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Xianghe Capital

16/F, South Block, Building C, Raycom Info Tech Park, Beijing, Haidian, 100190, China

Overview

Venture capital fund focusing on early and growth stage TMT investments.

Founded

2016

Deals ยท 12mo

2

Links

Website

Stage focus

Series A
Series B
Series C

Geographic focus

China
Hong Kong

Sector focus

Financial Services
Telecommunications
Venture Capital

Investment portfolio

17rounds
NAMEDATESIZE
HidFunc
Jul 2026Participated
$15 MSeries A
Galaxea AI
Feb 2026Participated
$145 MSeries B
Robot Era
Jul 2025Participated
$70 MSeries A
EdgeRock
Mar 2024Participated
$14 MSeries A
Helixon
Jun 2022Participated
$75 MSeries A
ZHIYI TECH
Apr 2022Led
$100 MOther Equity
Data Grand
Mar 2022Participated
$91 MSeries C
Ractigen Therapeutics
Jan 2022Participated
$30 MSeries A
Lingxing
Dec 2021Led
$44 MSeries C
Huolala
Dec 2020Participated
$515 MSeries E
Zuoyebang
Jun 2020Participated
$750 MSeries E
Moka
Mar 2019Participated
$27 MSeries B
HidFunc
Jul 2026Participated
$15 MSeries A
Galaxea AI
Feb 2026Participated
$145 MSeries B
Robot Era
Jul 2025Participated
$70 MSeries A
EdgeRock
Mar 2024Participated
$14 MSeries A
Helixon
Jun 2022Participated
$75 MSeries A
ZHIYI TECH
Apr 2022Led
$100 MOther Equity
Data Grand
Mar 2022Participated
$91 MSeries C
Ractigen Therapeutics
Jan 2022Participated
$30 MSeries A
Lingxing
Dec 2021Led
$44 MSeries C
Huolala
Dec 2020Participated
$515 MSeries E
Zuoyebang
Jun 2020Participated
$750 MSeries E
Moka
Mar 2019Participated
$27 MSeries B
17
Items
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Insights

Time horizon

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Deal Distribution

Xianghe Capital: 17 funding rounds are recorded in the selected participation categories.All available history.
Xianghe Capital: 17 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A05
Series B13
Series C+16
Other Equity10

Monthly Deal Activity

Xianghe Capital: 17 deals are recorded across 118 months.All available history.
Xianghe Capital: 17 deals are recorded across 118 months. All available history
MonthDeals
Jan '171
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '171
Nov '170
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '191
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '221
Feb '220
Mar '221
Apr '221
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Xianghe Capital: Enterprise Software is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Xianghe Capital: Enterprise Software is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Enterprise Software9
AI & Machine Learning7
Transportation & Logistics6
Consumer & Lifestyle4
Professional Services4
Hardware & Robotics3
Manufacturing3
Health & Life Sciences3
Networks, Cloud & Communication2
Education & Workforce2
E-Commerce & Retail1
Clean Energy & Sustainability1
Space & Frontier Tech1

Deal Size Distribution

Xianghe Capital: 17 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Xianghe Capital: 17 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M2
$25M-$50M5
$50M-$100M3
$100M-$250M4
$250M-$500M1
$500M-$1B2
$1B+0

Deals By Geography

Xianghe Capital: China has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Xianghe Capital: China has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
China14
Hong Kong3
Xianghe Capital: 20 co-investors are shown, with Hillhouse Capital sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Xianghe Capital: 20 co-investors are shown, with Hillhouse Capital sharing 5 recorded deals. All available history
Co-investorShared deals
Hillhouse Capital5
Hongshan Capital Group (Sequoia Capital China)4
Shunwei Capital4
MindWorks Ventures3
Eastern Bell Capital2
GGV Capital2
GL Ventures2
Legend Capital2
01VC1
5Y Capital1
Advantech Capital1
Blackhole Capital1
Capital Today1
Cathay Capital1
CDH Investments1
CE Innovation Capital1
CITIC Securities1
Crystal Stream Capital1
CSC Venture Capital1
CSSD Capital1

Investment Strategy

Xianghe Capital: Led accounts for 18% and participating for 82% of round participation.All available history.
Xianghe Capital: Led accounts for 18% and participating for 82% of round participation. All available history
CategoryDeals (count)Share (%)
Led318%
Participating1482%
Xianghe Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Xianghe Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Hesong Tang

Founding Partner

Maggie Yang

Co-Founding Partner

Norbert Reithofer

pank