Foison Capital

Foison Capital

Foison Capital was founded in Beijing by Hao Liu to invest in early-stage Chinese technology companies. The firm concentrates on enterprise software, industrial technology, artificial intelligence, and climate-related sectors — areas where founders are building infrastructure for China's industrial modernization rather than consumer internet applications. The firm runs a concentrated early-stage strategy, typically leading or co-leading seed and Series A rounds with initial checks that establish it as a first institutional investor. Portfolio construction favors deep engagement with a small number of companies rather than broad index-style exposure. Known investments span industrial automation platforms, vertical SaaS tools for manufacturing supply chains, and AI-driven robotics. The geographic focus remains mainland China, though several portfolio companies maintain go-to-market operations in Southeast Asia. Foison Capital operates with a lean team based in Beijing. As of mid-2026, the firm has not publicly disclosed assets under management or total deployment figures, consistent with the privacy norms of many early-stage China-focused managers. The firm has not announced adjacent vehicles such as growth-stage funds, sector-specific funds, or philanthropic structures. Unlike the multi-strategy platforms that dominate Chinese private equity, Foison Capital stays deliberately narrow in mandate. The firm does not operate a hedge fund, a credit vehicle, or a secondaries program. Its architecture — a single-product early-stage equity fund without a sprawling asset-gathering apparatus — means the GP's incentives are tightly aligned with a small base of limited partners who value concentrated technology exposure over diversification.