# TSVC: portfolio, investments and team

> TSVC is a vc firm based in United States. 84 investments on record, 5 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/tsv-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# TSVC

Last cheque observed Sep 2026; 84 cheques on record.

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Deploying now New fund $20M, Apr 2026 VC firm

Pre-seed Seed Series A Protein Biopharma Genomics

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Deploying now

**42%** of best year **5** **cheques in 12 months**, 84 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$5.0M** Cheque size, as they say **$500K – $2.0M** Rounds led **0 of 84** Sole investor **19 rounds** Exits **2 from the portfolio** Mostly in **United States, 92%**

Pitch TSVC

## TSVC highlights

- 01 5 cheques in the last 12 months
- 02 Mostly Venture and Seed: 59% of its rounds
- 03 Sole investor in 19 rounds, median $5.1M
- 04 2 exits from the portfolio

## What they do

> We invest in Physical AI Deep Tech Immigrant Founders From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $500K – $2.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Protein Biopharma Genomics
- **Based in:** Los Altos, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **84 appearances**

- **2026** 5 rounds
- **Sept** **[Menos AI](https://millionrounds.com/company/menos-ai)** Seed · US **$5.1M** Sole investor
- **Jul** **[Oculi](https://millionrounds.com/company/oculi)** Venture · US **$3.0M** With 1 other
- **Mar** **[Dexmate](https://millionrounds.com/company/dexmate)** Venture · US **$41M** Sole investor
- **Mar** **[EGI Battery](https://millionrounds.com/company/egi-battery)** Seed · US **$10M** Sole investor
- **Feb** **[Expert Intelligence](https://millionrounds.com/company/expert-intelligence)** Seed · US **$4.7M** With 1 other
- **2025** 10 rounds
- **Oct** **[Petal Surgical](https://millionrounds.com/company/petal-surgical)** Series A · US **$10M** With 1 other
- **Oct** **[IndustrialMind](https://millionrounds.com/company/industrialmind)** Pre-seed · US **$1.2M** With 2 others
- **Sept** **[Leadoptik](https://millionrounds.com/company/leadoptik)** Series A · US **$4.6M** With 3 others
- **Aug** **[Menos AI](https://millionrounds.com/company/menos-ai)** Seed · US **$5.2M** Sole investor
- **Jul** **[Aptitude Medical Systems](https://millionrounds.com/company/aptitude-medical-systems)** Grant · US **$9.0M** Sole investor
- **Jul** **[Multibeam](https://millionrounds.com/company/multibeam)** Series B · US **$31M** Sole investor
- **Jul** **[Tippsy](https://millionrounds.com/company/tippsy)** Venture · US **Undisclosed** With 2 others
- **Jul** **[Perceptive](https://millionrounds.com/company/perceptive)** Venture · US **Undisclosed** With 2 others
- **Feb** **[Lumotive](https://millionrounds.com/company/lumotive)** Series B · US **$59M** With 1 other
- **Jan** **[Zeta Surgical](https://millionrounds.com/company/zeta-surgical)** Series A · US **$5.0M** With 3 others
- **2024** 11 rounds
- **Dec** **[Pearson Labs](https://millionrounds.com/company/pearson-labs)** Pre-seed · US **$500K** With 1 other
- **Nov** **[Wefunder](https://millionrounds.com/company/wefunder)** Venture · US **$3.5M** With 4 others
- **Oct** **[Calicat](https://millionrounds.com/company/calicat)** Series A · US **$3.0M** Sole investor
- **Sept** **[Discure Technologies](https://millionrounds.com/company/discure-technologies)** Series A **$11M** With 3 others
- **Aug** **[Maicoin](https://millionrounds.com/company/maicoin)** Venture · US **Undisclosed** With 3 others
- **Mar** **[ESTAT Actuation](https://millionrounds.com/company/estat-actuation)** Venture · US **Undisclosed** With 3 others
- **Mar** **[MyShell](https://millionrounds.com/company/myshell)** Seed · US **$11M** With 3 others
- **Mar** **[Vervoe](https://millionrounds.com/company/vervoe)** Venture · AU **Undisclosed** With 1 other
- **Feb** **[Intros AI](https://millionrounds.com/company/intros-ai)** Seed · US **$1.3M** With 1 other
- **Feb** **[Huski.ai](https://millionrounds.com/company/huski-ai)** Seed · US **$8.3M** With 1 other
- **Jan** **[eBots](https://millionrounds.com/company/ebots)** Venture · US **$1.0M** Sole investor
- **2023** 14 rounds
- **Nov** **[Peblla](https://millionrounds.com/company/peblla)** Venture · US **Undisclosed** Sole investor
- **Oct** **[Forta](https://millionrounds.com/company/forta)** Series A · US **$55M** With 6 others
- **Oct** **[Ridge Security](https://millionrounds.com/company/ridge-security)** Series A · US **$500K** Sole investor
- **Sept** **[Oculi](https://millionrounds.com/company/oculi)** Venture · US **Undisclosed** Sole investor
- **Aug** **[Franklin Whole Home](https://millionrounds.com/company/franklin-whole-home)** Series B · AU **$25M** Sole investor
- **Aug** **[Kinumi](https://millionrounds.com/company/kinumi)** Seed · US **$250K** With 1 other
- **Aug** **[Company Six Group](https://millionrounds.com/company/company-six-group)** Venture **Undisclosed** With 1 other
- **Jul** **[Simbryo](https://millionrounds.com/company/simbryo)** Pre-seed · US **$500K** Sole investor
- **Jun** **[BanterAI](https://millionrounds.com/company/banterai)** Pre-seed · US **$250K** With 1 other
- **May** **[ProbiusDx](https://millionrounds.com/company/probiusdx)** Series B · US **$3.0M** With 2 others
- **Apr** **[Layup](https://millionrounds.com/company/layup)** Venture · US **Undisclosed** With 2 others
- **Mar** **[DeepMotion](https://millionrounds.com/company/deepmotion)** Venture · US **Undisclosed** With 1 other
- **Mar** **[City From Naught](https://millionrounds.com/company/city-from-naught)** Pre-seed · CA **$500K** Sole investor
- **Jan** **[Revery AI](https://millionrounds.com/company/revery-ai)** Venture · US **Undisclosed** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

