2025 Silent Capital Report now available. Where family offices and LPs are actually deploying. [Download for free →]
About usSign in
Status
ACTIVE
Global HQ
Shanghai, China
Countries of investment
  • China
Investment stages
  • Seed
  • Series A
  • Series B
Industries
  • Artificial Intelligence
  • Consumer Tech
  • Enterprise Software
About
Dalton Venture, founded in 2015, is a venture capital firm focused on identifying and supporting promising early and growth-stage companies in China's TMT and consumer industries. They are committed to being a reliable partner for entrepreneurs, providing not just capital but also strategic support to foster growth and market leadership.
Min check size
$500K
Max check size
$3M
Fund size
NPS

Investment Thesis

Dalton Venture is a venture capital firm investing in early-stage and growth-stage companies primarily within the TMT (Technology, Media, and Telecom) and consumer sectors. The firm operates with core values of integrity, professionalism, and innovation, aiming to be a long-term, value-added partner for entrepreneurs. They provide comprehensive post-investment services and resources to help their portfolio companies achieve significant growth and success.
Lead investor
Co Invest
Number of exits
Preferred contact method

Manager's Experience

The partners, including Richard Zhang, Abel Halpern, and Frank Li, possess over 55 years of combined experience in investment, corporate management, and entrepreneurship. Key members previously held senior roles at prominent firms such as Fidelity Growth Partners Asia (FGPA), Intel Capital, and General Atlantic. Their expertise is rooted in China's TMT sector, with educational backgrounds from top-tier institutions like Wharton, Harvard, and INSEAD.

Team

Yong Dai - Founding Partner

Tony Zhang - Partner

Frank Yao - Partner

David Li - Partner

Leo Liu - Partner

Portfolio

Tantan

Musical.ly

Yodo1

Castbox

Yitiao

Missfresh

Pop Mart

Genki Forest

Heytea

Saturnbird Coffee

Wonderlab

Moody

Harmay

PatPat

Chicecream

Fund number
Vintage Year
Net Internal Rate of Return
Investment Multiple
Capital Allocation
Management Fee
Carried Interest
AUM
Follow-on Investments
Graduation Rate
Write-Off Ratio
Last profile update timestamp