XVC

XVC is a Beijing-based venture capital firm founded in 2017, specializing in investments across seed-stage, early-stage, and later-stage companies within the B2B, commercial services, and technology sectors in East Asia. The firm focuses on partnering with visionary entrepreneurs, providing not only financial support but also leveraging its experience and extensive network to enhance their success. XVC emphasizes a lean organizational structure to enable swift decision-making and responsiveness, concentrating on significant ideas with high growth potential. Currently, the firm manages approximately $1.2 billion in assets and typically invests between $1 million and $30 million in each company.

Neil Chen

Partner

Boyu Hu

Partner

Leo Lu

Partner

Neo Yang

Operating Partner

Rickey Yao

Partner

48 past transactions

Aiper

Venture Round in 2025
Pool cleaners of all types have been around as long as there have been pools; Aiper is the new kid on the block with a lot to prove. How would we make up the gap? By constantly innovating, throwing everything we have into R&D to raise the quality of your pool at every level. We do every test, have developed dozens of sensors and hundreds of algorithms, all ageared to making your pool experience the best, most effortless experience possible – that is the Aiper promise. With over one million dollars in crowdfunding, more than any other cordless robotic pool cleaning product, people are taking notice.

Finture

Series B in 2024
Since its founding in January 2021, Finture has been one of the growing fintech platforms in Southeast Asia, collaborating with financial institutions to jointly provide diverse unique payment and credit products for all individuals, particularly in Indonesia. Finture has collaborated with licensed financial institutions to provide paylater products (loan limits) using card payment instruments (issued by our licensed banking partner) carrying “Yup” as a branding. As an aggregator platform being recorded by the Financial Services Authority in Indonesia, Yup connects our users to get the paylater services from our licensed financial institution partners with the enjoyment of any promo benefit from us. Because transactions using Yup only require an EDC machine, our form as a card instrument allows Yup users to make any transaction ANYWHERE and ANYTIME. While we always strive to make it as simple as possible for our users to obtain the best health credit payment services from our partner financial institutions. By using Yup, you can get easy installments with 0% interest starting from 1 to 12 months, and a limit of up to Rp 40 million. Finally, we hope to continue to improve the ease of conducting transactions both offline and online, so that we can always be ready and available for all of our users throughout Indonesia.

Aiper

Series B in 2024
Pool cleaners of all types have been around as long as there have been pools; Aiper is the new kid on the block with a lot to prove. How would we make up the gap? By constantly innovating, throwing everything we have into R&D to raise the quality of your pool at every level. We do every test, have developed dozens of sensors and hundreds of algorithms, all ageared to making your pool experience the best, most effortless experience possible – that is the Aiper promise. With over one million dollars in crowdfunding, more than any other cordless robotic pool cleaning product, people are taking notice.

Running Panda

Series A in 2023
Running Panda is a fast-food brand that offers a wide variety of unique burgers.

Leading Magpie Technology

Series A in 2023
Magpie Technology focuses on research, development and production of construction robots, with an emphasis on building and decorating.

Zanecon

Series A in 2023
Zanecon is a high-tech enterprise that develops smart construction solutions. Zhucheng Technology applies core technologies such as AI, environmental perception, deep learning, and servo control to the field of construction, and independently develops a variety of construction robot products.

Finture

Series B in 2023
Since its founding in January 2021, Finture has been one of the growing fintech platforms in Southeast Asia, collaborating with financial institutions to jointly provide diverse unique payment and credit products for all individuals, particularly in Indonesia. Finture has collaborated with licensed financial institutions to provide paylater products (loan limits) using card payment instruments (issued by our licensed banking partner) carrying “Yup” as a branding. As an aggregator platform being recorded by the Financial Services Authority in Indonesia, Yup connects our users to get the paylater services from our licensed financial institution partners with the enjoyment of any promo benefit from us. Because transactions using Yup only require an EDC machine, our form as a card instrument allows Yup users to make any transaction ANYWHERE and ANYTIME. While we always strive to make it as simple as possible for our users to obtain the best health credit payment services from our partner financial institutions. By using Yup, you can get easy installments with 0% interest starting from 1 to 12 months, and a limit of up to Rp 40 million. Finally, we hope to continue to improve the ease of conducting transactions both offline and online, so that we can always be ready and available for all of our users throughout Indonesia.

Laifei Smart

Angel Round in 2023
Laifei Smart offers AI intelligent lawn mowing robots for global lawn care, and provides customers in this field with more standardized, precise and efficient intelligent solutions.

Chainbase

Angel Round in 2022
Chainbase operates a comprehensive data infrastructure designed for Web3, focusing on the indexing, transformation, and utilization of on-chain data at scale. The platform offers cloud-based API services that facilitate multi-chain, real-time interactions with blockchain technology. By automating the processes of indexing and querying blockchain data, Chainbase allows developers to work more efficiently while lowering the costs associated with remote access to blockchain resources. This infrastructure aims to enhance the availability and stability of cloud services, providing developers with a robust set of tools to accelerate the development of Web3 projects.

