# Hidragon Capital

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

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Assets under management:** Undisclosed
- **Website:** www.hidragoncapital.com

## Regulatory record

- **Reports private funds:** No

## About

Hidragon Capital, dba Qianlong Investment, is a private equity fund managing company based in China. It has made 11 investments, including a 2021 investment in Baicare. The company has 2 portfolio exits, with Vigonvita being its most recent exit on November 06, 2025.

## Sectors

- Enterprise Software
- AI/ML
- Digital Health
- FinTech

## Questions

### What investment stages does Hidragon Capital typically target?

The firm focuses on early-stage venture, including seed, startup, and general venture rounds. It does not participate in growth-stage or late-stage deals. Its stage focus is narrower than many multi-stage private equity firms in China.

### Where does the underlying capital come from for Hidragon Capital?

The source of capital—whether institutional, family-office, or high-net-worth—is not publicly disclosed. The firm's wealth origin is not published, making it difficult to assess LP concentration or any single-family influence.

## Related profiles

- [Hidden Peak Partners](https://altss.com/profile/hidden-peak-partners)
- [High Fund](https://altss.com/profile/high-fund)

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

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