Private Equity

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Ondine Capital

Ondine Capital is a venture capital firm led by management and investment professionals from CICC Capital, JD.com, and MediaTek. The firm has made 34...

Ondine Capital logo

Ondine Capital

Ondine Capital is a venture capital firm led by management and investment professionals from CICC Capital, JD.com, and MediaTek. The firm has made 34 investments, including a Series A - IV investment in ZERON on March 12, 2026. Ondine Capital has one portfolio exit, Dekoruma, which exited on June 24, 2024.

General information

Firm type

Private Equity

Year founded

2018

AUM

Undisclosed

Location

Region

Asia

Country

China

City

Shanghai

Corporate office

Shanghai, China

Additional offices

Taipei, Taiwan · Singapore

Sector focus

Consumer TechEnterprise SoftwareMedia & Entertainment

Frequently asked questions

What geographies does Ondine Capital cover?

Ondine Capital focuses on Southeast Asia from its Shanghai headquarters. The firm also maintains offices in Taipei, Taiwan, and Singapore, suggesting a sourcing and support network spanning Greater China and the main Southeast Asian tech hubs. Its website emphasizes startups in the region's consumer technology sectors.

Which investment stages does Ondine Capital typically target?

Ondine Capital's strategy spans early-stage, seed, start-up, and expansion or late-stage venture capital, according to its recorded investment posture. It does not appear to participate in public-market or credit strategies based on available disclosures.

Is Ondine Capital a single-family office or a traditional venture firm?

Ondine Capital is classified as an asset manager, not a family office. Available records do not indicate a disclosed wealth origin tied to a single family, suggesting the firm operates as an independent venture capital investor rather than a dedicated family vehicle.

Does Ondine Capital invest only in direct deals or also in funds?

Public disclosures from Ondine Capital's website describe direct venture capital investment activities. There is no mention of fund-of-funds commitments, limited partner positions in other firms, or secondary-market strategies in the available record.

What sectors does Ondine Capital explicitly target?

The firm names consumer technology as its primary domain, specifically calling out retail, education, logistics, and general TMT. Available materials do not indicate investments in deep tech, biotech, or hard infrastructure.

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