BAI capital logo

BAI capital

Asia, Beijing, China, Beijing

Description

BAI Capital, formerly known as Bertelsmann Asia Investments, stands as a leading venture capital fund deeply entrenched in China's dynamic innovation landscape. Originating as the strategic investment arm of the global media, services, and education conglomerate Bertelsmann SE & Co. KGaA, the firm successfully spun out as an independent entity in 2021. This transition marked a significant milestone, allowing BAI Capital to operate with greater autonomy while retaining its profound understanding of the Chinese market and leveraging its extensive network built over years of operation. Based in Beijing, BAI Capital has established itself as a crucial financial and strategic partner for ambitious startups.

The firm primarily focuses on early to growth-stage investments, targeting disruptive companies across a broad spectrum of sectors within China. Their investment thesis spans areas such as TMT (Technology, Media, Telecom), consumer internet, social platforms, digital content, and enterprise services. BAI Capital is renowned for its hands-on approach, providing not just capital but also strategic guidance, operational support, and access to a vast ecosystem of industry connections. This value-add proposition helps portfolio companies navigate the complexities of the Chinese market and accelerate their growth trajectories.

BAI Capital boasts an impressive track record of identifying and backing future industry leaders. The firm has invested in more than 200 portfolio companies since its inception, demonstrating a consistent ability to spot high-potential ventures. Among these investments, a remarkable 17 companies have successfully achieved IPOs, underscoring BAI Capital's expertise in nurturing businesses from nascent stages to public market success. Notable past investments include prominent names like Bilibili, Ifeng, Mobike, and Tuhu, showcasing their diversified portfolio and impact across various consumer and tech segments.

As an impartial venture capital analyst, BAI Capital presents itself as a highly experienced and impactful investor in the Chinese market. Its strategic evolution, combined with a proven ability to deliver substantial exits and support a large number of innovative companies, positions it as a sought-after partner for entrepreneurs. The firm continues to play a pivotal role in shaping China's digital economy, consistently seeking out the next generation of market-defining businesses.

Investor Profile

BAI capital has backed more than 60 startups, with 4 new investments in the last 12 months alone. The firm has led 18 rounds, about 30% of its total and boasts 16 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in China, United States, Mexico.
  • Strong thematic focus on Financial Services, Software, FinTech.
  • Led 2 rounds in the past year.
  • Typical check size: $5M – $50M.

Stage Focus

  • Series A (25%)
  • Series B (25%)
  • Series C (17%)
  • Seed (15%)
  • Series D (7%)
  • Series Unknown (7%)
  • Series E (2%)
  • Series F (2%)
  • Convertible Note (2%)

Country Focus

  • China (63%)
  • United States (13%)
  • Mexico (10%)
  • Hong Kong (8%)
  • Singapore (3%)
  • Nigeria (2%)

Industry Focus

  • Financial Services
  • Software
  • Fintech
  • Apps
  • E-commerce
  • Internet
  • Blockchain
  • Cryptocurrency
  • Automotive
  • Manufacturing
circle-line
FAQ

Frequently Asked Questions

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

Who does BAI capital frequently co-invest with?

Source Code Capital
Asia, Liaoning, China, Chaoyang
Co-Investments: 6
ZhenFund
Asia, Beijing, China, Beijing
Co-Investments: 6
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 7
Vision Plus Capital
Asia, Zhejiang, China, Hangzhou
Co-Investments: 5
GSR Ventures
North America, California, United States, Menlo Park
Co-Investments: 10
Morningside Group
North America, Massachusetts, United States, Newton Center
Co-Investments: 6
5Y Capital
Asia, Shanghai, China, Xuhui
Co-Investments: 8
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 7
GGV Capital
North America, California, United States, Menlo Park
Co-Investments: 12
Jeneration Capital
Asia, Hong Kong Island, Hong Kong, Central
Co-Investments: 5

Which angels does BAI capital often collaborate with?

WG
North America, California, United States, San Francisco
Shared Deals: 1
Patricio Worthalter
South America, Buenos Aires, Argentina
Shared Deals: 2
Tim Beiko
North America, British Columbia, Canada, Vancouver
Shared Deals: 2

What are some of recent deals done by BAI capital?

KUN

Hong Kong, Hong Kong Island, Hong Kong

KUN provides all-inclusive digital payment solutions for Web2 and Web3 enterprises.

Financial ServicesFinTechPayments
Series AJul 17, 2025
Amount Raised: $50,000,000
KUN

Hong Kong, Hong Kong Island, Hong Kong

KUN provides all-inclusive digital payment solutions for Web2 and Web3 enterprises.

Financial ServicesFinTechPayments
SeedFeb 14, 2025
Usdx money

Hong Kong, Hong Kong Island, Hong Kong

USDX is a synthetic USD stablecoin built for the crypto ecosystem

CryptocurrencyDecentralized Finance (DeFi)Financial ServicesFinTech
SeedDec 2, 2024
Amount Raised: $45,000,000
VITURE

San Francisco, California, United States

VITURE is a 2C technology company dedicated to developing AR technology, creating trendy XR glasses.

ComputerElectronics
Series BOct 21, 2024
Amount Raised: $50,000,000
Stori

Mexico City, Distrito Federal, Mexico

Stori is a fintech company providing digital financial services to underserved customers.

AppsFinancial ServicesFinTechInformation ServicesInformation Technology
Series UnknownAug 6, 2024
Amount Raised: $105,000,000
Taiko Labs

Bay City, Michigan, United States

Taiko Labs is a cryptocurrency firm that develops an Ethereum Virtual Machine (zkEVM) scaling solutions platform for Ethereum Blockchain.

BlockchainCryptocurrencyEthereumService Industry
SeedJun 8, 2023
Amount Raised: $12,000,000
ClearMotion

Billerica, Massachusetts, United States

ClearMotion is a global automotive technology company that commercializes a proactive ride system.

AutomotiveAutonomous VehiclesEnergyManufacturingSoftwareTransportation
Series UnknownMay 23, 2023
Amount Raised: $32,000,000
Galactic Holdings

Mexico City, Distrito Federal, Mexico

Crypto, Mobile App, Payment, Blockchain, Wallet, Fintech

BlockchainCryptocurrencyFinancial ServicesFinTechMobile PaymentsPayments
SeedApr 17, 2023
Amount Raised: $10,000,000
ClearMotion

Billerica, Massachusetts, United States

ClearMotion is a global automotive technology company that commercializes a proactive ride system.

AutomotiveAutonomous VehiclesEnergyManufacturingSoftwareTransportation
Series UnknownSep 7, 2022
Amount Raised: $39,000,000
Taiko Labs

Bay City, Michigan, United States

Taiko Labs is a cryptocurrency firm that develops an Ethereum Virtual Machine (zkEVM) scaling solutions platform for Ethereum Blockchain.

BlockchainCryptocurrencyEthereumService Industry
SeedSep 1, 2022
Amount Raised: $10,000,000