Investments
47Portfolio Exits
10Funds
6About Hejun Capital
Hejun Capital is the investment arm of Hejun Group, a management consulting group. Hejun Capital engages in venture capital, private equity, and more.

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Latest Hejun Capital News
Mar 13, 2018
The collaborative robot firm Jaka (节卡) has closed a 60 million yuan A-plus round from F&G Venture. It previously secured 15 million yuan in a Series A round from Hejun Capital in March 2016. Founded in 2014, JAKA operates an R&D center in Shanghai and a manufacturing plant in Jiangsu. Its business consists of three parts: robots, intelligent system integration and production digitization. The financing will be used to accelerate product supply and expand sales channels, said LI Mingyang, founder and chairman of JAKA. So far, JAKA’s collaborative robots have been put to use extensively in such industries as food, chemical fiber and machining. The company is seeking to penetrate other sectors that are crying out for automation, such as the 3C industry (computers, communications and consumer electronics). JAKA rolled out its JAKA Zu™ series, a family of collaborative robots, toward the end of last year. The robots use integrated joint actuators and, with all its parts and components optimized, are lighter than ordinary robots. Image credit to JAKA. Apart from optimized components, JAKA Zu’s biggest edge over other collaborative robots on the market is that it supports wireless connection and remote motion planning, which save the cost of demonstrators and remove geographic restrictions. Most robots are taught movements through demonstrators, which are connected with the robots with wires, or by directly having their arms pulled and dragged around by users, but JAKA’s robots can be wirelessly connected to smart devices, which allows users to instruct the robots to perform the desired tasks simply by working out the motions on JAKA’s app. Barclays and other organizations estimate that collaborative robots’ percentage of the total sales of robots may surge from 3% in 2017 to 34% or higher in 2025. Meanwhile, LI Mingyang expects his company to generate 200 million yuan in revenue (approx. USD 31.6 million) this year, including around 80 million yuan (approx. USD 12.6 million) from the sales of robots. Currently, JAKA relies on intelligent system integration as its main source of revenue, said LI. It could rake in as much as several million yuan by designing and deploying a single system. JAKA boasts big-name clients including Bright Dairy (光明), Mengniu (蒙牛), Want-Want (旺旺) and the spandex manufacturer Xinxiang Chemical Fibre (新乡化纤). They operate at least 100 production lines each and, by introducing JAKA’s solutions, can cut the number of workers per line by nearly 100. JAKA was incubated at Shanghai Jiaotong University and has established a close tie with the university’s Robot Research Institute. The company has a team of some 70 people and expects to expand to 100 people by the end of this year. Read more:
Hejun Capital Investments
47 Investments
Hejun Capital has made 47 investments. Their latest investment was in Season Line as part of their Seed VC on January 1, 2023.

Hejun Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
1/4/2023 | Seed VC | Season Line | Yes | 2 | ||
1/26/2022 | Series A | Orange Apricot Youdao | Yes | 1 | ||
1/13/2022 | Unattributed VC | Yunwujie | $1.57M | Yes | 3 | |
10/11/2021 | Unattributed VC | |||||
9/18/2021 | Series A |
Date | 1/4/2023 | 1/26/2022 | 1/13/2022 | 10/11/2021 | 9/18/2021 |
---|---|---|---|---|---|
Round | Seed VC | Series A | Unattributed VC | Unattributed VC | Series A |
Company | Season Line | Orange Apricot Youdao | Yunwujie | ||
Amount | $1.57M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 1 | 3 |
Hejun Capital Portfolio Exits
10 Portfolio Exits
Hejun Capital has 10 portfolio exits. Their latest portfolio exit was State Power Rixin Tech on April 29, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
4/29/2022 | IPO | Public | 1 | ||
1/18/2022 | IPO | Public | 1 | ||
5/13/2021 | IPO | Public | 2 | ||
Date | 4/29/2022 | 1/18/2022 | 5/13/2021 | ||
---|---|---|---|---|---|
Exit | IPO | IPO | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | Public | Public | ||
Sources | 1 | 1 | 2 |
Hejun Capital Fund History
6 Fund Histories
Hejun Capital has 6 funds, including Mantianxing Angel Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
3/3/2015 | Mantianxing Angel Fund | Early-Stage Venture Capital | Open | $47.87M | 1 |
7/14/2014 | Shenzhen Comix Hejun Industrial Private Equity Investment Fund LP | ||||
12/23/2013 | Suzhou Weihe Investment Enterprise LP | ||||
2/4/2010 | Hejun Huisheng Fund | ||||
Suzhou Heda Fund |
Closing Date | 3/3/2015 | 7/14/2014 | 12/23/2013 | 2/4/2010 | |
---|---|---|---|---|---|
Fund | Mantianxing Angel Fund | Shenzhen Comix Hejun Industrial Private Equity Investment Fund LP | Suzhou Weihe Investment Enterprise LP | Hejun Huisheng Fund | Suzhou Heda Fund |
Fund Type | Early-Stage Venture Capital | ||||
Status | Open | ||||
Amount | $47.87M | ||||
Sources | 1 |
Hejun Capital Team
2 Team Members
Hejun Capital has 2 team members, including current Chief Executive Officer, President, JiHeng Liu.
Name | Work History | Title | Status |
---|---|---|---|
JiHeng Liu | Chief Executive Officer, President | Current | |
Name | JiHeng Liu | |
---|---|---|
Work History | ||
Title | Chief Executive Officer, President | |
Status | Current |
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