What has CAS Capital invested in recently?

Recent investments include Fullcyro, FiveAges and SenseTime Medical. It made 4 investments in the last 12 months.

Where is CAS Capital based?

CAS Capital is headquartered in Beijing, China. It has 2 other offices.

How do I contact CAS Capital?

Partner names, emails and LinkedIn profiles for CAS Capital are on the Capital Atlas Pro and Team plans, which also draft outreach and track replies. Check the stages and cheque size above first, so you pitch a firm that fits your round.

CAS Capital

Venture Capital FirmBeijing, ChinaFounded 2018cascapital.cn

Est. dry powder

$507.4M

Raised, not yet invested

AUM

—

Not reported

Latest fund

$344.8M

Zhongke Guokong (Hefei) High-tech Fund

Est. cheque size

$3.4M–$17.2M

From fund sizes

Deals, last 12 months

Last seen investing Jun 2026

About CAS Capital

CAS Capital is a private equity firm based in Beijing, China. It is a captive arm of Chinese Academy of Sciences Holdings Co., Ltd. (CAS Holdings). The firm focuses on different investment strategies, such as fund of funds, venture and growth. It invests in a diversified range of industries, including business services, industrials, information technology, TMT, healthcare and raw materials in China.

Type: Venture Capital Firm
Headquarters: Beijing, Beijing, China
Stages: AngelSeedSeries ASeries BSeries CSeries DSeries EEarly Stage
Est. cheque size: $3.4M–$17.2M
Sectors: Information Technology, Raw Materials & Natural Resources, Diversified
Regions: Asia

Where they invest

From deals and portfolio companies on record

Most frequent rounds

Series A9
Series C3
Angel1
Pre-IPO1
Series B1

Across 24 deals

Portfolio sectors

Aerospace3
Materials3
Automobiles, Other Vehicles & Parts2
Electronics2
Hardware2

Across 24 companies

Portfolio countries

China24

Across 24 companies

Recent investments

Newest 5 of 24

Jun 2026
Fullcyro
Jun 2026 · Pre-IPO
Pre-IPO$147.2M—
May 2026
FiveAges
May 2026 · Series A
Series A—Shanghai Pudong Hi-tech Investment, China Venture Capital, Hongruida Capital, Fortera Capital +1
Apr 2026
SenseTime Medical
Apr 2026 · Series A
Series A$73.3MHuagai Capital, Lenovo Capital and Incubator Group, Lion Global Investors, Far East Horizon +3
Jan 2026
TuringQ
Jan 2026 · Unspecified Round
Unspecified Round—Haitong New Venture Capital, CDH Baifu Capital
May 2025
Huayon
May 2025 · Unspecified Round
Unspecified Round——

Offices

3 locations

Beijing, Beijing, ChinaHQ
Shenzhen, Guangdong, China
Shanghai, Shanghai, China

Questions about CAS Capital

How much does CAS Capital invest per deal?

Based on the size of its funds, CAS Capital writes estimated cheques of $3.4M–$17.2M. Lead cheques usually sit at the top of that range and follow-on cheques lower.

What stages does CAS Capital invest in?

CAS Capital has invested at Angel, Seed, Series A, Series B, Series C and Series D. Its most frequent rounds on record are Series A, Series C and Angel.

How much capital does CAS Capital have left to invest?

CAS Capital has an estimated $507.4M in dry powder: capital it has raised but not yet invested.

Similar investors in Asia

Shanghai State-owned Capital Investment Leading FundChina · Cheque $31M–$100M$8.4B dry powder Hui Hua FundChina · Cheque $81.1M–$100M$7.5B dry powder Yufu Capital