePlus leverages a model similar to its predecessor, focusing on intensive acceleration programs designed to support founders through mentorship, strategic guidance, and access to a robust network.

The core of MiraclePlus's investment strategy revolves around its accelerator batches, where it typically provides seed funding to promising early-stage startups. For accepted companies, the standard initial investment is approximately $150,000 USD in exchange for a fixed equity stake, often cited as 7%. This standardized deal structure allows MiraclePlus to efficiently onboard and support a large number of ventures across diverse sectors, including artificial intelligence, enterprise software, biotechnology, and advanced manufacturing. The program emphasizes product-market fit, rapid iteration, and fundraising preparation, culminating in a Demo Day where startups present to a wide array of investors.

Since its establishment, MiraclePlus has played a significant role in nurturing a new generation of Chinese tech companies. As of 2023, the accelerator has supported over 200 startups, contributing substantially to the vibrant and competitive Chinese venture landscape. Its rigorous selection process and hands-on approach have attracted ambitious founders seeking to scale their innovations. The firm's commitment extends beyond initial funding, offering ongoing support and leveraging its extensive network of mentors, industry experts, and follow-on investors to help portfolio companies achieve sustainable growth and secure subsequent funding rounds. MiraclePlus remains a key player for early-stage founders in China looking for a structured path to accelerate their development.