Future Capital


Future Capital Discovery Fund ("Future Capital") was founded in 2014 by prominent Chinese serial entrepreneur Mingming Huang. Future Capital invests in seed stage, early stage and early growth stage private technology companies. The firm is primarily focused on the enterprise tech sector and selectively invests in revolutionary consumer technologies. The firm is well-known as one of the first venture capital funds to specialize in China's enterprise technology sector.

Future Capital employs a thematic research approach in identifying trends and opportunities ahead of peers. By staying focused in targeted verticals, the firm has not only built strong expertise but also a strong network of experts and founders. The firm’s strategy is validated by its investment track record and clearly identified category leaders across its portfolio. Portfolio companies include Li Auto (NASDAQ: LI), Niu Technologies (NASDAQ: NIU), Newborn Town (HKG: 9911), Sensors Data, PingCAP and Narwal Robotics, amongst others.

Future Capital has been recognized as the “Top 10 Best Performing Venture Capital Firms” (ChinaVenture, 2020), “Top 20 Digital Transformation Sector Specialists” (ChinaVenture, 2020), “Top 100 VC Investors” (Forbes, 2020), Forbes Midas Brink List (Forbes, 2021), “Top 20 China Enterprise Technology Investment Firm” (2021, 36Kr), and “Top 10 China’s Most Admired Early-Stage Venture Capital Firms” (2021, ZY Zone).


Murong Yang
Murong Yang Managing Director Future Capital
Howard Wong
Howard Wong Associate Future Capital