China · Investor

Xianghe Capital

Last cheque observed Jul 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $425M, Sept 2019VC firm

Pre-seedSeedSeries AAIAdvanced_manufacturingNew_energy

Cheques on record
0%of best year0cheques in 12 months, 9 on record
Since the last cheque474days00hrs00min00sec
Median round$50MRounds led0 of 9Sole investor1 roundsMostly inChina, 78%
Pitch Xianghe Capital

Xianghe Capital highlights

  1. 01

    9 rounds on record

  2. 02

    Mostly Series B and Seed: 50% of its rounds

  3. 03

    Sole investor in 1 rounds, median $15M

What they do

Xianghe Capital is a venture capital fund focused on early-stage opportunities in fields such as artificial intelligence, advanced manufacturing, new energy, and new materials.Translated from Chinese, from their own website
Type
VC firm
Cheque size
Not stated
Stages
Pre-seedSeedSeries A
Sectors
AIAdvanced_manufacturingNew_energy
Based in
China
Cold pitches
Not stated

The record

Every round we can evidence, newest first9 appearances

  1. 2025

    1 round

  2. Jul
    TARSSeed · CN · TechNode$122MWith 9 others
  3. 2019

    2 rounds

  4. Oct
    Yunxi TechnologySeries B · CN · DealStreetAsia$50MWith 1 other
  5. Feb
    LalamoveSeries D · HK · TechCrunch$300MWith 8 others
  6. 2018

    3 rounds

  7. Mar
    DataCanvasCN · China Money Network$15MSole investor
  8. Mar
    InfervisionCN · China Money Network$47MWith 4 others
  9. Jan
    Easy CarrySeries A · CN · China Money Network$19MWith 2 others
  10. 2017

    3 rounds

  11. Dec
    Kuiakan ManhuaCN · China Money Network$177MWith 1 other
  12. Sept
    ZuoyebangSeries C · CN · FinSMEs$150MWith 4 others
  13. Jan
    LalamoveSeries B · HK · FinSMEs$30MWith 3 others

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 registration3 named

HTHesong TangDirector and Chief Executive Officer of the EraiForm ADV
LYLiu YangDirector of the EraiForm ADV
WLWei LiGeneral Counsel of the EraiForm ADV

We also hold 7 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

$1.6Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Empower Harvest Management Services, Inc.
SEC number
CRD 284291

What they claim to have backed

From their own portfolio page (on their website)

3 of 41 we have independently watched raise

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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.

Who they invest alongside

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

Recently backed

The latest companies Xianghe Capital put money into.

Quick answers about Xianghe Capital

What does Xianghe Capital invest in?

Xianghe Capital invests most often at Series B and Seed (50% of the rounds on record), in sectors such as AI, Advanced_manufacturing and New_energy.

How active is Xianghe Capital?

9 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2025.

What has Xianghe Capital invested in recently?

Its most recent investments on record: TARS (Seed, Jul 2025), Yunxi Technology (Series B, Oct 2019) and Lalamove (Series D, Feb 2019).

How big are Xianghe Capital's cheques?

The median round it joins is $50M.

Does Xianghe Capital lead rounds?

Rarely, if at all: none of its 9 investments on record names it as the lead.

Where does Xianghe Capital invest?

Most of the companies it backs are in China (78%) and Hong Kong SAR China (22%).

Is Xianghe Capital investing now?

No investments in the last 12 months; the latest was in Jul 2025.

Who does Xianghe Capital invest alongside?

Most often Sequoia Capital (3 rounds together), Qiming Venture Partners (2 rounds together) and Sequoia Capital China (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it