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LightHouse Capital Management
LightHouse Capital Management is a venture capital fund focused on investments in China and the United States. The firm has made 26 investments, including a...
LightHouse Capital Management
LightHouse Capital Management is a venture capital fund focused on investments in China and the United States. The firm has made 26 investments, including a Seed VC investment in HiStarlink on October 17, 2024. LightHouse Capital Management has facilitated three portfolio exits, with Quna exiting on May 27, 2024.
General information
Firm type
Private Equity
Year founded
2019
Location
Region
Asia
Country
China
City
1003 Lausanne
Corporate office
Shanghai, China
Principals
Minglie Hu
Partner
Zhe Li
Founding Partner, President
Qianqian Yang
Partner
Gang Qin
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at LightHouse Capital Management?
Four named partners lead the firm: founding president Zhe Li, Minglie Hu, Qianqian Yang, and US-based Gang Qin. Li shaped the early portfolio with bets on DJI and Hesai. Yang covers internet consumer and culture deals. Qin manages US sourcing and board roles from Silicon Valley, while Hu oversees the firm alongside his role as CEO of a Hong Kong-listed manufacturing company.
How does LightHouse source deal flow across China and the US?
The Shanghai partnership originates domestic hardware and internet deals, while Gang Qin runs a dedicated US origination effort from California — covering Silicon Valley, Los Angeles, Seattle, and Pittsburgh. The firm does not operate a scouting network or accelerator. Cross-border sourcing flows through the same four-partner investment committee.
Does LightHouse manage RMB or USD funds?
Both. The firm has raised and managed at least two RMB-denominated vehicles and one USD fund. The USD vehicle supports the US portfolio, while the RMB funds back domestic Chinese companies.
Is LightHouse a single-family office or a venture capital firm?
It is a venture capital firm, not a family office. It manages pooled third-party capital through distinct RMB and USD fund vehicles rather than a single-family balance sheet.
Which portfolio companies are most central to LightHouse's track record?
The two signature bets are DJI, the global drone manufacturer, and Hesai Technology, a lidar producer whose systems are used in autonomous vehicles. The firm's website states these and other holdings have driven the aggregate portfolio market capitalization above USD $10 billion.
What stage of investment does LightHouse typically target?
Seed, start-up, and early-stage venture. The firm does not publicly disclose growth-stage or late-stage participation beyond its initial entry points.
Does LightHouse maintain philanthropic structures alongside the investment firm?
Partner Minglie Hu is personally involved in charitable foundations in Ningbo and Hong Kong, focused on elderly care and child welfare. These are separate personal commitments; the firm does not publish a dedicated philanthropic vehicle.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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