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BA Capital

General contacts

Investor type

VC

Founded

2016

AUM

$225 M

Location

Shanghai, Shanghai, China

Investment Ticket

$10-50 m

Investment Stage

Seed Series A

Region of investment

Asia

Investor profile last updated: 21 August, 2026

Profile

BA Capital is a Shanghai-based venture capital firm founded in 2016 by managing partners David He and Michael Zhang. The firm specializes in investments within the consumer sector, leveraging deep industry expertise and resources. BA Capital is distinct due to its exclusive focus on consumer investments and its strong network within the industry. With a team dedicated to excellence and independence, the firm aims to create value by supporting innovative consumer-driven businesses.

BA Capital focuses its investments on consumer sectors including food and beverage, fast fashion, luxury goods, and retail. The firm typically invests in early-stage ventures and has committed capital to companies such as tea brand HeyTea, coffee chain M Stand, and fashion company Urban Revivo. The firm manages a total of $225 million under its second fund, BA Capital Fund II, in addition to its previous investments.

Notable investments by BA Capital include Pop Mart - a Hong Kong-listed toy maker known for viral plush toys, Laopu Gold - a luxury jewelry brand, and Yuanji Food Group, which operates thousands of dumpling shops. BA Capital also participated in the growth support of Brompton, a British bike manufacturer, alongside Decathlon Pulse.

Industry

Consumer Products Consumer Services (B2C) Fashion/Beauty Food and Beverage Retail

BA Capital Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
BA Capital Fund II	Venture Capital (VC)	Consumer Products Consumer Services (B2C)	Seed Series A	Asia	$10-50 m	$225 M	July 2026

Contacts

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Investment-team contacts for BA Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about BA Capital

Is BA Capital a venture capital or private equity firm?

BA Capital is a venture capital firm. It backs companies at Seed and Series A, writing tickets of $10-50 m.

Where is BA Capital located?

BA Capital is located in Shanghai, Shanghai, China.

When was BA Capital founded?

BA Capital was founded in 2016.

What sectors and industries does BA Capital invest in?

BA Capital invests in companies and startups in Consumer Products, Consumer Services (B2C), Fashion/Beauty, Food and Beverage, Retail.

What is BA Capital geographical focus of investments?

BA Capital invests in companies and startups in Asia.

At what stages of companies and startups does BA Capital typically invest in?

BA Capital invests in companies and startups at Seed, Series A.

What is the usual amount of BA Capital investment?

BA Capital usually invests $10-50 m on average.

What is the amount of assets of under management (AUM) for BA Capital?

BA Capital has around $225m assets under management.

When was BA Capital last fund created?

BA Capital last fund was created/launched in 2026-07-22

What are the contacts of BA Capital?

BA Capital can be reached through its website ba-capital.com.cn. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for BA Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access BA Capital data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query BA Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the BA Capital profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 21 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.