DC

DragonBall Capital

Venture Capital

Corporate venture capital arm of Meituan, the Chinese food delivery and local services giant, investing in consumption, TMT, and advanced technology sectors.

Beijing, China · 4+ investments · 4 portfolio companies

Seed
Early Stage
Growth
Food & Beverage
Robotics
Semiconductors
Headquarters
Beijing, China
Founded
2017
AUM
$1.1B
Portfolio Companies
4
Total Investments
4
Last Investment
Sep 2025
Geographic Focus
China

Investment Thesis

DragonBall Capital (also known as Longzhu Capital) leverages Meituan's platform and ecosystem to back startups in consumption, TMT, robotics, and emerging technologies primarily in China.

DragonBall Capital is a Venture Capital firm based in Beijing, China. It has made 4 investments, including SmartMore, Beatbot and Yijiupi. Focus areas include Food & Beverage and Robotics.

Portfolio4

Co-investors24

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24 co-investors across 31 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×17 · Corporate VC ×3 · Growth Equity ×1 · 11 shared rounds

Investment History

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