China’s Tiantu Capital closes first angel fund at $75m

The new vehicle will follow the investment themes of Tiantu's previous funds by focusing on companies in the consumer sector. Favored verticals include food, retail, medical care, education services, entertainment, and technology. The angel fund will target start-ups that leverage technology to address the lifestyle needs of young consumers.

Tiantu’s core investment team will manage the vehicle. The investment committee will be led by Pan Pan, a managing partner with the firm, and Guoxing Wei and Jing Li, a partner and a managing director, respectively.

“The demands of young consumers have always been an underlying investment theme for us and we’d like to grab opportunities that arise as part of the broader consumption upgrade in China in areas such as clothes, food, and entertainment,” said Pan. “We want to work with entrepreneurs that see us as a strategic partner rather than just an investor.”

Tiantu was founded in 2002 and manages RMB17 billion in assets. Past technology-related investments include: e-commerce business Xiaohongshu, which is currently valued at more than $3 billion currently; 51 Credit Card, a credit card management platform that listed in Hong Kong in 2018; and online shopping and social networking site Mogujie, which filed for a US IPO last year.

Having raised several renminbi-denominated funds, the GP closed its first US dollar fund at $113 million in 2014.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• Renminbi fund
• Consumer
• Venture
• Technology
• Tiantu Capital
• China
• GPs
• TMT