Haibang Capital

Overview

Haibang Capital is a Hangzhou-based venture capital firm focusing on early-stage investments in China. The firm was established in 2011 by Naxin Yao, the CEO of Focused Photonics, Inc., along with a group of returnee entrepreneurs and experienced investment professionals. Its first fund, launched in 2011, was the initial venture capital effort in China dedicated to helping returnees start their own businesses. The firm also serves as fund connect capital and participates in Zhejiang Province’s Thousand Talent Program. Beyond capital, Haibang Capital provides investee companies with value-added services designed to accelerate growth and foster both strong economic performance and social impact. The firm aims to help enterprises scale rapidly and maintain leadership in their respective industries. Haibang Capital focuses on sectors such as healthcare, biotechnology, manufacturing, big data, technology, green tech, clean tech, industrial machinery, finance, and TMT. The firm operates within China's highly localized venture ecosystem, where proximity to founders and policy signals shapes deployment timing and sector emphasis. Its investment approach covers a generalist mandate across software, consumer internet, artificial intelligence, and industrial technology. Like many Beijing venture managers, Haibang Capital likely structures investments through direct equity positions and special-purpose vehicles, though specific portfolio companies and fund vehicles remain undisclosed in public record. Its focus on seed and early venture stages suggests an operational model centered on founder relationships and rapid initial due diligence. Haibang Capital's first fund, launched in 2011, was the initial venture capital effort in China dedicated to helping returnees start their own businesses. The firm also serves as fund connect capital and participates in Zhejiang Province’s Thousand Talent Program. Beyond capital, Haibang Capital provides investee companies with value-added services designed to accelerate growth and foster both strong economic performance and social impact. The firm aims to help enterprises scale rapidly and maintain leadership in their respective industries.

Investment Focus

• Early-stage technology companies in China

Portfolio Companies