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TF Capital

TF Capital

Overview

TF Capital is a dual-currency venture capital firm founded in 2014 that specializes in early-stage investments in the life sciences sector, with a focus on preclinical and early clinical-stage biotech companies in China.

Year Founded

2014

Portfolio Companies

34

Investments

TF Capital investments
CompanyDateStageLead
Efficient ComputerAug 2026Series BCo-investor
Vivatides TherapeuticsApr 2026Series ACo-investor
Vivatides TherapeuticsApr 2026Series ACo-investor
Vivatides TherapeuticsApr 2026Series ACo-investor
QL BiopharmMar 2026Series CCo-investor
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Key People

Wei Cheng

Partner

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

Portfolio analytics

Caplight clients see full sector, stage and valuation breakdowns for this investor.

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

Portfolio analytics

Caplight clients see yearly investment pace and funding raised over time.

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FAQ

Where is TF Capital based?

TF Capital is headquartered in Shanghai, China.

When was TF Capital founded?

TF Capital was founded in 2014.

How many portfolio companies does TF Capital have?

TF Capital has 34 portfolio companies in Caplight's dataset.

What are some companies in TF Capital's portfolio?

Recent investments visible on Caplight include Efficient Computer, Vivatides Therapeutics, Vivatides Therapeutics, Vivatides Therapeutics, QL Biopharm.

What was TF Capital's most recent investment?

TF Capital's most recent investment on Caplight was in Efficient Computer in 2026.

What sectors does TF Capital focus on?

TF Capital focuses on Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Frontier & Industrial Tech, Consumer & Commerce, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Consumer & Commerce, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Enterprise Software.

What company stages does TF Capital focus on?

TF Capital typically invests at the MultiStage stage.

What is TF Capital's AUM?

TF Capital's assets under management are estimated between $250.0M and $500.0M.

Firmographic Details

HeadquartersShanghai
Year Founded2014

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