# Sanpei Ventures

Sanpei Ventures is a Venture Capital based in Shanghai, China.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** sanpei.vc
- **LinkedIn:** https://www.linkedin.com/company/sanpei-ventures

## Regulatory record

- **Reports private funds:** No

## About

Sanpei Ventures is a private equity firm based in Shanghai, China. It focuses on venture capital investments. The firm has a team of six employees.

## Sectors

- Enterprise Software
- AI/ML
- Robotics & Automation
- Digital Health
- AgriTech & FoodTech
- Energy Transition & Renewables

## People

- Luo Yu — Founding Partner
- Mao Juelie — Partner

## Questions

### Who runs investment decisions at Sanpei Ventures?

Founding Partner Luo Yu and Partner Mao Juelie lead the firm's investment committee. The partnership structure is intentionally small, with both principals directly involved in sourcing, diligence, and portfolio management across all deals.

### What investment stages does Sanpei Ventures target?

Sanpei concentrates on seed and Series A rounds, with occasional follow-on participation into later stages for portfolio companies. The firm's deep-tech focus means initial checks are sized to fund 18- to 36-month technical development runways before companies reach commercial validation milestones.

### Which sectors does Sanpei explicitly avoid?

Sanpei does not invest in consumer internet, marketplace, or advertising-technology businesses. The firm's thesis explicitly excludes asset-light software models that lack defensible technical moats or hardware dependencies. Pure business-model innovation without underlying engineering IP falls outside the mandate.

### Does Sanpei participate in fund commitments or only direct deals?

Sanpei invests directly into operating companies and does not publicly operate as a fund-of-funds. The firm's limited-partner base and fund structures are not publicly disclosed, but deployment activity observable in company registries reflects direct equity positions rather than GP commitments.

### How is Sanpei Ventures' approach to deep tech different from China's state-guided funds?

Unlike state-guided vehicles that carry technology-transfer mandates, industrial-policy objectives, or regional employment requirements, Sanpei operates as an independent financial investor. This allows the firm to back companies purely on commercial and technical merit without needing to align investment decisions with government five-year-plan priorities.

## Related profiles

- [Sankofa Innovation Fund](https://altss.com/profile/sankofa-innovation-fund)
- [Sanren Capital](https://altss.com/profile/sanren-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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