Longzhu Capital

Longzhu Capital is an investment firm.

Active

Updated: Mar 14, 2026 ·

About

Longzhu Capital is a venture capital firm that also operates as the corporate venture capital arm of Meituan-Dianping, an internet technology company. It is also known as Dragonball Capital and the Meituan-Dianping Industry Fund. The firm has been reported to be based in both Beijing and Changsha, China, indicating its operational presence within the country.

As an investment entity, Longzhu Capital participates in financing rounds for various startups. For instance, it has invested in companies such as Snapmaker, participating in its Series B financing round, and previously provided funding to the FMCG B2B platform Zskuaixiao.com.

Financial History

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Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 11, 2026	Zhiran Medical	$43.4M Series A	CAS Star	Apricot Capital, Baidu Ventures, Beijing Medical and Health Industry Investment Fund, BioVenture, IDG Capital, Jiayin Capital, Legend Capital, Lenovo Capital and Incubator Group (LCIG), Sequoia Capital, Shunwei Capital
Feb 11, 2026	Galaxea AI	$144.7M Series B	Jinding Capital	BAIC Capital, Capital Today, Cathay Capital, Hillhouse Capital, Hone Capital, InnoVen Capital, Loyal Valley Capital, Qianhai Ark Capital, Xianghe Capital

Financial History

Total Raised

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Valuation

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Deep Dive

Longzhu Capital is a venture capital firm actively engaged in the investment landscape, particularly within China. The firm is recognized for its role in providing capital to emerging companies and supporting their development through strategic investments. Its operational model includes functioning as a corporate venture capital entity.

Notably, Longzhu Capital is identified as the corporate venture capital arm of Meituan-Dianping, a prominent internet technology company. It is also referred to as Dragonball Capital and the Meituan-Dianping Industry Fund, highlighting its close integration with its parent organization's strategic objectives and industry focus.

The firm's headquarters location has been reported with some variation, with evidence pointing to both Beijing, China, and Changsha, Hunan, China. This suggests a significant operational footprint across different key economic centers within the country, enabling it to engage with a diverse range of startups.

Longzhu Capital has demonstrated its investment activity through participation in various funding rounds. Examples include its involvement in the Series B financing round for Snapmaker, a company known for its modular 3D printers, alongside other investors. Additionally, the firm provided funding to the FMCG B2B platform Zskuaixiao.com in 2017.

Internally, Longzhu Capital maintains a lean team structure. Publicly available information indicates the presence of at least one current employee profile, a Managing Director and Head of Medical, and one board member or advisor, contributing to its investment decision-making and strategic direction.

Sources

Frequently Asked Questions

By what other name is Longzhu Capital known?

Longzhu Capital is also known as Dragonball Capital, reflecting an alternative designation used for the firm.

Where is Longzhu Capital primarily based?

Longzhu Capital has been reported to be based in both Beijing, China, and Changsha, Hunan, China, indicating its presence in multiple Chinese cities.