Investors / China / Xianghe Capital
Xianghe Capital
Venture capital · Beijing, China · Asia Pacific
Xianghe Capital is a venture capital fund founded in 2016 by Tang Hesong and Yang Liu, formerly of Baidu's strategic investment and M&A team. It manages over RMB 15 billion and has invested in more than 80 companies, focusing on early-stage opportunities driven by strategic analysis.
Invests inAI & Machine LearningEnterprise Software
In its own wordsartificial intelligenceadvanced manufacturingnew energynew materialsroboticsenterprise services
Your fit with Xianghe Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsXianghe Capital lists 23 checked portfolio companies on its own site and is named in 2 funding rounds. Its most frequent entry is Seed, 50% of the companies with a known first round. Its largest themes are AI & Machine Learning (27%), Enterprise Software (19%) and Robotics & Hardware (13%). 96% of its companies are based in China. It invests most often alongside Source Code Capital, 5Y Capital and Capital Today.
Counts come from funding rounds that name Xianghe Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Xianghe Capital's whole history. Rounds on record name 2 companies; its own site lists 23. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 50% |
| Series A | 0% |
| Series B | 50% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 0 | 0 |
| '26 | 2 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 69th | 31 companies |
| Recent activity | 69th | 2 rounds in 12 months |
| Early stage | 73th | 50% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 42th | 27% in its largest sector |
| Reach | 42th | 2 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 27% | 18% |
| Enterprise Software | 19% | 8% |
| Robotics & Hardware | 13% | 1% |
| E-commerce & Marketplaces | 10% | 6% |
| Media & Entertainment | 6% | 4% |
| Healthcare & Biotech | 4% | 15% |
| Developer Tools | 4% | 0% |
| Industrial & Manufacturing | 4% | 7% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Source Code Capital | 3 |
| 5Y Capital | 2 |
| Capital Today | 2 |
| Crystal Stream Capital | 2 |
| Granite Asia | 2 |
| IDG Capital | 2 |
| K3 Ventures | 2 |
| Lanchi Ventures | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers2296%
- No longer answers00%
- Points to another company14%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Source Code Capital
Compare Xianghe Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Xianghe Capital| Date | Company | Stage |
|---|---|---|
| 14 Aug 2026 | Seed |
Round details for Xianghe Capital
Amounts, full round histories and every co-investor in Xianghe Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
23 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Portfolio page | ||||
| BioMap provides a foundation model-driven life science discovery system that empowers users with enhanced capabilities in data insight, parameter optimization, and de novo design. | Healthcare & Biotech | Portfolio page | ||
| ByteDance develops products and services that empower people and organizations to create, connect and discover, and enable businesses to enhance productivity and efficiency. | AI & Machine LearningMedia & Entertainment | Portfolio page | ||
| DataGrand provides artificial intelligence and knowledge management services to enterprises | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Portfolio page | ||||
| Yunxi Technology provides enterprise-level AI application solutions | AI & Machine LearningEnterprise Software | Portfolio page | ||
| The company develops and provides embodied intelligent services and products, including hardware and models | AI & Machine LearningRobotics & Hardware | Portfolio page | ||
| The company provides online video streaming services. | Enterprise SoftwareMedia & Entertainment | Portfolio page | ||
| Shumei Technology provides online business risk control solutions for enterprises | CybersecurityAI & Machine Learning | Portfolio page | ||
| The company operates a website that provides online comics and manga for users to read. | Enterprise SoftwareMedia & Entertainment | Portfolio page | ||
| The company develops and applies embodied intelligence technology to enable robots to perform tasks autonomously. | AI & Machine LearningRobotics & Hardware | Aug 2026Seed | Funding round | |
| Lingxing ERP provides ERP software platforms for cross-border e-commerce businesses. | E-commerce & MarketplacesEnterprise Software | Portfolio page | ||
| Moka provides human resource management systems and recruitment management systems for enterprises. | Human ResourcesEnterprise Software | Portfolio page | ||
| Moonshot AI develops and provides AI services and products, including APIs and research tools. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| PhiGent Robotics develops and provides intelligent driving solutions, including smart vision and motion sensing products | Robotics & Hardware | Portfolio page | ||
| The company develops and manufactures robotic products and solutions, including hardware and software, and provides related services. | Robotics & HardwareAI & Machine Learning | Portfolio page | ||
| Rox Motor creates and sells vehicles, including a new luxury SUV model. | Mobility & Logistics | Portfolio page | ||
| Sand.ai develops and provides AI models, including a unified audio-video generation model called MAGI-2 Preview. | AI & Machine Learning | Portfolio page | ||
| SelectDB provides an extreme-speed analysis database for agents | Developer ToolsDeveloper Tools | Portfolio page | ||
| Sensors Data provides big data analysis and marketing technology solutions. | FintechE-commerce & Marketplaces | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- xianghecap.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 12 Feb 2026
- Companies checked
- 23
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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