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MiraclePlus
MiraclePlus operates a seed-stage accelerator program out of Beijing and Hong Kong. Lu Qi, a Carnegie Mellon Ph.D.
MiraclePlus
MiraclePlus operates a seed-stage accelerator program out of Beijing and Hong Kong. Lu Qi, a Carnegie Mellon Ph.D. and former senior executive at Yahoo, Microsoft, and Baidu, leads a partnership that includes serial entrepreneur Luan Yunming, two-time Y Combinator alumnus Cao Xuwen, and former Panda Capital co-founder Mao Shengbo. The firm does not publish its founding year, AUM, or total deployment, but its model is funded by a core LP base that enables it to write initial checks into each admitted startup cohort. The accelerator runs a three-month batch cycle centered on weekly closed-door suppers with veteran operators — past speakers include ByteDance founder Zhang Yiming and NIO founder Li Bin — and biweekly group office hours. The team helps founders navigate company registration, IP strategy, and early hiring. MiraclePlus claims it will not interfere with operations or board control, offering what it calls a "win-win" model that prioritizes independent decision-making by founders. Its website emphasizes direct, hands-on product feedback rather than passive capital deployment, and the firm maintains a dedicated government-relations function to help portfolio companies access local incentives. Confirmed sectors span AI, large models, enterprise software, and deep tech, though the firm does not publish a full portfolio roster. A full-time team of nine is supplemented by a large rotating internship program and a remote fellow network of over 300 master's and Ph.D. students from schools such as Tsinghua, Stanford, MIT, and Cambridge. The headcount figure comes from named roles on the firm's team page. The program culminates in a two-day Demo Day during the tenth week, where startups present to an invited group of investors and media. No recent fund close, AUM disclosure, or individual portfolio company names were verifiable at the time of record, leaving the firm's total scale opaque to outside allocators (moat_notes flags this). MiraclePlus is structurally distinct from a conventional venture fund: it operates as a high-touch accelerator with a permanent, closed-door alumni network that its website claims has grown large enough to serve as a distributed testing, hiring, and business-development resource for new batches. Adding a government-relations partner on a full-time basis — listed as Zhang Danfeng — signals an explicit regulatory navigation capability unusual for a seed-stage program, reflecting the operating reality of founding a company in mainland China.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Beijing
Corporate office
6th Floor, Zhiyuan Building, No. 150 Chengfu Road, Haidian District, Beijing, China
Additional offices
Central Hong Kong, China
Principals
Lu Qi
Chief Executive Officer
Luan Yunming
Partner
Cao Xuwen
Partner
Mao Shengbo
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at MiraclePlus?
The full-time partnership — Lu Qi, Luan Yunming, Cao Xuwen, and Mao Shengbo — evaluates applications and conducts in-person interviews in Beijing before making funding decisions. The firm states it gives suggestions but does not force teams to adopt them, and specifically disclaims any intent to control portfolio companies.
How does MiraclePlus source startups?
Founders apply directly through an online form on the firm's website. Selected teams are invited to Beijing for interviews. MiraclePlus then admits a batch and invests initial funding in exchange for a small equity stake. The firm's closed-door alumni network and its extended fellowship of 300-plus researchers across 20 countries also function as a sourcing channel.
Is MiraclePlus a venture capital fund or an accelerator?
It is an accelerator structured as an asset manager. Unlike a traditional VC fund that makes follow-on bets across stages, MiraclePlus concentrates its resources on a single seed check and a three-month program built around weekly operational mentorship, a closed-door speaker series, and a culminating Demo Day. It does not seek board seats or operational control.
Does MiraclePlus participate in fund commitments or only direct deals?
MiraclePlus writes direct checks exclusively into the startups accepted into its accelerator batches. Its public materials make no mention of fund-of-funds commitments or investments in other venture capital vehicles.
What is the relationship between MiraclePlus and Y Combinator?
MiraclePlus partner Cao Xuwen was a founder in Y Combinator twice, and his second startup was acquired by Microsoft. MiraclePlus's batch-based, Demo Day-anchored structure is patterned on the YC model, but the firm operates independently with an emphasis on the mainland China regulatory and market environment, including a full-time government-relations function.
Where does MiraclePlus's capital come from?
The firm does not publicly disclose its LP base or its total assets under management. Its AUM and funding source remain opaque. The accelerator model is internally funded, deploying initial checks from its own balance sheet into each cohort.
Does MiraclePlus maintain any philanthropic or fellowship programs?
Yes. The MiraclePlus Fellow Program is a remote, part-time initiative for young researchers, with over 300 participants from universities including Stanford, MIT, and Tsinghua, and from companies such as Google and NVIDIA. It functions as a talent community and sourcing funnel rather than a 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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