KeenData

Series A in 2022
KeenData is a company that assists large organizations in enhancing their data capabilities and advancing their digital transformation efforts across various industries. Its core offering, the KeenData Lakehouse, utilizes a modern integrated architecture that combines the flexibility of a data lake with the performance and management features of a data warehouse. This innovative approach allows clients to effectively construct databases, create customer profiles, and achieve seamless data integration across departments. By facilitating these processes, KeenData empowers organizations to gain deeper insights and improve their business management.

Aiper

Series A in 2022
Pool cleaners of all types have been around as long as there have been pools; Aiper is the new kid on the block with a lot to prove. How would we make up the gap? By constantly innovating, throwing everything we have into R&D to raise the quality of your pool at every level. We do every test, have developed dozens of sensors and hundreds of algorithms, all ageared to making your pool experience the best, most effortless experience possible – that is the Aiper promise. With over one million dollars in crowdfunding, more than any other cordless robotic pool cleaning product, people are taking notice.

Finture

Series A in 2022
Since its founding in January 2021, Finture has been one of the growing fintech platforms in Southeast Asia, collaborating with financial institutions to jointly provide diverse unique payment and credit products for all individuals, particularly in Indonesia. Finture has collaborated with licensed financial institutions to provide paylater products (loan limits) using card payment instruments (issued by our licensed banking partner) carrying “Yup” as a branding. As an aggregator platform being recorded by the Financial Services Authority in Indonesia, Yup connects our users to get the paylater services from our licensed financial institution partners with the enjoyment of any promo benefit from us. Because transactions using Yup only require an EDC machine, our form as a card instrument allows Yup users to make any transaction ANYWHERE and ANYTIME. While we always strive to make it as simple as possible for our users to obtain the best health credit payment services from our partner financial institutions. By using Yup, you can get easy installments with 0% interest starting from 1 to 12 months, and a limit of up to Rp 40 million. Finally, we hope to continue to improve the ease of conducting transactions both offline and online, so that we can always be ready and available for all of our users throughout Indonesia.

Whalehouse Technology

Series B in 2021
Whalehouse Technology is a Shenzhen-based automated warehouse solutions provider. Whalehouse is a good friend of the electricity supplier companies, courier companies and logistics companies, which provides intelligent automated warehouse solutions and free upgrade service. The gene of whale warehouse is electricity supplier and technology, the company is constituted by a young group from Tencent, SF, JD and CAS.

Finture

Seed Round in 2021
Since its founding in January 2021, Finture has been one of the growing fintech platforms in Southeast Asia, collaborating with financial institutions to jointly provide diverse unique payment and credit products for all individuals, particularly in Indonesia. Finture has collaborated with licensed financial institutions to provide paylater products (loan limits) using card payment instruments (issued by our licensed banking partner) carrying “Yup” as a branding. As an aggregator platform being recorded by the Financial Services Authority in Indonesia, Yup connects our users to get the paylater services from our licensed financial institution partners with the enjoyment of any promo benefit from us. Because transactions using Yup only require an EDC machine, our form as a card instrument allows Yup users to make any transaction ANYWHERE and ANYTIME. While we always strive to make it as simple as possible for our users to obtain the best health credit payment services from our partner financial institutions. By using Yup, you can get easy installments with 0% interest starting from 1 to 12 months, and a limit of up to Rp 40 million. Finally, we hope to continue to improve the ease of conducting transactions both offline and online, so that we can always be ready and available for all of our users throughout Indonesia.

Bawang Chaji

Series B in 2021
Bawang Chaji is a Chinese-style national tea drink brand that offers fresh and ready-made "real milk and real tea" to customers. The brand is known for its raw leaf fresh milk tea, but it also sells fresh brewed tea, fresh fruit tea, tea bags, and tea culture-related derivative products.

H.Extract

Series C in 2021
H.Extract is a company focused on the research, development, promotion, and sales of pharmaceutical ERP solutions. As a leading brand in China's pharmaceutical distribution sector, H.Extract has implemented its Cloud ERP System in over 40,000 pharmacies nationwide. The company formed a strategic partnership with Tencent Cloud and WeChat Pay in 2016 to enhance the efficiency of the medicine distribution industry, particularly in pharmaceutical wholesale and chain drugstores. With 14 years of experience, H.Extract leverages its technical expertise and management skills to cater to a diverse client base, including major players in the pharmaceutical sector such as Harbin Pharmaceutical Group and Hainan Zhangzhongjing Dispensary. The company's commitment to innovation and high-quality service aims to streamline operations within the pharmaceutical supply chain.

