COCOCapital
COCOCapital is a Shanghai-based venture capital firm founded in 2015, managing over 3 billion RMB across seed, early-stage, Series A/B, and Silicon Valley funds. It invests in intelligent manufacturing, enterprise internet, semiconductors, and new energy startups, sourcing deals through its affiliated COCOSPACE innovation space network.
- Company typePrivate
- Founded2015
- HeadquartersShanghai, China
- Headcount11–50
- GTM typeB2B
- OfferingServices
What COCOCapital does
COCOCapital (可可资本, legal entity 上海可可投资管理有限公司 / COCOCAPITAL Corporation) is a Shanghai-based venture capital and private equity fund management company founded in 2015. The firm specializes in providing capital services to innovative startups and growth-stage technology companies, with disclosed assets under management exceeding 3 billion RMB (approximately $420M USD) across three fund vehicles: a 300 million RMB main venture capital fund focused on Series A/B investments of 10–20 million RMB, a 150 million RMB early-stage fund making angel and Pre-A investments up to 5 million RMB, and a 30 million USD Silicon Valley fund for cross-border investments. The firm also deploys seed-stage capital under 1 million RMB through its affiliated COCOSPACE (可可空间) innovation space network.
COCOCapital's investment mandate spans two principal verticals: "intelligent manufacturing" — robotics, smart manufacturing, artificial intelligence, and autonomous systems — and "enterprise internet" — cloud computing, big data, IoT, and fintech. The firm has more recently expanded into semiconductors (chip design, GPU, EDA software), new energy (electric vehicles, power batteries, energy storage, hydrogen), and new materials. The portfolio exceeds 50 companies across these sectors, including 新致软件 (688590.SH, STAR Market IPO Dec 2020), 德固特 (300950.SZ, ChiNext IPO March 2021), Slamtec, VisionNav Robotics, Malong Technologies, Feima Technology, and 昂华 Automation (acquired by Shanghai Electric Group in June 2019).
The firm's revenue model follows standard VC economics: recurring management fees (typically 2% annually on committed capital) supplemented by transaction-based carried interest (typically 20% of profits above the hurdle rate) from successful portfolio exits. Deal flow is structurally sourced through the COCOSPACE-affiliated innovation space network across multiple Chinese cities, supplemented by direct founder outreach, partner networks, industry conferences, and inbound BP submissions. Limited partners include state-owned enterprise groups, listed companies, government guidance funds, and professional parent funds. The firm's investment team of partners averaging over 10 years of experience is led by founder Wei Feng (魏锋), who is recognized on the Forbes China Top 100 Venture Capitalists (2019) and China Top 30 Best Angel Investors (2018) lists.
COCOCapital firmographics
Firmographics- Name
- COCOCapital
- Legal name
- 上海可可投资管理有限公司
- Website
- https://cococapital.com.cn
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- COCOCapital is a Shanghai-based venture capital firm founded in 2015, managing over 3 billion RMB across seed, early-stage, Series A/B, and Silicon Valley funds. It invests in intelligent manufacturing, enterprise internet, semiconductors, and new energy startups, sourcing deals through its affiliated COCOSPACE innovation space network.
- Ownership category
- akta.pro rank
COCOCapital industry classification
Industry- Product category
- Venture Capital Fund Management
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where COCOCapital is headquartered
LocationHeadquarters
- HQ city
- Shanghai
- HQ country
- China
- HQ region
- Asia
Offices1 record
Markets served
COCOCapital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management Fees: Management fees charged on committed capital under management, typically 2% annually for VC funds.
- Carried Interest (Performance Fees): Performance-based carried interest from successful portfolio company exits, typically 20% of profits above the hurdle rate.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One-time | Seed Stage: Up to 1 million RMB per company |
| Other | One-time | Angel/Pre-A Stage: Up to 5 million RMB per company |
| Other | One-time | Series A/B Stage: 10-20 million RMB per company |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
COCOCapital product offering
Product offeringCore offering
COCOCapital (可可资本) is a venture capital and private equity fund management company founded in 2015 in Shanghai, China. It manages multiple fund vehicles including a 300 million RMB Series A/B fund, a 150 million RMB early-stage (angel/Pre-A) fund, and a 30 million USD Silicon Valley fund, with assets under management exceeding 3 billion RMB. The firm invests in innovative startups across intelligent manufacturing (robotics, intelligent manufacturing, AI, semiconductors) and enterprise internet (cloud computing, big data, IoT, fintech) sectors, working in conjunction with affiliated COCOSPACE innovation spaces under a "base + fund" and "investment + incubation" model.
Product overview
COCOCapital (可可资本) is a venture capital and fund management firm established in 2015, focused on providing capital services for innovative startups and growth-stage enterprises. The company manages assets exceeding 30 billion RMB and operates in conjunction with its affiliated company COCOSPACE (可可空间), which provides co-working spaces, incubation, and acceleration services. COCOCapital's investment focus spans intelligentization (robotics, intelligent manufacturing, artificial intelligence) and enterprise internet (cloud computing, big data, IoT, fintech). The firm does not offer technology products or SaaS platforms as its core business offering.