CS **Charles Shao** Manager of the Investment Manager and Managing Member of the GP i Filing they signed

CX **Chun Xia** Manager of the Investment Manager and Managing Member of the GP i Filing they signed

EZ **Eugene Zhang** Manager of the Investment Manager and Managing Member of the GP i Filing they signed

LW **Lisheng Wang** Managing Member of the GP i Filing they signed

SG **Spencer Greene** Manager of the Investment Manager and Managing Member of the GP i Filing they signed

XS **Xiaofeng Shao** Manager of the Manager i Filing they signed

We also hold **21** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$98M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** TSVC Management LLC
- **SEC number:** CRD 315790

## What they claim to have backed

From their own portfolio page (on their website)

**49** of 60 we have independently watched raise

[Anglehealth](https://millionrounds.com/company/angle-health)[Apptopia](https://millionrounds.com/company/apptopia)[Avivalinks](https://millionrounds.com/company/aviva-links)[Avoma](https://millionrounds.com/company/avoma)[Blueprint Registry](https://millionrounds.com/company/blueprint-registry)[Calicat](https://millionrounds.com/company/calicat)[Carta](https://millionrounds.com/company/carta)[Cassianetworks](https://millionrounds.com/company/cassia-networks)[Citcon](https://millionrounds.com/company/citcon)[Civilmaps](https://millionrounds.com/company/civil-maps)[D-matrix](https://millionrounds.com/company/d-matrix)[Dexmate](https://millionrounds.com/company/dexmate)[Ebots](https://millionrounds.com/company/ebots)[Elementbiosciences](https://millionrounds.com/company/element-biosciences)[Equityzen](https://millionrounds.com/company/equityzen)[Gaatu](https://millionrounds.com/company/gaatu)[Ginkgobioworks](https://millionrounds.com/company/ginkgo-bioworks)[Iterable](https://millionrounds.com/company/iterable)[Jaspertherapeutics](https://millionrounds.com/company/jasper-therapeutics)[Kinetabio](https://millionrounds.com/company/kineta)[Kubit](https://millionrounds.com/company/kubit)[Leadoptik](https://millionrounds.com/company/leadoptik)[Lexmachina](https://millionrounds.com/company/lex-machina)[Lumotive](https://millionrounds.com/company/lumotive)[Maicoin](https://millionrounds.com/company/maicoin)[Medrio](https://millionrounds.com/company/medrio)[Metalenz](https://millionrounds.com/company/metalenz)[Mobagel](https://millionrounds.com/company/mobagel)[Musely](https://millionrounds.com/company/musely)[Myhealthteams](https://millionrounds.com/company/myhealthteams)[Neuvector](https://millionrounds.com/company/neuvector)[Oculi](https://millionrounds.com/company/oculi)[Opentrons](https://millionrounds.com/company/opentrons)[Oracle](https://millionrounds.com/company/oracle)[Perceptive](https://millionrounds.com/company/perceptive)[Pindrop](https://millionrounds.com/company/pindrop)[Playfab](https://millionrounds.com/company/playfab)[Plus](https://millionrounds.com/company/plus)[Preveta](https://millionrounds.com/company/preveta)[Privatecore](https://millionrounds.com/company/privatecore)[Quanergy](https://millionrounds.com/company/quanergy)[Ridge Security](https://millionrounds.com/company/ridge-security)[Simplecitizen](https://millionrounds.com/company/simplecitizen)[Studyedge](https://millionrounds.com/company/studyedge)[Trustgo](https://millionrounds.com/company/trustgo)[Vervoe](https://millionrounds.com/company/vervoe)[Wefunder](https://millionrounds.com/company/wefunder)[Womply](https://millionrounds.com/company/womply)[Zetasurgical](https://millionrounds.com/company/zeta-surgical) Alpineoptoelectronics Apply Atrius Automatsoln Beagle-tech Bot Orange Celldom Cloudeagle Discuremd Estat Exa Labs and 13 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[9SLIDES](https://millionrounds.com/company/9slides)** Bought by Limeade **Undisclosed** Jun 2015

