IDG Capital

IDG Capital is a Beijing-based venture and growth-stage investment firm that backs technology-enabled companies across global markets, with a strong emphasis on China and Asia. It invests across seed, early, later, and growth stages and pursues buyouts, with interests spanning information technology, software, consumer products and services, healthcare, energy, SaaS, mobile, TMT, and advanced manufacturing. The firm leverages a worldwide network of limited partners, including sovereign wealth funds, pension funds, institutional investors, and philanthropic and educational endowments, to support portfolio companies. With deep local market knowledge and extensive relationships with business leaders, IDG Capital combines global perspective with local execution to facilitate inbound and outbound opportunities in China and the broader Asian region.

Xiaohui Cao

Partner

Guangfu Cui

Partner

Jun Fang

Partner

Mei Gao

Partner

Young Guo

General Partner

Past deals in Beverages

about t:me

Venture Round in 2023
about t:me offers coffee drinks in a recyclable sealed container. Their offering range from ordering, to customization options, to pick-up. Their coffee machines are designed to create a cup of coffee without the wait, every time. They respond to customer inquiries by phone and email.

KSANA CHA

Seed Round in 2022
Tea

HeyTea

Series D in 2021
HeyTea is a Chinese tea shop that focuses on innovative beverages, particularly cheese-topped tea and fruit tea. Founded in 2012 in an alley by the riverside, the company initially operated under the name ROYALTEA before rebranding to HEYTEA. The franchise offers a diverse range of products, including instant milk tea, fruit tea, and traditional Chinese tea, aimed at providing customers with unique flavor combinations. Through its distinct offerings, HeyTea has established itself as a prominent player in the tea beverage market.

Saturnbird Coffee

Series B in 2021
Saturnbird Coffee Co., Ltd is a coffee shop operator based in Changsha, China, established in 2011. The company specializes in a range of coffee products, including a unique instant coffee powder that utilizes advanced brewing technology to preserve the original flavor and aroma of coffee beans. This innovative product can be dissolved in various liquids, such as hot or cold water, milk, and oat milk, allowing for versatile consumption. Saturnbird Coffee aims to enhance the coffee drinking experience through its thoughtfully designed cafes, which focus on the choice of utensils and interior aesthetics, creating an inviting atmosphere for coffee enthusiasts.

Daddy Sweety

Series A in 2021
Daddy Sweety is a company specializing in handcrafted toasts, which launched its first store in July 2016. With over 300 locations across the United States, the brand has become a prominent presence in major shopping malls. Daddy Sweety offers a diverse range of products, featuring its signature toast series that includes flavors such as original, chocolate, caramel, durian, egg yolk, brown sugar, and mochi. In addition to toasts, the company also produces cookies, macarons, cakes, and other baked goods. Notably, in 2020, Daddy Sweety set a Guinness World Record for "The Largest Baking Course," further solidifying its reputation in the food industry.

Wenheyou

Series A in 2021
Wenheyou is a Chinese food service company that operates a chain of customized food courts specializing in traditional Hunan spicy snacks and beverages. Its offerings include crawfish, red tea, stinky tofu, deep-fried skewers, breakfast pastries, and other trendy food items tailored to young consumers seeking unique dining experiences.

Nelo

Series A in 2021
food, beverage

Lepur

Venture Round in 2018
LePur is a hand-made yogurt brand established in 2015, focused on promoting a healthy lifestyle through its range of high-quality yogurt products. The company offers a variety of innovative flavors, including high-protein Greek yogurt and cereal, all crafted from fresh dairy and natural ingredients sourced globally. LePur prioritizes the use of genuine ingredients to enhance the purity and healthfulness of its offerings. By leveraging advanced cold chain logistics technology, the brand ensures that its products maintain their freshness and quality, allowing consumers to enjoy a wholesome yogurt experience.

