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

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 is a comprehensive data infrastructure designed for Web3, focusing on the indexing, transformation, and utilization of on-chain data at scale. The company offers a cloud-based platform that provides API services for developers, facilitating multi-chain, real-time interactions with blockchain networks. By automating the indexing and querying processes, Chainbase enhances efficiency, allowing developers to achieve more with reduced effort. Its infrastructure is aimed at improving the cost-effectiveness and reliability of cloud services, thereby supporting the rapid development of Web3 projects for users worldwide.

KeenData

Series A in 2022
KeenData is a technology company focused on aiding large organizations in enhancing their data capabilities and facilitating digital transformation across various industries. Its core product, KeenData Lakehouse, features an innovative architecture that combines the flexibility of a data lake with the performance and management strengths of a data warehouse. In addition to this, KeenData offers Enterprise Resource Planning (ERP) solutions aimed at helping clients digitize their operations. The platform includes services for database construction, customer profiling, and cross-departmental data integration, enabling organizations to gain deeper insights and manage their businesses more effectively.

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 research and development, promotion, and sales of pharmaceutical enterprise resource planning (ERP) solutions. As a leading brand in the domestic pharmaceutical distribution sector, H.Extract's Cloud ERP System, Romens, has established a significant presence, serving over 40,000 pharmacies across China. The company has formed strategic partnerships, notably with Tencent Cloud and WeChat Pay, to enhance the efficiency of the medicine distribution industry, particularly in pharmaceutical wholesale and chain drugstores. With 14 years of experience, H.Extract has developed a strong technical foundation and management expertise in the operation of chain drugstores, allowing it to expand its customer base to include major pharmaceutical entities such as Harbin Pharmaceutical Group and Sichuan Derentang.

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 that focuses on producing quality beauty accessories. The company's products are characterized by their appealing branding and hygienic packaging, ensuring a safe experience for users. Moody aims to provide consumers with a variety of color contact lens options, enhancing their aesthetic choices while maintaining high standards of quality.

Moody

Series B in 2021
Moody is a developer of disposable colored contact lenses that focuses on producing quality beauty accessories. The company's products are characterized by their appealing branding and hygienic packaging, ensuring a safe experience for users. Moody aims to provide consumers with a variety of color contact lens options, enhancing their aesthetic choices while maintaining high standards of quality.

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
Beijing Milian Technology Co., Ltd., founded in 2015, specializes in developing marriage and dating software. The company offers a variety of products tailored to different user needs, including platforms for local dating and blind dating services. Its features encompass real-time video interactions, as well as the ability for users to send text messages, voice messages, and photos. With a user base that has surpassed 10 million registered individuals, Milian Technology aims to facilitate meaningful connections in the dating landscape. The company's operations are based in Beijing, China.

Weee!

Series B in 2020
Weee!, Inc. is an online grocery delivery platform based in Fremont, California, that specializes in providing a wide range of products tailored for Asian and Hispanic families. Founded in 2015, the company offers an extensive selection of groceries, including fresh fruits, vegetables, seafood, snacks, beauty products, and daily necessities. Weee! serves various metropolitan areas, including the San Francisco Bay Area, Sacramento, Seattle, Portland, Los Angeles, San Diego, New York City, and New Jersey. The platform focuses on delivering authentic gourmet delicacies from Asia and ensures a farm-to-door experience by partnering with local farms and trusted brands to source quality ingredients.

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, that specializes in providing a wide range of products tailored for Asian and Hispanic families. Founded in 2015, the company offers an extensive selection of groceries, including fresh fruits, vegetables, seafood, snacks, beauty products, and daily necessities. Weee! serves various metropolitan areas, including the San Francisco Bay Area, Sacramento, Seattle, Portland, Los Angeles, San Diego, New York City, and New Jersey. The platform focuses on delivering authentic gourmet delicacies from Asia and ensures a farm-to-door experience by partnering with local farms and trusted brands to source quality ingredients.

Milian Technology

Series A in 2019
Beijing Milian Technology Co., Ltd., founded in 2015, specializes in developing marriage and dating software. The company offers a variety of products tailored to different user needs, including platforms for local dating and blind dating services. Its features encompass real-time video interactions, as well as the ability for users to send text messages, voice messages, and photos. With a user base that has surpassed 10 million registered individuals, Milian Technology aims to facilitate meaningful connections in the dating landscape. The company's operations are based in Beijing, China.

