Lingyi Venture Capital

Lingyi Venture Capital (零一创投) is an early-stage venture capital fund that, according to 暗涌Waves's year-end 2024 survey, had its managing partner Yu Lu celebrating a decade of operations with a brand refresh of the firm's office and website . The fund's investment thesis appears to center on globalization infrastructure and vertical technology services — though by mid-2025 its director Tao Yangfeng told 暗涌Waves that the firm had largely stopped backing new service-sector companies because "the landscape is basically set, with leading players becoming increasingly clear" . Tao noted two potential exceptions: shifts in customer demographics and AI-driven efficiency gains .

The fund was an active participant in warehouse robotics company HAI Robotics's 2021-2022 funding cycle, joining as a follower in the company's C and D rounds and returning for the D+ round in mid-2022 . Elsewhere's corpus does not contain Lingyi's founding date, fund size, or full team roster.