# In Capital

In Capital is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** yueyinvc.com
- **LinkedIn:** linkedin.com/company/being-capital

## Regulatory record

- **Reports private funds:** No

## About

In Capital is a venture capital firm founded in 2008 in Hangzhou, China. It invests in startups, focusing on technology industrialization and industry digitization. The firm has made 88 investments, including a Seed VC in Ziming Low Temperature on October 21, 2022.

## Questions

### What investment stages does In Capital cover?

In Capital spans the entire venture lifecycle — seed, start-up, early-stage, growth, late-stage expansion, and pre-IPO rounds. The firm also participates in PIPE (private investment in public equity) transactions. This end-to-end coverage is unusual in China's venture market, where most managers specialize in a single stage band. The structure allows portfolio companies to receive follow-on capital from the same sponsor across multiple funding rounds.

### Does In Capital participate in fund commitments or only direct deals?

Public sources describe In Capital as a direct investor deploying equity into portfolio companies rather than operating as a fund-of-funds. The firm's mandate covers direct venture rounds from seed through pre-IPO, along with PIPE transactions. There is no public indication that In Capital commits to third-party venture funds as a limited partner, though the opaque disclosure environment means some indirect exposure cannot be ruled out.

### Which sectors does In Capital explicitly target?

In Capital operates as a venture generalist rather than a single-sector specialist. Public descriptions point to consumer technology, enterprise services, and industrial innovation as core verticals. This multi-sector mandate broadens the origination funnel beyond what a dedicated sector fund can access, though it also requires deeper diligence bandwidth per vertical. No explicit sector exclusions are stated in the public record.

## Related profiles

- [Inbio Ventures](https://altss.com/profile/inbio-ventures)
- [InCapital](https://altss.com/profile/incapital)

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

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