Hetao101

Series B in 2019
Hetao101, also known as Walnut Coding, is an educational technology company based in Haidian, Beijing, China, that focuses on providing programming education for children aged four to twelve. Founded in 2017, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association standards, emphasizing logical thinking and programming skills. The company utilizes an AI-driven online platform and smart products to deliver engaging coding lessons. With a team of over 400 tutors, Hetao101 aims to prepare young learners for future educational opportunities in computer science by offering professional coding training and support.

Hetao101

Series B in 2019
Hetao101, also known as Walnut Coding, is an educational technology company based in Haidian, Beijing, China, that focuses on providing programming education for children aged four to twelve. Founded in 2017, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association standards, emphasizing logical thinking and programming skills. The company utilizes an AI-driven online platform and smart products to deliver engaging coding lessons. With a team of over 400 tutors, Hetao101 aims to prepare young learners for future educational opportunities in computer science by offering professional coding training and support.

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 Chinese business-to-business trading platform specializing in the auto parts industry, founded in 2016 and headquartered in Shanghai. The company facilitates transactions between auto parts suppliers and auto repair shops, addressing challenges such as complex trading processes and information asymmetry within the market. Haoqipei's platform matches suppliers with customers based on preferences, transaction credit history, and volume, ensuring a secure and streamlined purchasing experience for users. In addition to its digital trading platform, the company provides offline warehousing and logistics services, enhancing the overall efficiency of the auto parts supply chain.

Hope and Rising

Seed Round in 2019
Hope and Rising is a parenting education service dedicated to supporting the growth and development of children from infancy to age eight. The company creates personalized profiles for families to track the development of their children through various offline activities, while also offering online resources. It provides a self-media video channel that features high-quality parenting content and educational videos produced by childcare experts. In addition, Hope and Rising collaborates with both domestic and international educational institutions to design innovative early-age curriculums. These curriculums are focused on fostering curiosity, self-development, critical thinking, and artistic sensibility in children. By delivering interactive and gamified educational content, the company aims to enhance children's cognitive abilities and personal characteristics, assisting parents in navigating the challenges of early childhood education.

Hetao101

Series A in 2019
Hetao101, also known as Walnut Coding, is an educational technology company based in Haidian, Beijing, China, that focuses on providing programming education for children aged four to twelve. Founded in 2017, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association standards, emphasizing logical thinking and programming skills. The company utilizes an AI-driven online platform and smart products to deliver engaging coding lessons. With a team of over 400 tutors, Hetao101 aims to prepare young learners for future educational opportunities in computer science by offering professional coding training and support.

Hetao101

Series A in 2019
Hetao101, also known as Walnut Coding, is an educational technology company based in Haidian, Beijing, China, that focuses on providing programming education for children aged four to twelve. Founded in 2017, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association standards, emphasizing logical thinking and programming skills. The company utilizes an AI-driven online platform and smart products to deliver engaging coding lessons. With a team of over 400 tutors, Hetao101 aims to prepare young learners for future educational opportunities in computer science by offering professional coding training and support.

Haoqipei

Series C in 2019
Haoqipei is a Chinese business-to-business trading platform specializing in the auto parts industry, founded in 2016 and headquartered in Shanghai. The company facilitates transactions between auto parts suppliers and auto repair shops, addressing challenges such as complex trading processes and information asymmetry within the market. Haoqipei's platform matches suppliers with customers based on preferences, transaction credit history, and volume, ensuring a secure and streamlined purchasing experience for users. In addition to its digital trading platform, the company provides offline warehousing and logistics services, enhancing the overall efficiency of the auto parts supply chain.

Haoqipei

Series B in 2018
Haoqipei is a Chinese business-to-business trading platform specializing in the auto parts industry, founded in 2016 and headquartered in Shanghai. The company facilitates transactions between auto parts suppliers and auto repair shops, addressing challenges such as complex trading processes and information asymmetry within the market. Haoqipei's platform matches suppliers with customers based on preferences, transaction credit history, and volume, ensuring a secure and streamlined purchasing experience for users. In addition to its digital trading platform, the company provides offline warehousing and logistics services, enhancing the overall efficiency of the auto parts supply chain.

