Waterdrip Capital

General contacts
Investor type

VC

Founded

2017

AUM

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Location

Shanghai, Shanghai, China

Investment Ticket

$1-5 m

Investment Stage

Series B Series A Seed Pre-seed Late Stage (Series C+)

Region of investment

North America South America Europe Asia
Investor profile last updated: 21 August, 2026

Profile

Waterdrip Capital is a venture capital firm based in China, officially established in 2017 with investments from early participants in the blockchain industry. It is led by a team of co-founders including YuShan Zheng, Jerry Liu, Peicai Li, and Wancai Li, each of whom bring extensive experience in blockchain, investment, and technology. What sets the firm apart is its deep engagement in sectors like blockchain, AI, and Web3, focusing on maintaining open and verifiable intelligence systems globally.

The firm primarily invests in sectors such as AI, high-performance computing, blockchain, and compliant finance, supporting over 200 innovative projects worldwide. Waterdrip Capital is known for its investments in key areas including the Bitcoin ecosystem and decentralized physical infrastructure. It operates globally but has significant roots in the Chinese tech and blockchain sectors.

Prominent companies in Waterdrip Capital's portfolio include Polkadot - blockchain network, Cosmos - blockchain interoperability, BitShares - decentralized exchange, Filecoin - decentralized storage network, and Metis - layer 2 platform. The firm continues to lead investments in innovative blockchain projects aiming at technological advancements in the digital economy.

Industry

Fintech Financial Services Hardware Internet and Web Services IT Services SaaS Software Blockchain/Crypto AI Technology CleanTech Cloud Cybersecurity Internet of Things (IoT)

Contacts

Name
Title
Email
Social Networks
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Tracy Shi Managing Partner
Managing Partner
t•••@•••
LinkedIn
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YuShan Zheng Co-founder & Managing Partner
Co-founder & Managing Partner
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LinkedIn
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FAQs about Waterdrip Capital

Waterdrip Capital is a venture capital firm. It backs companies at Series B, Series A, Seed, Pre-seed and Late Stage (Series C+), writing tickets of $1-5 m.
Waterdrip Capital is located in Shanghai, Shanghai, China.
Waterdrip Capital was founded in 2017.
Waterdrip Capital invests in companies and startups in Fintech, Financial Services, Hardware, Internet and Web Services, IT Services, SaaS, Software, Blockchain/Crypto, AI, Technology, CleanTech, Cloud, Cybersecurity, Internet of Things (IoT).
Waterdrip Capital invests in companies and startups in North America, South America, Europe, Asia.
Waterdrip Capital invests in companies and startups at Series B, Series A, Seed, Pre-seed, Late Stage (Series C+).
Waterdrip Capital usually invests $1-5 m on average.
Waterdrip Capital can be reached through its website waterdrip.io, its LinkedIn page and its X account. 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 Waterdrip 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.
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 Waterdrip Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
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.