# DHVC

> DHVC is a VC fund in Palo Alto backing Blockchain and Software. See 205 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Palo Alto, United States
- Total investments: 205
- Last investment: Jun 2024
- Lead investor: 13%
- Fund size: $343M
- Last fund: Feb 2018
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/dhvc-paloalto/about/
- X (Twitter): https://twitter.com/DHVC_US
- Website: http://dh.vc/

DHVC is a venture capital firm based in Palo Alto, California. We invest in Enterprise, Consumer, FinTech, and Healthcare sectors. Our team brings together decades of combined experience in entrepreneurship, operations, investment, and research to serve our portfolio companies in growing and achieving success.

## Contacts

5 contacts available for DHVC. Shizune tracks 6 team members at DHVC. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/danhua-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.2M–$10M |
| Series A | $4M–$38M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 45 | 22% |
| Software | 43 | 21% |
| Information Technology | 26 | 13% |
| Artificial Intelligence | 26 | 13% |
| FinTech | 22 | 11% |

188 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 64 | 31% |
| Series A | 54 | 26% |
| Funding Round | 23 | 11% |
| Series B | 21 | 10% |
| Series C | 13 | 6% |

13 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 119 | 58% |
| China | 25 | 12% |
| Singapore | 8 | 4% |
| Switzerland | 3 | 1% |
| Canada | 2 | 1% |

9 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ali Farahanchi | Partner | 2 | https://shizune.co/investors/profile/ali-farahanchi |
| Andrew Gu | Founding Partner | 0 | https://shizune.co/investors/profile/andrew-gu-2 |
| Judy Yan | Partner | 0 | https://shizune.co/investors/profile/judy-yan |
| Kevin Ding | General Partner | 49 | https://shizune.co/investors/profile/kevin-ding-2 |
| Rachel Wan | Executive Director | 0 | https://shizune.co/investors/profile/rachel-wan |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ink Finance | Ink Finance is a financial SaaS that supports on-chain issuance, settlement, clearing, and analysis of Non-Fungible financial products. Ink enables the financialization of metaverse NFTs, the tapping of DeFi liquidity by venture funds, and the transformation of Web2 finance regime to that of the Web3 era. | $5M | Seed | Jun 07, 2024 |  |
| Shentu Chain | Shentu Chain is a software company that provides security insights and prevents attacks on cryptocurrency. |  | Seed | Mar 12, 2024 |  |
| SURGE Therapeutics | SURGE Therapeutics seeks to dramatically improve cancer patient survival by disrupting cancer immunotherapy is deployed. | $32M | Series B | Jul 19, 2023 |  |
| TensorOpera | TensorOpera, Inc. is an innovative AI company based in Silicon Valley, specifically Palo Alto, California. We specialize in developing scalable and secure AI platforms tailored for enterprises and developers. Its flagship products include: TensorOpera® AI Platform: Accessible at TensorOpera.ai, this platform serves as a comprehensive generative AIecosystem. It features robust tools for enterprise AI platforms, model deployment, model serving, AI agent APIs, and more. It supports launching training and inference jobs on a serverless/decentralized GPU cloud, experimental tracking for distributed training, and enhanced security and privacy measures. TensorOpera® FedML: Available at FedML.ai, this platform is a leader in federated learning and analytics, supporting zero-code implementation. It includes a lightweight, cross-platform Edge AI SDK suitable for edge GPUs, smartphones, and IoT devices. Additionally, it offers a user-friendly MLOps platform to streamline decentralized machine learning and deployment in real-world applications. | $13.2M | Seed | Jun 30, 2023 |  |
| Lifeform | Lifeform provides decentralized identity systems for Web3 avatars. | $5M | Series A | Feb 25, 2023 |  |
| Polyhedra Network | Polyhedra Network is constructing the infrastructure for Web3 interoperability through the use of advanced zero-knowledge proof protocols. | $10M | Seed | Feb 21, 2023 |  |
| Ping | Ping provides international contractors and freelancers with access to a personal Dollar account in the United States. | $15M | Seed | Nov 09, 2022 |  |
| Bitquery | Bitquery is a blockchain data company that develops solutions used to parse, index, and store blockchain data in a unified way. Bitquery overcomes obstacles by providing a unified blockchain GraphQL API interface for accessing blockchain data from over 30 blockchains. It also provides simple and meaningful access to DeFi, DEX protocols, andToken-related data across multiple blockchains. | $8.5M | Seed | Sep 27, 2022 |  |
| Carbon Biosciences | Carbon Biosciences develops genetic medicines for the treatment of devastating diseases. They develop their vector using industrial-scale viral production platforms and can be used to deliver a wide-range of therapeutic modalities. | $38M | Series A | Jun 21, 2022 |  |
| MachineFi Lab | MachineFi Lab operates as a designer for IoT and blockchain technologies. | $10M | Seed | Jun 07, 2022 |  |

10 of 205 investments shown.

## Co-investors
- [Foundation Capital](https://shizune.co/investors/profile/foundation-capital) — VC Fund, 9 deals together
- [Felicis](https://shizune.co/investors/profile/felicis-ventures) — VC Fund, 8 deals together
- [Fenbushi Capital](https://shizune.co/investors/profile/fenbushi-capital) — VC Fund, 8 deals together
- [AME Cloud Ventures](https://shizune.co/investors/profile/ame-cloud-ventures) — VC Fund, 7 deals together
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund, 7 deals together
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 7 deals together

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## FAQ

### What does DHVC invest in?

DHVC invests primarily in Blockchain, Software and Information Technology startups, most often at Seed and Series A stage. Most of the 205 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is DHVC's check size?

DHVC typically joins rounds of $1.2M–$10M at Seed and $4M–$38M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds DHVC participates in.

### How do I contact DHVC?

Public channels for DHVC include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at DHVC?

The team at DHVC includes Ali Farahanchi (Partner), Andrew Gu (Founding Partner) and Judy Yan (Partner), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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