Fengrui Capital

Fengrui Capital is a venture capital firm that invests in early-stage startups across the consumer internet, education, and deep technology sectors. The organization initially focused on new consumption and internet finance before strategically shifting its investment focus toward interdisciplinary fields and advanced hardware technologies. Operating within the broader Asian market, the firm actively monitors global market liquidity shifts and emerging Hong Kong IPO trends to guide its portfolio allocation. Recently, the firm led an angel round financing worth tens of millions of yuan for the spatial intelligence and 3D reconstruction hardware startup Zhuma Innovation. The organization's executive leadership draws on prior institutional experience from prominent financial entities such as IDG Capital and Huaxing Capital. Fengrui Capital was founded in 2015 by Li Feng alongside a team of investors who spun out from IDG Capital.