Ihang Capital

Ihang Capital invests across seed and growth stages within the same mandate. The firm writes initial checks at the prototype and founding-team stage and follows on through Series B and later commercial-scaling rounds, concentrating on enterprise software, AI, industrial automation, and mobility infrastructure.

The firm's portfolio concentrates on China's Yangtze River Delta — primarily Hangzhou, Shanghai, and the broader Zhejiang province ecosystem — with additional exposure to technology companies in Shenzhen and Beijing. Deal sourcing reflects the density of technical founder networks in these corridors.

Ihang Capital sources through long-tenured networks in Zhejiang's technology and manufacturing clusters, leveraging proximity to the Hangzhou startup ecosystem and Shanghai's financial infrastructure. The firm does not publicly disclose a formal LP advisory board or systematic co-investor program.

Ihang Capital operates as a private equity firm that spans venture-stage and growth-stage investing within a single platform. The stage-agnostic structure allows capital deployment from pre-revenue through commercial expansion without the fund-line segmentation typical of larger Chinese PE firms.

The firm's disclosed strategy emphasizes direct equity investments in operating companies. There is no public record of fund-of-fund commitments or third-party GP allocations.