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Puhua Capital

Asia, Zhejiang, China, Hangzhou

Description

Puhua Capital, established in 2004 and headquartered in Hangzhou, China, is a prominent equity investment firm specializing in early and growth-stage projects. The firm has built a strong reputation for its strategic investments across a diverse range of high-growth sectors. With a comprehensive investment strategy, Puhua Capital aims to identify and support innovative companies that demonstrate significant potential for market disruption and long-term value creation.

Puhua Capital's investment mandate spans key industries including TMT (Technology, Media, Telecom), healthcare, advanced manufacturing, new consumption, new energy, and environmental protection. This broad yet focused approach allows the firm to capitalize on emerging trends and technological advancements within the Chinese market. The scale of Puhua Capital's operations is substantial, managing over RMB 20 billion (approximately $3 billion USD) across various funds. This considerable capital base enables the firm to deploy significant resources into its portfolio companies, supporting their development from nascent stages through to maturity.

The firm's extensive portfolio boasts over 300 companies, reflecting its active engagement in the venture capital landscape. Puhua Capital is not merely a financial investor; it emphasizes providing strategic guidance and post-investment support to help its portfolio companies navigate market challenges and accelerate growth. This hands-on approach has contributed to a strong track record, with over 50 successful exits, underscoring the firm's ability to identify and nurture ventures that achieve significant returns. Puhua Capital's commitment to fostering innovation and driving industrial transformation positions it as a key player in China's venture capital ecosystem.

Investor Profile

Puhua Capital has backed more than 49 startups, with 22 new investments in the last 12 months alone. The firm has led 12 rounds, about 24% of its total and boasts 9 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Seed rounds (top funding stages).
  • Majority of deals are located in China, United Kingdom, United States.
  • Strong thematic focus on Manufacturing, Health Care, Biotechnology.
  • Led 11 rounds in the past year.
  • Typical check size: $1M – $25M.

Stage Focus

  • Series B (29%)
  • Series A (24%)
  • Seed (18%)
  • Series C (14%)
  • Series Unknown (10%)
  • Series D (2%)
  • Series E (2%)

Country Focus

  • China (73%)
  • United Kingdom (22%)
  • United States (2%)

Industry Focus

  • Manufacturing
  • Health Care
  • Biotechnology
  • Artificial Intelligence (Ai)
  • Medical
  • Medical Device
  • Automotive
  • Industrial
  • Autonomous Vehicles
  • Robotics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Puhua Capital frequently co-invest with?

Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 4
Cathay Capital
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Matrix Partners China
Asia, Beijing, China, Beijing
Co-Investments: 3
PricewaterhouseCoopers GmbH
Europe, Hessen, Germany, Frankfurt
Co-Investments: 2
Innoangel Fund
Asia, Beijing, China, Beijing
Co-Investments: 2
Downing Ventures
Europe, England, United Kingdom, London
Co-Investments: 2
Amadeus Capital Partners
Europe, Cambridgeshire, United Kingdom, Cambridge
Co-Investments: 4
GGV Capital
North America, California, United States, Menlo Park
Co-Investments: 2
Haitong Capital
Europe, Lisboa, Portugal, Lisbon
Co-Investments: 2
Parkwalk Advisors
Europe, England, United Kingdom, London
Co-Investments: 3

Which angels does Puhua Capital often collaborate with?

BG
Asia, China
Shared Deals: 1
MA
North America, California, United States, San Francisco
Shared Deals: 1
ME
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by Puhua Capital?

Waferchina

Xian, Hunan, China

Waferchina is a semiconductor material and device R & D manufacturer

Manufacturing
Series UnknownOct 28, 2025
Interstellar Lightyear

Beijing, Beijing, China

Interstellar Lightyear Technology is a developer specializing in dexterous robotic hands.

Health CareIndustrial AutomationManufacturing
SeedOct 22, 2025
Anten

Huzhou, Zhejiang, China

Anten is a high-tech enterprise specializing in dietary supplements and precision nutrition technologies.

SeedOct 16, 2025
Alpha Better

Shenzhen, Guangdong, China

Alpha Better specializes in compound semiconductor wafer-level inspection equipment.

ManufacturingSemiconductor
Series ASep 24, 2025
Ganzhicao Technology

Hangzhou, Zhejiang, China

Gancao Doctor is a TCM internet company enhancing clinic management and doctor diagnostics with AI tools.

E-CommerceWellness
Series UnknownSep 17, 2025
Yitang Technology

Ningbo, Zhejiang, China

Yitang Technology is a professional high-end equipment company

Industrial AutomationManufacturing
Series ASep 15, 2025

Tianqing Aerospace is a startup that offers services for research and development of aviation equipment.

AerospaceProduct Research
Series CSep 11, 2025
Amount Raised: $14,041,197
BasePoint Origin

Haidian, Beijing, China

BasePoint Origin develops AI OS that automates enterprise process analysis, boosting efficiency and accuracy in optimization.

Information ServicesInformation Technology
AngelSep 9, 2025
Amount Raised: $14,041,986
AI² Robotics

Beijing, Beijing, China

AI² Robotics is an embodied intelligent robot company that offers research and development of general intelligent embodied terminals.

ManufacturingRobotic Process Automation (RPA)Robotics
Series ASep 1, 2025
Amount Raised: $14,023,672

Kangweijian Bio provides safe, high-quality raw materials for food, cosmetics, health, pharma, and animal nutrition worldwide.

Food and BeveragePersonal Health
Series BAug 29, 2025