What Lantern Capital does

Lantern Capital (领中资本) is a Shanghai-based private equity and venture capital firm founded in 2016, registered as Shanghai Lingzhong Asset Management Co., Ltd. (上海领中资产管理有限公司) under AMAC registration P1061055. The firm manages multiple RMB-denominated funds covering early- and growth-stage investments and concentrates its capital in four technology verticals: advanced manufacturing, artificial intelligence, smart logistics, and new materials. Its primary customer base consists of high-growth Chinese technology enterprises seeking equity capital, operational value-add (talent recruitment, market integration, corporate strategy), and ecosystem access, alongside institutional and qualified LPs that subscribe to its funds.

The firm's portfolio spans roughly 15+ disclosed investments, with marquee positions including United Imaging Healthcare (联影医疗, stock code 688271) — the largest STAR Market IPO of 2022; LandSpace (蓝箭航天) — operator of the world's first liquid oxygen methane orbital rocket (Zhuque-2, July 2023); United Imaging Intelligence (联影智能) — winner of the 2020 World AI Conference SAIL Award; Boxxbox (箱箱共用) — a smart logistics packaging sharing platform with over 350 patents globally and a UN Global Innovation Award; Boya Gongdao (博雅工道) — a leading underwater intelligent equipment company; and Zhichang Robot (智昌机器人) — an intelligent factory ecosystem provider. Notable exits include the Mobike acquisition by Meituan and the Dreame Technology exit.

Lantern Capital generates revenue through three streams: (1) annual fund management fees on committed capital under management, (2) carried interest earned upon successful exits above hurdle rates (industry standard ~20% carry / ~8% hurdle), and (3) investment advisory services to portfolio companies and co-investors. The firm leverages its Managing Partner Huang Yan's leadership positions at SHPEA (Vice Chairman and Secretary-General), Shanghai GuoChuang Technology Industry Innovation Development Center (Chairman), and CAAI's Human-Machine Fusion Intelligence Committee (Vice Chairman) for deal flow and brand authority, and has won SHPEA's Best PE/VC Investment Institution in Shanghai for three consecutive years (2023-2025).

Name

Lantern Capital

Legal name

上海领中资产管理有限公司

Website

https://lanternventure.com

Company type

Private

Founded year

2016

Operating status

Operating

Short description

Lantern Capital (领中资本) is a Shanghai-based private equity firm founded in 2016 managing RMB funds focused on early- and growth-stage Chinese technology companies in advanced manufacturing, AI, smart logistics, and new materials, with marquee exits including United Imaging Healthcare's 2022 STAR Market IPO.

Ownership category

akta.pro rank

Product category

Private Equity / Venture Capital

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industries

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)

Keywords

• Private equity investment
• Venture capital management
• Growth equity funding
• Technology sector investing
• Early stage financing

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: Management fees charged annually on committed capital under management across multiple RMB-denominated private equity funds covering start-up and growth stages.
2. Carried Interest (Performance Fees): Performance-based carried interest earned upon successful exit of portfolio companies above the hurdle rate.
3. Investment Advisory Services: Advisory and consulting services provided to portfolio companies and co-investors in areas of talent recruitment, market integration, corporate strategy, and operational support.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Lantern Capital is a Shanghai-based private equity firm founded in 2016 that manages multiple RMB-denominated funds covering early-stage and growth-stage investments in high-growth technology companies across advanced manufacturing, artificial intelligence, smart logistics, and new materials sectors. The firm sources proprietary deals through its management team's network, invests equity capital into portfolio companies, and provides post-investment value-add services including talent recruitment, market integration, corporate strategy, and operational support.

