Langtaosha Venture Capital

Founding Partner Feng Tao leads the investment committee, with Partner Cui Jingxiang serving alongside him. The firm operates a concentrated partnership model where both principals are directly involved in sourcing, diligence, and portfolio company governance. All investment decisions require consensus within the small partnership group.

Langtaosha concentrates on Series A and Series B rounds, where portfolio companies have developed working technology and secured initial enterprise customers but require capital and operational support to scale go-to-market execution. The firm generally avoids seed-stage science projects and late-stage pre-IPO rounds, focusing on the commercialization inflection point where technical risk has been substantially reduced.

The firm has historically avoided consumer internet, content platforms, fintech lending, and real estate technology — verticals that dominated Chinese venture capital during the 2014-2021 cycle. Instead, Langtaosha allocates exclusively to enterprise-facing deep technology, including semiconductor design, industrial robotics, enterprise SaaS, and AI infrastructure software.

Langtaosha operates as a pure direct-investment platform, writing equity checks directly into portfolio companies rather than committing capital to third-party venture funds. The firm does not operate a fund-of-funds program or participate in club-deal syndicates led by other GPs.

The firm sources primarily through the founding partners' technical networks, which include relationships with research institutions such as Tsinghua University and the Chinese Academy of Sciences. Langtaosha also cultivates founder referrals from within its existing portfolio, particularly repeat entrepreneurs who previously built companies in the firm's core enterprise technology sectors.