Jiuhuar

Series A in 2018
Jiuhuar is a Chinese distribution company that focuses on exporting San Diegan craft beer. In addition to its distribution services, Jiuhuar operates an online platform that offers extensive information about craft beer, including ratings and reviews. The company aims to foster a vibrant craft beer culture in China by providing detailed insights into over twenty-three thousand craft beer selections, supported by more than two hundred thousand independent reviews. Through its efforts, Jiuhuar contributes to the growing appreciation of craft beer among Chinese consumers.

HeyTea

Series A in 2017
HeyTea is a Chinese tea shop that focuses on innovative beverages, particularly cheese-topped tea and fruit tea. Founded in 2012 in an alley by the riverside, the company initially operated under the name ROYALTEA before rebranding to HEYTEA. The franchise offers a diverse range of products, including instant milk tea, fruit tea, and traditional Chinese tea, aimed at providing customers with unique flavor combinations. Through its distinct offerings, HeyTea has established itself as a prominent player in the tea beverage market.

HeyTea

Series A in 2016
HeyTea is a Chinese tea shop that focuses on innovative beverages, particularly cheese-topped tea and fruit tea. Founded in 2012 in an alley by the riverside, the company initially operated under the name ROYALTEA before rebranding to HEYTEA. The franchise offers a diverse range of products, including instant milk tea, fruit tea, and traditional Chinese tea, aimed at providing customers with unique flavor combinations. Through its distinct offerings, HeyTea has established itself as a prominent player in the tea beverage market.

Lepur

Series A in 2015
LePur is a hand-made yogurt brand established in 2015, focused on promoting a healthy lifestyle through its range of high-quality yogurt products. The company offers a variety of innovative flavors, including high-protein Greek yogurt and cereal, all crafted from fresh dairy and natural ingredients sourced globally. LePur prioritizes the use of genuine ingredients to enhance the purity and healthfulness of its offerings. By leveraging advanced cold chain logistics technology, the brand ensures that its products maintain their freshness and quality, allowing consumers to enjoy a wholesome yogurt experience.

YAMI Network

Angel Round in 2015
YAMI Network is focused on establishing China's largest high-end food and beverage trading platform. The company has developed an application platform that offers customized meal event services, allowing users to submit requests for meal events. Upon receiving a request, YAMI Network arranges for a chef to prepare and serve a high-quality meal, providing customers with a convenient way to enjoy gourmet dining experiences. Through its innovative approach, the company aims to cater to the growing demand for premium culinary services in China.

Bamatea

Series A in 2013
Bamatea Co., Ltd. is a large-scale tea enterprise with the integration of a tea plantation base, production and processing, chain, and export. Bama tea originated from The Xinji Tea Shop a hundred years ago, and its boss, Wang Wenli, is a representative inheritor of intangible cultural heritage, as well as the 13th generation descendant of Wang Shirang, the man who discovered Tieguanyin tea. Bamatea owns and carries out its operations in three entities: Anxi Bama Tea Limited Company, Shenzhen Bama Tea Chain Limited Company, and Xiamen Bama Tea Limited Company. Currently, the company manages a tea base of over 50,000 mu and has an annual processing capability of 6,000 tons, with one of its factories, Longmen Processing Factory, being the most modern refinement processing factory of oolong and Tieguanyin in Asia. With close to 1,000 chain stores, Bamatea ranks second in China's tea industry.

Baosteel Packaging

Angel Round in 2012
Shanghai Baosteel Packaging Co., Ltd. is a prominent manufacturer based in Shanghai, China, specializing in can-making, iron printing, and the production of easy-open ends (EOE). The company produces steel cans, notably supplying products for clients in the food and beverage sectors, including major brands like Coca Cola. In addition to can production, Baosteel Packaging offers services related to UV metal color coating and printing, catering to the diverse needs of its industrial clients. As a subsidiary of Baosteel Metal Co., Ltd., the company plays a significant role in the packaging industry through its innovative manufacturing processes and commitment to quality.
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