Differentiator
Problem solved
Functional benefit
Products and services
- 300 Million RMB Series A/B Venture Capital Fund
- 150 Million RMB Early-Stage (Angel/Pre-A) Fund
- 30 Million USD Silicon Valley Venture Capital Fund
Quantifiable outcome
- Multiple successful exits including 德固特节能 (300950.SZ), 新致软件 (688590.SZ), 韦尔股份 (603501.SH)
- +2 more outcomes
Companies that use COCOCapital
Customer profileNamed customers8 records
Segments2 records
Ideal customer profiles3 records
COCOCapital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
COCOCapital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- COCOSPACE (可可空间)coreCOCOCapital's affiliated company operating under '基地+基金' (base + fund) and '投资+孵化' (investment + incubation) business model. COCOSPACE provides innovation spaces, coaching services, and cloud services that complement COCOCapital's investment activities. Together they form an integrated startup service ecosystem.
Scale indicators4 records
Recent moves10 records
Expansion highlights6 records
COCOCapital competitors and assessment
Company assessmentDirect peers
- IDG Capital: One of the largest China-focused venture capital firms investing across technology, consumer, and healthcare stages. Directly comparable to COCOCapital given similar focus on early-to-growth stage Chinese tech startups with substantial AUM.
- HongShan (formerly Sequoia China): Leading China VC investing in technology, healthcare, and consumer with multi-stage strategy. Most directly comparable peer to COCOCapital given overlapping focus on Chinese tech startups and multi-fund platform structure.
- MatrixPartners China: Active early-to-growth stage China VC with focus on enterprise, consumer, and fintech. Comparable to COCOCapital in stage preference and focus on enterprise technology and SaaS investments.
- GGV Capital: Multi-stage VC investing in China and US technology companies, particularly in enterprise software, AI, and smart manufacturing. Directly comparable given cross-border China-US investing capability and tech focus.
- Shunwei Capital: China-focused early-to-growth stage VC investing in technology and consumer sectors. Comparable to COCOCapital in stage and focus area, with stronger brand recognition in Chinese tech VC.
- ZhenFund: Leading China seed-to-Series A VC with focus on consumer and enterprise software. Comparable to COCOCapital's early-stage fund and angel investments through COCOSPACE network.
- Sinovation Ventures: China-focused early-stage VC with strong AI, robotics, and enterprise software focus. Highly comparable given overlapping investment themes in AI and intelligent manufacturing where COCOCapital has won multiple awards.
- Blue Lake Capital: China growth-stage VC investing in tech and consumer. Direct comparable and active co-investor with COCOCapital in the Trugo Tech Series C round.
- Northern Light Venture Capital: Early-stage China VC with focus on enterprise software, AI, and mobile internet. Comparable given similar early-stage investing approach in China's enterprise technology sector.
Broad incumbents
- Walden International: Established cross-border VC with deep China and US presence, investing across technology stages. Comparable as a broader incumbent with operating partner network; COCOCapital's senior team includes Walden alumni.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
COCOCapital financial estimates
Financial estimateRevenue estimate
Valuation estimate
COCOCapital leadership team
Management profileNumber of profiles
Profiles10 records
COCOCapital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
COCOCapital M&A and investment
M&A and investmentM&A
Investments26 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about COCOCapital
What does COCOCapital do?
COCOCapital (可可资本) is a venture capital and private equity fund management company founded in 2015 in Shanghai, China. It manages multiple fund vehicles including a 300 million RMB Series A/B fund, a 150 million RMB early-stage (angel/Pre-A) fund, and a 30 million USD Silicon Valley fund, with assets under management exceeding 3 billion RMB. The firm invests in innovative startups across intelligent manufacturing (robotics, intelligent manufacturing, AI, semiconductors) and enterprise internet (cloud computing, big data, IoT, fintech) sectors, working in conjunction with affiliated COCOSPACE innovation spaces under a "base + fund" and "investment + incubation" model.
Is COCOCapital a public or private company?
COCOCapital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was COCOCapital founded?
COCOCapital was founded in 2015. It employs 11 to 50 people.
Where is COCOCapital based?
COCOCapital is headquartered in Shanghai, China, in the Asia region.
How does COCOCapital make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest (Performance Fees).
Who are COCOCapital's main competitors?
Direct peers on record are IDG Capital, HongShan (formerly Sequoia China), MatrixPartners China, GGV Capital, Shunwei Capital, ZhenFund, Sinovation Ventures, Blue Lake Capital and Northern Light Venture Capital. Walden International is listed as a broad incumbent.
Does COCOCapital have an API?
No public API is recorded for COCOCapital.
What industry is COCOCapital in?
COCOCapital's product category is Venture Capital Fund Management. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 52394 and its SIC code is 6282.