Puhua Capital
普华资本
Puhua Capital is a Chinese venture capital firm that appears across multiple deals in elsewhere's corpus, though the bundle offers only fragmentary biographical detail. It led the A++ round of Luer New Materials, a phase-change materials company, in 2022 , and has since shown up as a new investor in general-purpose humanoid robotics: it joined the angel+ round of Boundless Dynamics in early 2026 and co-led a subsequent round in Shenpu Intelligence alongside Linear Capital by April 2026 . The firm also followed on in SiliconFlow's Pre-A round and was referenced as an earlier backer of the AI infrastructure company as of mid-2025 . Cao Guoxiong is identified with Puhua Capital and its affiliated Toutoushidao Fund in one 2023 memorial piece . Beyond these deal footprints, elsewhere's corpus does not cover the firm's founding, scale, or strategy in depth.
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Coverage
"Shenpu Intelligence" Closes New Financing Round of Several Hundred Million Yuan, Led by Linear Capital | Linear Portfolio
Using family-like commercial scenarios as an entry point.
线性资本·"Boundless Dynamics" Raises Hundreds of Millions of RMB in Angel+ Round, with Linear Capital, HSG, Hillhouse and Others Continuing to Back | Linear Portfolio
Our first-generation self-developed robotics platform has already been deployed in real-world customer scenarios.
线性资本·Exclusive | SiliconFlow, the First to Catch DeepSeek's Traffic Wave, Raises Hundreds of Millions in New Funding Led by Alibaba
A series of choices that were at once accidental and inevitable.
暗涌Waves·The Day Munger Died: 18 WeChat Moments About Him
Mourning the Passing of a Wise Mind
暗涌Waves·Linear Capital's Series A lead portfolio company **Luer New Materials** has closed a tens-of-millions-of-RMB A++ round, with existing shareholder Linear Capital increasing its stake.
Actively building a temperature-control platform for the phase-change materials industry.
线性资本·
