# Shennong Capital

Shennong Capital is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2016
- **Assets under management:** $50M–$150M (Altss estimate)
- **Website:** shennongcapital.com
- **LinkedIn:** https://www.linkedin.com/company/shennong-capital

## Regulatory record

- **Reports private funds:** No

## About

Shennong Capital is a professional investment management company based in China's capital market. It has made one investment to date. Shennong Capital invested in Dingci Electronics as part of their Series A - II on March 10, 2023.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- Robotics & Automation
- Digital Health
- AgriTech & FoodTech
- Mobility & Transportation

## People

- Zhu Yong — Founding Partner

## Questions

### How does Shennong source proprietary deal flow?

Shennong's pipeline draws heavily on Zhu Yong's network within China's computer vision and NLP research communities, including relationships seeded during his tenure at Baidu's Institute of Deep Learning and Microsoft Research Asia. The firm also benefits from co-investor referrals through funds like Sinovation Ventures and ZhenFund, though it does not operate a formal scout network or incubator program.

### What investment stages does Shennong typically target?

The firm concentrates on seed and start-up rounds, occasionally participating in Series A follow-ons for existing portfolio companies. Shennong does not pursue growth equity, pre-IPO, or buyout transactions, maintaining a mandate that stays within the first institutional round through early-scale phase.

### Which sectors does Shennong explicitly avoid?

Shennong has not publicly disclosed a negative sector screen, but its portfolio pattern shows consistent avoidance of consumer internet, gaming, social media, and content platforms. The firm's investments cluster tightly around enterprise software, industrial automation, and applied AI — sectors where the founding partner's technical background provides an evaluative edge.

## Related profiles

- [Shengyin Asset Management](https://altss.com/profile/shengyin-asset-management)
- [Shenyang Aviation Industry Investment Fund Management](https://altss.com/profile/shenyang-aviation-industry-investment-fund-management)

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

Canonical page: https://altss.com/profile/shennong-capital

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