Fund

Yunqi Capital

云启资本

Yunqi Capital is an early-stage Chinese venture capital firm co-founded in 2014 by Michael Mao (毛丞宇) and Yubin Huang (黄榆镔), positioning itself as one of the country's first specialist institutions focused on "technology innovation × industrial enablement" . The firm has grown from a small team to roughly 40 people, with a portfolio of over 180 companies spanning enterprise software, open-source infrastructure, robotics, and AI .

Its investment approach centers on hard tech and B2B sectors. On the open-source front, Yunqi led early rounds in PingCAP, Zilliz, Jina AI, and RisingWave, and in 2025 co-authored a report with the OpenAtom Foundation on open-source commercialization trends . In robotics and embodied AI, it led the angel rounds for Astribot (2023) and Poke Robotics (2026), and has backed companies including Neolix, RealMan, and Yizao Technology . Notable portfolio companies also include MiniMax, XTransfer, and JD Industrial .

The partnership has evolved recently: Chen Yu (陈昱) was promoted to managing partner in early 2026, joining Michael Mao in that role, while Na Li (Linda) serves as a director . Mao himself has been recognized in industry rankings, including Forbes China's best venture capitalists list for nine consecutive years and PEDaily's TOP100 investors .

AI-generated — may contain errors, please verify.

Yunqi CapitalFund
云启资本
渲染中…
Mentioned in 530 articles

Coverage