ONES.com

Series C in 2021
ONES builds up an all-in-one platform with software development management products designed for high performance and availability, which supports teams and companies from all over the world to release their software faster and better. ONES Project, ONES Wiki, and ONES TestCase cover the whole life cycle of software development to streamline projects, align the QA process, and manage team knowledge.

ONES.com

Series B in 2021
ONES builds up an all-in-one platform with software development management products designed for high performance and availability, which supports teams and companies from all over the world to release their software faster and better. ONES Project, ONES Wiki, and ONES TestCase cover the whole life cycle of software development to streamline projects, align the QA process, and manage team knowledge.

Xiongmao Cake

Series A in 2021
Founded in Huizhou – a third-tier city in Guangdong Province– in 2017, Xiongmao Cake provides a cake baking and delivering service with an ‘online order + warehouse journey’ model. In less than two years, the business quickly spread to 10 second- and third-tier cities across Guangdong, Fujian and Sichuan provinces.

Moody

Series B in 2021
Moody is a developer of disposable colored contact lenses brand. The company's products are well branded and packaged, as well as hygienic for users, enabling consumers to purchase quality color contact lens products.

Moody

Series B in 2021
Moody is a developer of disposable colored contact lenses brand. The company's products are well branded and packaged, as well as hygienic for users, enabling consumers to purchase quality color contact lens products.

Bawang Chaji

Series A in 2021
Bawang Chaji is a Chinese-style national tea drink brand that offers fresh and ready-made "real milk and real tea" to customers. The brand is known for its raw leaf fresh milk tea, but it also sells fresh brewed tea, fresh fruit tea, tea bags, and tea culture-related derivative products.

Milian Technology

Series B in 2020
Milian Technology is a platform for dating and dating. According to the needs of different users, we have launched a variety of dating products, including love in the same city, dating in the same city, love in the city and many other Android clients. The registered users of the platform have exceeded 10 million, belonging to Beijing. Milian Technology Co., Ltd.

Weee!

Series B in 2020
Weee!, Inc. is an online grocery delivery platform based in Fremont, California, founded in 2015. The company specializes in providing a wide range of grocery items, focusing on products that cater to Asian and Hispanic communities, including fruits, vegetables, seafood, snacks, beauty products, and daily necessities. Weee! serves customers across several major regions, including the San Francisco Bay Area, Sacramento, Seattle, Portland, Los Angeles, San Diego, New York City, and New Jersey. The platform emphasizes sourcing authentic gourmet delicacies from Asia, working closely with local farms and trusted brands to curate fresh and affordable products for its users. Through its services, Weee! aims to facilitate a farm-to-door experience, making it a primary source for essential ingredients and meals for its diverse customer base.

Qingzhu

Series B in 2020
Qingzhu is a hotel industry group integrating hotel management, information technology and procurement and trade. Its main business is to realize the chain of individual hotels through light franchise, and help hotels improve through brand, operation and system. Operating efficiency, increase revenue.

Weee!

Series B in 2019
Weee!, Inc. is an online grocery delivery platform based in Fremont, California, founded in 2015. The company specializes in providing a wide range of grocery items, focusing on products that cater to Asian and Hispanic communities, including fruits, vegetables, seafood, snacks, beauty products, and daily necessities. Weee! serves customers across several major regions, including the San Francisco Bay Area, Sacramento, Seattle, Portland, Los Angeles, San Diego, New York City, and New Jersey. The platform emphasizes sourcing authentic gourmet delicacies from Asia, working closely with local farms and trusted brands to curate fresh and affordable products for its users. Through its services, Weee! aims to facilitate a farm-to-door experience, making it a primary source for essential ingredients and meals for its diverse customer base.

Milian Technology

Series A in 2019
Milian Technology is a platform for dating and dating. According to the needs of different users, we have launched a variety of dating products, including love in the same city, dating in the same city, love in the city and many other Android clients. The registered users of the platform have exceeded 10 million, belonging to Beijing. Milian Technology Co., Ltd.

Hetao101

Series B in 2019
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Series B in 2019
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Qingzhu

Series A in 2019
Qingzhu is a hotel industry group integrating hotel management, information technology and procurement and trade. Its main business is to realize the chain of individual hotels through light franchise, and help hotels improve through brand, operation and system. Operating efficiency, increase revenue.

Haoqipei

Series D in 2019
Haoqipei is a business-to-business trading platform based in Shanghai, China, that specializes in the auto parts industry. Founded in 2016, the company serves auto parts suppliers and auto repair shops, addressing challenges related to complex trading processes and information asymmetry. Haoqipei's platform facilitates the matching of suppliers with customers based on preferences for auto parts, transaction credit history, and volume, allowing users to purchase car parts safely and efficiently. In addition to its online services, the company also provides offline warehousing and logistics support, enhancing the overall trading experience for its clients.