Product overview

Lantern Capital is a private equity investment firm focused on investing in high-growth technology companies. The firm manages multiple RMB funds covering early-stage and growth-stage investments, primarily targeting companies in advanced manufacturing, artificial intelligence, smart logistics, and new materials sectors in China.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Fund Management Services
• Investment Advisory Services

Quantifiable outcome

• United Imaging Healthcare listed on STAR Market (688271) — largest STAR Market IPO of 2022
• +4 more outcomes

Named customers13 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Shanghai International Equity Investment Association (SHPEA) (上海市国际股权投资基金协会)coreStrategic or Co-development PartnerManaging Partner Huang Yan serves as Vice Chairman and Secretary-General of SHPEA. Lantern Capital actively participates in SHPEA-organized industry surveys, forums, and reports including publishing the annual Shanghai Private Equity and Venture Capital Industry Development Report.
• Caohejing Development Zone (漕河泾开发区)minorStrategic or Co-development PartnerCaohejing Development Zone is listed as a strategic partner on Lantern Capital's website. Caohejing's financing platform provided cumulative loans of RMB 20 million to portfolio company Hongyan Logistics (鸿研物流/箱箱共用), and Caohejing Tian Shi invested in Hongyan Logistics as its first investment project.
• China Artificial Intelligence Society (CAAI) (中国人工智能学会)coreStrategic or Co-development PartnerLantern Capital is a member unit of CAAI. Managing Partner Huang Yan serves as Vice Chairman of CAAI's Human-Machine Fusion Intelligence Special Committee. Lantern Capital co-published the '2020 AI Empowering Advanced Manufacturing Industry Report' with CAAI.
• Shanghai Private Equity and Venture Capital Association (SHPEXA) (上海市私募股权投资协会)coreStrategic or Co-development PartnerLantern Capital actively participates in SHPEXA-organized events and industry surveys. Managing Partner Huang Yan was elected Vice Chairman and Secretary-General of the 5th SHPEXA Council in November 2022.
• Shanghai GuoChuang Technology Industry Innovation Development Center (上海国创科技产业创新发展中心)coreStrategic or Co-development PartnerManaging Partner Huang Yan serves as Chairman of this center. Lantern Capital co-organizes events with the center including the 'Zero Carbon Circular Economy Industry Forum' and serves as an ecosystem hub for technology investment.
• Zhejiang Science Park (浙江园)minorStrategic or Co-development PartnerListed as a strategic partner on Lantern Capital's website, indicating collaboration with Zhejiang's science and technology park ecosystem.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Qiming Venture Partners: Leading Chinese venture capital firm focused on TMT, healthcare, and advanced technology/hardtech investments. Co-led Zhichang Robot Series B with Lantern Capital in 2018, indicating overlapping investment themes and direct co-investment activity.
• VStar Capital: Shanghai-based private equity firm with a comparable focus on technology and growth-stage investments in China. Listed as a strategic partner on Lantern Capital's website, reflecting ecosystem overlap.
• GP Capital: Domestic Chinese private equity platform with broad sector coverage including technology investments. Listed as a strategic partner of Lantern, suggesting shared deal-flow collaboration and similar LP base.
• Volcanics Venture (火山石投资): China-focused venture capital firm investing across TMT, healthcare, and advanced technology. Strategic partner of Lantern Capital with directly comparable investment focus and stage.
• DT Capital (洞见资本): Chinese private equity firm focused on growth-stage technology and industrial investments. Strategic partner of Lantern with overlapping LP and deal-sourcing networks in China.
• 7 Seas VC (七海资本): Cross-border tech venture capital firm with significant China exposure; managing partner Xiong Minghua previously served as Tencent CTO. Strategic partner of Lantern with directly overlapping investment themes.

Broad incumbents

• Zero2IPO (清科集团): Largest Chinese PE/VC data, research, and fund-of-funds platform. Represents the broader incumbent PE/VC ecosystem in China that Lantern operates within, providing comparable industry intelligence and LP connectivity.
• Cybernaut Investment (赛伯乐投资): Established Chinese PE firm with broad exposure to technology, advanced manufacturing, and industrial modernization. Larger incumbent with overlapping investment themes but broader portfolio scope.
• Addor Capital (毅达资本): Major Chinese state-affiliated investment platform covering technology, advanced manufacturing, and new materials. Larger incumbent with directly comparable sector focus to Lantern's advanced manufacturing and new materials investments.

Regional players

• Oriza Holdings (元禾控股): Suzhou-based Chinese PE/VC platform with deep-tech and advanced manufacturing focus. Comparable to Lantern in stage and sector orientation but anchored in Jiangsu rather than Shanghai.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lantern-vc

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

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

M&A

Investments3 records

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

Frequently asked questions about Lantern Capital