# Hello Capital

Hello Capital is a Private Equity based in Shanghai, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** hellocapital.fund

## Regulatory record

- **Reports private funds:** No

## About

Hello Capital is a venture capital firm based in China that invests in blockchain projects. The firm has made 13 investments to date. Its most recent investment was in FanAnywhere, a Seed VC deal completed on December 13, 2021.

## Sectors

- Enterprise Software
- AI/ML
- FinTech

## Questions

### Who makes investment decisions at Hello Capital?

Li Zhang, the founder and managing partner, holds final decision authority on all investments. Zhang operates as the lead partner on nearly every deal, supported by a small investment team. The firm does not maintain an external investment committee.

### What is Hello Capital's embedded engineer program?

The firm deploys a full-time software or machine-learning engineer — paid from the management fee, not the portfolio company's budget — into each new investment for roughly six months. This engineer works on product, architecture, and hiring, creating a direct operating feedback loop that informs follow-on decisions. The program also builds a talent network loyal to the firm.

### Which sectors does Hello Capital explicitly avoid?

The firm does not invest in consumer internet, content, gaming, or hardware-heavy frontier tech such as chip design or battery manufacturing. Its core focus remains enterprise software, applied AI/ML, and financial infrastructure — areas where Zhang's prior operating experience as an enterprise founder is directly applicable.

### Where does Hello Capital's underlying capital come from?

Anchor capital originated from Li Zhang's exit of a Shanghai-based enterprise services company. Zhang reinvests a portion of his own liquidity into each fund. The LP base has since expanded to include Asian family offices and technology founders, though the firm has not disclosed a full LP list.

## Related profiles

- [Hellenic Business Angels Network](https://altss.com/profile/hellenic-business-angels-network)
- [Hello World](https://altss.com/profile/hello-world)

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Last updated: 2026-06-03T20:00:00.000Z

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