Milestone Capital

Founder Gai Hongbo and Managing Partner Wang Bengang lead the investment team. Both have operating backgrounds in securities and executive search and serve on the boards of multiple portfolio companies. Their prior shared experience at CITIC Securities in corporate finance and M&A shapes the firm's analytical framework.

Milestone Capital concentrates on seed and early-stage venture, acting as the lead investor in most transactions. The firm also follows selected companies into growth rounds, but its core focus remains the initial institutional check for Shandong-based technology startups.

Deal flow is generated through the firm's deep regional roots. Gai Hongbo and Wang Bengang maintain formal advisory roles with multiple government-affiliated technology incubators under the Torch High Technology Industry Development Center, creating a proprietary view into early-stage commercial innovation emerging from Qingdao and the broader Shandong industrial ecosystem.

The firm explicitly invests in technology companies and avoids asset-heavy industries outside its core competencies. Its portfolio indicates a preference for companies with defensible intellectual property in electronics, advanced materials, and precision manufacturing, rather than consumer internet or business-model-driven enterprises.

Milestone Capital operates as a private equity asset manager, not a family office. The firm manages third-party capital through a venture capital fund structure focused exclusively on technology companies in Shandong province.