What stage does XVC Venture Capital invest at?

XVC Venture Capital invests at the Seed, Series A, Series C, Late Stage stages.

What is XVC Venture Capital's typical check size?

XVC Venture Capital typically writes checks of $1M – $30M.

Where is XVC Venture Capital located?

XVC Venture Capital is headquartered in Beijing, CN.

Does XVC Venture Capital lead rounds?

XVC Venture Capital typically participates in rounds rather than leading them.

XVC Venture Capital

Venture capital

Beijing · Seed–Late Stage · 7 people tracked

Also known as XVC MANAGEMENT LTD.

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Investment thesis

XVC is a dual-currency fund investing in early-stage technology and consumer companies, favouring a concentrated, high-conviction approach of placing large bets on major opportunities at an early stage. The team believes technology can improve the world and works closely with founders, providing hands-on support ranging from recruiting to data analysis while aiming to 'help without getting in the way'. Its investment team has extensive experience, and companies it has backed have reached a cumulative market value exceeding $100 billion, including consumer and internet names such as Kuaishou, Weee!, Hetao Programming and Chagee.

Invests inAI & Machine Learning Consumer E-commerce EdTech Enterprise Software Fintech FoodTech Hardware Media & Entertainment Mobility & Transportation Retail Tech SaaSBeijingChina

Source: firm website, verified Aug 11, 2026.

Stage

Seed–Late Stage

Check

$1M – $30M

Beijing, CN

Leads rounds

Follows

Instruments

Equity

Founded

2016

AUM

$1.2B

VC funds

Tracked investments

Team · 7 people

from the firm's website & public directories

博予

An idealistic entrepreneur and product enthusiast with over a decade of investing experience, previously at Morgan Stanley, DCM and Lanchi Ventures. He is known for concentrated early-stage bets on major opportunities, with backed companies including Kuaishou, Weee!, Hetao Programming and Chagee. Before investing he spent nearly ten years as an entrepreneur, co-founding Amarsoft, a listed credit-management software company. He holds an MBA from Kellogg.

姚睿

Before joining XVC he worked at GGV Capital and The Carlyle Group, moving from PE to VC in 2014 to grow alongside innovative founders. At GGV he focused on new demographics, interaction and consumption, participating in investments including Zuiyou, Hellobike, Tangdou, Musical.ly and Zuoyebang. A Fudan University graduate, he emphasises hands-on support for portfolio companies.

陆宜

Before joining XVC he worked at Lanchi Ventures alongside Boyu, researching industries and managing several startups, and earlier at Bain & Company's Shanghai and Sydney offices on private equity due diligence and Fortune 500 strategy. A lifelong internet builder and outdoor enthusiast, he studied software engineering at Fudan University and holds an MBA from Kellogg.

Boyu Hu· Partner

b•••@xvc.comreveal

Leo Lu· Partner

y•••@xvc.comreveal

仕煊

A team member who approaches understanding the world through an abstract lens, curious about how things work and believing innovation and reconstruction create value. A keen Sony camera user and landscape photography enthusiast.

杨潇

Responsible for the fund's risk control, he studied accounting at Renmin University and previously audited internet companies at EY, later spending two years running fund operations at Geekbang Venture. A rational, logic-driven professional with a Stoic outlook.

Investments · 15 tracked

founders shown can be your intro path

Zhihu (知乎)zhihu.comNYSE: ZH

Chagee

Hellobike

Bike-sharing and mobility platform.

Hetao Coding

Kuaishou

Asian social media and content sharing platform for creating and sharing short videos and live streams with e-commerce integration

Philm黑咔

作业帮

Zuoyebang, online education/homework help platform.

最右

Zuiyou, a community/social app.

快手

Kuaishou, a short-video platform.

快点阅读

核桃编程

Hetao coding education for children.

糖豆广场舞

Tangdou, square-dance video community.

触手TV

Chushou, a game live-streaming platform.

霸王茶姬

魔盒Citybox

Exits · 1

IPOs and acquisitions across the tracked portfolio

Zhihu (知乎)NYSE: ZH

Frequently asked questions

What stage does XVC Venture Capital invest at?: XVC Venture Capital invests at the Seed, Series A, Series C, Late Stage stages.
What is XVC Venture Capital's typical check size?: XVC Venture Capital typically writes checks of $1M – $30M.
What sectors does XVC Venture Capital focus on?: XVC Venture Capital focuses on AI & Machine Learning, Consumer, E-commerce, EdTech, Enterprise Software, Fintech, FoodTech, Hardware, Media & Entertainment, Mobility & Transportation, Retail Tech, SaaS.
Where is XVC Venture Capital located?: XVC Venture Capital is headquartered in Beijing, CN.
Does XVC Venture Capital lead rounds?: XVC Venture Capital typically participates in rounds rather than leading them.

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