Hetao101

Series A in 2019
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Series A in 2019
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Haoqipei

Series C in 2019
Haoqipei is a business-to-business trading platform based in Shanghai, China, that specializes in the auto parts industry. Founded in 2016, the company serves auto parts suppliers and auto repair shops, addressing challenges related to complex trading processes and information asymmetry. Haoqipei's platform facilitates the matching of suppliers with customers based on preferences for auto parts, transaction credit history, and volume, allowing users to purchase car parts safely and efficiently. In addition to its online services, the company also provides offline warehousing and logistics support, enhancing the overall trading experience for its clients.

Haoqipei

Series B in 2018
Haoqipei is a business-to-business trading platform based in Shanghai, China, that specializes in the auto parts industry. Founded in 2016, the company serves auto parts suppliers and auto repair shops, addressing challenges related to complex trading processes and information asymmetry. Haoqipei's platform facilitates the matching of suppliers with customers based on preferences for auto parts, transaction credit history, and volume, allowing users to purchase car parts safely and efficiently. In addition to its online services, the company also provides offline warehousing and logistics support, enhancing the overall trading experience for its clients.

Abox Yihe

Series A in 2018
Abox Yihe is a women's clothing subscription platform.

Zhuangxiaomi

Series B in 2018
Zhuangxiaomi is a domestic internet service provider specializing in home improvement management. The company offers a platform that connects homeowners with experienced, pre-screened contractors, facilitating the home renovation process. Their technology not only assists users in locating reliable contractors but also helps these professionals source affordable building materials necessary for various projects. Additionally, Zhuangxiaomi features a technical service center that provides oversight and support for home improvement inquiries, ensuring customers receive guidance throughout their renovation journey. This comprehensive approach aims to streamline the often complex home renovation process for both homeowners and contractors.

Koala Reading

Series B in 2018
Koala Reading is a children's reading app platform developed by Xiangyue Education Technology, specifically designed for K-12 students. The platform features a unique quantified Chinese graded reading standard known as the ER Framework, which assesses the reading difficulty of various Chinese texts. This allows the app to tailor reading materials to match individual students' reading abilities, providing personalized content that enhances language learning. Additionally, Koala Reading assists schools in establishing digital libraries and links student reading level assessments to their offline reading activities, promoting a more integrated approach to literacy development.

Hetao101

Series A in 2018
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Series A in 2018
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Seed Round in 2018
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Hetao101

Seed Round in 2018
Hetao101, also known as Walnut Coding, is a Beijing-based children's edtech company that focuses on providing programming education for children aged four to twelve. Founded in 2017, the company offers an AI-driven online platform and smart products designed to enhance children's logical thinking and programming skills. With a team of over 400 tutors, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards. This curriculum emphasizes programming skill development, aiming to prepare students for higher education and foster an interest in computer science.

Fclassroom

Series B in 2017
Fclassroom is an artificial intelligence-powered education firm. Its self-developed EI education intelligence system, based on the dynamic data acquisition and intelligent analysis of the learning process, effectively achieves personalized teaching management and data intelligence driven precision teaching.

Haoqipei

Series A in 2017
Haoqipei is a business-to-business trading platform based in Shanghai, China, that specializes in the auto parts industry. Founded in 2016, the company serves auto parts suppliers and auto repair shops, addressing challenges related to complex trading processes and information asymmetry. Haoqipei's platform facilitates the matching of suppliers with customers based on preferences for auto parts, transaction credit history, and volume, allowing users to purchase car parts safely and efficiently. In addition to its online services, the company also provides offline warehousing and logistics support, enhancing the overall trading experience for its clients.

Wanba

Series B in 2017
Wanba is an entertainment and social app. They also provide free casual game, card game, and multi-player interactive mini-games. They also offer gaming application and detective game services.

Finture

Since its founding in January 2021, Finture has been one of the growing fintech platforms in Southeast Asia, collaborating with financial institutions to jointly provide diverse unique payment and credit products for all individuals, particularly in Indonesia. Finture has collaborated with licensed financial institutions to provide paylater products (loan limits) using card payment instruments (issued by our licensed banking partner) carrying “Yup” as a branding. As an aggregator platform being recorded by the Financial Services Authority in Indonesia, Yup connects our users to get the paylater services from our licensed financial institution partners with the enjoyment of any promo benefit from us. Because transactions using Yup only require an EDC machine, our form as a card instrument allows Yup users to make any transaction ANYWHERE and ANYTIME. While we always strive to make it as simple as possible for our users to obtain the best health credit payment services from our partner financial institutions. By using Yup, you can get easy installments with 0% interest starting from 1 to 12 months, and a limit of up to Rp 40 million. Finally, we hope to continue to improve the ease of conducting transactions both offline and online, so that we can always be ready and available for all of our users throughout Indonesia.
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