In this paper we describe a new species of cave fungus belonging to Sporocadaceae (Amphisphaeriales), collected from Gem Cave, Fumin County, Yunnan Province, China. Initial morphological observations confirmed that our fungal collection is a pestalotioid species. Phylogenetic analyses of combined internal transcribed spacer (ITS), β-tubulin (TUB) and translation elongation factor 1-alpha (TEF1α) gene sequence dataset confirmed that our fungus forms an independent branch within Neopestalotiopsis. Thus, we describe our fungus as a new species of Neopestalotiopsis based on both morphology and multigene phylogeny. This is the first-ever report of Neopestalotiopsis from a cave habitat. A full description, micrographs and a phylogenetic tree showing the placement of the new species are provided.