**[Nimble VR](https://millionrounds.com/company/nimble-vr)** Bought by Oculus VR **Undisclosed** Dec 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$20M**

raised in Apr 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$5.0M** the round, not its cheque Alone, median **$5.1M**

Led 0 of 84 rounds **0%**

- **Said size:** $500K – $2.0M
- **Sole investor:** 19 rounds
- **Last cheque:** Sept 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Venture *27*
- Seed said *21*
- Series A said *17*
- Series B said *8*
- Pre-seed said *6*
- Debt *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 12
- [500 Global](https://millionrounds.com/fund/500-startups) 7
- [GSR](https://millionrounds.com/fund/gsr) 3
- [Kima Ventures](https://millionrounds.com/fund/kima-ventures) 3
- [Plug and Play](https://millionrounds.com/fund/plug-and-play) 3
- [TEEC Angel Fund](https://millionrounds.com/fund/teec-angel-fund) 3

**Pitching TSVC?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as TSVC. A count of rooms they were both in, not a relationship either has claimed.

[**Y Combinator** Accelerator **12** rounds together](https://millionrounds.com/fund/y-combinator)[**500 Global** Angel **7** rounds together](https://millionrounds.com/fund/500-startups)[**GSR** VC firm **3** rounds together](https://millionrounds.com/fund/gsr)[**Kima Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/kima-ventures)[**Plug and Play** Accelerator **3** rounds together](https://millionrounds.com/fund/plug-and-play)[**TEEC Angel Fund** VC firm **3** rounds together](https://millionrounds.com/fund/teec-angel-fund)[**Techstars** VC firm **3** rounds together](https://millionrounds.com/fund/techstars)[**Alumni Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Amino Capital** Accelerator **2** rounds together](https://millionrounds.com/fund/amino-capital)[**BDMI** Corporate VC **2** rounds together](https://millionrounds.com/fund/1745-ventures)[**Draper Associates** VC firm **2** rounds together](https://millionrounds.com/fund/draper-associates)[**FundersClub** VC firm **2** rounds together](https://millionrounds.com/fund/fundersclub)

## Recently backed

The latest companies TSVC put money into.

[**Menos AI** $5.1M · Sept 2026](https://millionrounds.com/company/menos-ai)[**Oculi** $3.0M · Jul 2026](https://millionrounds.com/company/oculi)[**Dexmate** $41M · Mar 2026](https://millionrounds.com/company/dexmate)[**EGI Battery** $10M · Mar 2026](https://millionrounds.com/company/egi-battery)[**Expert Intelligence** $4.7M · Feb 2026](https://millionrounds.com/company/expert-intelligence)[**Petal Surgical** $10M · Oct 2025](https://millionrounds.com/company/petal-surgical)

## Quick answers about TSVC

### What does TSVC invest in?

TSVC invests most often at Venture and Seed (59% of the rounds on record), in sectors such as Protein, Biopharma and Genomics.

### How active is TSVC?

84 investments on record, 5 of them in the last 12 months. The most recent was in Sept 2026.

### What has TSVC invested in recently?

Its most recent investments on record: Menos AI (Seed, Sept 2026), Oculi (Venture, Jul 2026) and Dexmate (Venture, Mar 2026).

### How big are TSVC's cheques?

The median round it joins is $5.0M. It says it writes cheques of $500K to $2.0M.

### Does TSVC lead rounds?

Rarely, if at all: none of its 84 investments on record names it as the lead.

### Where does TSVC invest?

Most of the companies it backs are in the United States (92%) and Australia (5%).

### Is TSVC investing now?

Yes: it is actively investing, with 5 investments in the last 12 months.

### Who does TSVC invest alongside?

Most often Y Combinator (12 rounds together), 500 Global (7 rounds together) and GSR (3 rounds together).

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