About us

Blue Lake Capital adopts a unique investment approach driven by deep research and industry know how. The fund was founded by Mr. Ray Hu in 2014. The investment team consists of experienced venture capital investors, successful entrepreneurs, experts with industry operations background and other talents. Focusing on the innovations in China’s digital transformation, Blue Lake mainly invests in enterprise software and advanced manufacturing start-ups.

Blue Lake Capital currently manages both USD and RMB denominated funds. Our investor base is primarily global institutions with a long-term vision, including top U.S. university endowments, non-profit foundations, sovereign wealth funds, established family offices as well as successful entrepreneurs.

Since its inception, Blue Lake Capital has invested over 100 companies, more than 20 of which have become industry leaders, including Jushuitan (JST)(06687.HK), Yiheda Automation (301029.SZ), Chaozhuo Aviation (688237.SH), Momenta, Zelos, Moka, Zhenyun Technology and Cloud Helios. The portfolio companies have raised over RMB20 billion over the years in follow-up financing rounds. To date, Blue Lake Capital has been named as one of the “TOP 50 Best Foreign Venture Capital Firms in China” of CVAwards for a total of ten times.

Honors & Awards

2025

IPO Morning Post

ESG Best Investment Institution

36Kr

ESG Best Investment Practice

Cyzone

ESG Best Practice VCs

Cyzone

TOP 100 Admirable VCs in China

FOFWEEKLY

TOP 100 GPs – New Quality Productive Forces Soft Power Ranking

FOFWEEKLY

TOP 30 Investment Institutions in Market Influence – New Quality Productive Forces Soft Power Ranking

2024

Cyzone

Most Admirable VCs in China

Cyzone

ESG Best Practice VCs

Cyzone

TOP 25 Admirable VCs in Overseas Business Ecology

FOFWEEKLY

TOP 100 GP by Soft Power of VCs in New Quality Productive Forces

FOFWEEKLY

TOP 20 GP in Value Creation by Soft Power of VCs in New Quality Productive Forces

36Kr

TOP 100 VCs in Equity Investment in China

TMTPOST

TOP 20 VCs on the List of Investment Pioneer

TMTPOST

TOP 20 VCs in Advanced Manufacturing on the List of Industry Pioneer

TMTPOST

TOP 10 VCs in ESG area on the List of Ecological Pioneer

CVINFO

Top 50 Best Foreign-funded VCs in China

2023

JAZZYEAR

TOP 10 Pioneer VCs in Deep Technology

Cyzone

Most Admirable VCs in China

Cyzone

ESG Best Practice VCs

Cyzone

TOP 20 Admirable VCs in Overseas Business Ecology

FOFWEEKLY

Top 20 VCs by Soft Power (Service Enpowerment)

THE FIRST NEW VOICE

Top 30 Most Active VCs

CVINFO

Top 50 Best Foreign-funded VCs in China

36Kr

Top 100 Most Popular VCs Among Entrepreneurs in China

2022

CVINFO

Top 50 Best Foreign-funded VCs in China

36Kr

Top 100 Most Popular VCs Among Entrepreneurs in China

PREQIN and BPEA (Beijing Private Equity Association)

No. 1 in the “Ranking of Returns of Private Equity and Venture Capital USD Funds in Greater China”

Cyzone

Top 100 Most Admirable VCs in China

FOFWEEKLY

Top 20 VCs by Soft Power (GP) (Market Influence)

THE FIRST NEW VOICE

Top 20 VCs in Enterprise Service Sector in China

2021

EqualOcean

Top 10 VCs in Intellectual Manufacturing in China

EqualOcean

Top 10 Early VCs in Technology in China

EqualOcean

Global Innovation Awards

FOFWEEKLY

Top 20 Most Popular VCs among Limited Partners in Enterprise Services

2020

CVINFO

Top 50 Best Foreign-funded VCs in China

CVINFO

Top 100 Best VCs in China

2019

CVINFO

Top 50 Best Foreign-funded VCs in China

36Kr

Top 50 Most Popular VCs Among Entrepreneurs in China

36Kr

Top 50 Most Valued VCs Among Limited Partners in China

36Kr

Top 10 Most Discerning VCs in Advance Manufacturing in China

36Kr

Top 10 Most Discerning VCs in Enterprise Services in China

2018

36Kr

Top 50 Most Popular VCs Among Entrepreneurs in China

36Kr

Top 50 Most Popular VCs Among Limited Partners in China

CVINFO

Top 50 Best Foreign-funded VCs in China

2017

36Kr

Top 50 Most Popular VCs Among Entrepreneurs in China

36Kr

Top 50 Most Valued VCs Among Limited Partners in China

CVINFO

Top 50 Best Foreign-funded VCs in China

CVINFO

Top 10 Best Investment Cases in China’s Artificial Intelligence and Big Data Industry

YiMagazine

“Top 50 VCs in China”

2016

CVINFO

Top 50 Best Foreign-funded VCs in China

CVINFO

Top 10 Best VCs in China

China Renaissance

Top 10 Emerging VCs

36Kr

Top 10 Emerging VCs

Zero2IPO Group

Top 20 Emerging Equity Investment Funds in China

2015

CVINFO

Emerging VC

Beijing News

Top 50 Best Foreign-funded VCs in China

2014

CVINFO

Top 50 Best Foreign-funded VCs in China