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 home improvement management service provider that specializes in facilitating home renovation projects. The company operates a platform that connects homeowners with experienced, pre-screened contractors, ensuring quality and reliability in the renovation process. Additionally, Zhuangxiaomi offers a technical service center to oversee home improvement projects, providing customers with access to consulting and installation supervision services. This integrated approach not only helps homeowners efficiently navigate their renovation needs but also enables contractors to source affordable building materials, thereby streamlining the entire home improvement experience.

Koala Reading

Series B in 2018
Koala Reading is a children's reading app platform tailored for K-12 students, developed by Xiangyue Education Technology. The platform features an advanced algorithm that quantifies the difficulty of Chinese texts, allowing it to match reading materials with individual student abilities. This personalized approach facilitates effective language learning and enhances reading engagement among students. Additionally, Koala Reading supports schools in creating digital libraries and integrates student reading level assessments with their offline reading activities, promoting a holistic reading experience. The company's innovative framework also establishes a standardized method for evaluating reading difficulty in Chinese, further enhancing its educational impact.

HugePOD

Pre Seed Round in 2018
HugePOD is a company that specializes in print-on-demand apparel design and manufacturing. It offers a robust online platform that connects customers with a global network of diverse manufacturers, allowing for a flexible supply chain tailored to the needs of world-class retailers. By enabling a broad selection of apparel options, HugePOD aims to enhance the print-on-demand experience for manufacturers and retailers alike, streamlining the process of bringing products to market.

Hetao101

Series A in 2018
Hetao101, also known as Walnut Coding, is an educational technology company based in Haidian, Beijing, China, that focuses on providing programming education for children aged four to twelve. Founded in 2017, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association standards, emphasizing logical thinking and programming skills. The company utilizes an AI-driven online platform and smart products to deliver engaging coding lessons. With a team of over 400 tutors, Hetao101 aims to prepare young learners for future educational opportunities in computer science by offering professional coding training and support.

Hetao101

Series A in 2018
Hetao101, also known as Walnut Coding, is an educational technology company based in Haidian, Beijing, China, that focuses on providing programming education for children aged four to twelve. Founded in 2017, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association standards, emphasizing logical thinking and programming skills. The company utilizes an AI-driven online platform and smart products to deliver engaging coding lessons. With a team of over 400 tutors, Hetao101 aims to prepare young learners for future educational opportunities in computer science by offering professional coding training and support.

Hetao101

Seed Round in 2018
Hetao101, also known as Walnut Coding, is an educational technology company based in Haidian, Beijing, China, that focuses on providing programming education for children aged four to twelve. Founded in 2017, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association standards, emphasizing logical thinking and programming skills. The company utilizes an AI-driven online platform and smart products to deliver engaging coding lessons. With a team of over 400 tutors, Hetao101 aims to prepare young learners for future educational opportunities in computer science by offering professional coding training and support.

Hetao101

Seed Round in 2018
Hetao101, also known as Walnut Coding, is an educational technology company based in Haidian, Beijing, China, that focuses on providing programming education for children aged four to twelve. Founded in 2017, Hetao101 develops a specialized curriculum aligned with the Computer Science Teachers Association standards, emphasizing logical thinking and programming skills. The company utilizes an AI-driven online platform and smart products to deliver engaging coding lessons. With a team of over 400 tutors, Hetao101 aims to prepare young learners for future educational opportunities in computer science by offering professional coding training and support.

Fclassroom

Series B in 2017
Fclassroom is an artificial intelligence-powered education firm that develops a smart educational platform designed to enhance the teaching and learning experience. Utilizing its proprietary EI education intelligence system, the company focuses on dynamic data acquisition and intelligent analysis of the learning process, enabling personalized teaching management. The platform incorporates advanced technologies such as image recognition and natural language processing, which assist students with homework and exams while allowing teachers to customize their instructional methods. By integrating these capabilities into a single platform, Fclassroom aims to facilitate homework correction and improve educational outcomes through data-driven precision teaching.

Haoqipei

Series A in 2017
Haoqipei is a Chinese business-to-business trading platform specializing in the auto parts industry, founded in 2016 and headquartered in Shanghai. The company facilitates transactions between auto parts suppliers and auto repair shops, addressing challenges such as complex trading processes and information asymmetry within the market. Haoqipei's platform matches suppliers with customers based on preferences, transaction credit history, and volume, ensuring a secure and streamlined purchasing experience for users. In addition to its digital trading platform, the company provides offline warehousing and logistics services, enhancing the overall efficiency of the auto parts supply chain.

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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