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Panda Capital
AddedFeb 17, 2024
UpdatedJun 28, 2026
Panda Capital

Panda Capital

Operating

Panda Capital: A leading Chinese VC firm, investing in disruptive tech startups from Angel to Series B stages since 2015.

Location
Shanghai, Shanghai, CN
Founded
2015
Firm
Compare
Portfolio
Employees
Website

Panda Capital is a venture capital firm based in China, founded in 2015, that focuses on early-stage investments in disruptive technology startups. The firm typically invests in companies from Angel to Series B stages, aiming to be among the first or second institutional investors. Panda Capital targets fast-growing sectors such as Data-Driven AI Applications, Enterprise Services, Fintech, Logistics, Mobility & Transportation, and New Media.

Notable portfolio companies include HeyLayer, LemonBox, Raiinmaker, Splinterlands, and Theia Studios. Panda Capital's investment philosophy centers on supporting innovative and high-potential tech startups. The firm offers value-add services such as strategic guidance and industry connections to help portfolio companies scale effectively. Key partners and decision-makers at Panda Capital bring extensive experience and a strong network within the tech investment landscape.

Panda Capital - Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments6
Current Portfolio Count4
Total Portfolio Exits0

Top Investment Stages

Seed3 (50.0%)
Initial Coin Offering1 (16.7%)
Pre-Seed1 (16.7%)
Series A1 (16.7%)

Stage Mix

Seed 50%Initial Coin Offering 17%Pre-Seed 17%Series A 17%

Concentration shown as share of disclosed investments by stage.

Recent Investments

Theia Studios logo

Theia Studios

HeyLayer logo

HeyLayer

LemonBox logo

LemonBox

Raiinmaker logo

Raiinmaker

Splinterlands logo

Splinterlands

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Panda Capital - Classification

NAICS
  • 520000Finance and Insurance
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6700Holding And Other Investment Offices
  • 6790Miscellaneous Investing
  • 6799Investors, Not Elsewhere Classified
Show 5 more industry codes
NAICS
  • 525000Funds, Trusts, and Other Financial Vehicles
  • 523910Miscellaneous Intermediation
SIC
  • 6000Depository Institutions
  • 6720Investment Offices
  • 6722Management Investment Offices, Open-end