FutureX Capital
天际资本
FutureX Capital (天际资本) is a China-focused venture capital firm founded by Zhang Qian (张倩) . The fund appears to position itself around early-stage technology investing, with Zhang describing a 2024 return to active deployment after a four-year pause — "reopening the board, facing fear, challenging oneself" .
In deal flow, FutureX shows up as a co-investor alongside larger brand-name funds rather than a lead. It participated in PingCAP's $270 million Series D in 2020 alongside 5Y Capital, Coatue, and Matrix Partners China , and more recently followed Linear Capital in UNICUS's early 2026 round . It also backed chip startup Zunpai Communications at pre-A stage alongside Xiaomi and Gaorong Capital in 2022 . The pattern suggests a focus on hard tech and enterprise infrastructure, with a willingness to enter at earlier rounds and build positions over time.
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