What Ceyuan Ventures does

Ceyuan Ventures (策源创投), legally 联创策源投资咨询（北京）有限公司, is a Beijing-headquartered early-stage venture capital firm founded in 2004 that invests in Chinese information technology and growth-oriented companies. The firm targets startups with strong entrepreneurial teams, advanced technology, and innovative business models, with portfolio coverage spanning social networks (Douban, Snaptube), mobile internet (UC Browser), e-commerce (LightInTheBox), local services (Dianping, Atzuche), healthcare (haodf.com, Medlinker), fintech (OK Finance, Madajie), AI/computer vision (DeepGlint, Aishuzihui), and consumer internet (Meitu, Boss Zhipin). Ceyuan operates through a dual Beijing–Hong Kong office structure, with the Beijing HQ at Wangjing, Chaoyang District and a Hong Kong office at Two IFC, and is led by Founding Partner Bo Feng and Managing Partner Ye Yuan alongside a team of partners, investment directors, and finance/legal/risk professionals. As a privately held VC, the firm generates revenue through management fees on invested capital and carried interest from exits realized via IPO, acquisition, or secondary sales of portfolio company equity.

Name

Ceyuan Ventures

Legal name

联创策源投资咨询（北京）有限公司

Website

https://ceyuan.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Ceyuan Ventures is a Beijing-based early-stage venture capital firm founded in 2004 that invests in Chinese IT and growth companies, with a portfolio spanning consumer internet, fintech, healthcare, and AI, serving technology entrepreneurs seeking capital and strategic support.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Venture capital investing
• Early-stage technology
• Startup equity funding
• Growth capital investments
• IT sector venture capital

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Venture Capital Returns: Ceyuan Ventures generates returns through equity investments in early-stage IT and growth companies. The firm invests in promising startups and realizes returns through exits via IPO, acquisitions, or secondary sales of portfolio company shares.

Marketing channels1 record

Core offering

Ceyuan Ventures is a Beijing-based early-stage venture capital firm that invests equity capital in IT and emerging growth companies. The firm provides capital, strategic guidance, and network access to entrepreneurs building technology-driven businesses, with a portfolio spanning social networks, e-commerce, mobile internet, fintech, healthcare, and AI/ML companies. Returns are realized through exits via IPO, acquisitions, or secondary sales of portfolio company shares.

Product overview

Ceyuan Ventures is a Beijing-based early-stage venture capital firm focused on IT and emerging growth companies. Rather than offering a product in the traditional sense, the firm provides investment services to startups, emphasizing backing great teams, technology innovation, and business creativity. Their investment approach targets early-stage companies with potential for world-class growth, operating with conviction, network relationships, and grassroots culture to discover promising opportunities early. The firm's portfolio spans diverse internet and technology sectors including social networks, e-commerce, mobile internet, fintech, healthcare, and AI/ML companies, with notable investments in Douban, UC, LightInTheBox, Dianping, DeepGlint, Mei Tu, and Boss Zhipin.

Differentiator

Problem solved

Functional benefit

Products and services

• Early-Stage Venture Capital Investment

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• DCM: DCM is an early-stage VC firm with deep US-Japan-China exposure, investing in consumer internet, enterprise and fintech. Comparable to Ceyuan given shared early-stage discipline, similar check size at seed/Series A and a similar focus on category-defining Chinese tech companies.
• HongShan (formerly Sequoia China): HongShan spun out of Sequoia Capital in 2023 and is one of the largest China-focused early- and growth-stage VC firms. Directly comparable to Ceyuan given its stage focus, deep Chinese internet portfolio (comparable to Douban, Meitu, etc.) and similar early-stage IT mandate.
• GGV Capital: GGV invests across early- and growth-stage in China and the US, with strong exposure to consumer internet, enterprise and fintech. Directly comparable to Ceyuan given similar stage, sector mix and a brand built around early identification of Chinese tech category leaders.
• Legend Capital: Legend Capital is a Beijing-based growth- and early-stage investor in IT, healthcare and consumer in China. Comparable to Ceyuan given shared Beijing HQ, similar IT/healthcare mandate, and broadly overlapping portfolio of Chinese technology companies.
• IDG Capital: One of the earliest foreign-affiliated China VC firms, IDG Capital invests across early- and growth-stage IT, consumer and healthcare in China. Directly comparable to Ceyuan given its long China-VC history, broad IT exposure and similar founder-backed early-stage orientation.
• Morningside Ventures: Morningside is a long-established China-focused early-stage VC firm investing across IT, biotech and education. Comparable to Ceyuan given shared early-stage orientation, similar vintage (founded around the same era) and overlapping focus on Chinese technology founders.
• Bertelsmann Asia Investments: Bertelsmann Asia Investments is the Greater China venture arm of Bertelsmann, focused on early- to growth-stage IT and media investments. Directly comparable to Ceyuan given shared early-stage IT focus in China and similar mandate of backing entrepreneurs building regional tech leaders.
• Matrix Partners China: Matrix Partners China invests in early-stage internet, mobile, enterprise SaaS and consumer tech in China. Closely comparable to Ceyuan given shared early-stage IT focus, founder-driven culture and similar stage and sector orientation across the same ecosystem.

Emerging players

• ZhenFund: ZhenFund is a seed-stage China VC founded by Bob Xu and Victor Wang, focused on Chinese consumer and enterprise tech. Comparable to Ceyuan given shared China early-stage IT focus, but at a smaller, seed-focused scale and newer vintage than Ceyuan.

Broad incumbents

• Hillhouse Capital: Hillhouse is one of the largest China-focused investment firms spanning early-stage VC through buyout. Comparable as a co-investor in Ceyuan's Snapmaker Series B; broader in scale and stage than Ceyuan but operates in overlapping sectors (consumer, healthcare, enterprise).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ceyuan-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments122 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ceyuan Ventures