China-based private equity and venture capital firm with a mission of supporting entrepreneurs to build companies. 5Y Capital manages over US$5 billion in capital from global investors including sovereign wealth funds, endowments, foundations, family offices, and funds of funds.
5Y Capital, formerly known as Morningside Venture Capital, is a venture capital firm that invests in early-stage and growth-stage technology companies in China and the United States. Founded in 2015, the firm is headquartered in Beijing, China, with additional offices in Shanghai and Menlo Park, California.
The firm was founded by three partners with extensive experience in technology investing and entrepreneurship. The partners are Fang Yuan, Dr Lin Sun, and Winston Fu. Fang Yuan previously worked as a partner at Sequoia Capital China, where she led investments in a number of successful companies. Dr Lin Sun is a serial entrepreneur who previously founded and sold several technology startups. Winston Fu is a former investment banker who has worked at Credit Suisse and Goldman Sachs.
5Y Capital, formerly known as Morningside Venture Capital, is a venture capital firm founded in 2008 by Dr. Harry Man. The firm is based in Hong Kong and invests in early-stage and growth-stage technology companies in China and the United States.
The founding team of 5Y Capital includes seasoned venture capitalists with experience investing in technology startups. Dr. Harry Man, the founder and managing partner, has over two decades of experience in venture capital and has been involved in several successful technology companies, including Xiaomi, Meituan-Dianping, and Didi Chuxing.
5Y Capital has built a strong track record of successful investments in a wide range of sectors, including artificial intelligence, fintech, e-commerce, and healthcare. The firm's portfolio includes several high-growth companies, such as ByteDance (the parent company of TikTok), NIO (an electric vehicle manufacturer), and JD Health (a leading online healthcare platform).
In 2020, the firm changed its name from Morningside Venture Capital to 5Y Capital to reflect its focus on investing in companies that have the potential to generate sustainable growth over a long period of time. The "5Y" in the new name stands for "Five Years," which represents the firm's commitment to working with portfolio companies over the long term to help them achieve their goals.
Here is a breakdown of 5Y Capital's mission statement:
The firm invests across a range of sectors, including enterprise software, artificial intelligence, healthcare, and consumer internet. Here are some examples of companies in 5Y Capital's portfolio:
