# Tsinghua Holdings Capital

> Tsinghua Holdings Capital is a VC fund backing Manufacturing. See 90 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 90
- Last investment: Aug 2026
- Lead investor: 24%
- Last fund: Oct 2018
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/tsinghua-holdings-capital/
- Website: http://www.thcapital.com.cn/

Tsinghua Holdings Capital (THC) is a Beijing-based private equity investment fund with a focus on high-end technology, industrials and healthcare. The fund has grown steadily since its inception in 2007 when it was operating as Tsinghua Holdings Group's specialised PE investment arm, focusing on discovering and investing in China'sleading enterprises in high growth business sectors such as industrials, TMT and entertainment. With over RMB 10billion in assets under management, Tsinghua Holdings Capital has a proven record of delivering strong returns through its specialized funds. Investments are made through either growth capital or management buyouts. The fund is privately owned with a traditional GP/LP structure.

## Contacts

5 contacts available for Tsinghua Holdings Capital. Shizune tracks 4 team members at Tsinghua Holdings Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/tsinghua-holdings-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Angel | $425k–$69M |
| Series A | $8.5M–$147M |
| Series B | $2.8M–$296M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 20 | 22% |
| Artificial Intelligence | 15 | 17% |
| Robotics | 11 | 12% |
| Software | 8 | 9% |
| Information Technology | 6 | 7% |

84 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 21 | 23% |
| Angel | 15 | 17% |
| Series B | 12 | 13% |
| Seed | 11 | 12% |
| Series C | 8 | 9% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 66 | 73% |
| United States | 3 | 3% |
| Hong Kong | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Yuanfeng Li | Managing Partner Buyout Fund | 1 | https://shizune.co/investors/profile/yuanfeng-li |
| Anjun Shi | Chief Financial Officer | 0 | https://shizune.co/investors/profile/anjun-shi |
| Desong Fang | Managing Partner Healthcare Fund | 0 | https://shizune.co/investors/profile/desong-fang |
| Pan Dong | Managing Partner & Head of Strategy | 0 | https://shizune.co/investors/profile/pan-dong |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Yaozheng Quantum Technology | UnitQC is a China‑based quantum technology company focused on trapped‑ion quantum computing systems and related products. |  | Series A | Aug 03, 2026 |  |
| GCL Optoelectronics | GCL Optoelectronics is a supplier of perovskite solar modules, focusing on the R&D and production of perovskite solar modules. | $14.8M | Series D | Aug 03, 2026 |  |
| Ciyuan Infinite Technology | Ciyuan Infinite Technology is an AI programming technology company that provides programming support for enterprises. |  | Angel | Jul 27, 2026 |  |
| Yuequan Bionics | Yuequan Bionics specializing in bionic sports intelligence, bionic health systems and equipment, and humanoid robots. |  | Series A | Jul 20, 2026 |  |
| Deepin Technology | Deepin Technology is a company that utilizes artificial intelligence, quantum chemistry, and high-throughput experiment technologies to enhance the efficiency and workflow of chemical material innovation. it offers efficient R&D solutions for chemical materials, aiming to solve lab bottlenecks, promote innovative research, and enhance customervalue. |  | Series A | Jul 14, 2026 |  |
| Approaching.AI | Approaching.AI is an AI Infra company focusing on the important large model application scenarios such as RAG. |  | Series A | Jul 12, 2026 |  |
| Yishi Technology | Yishi Technology is an autonomous driving solution provider. It mainly uses radar semantics and visual semantics to create map-free/light map autonomous driving solutions |  | Angel | Jul 12, 2026 |  |
| Logicbit Technology | Logic Bit is a developer of large-scale superconducting quantum computing devices. Logic Bit has established technological reserves that encompass the full process of superconducting quantum chip design, micro-nano processing, radio frequency control, quantum computation, and simulation. |  | Series A | Jul 09, 2026 |  |
| VAST | VAST is an artificial intelligence business that develops and manufactures general-purpose 3D big models. Its goal is to develop a popular 3D content production tool, a 3D user-generated content platform, and utilize 3D space to enhance user experience. | $147.3M | Series A | Jul 02, 2026 |  |
| StarNuclear Fusion | StarNuclear Fusion is focused on the "high-temperature superconductivity + advanced quasi-isotropic propulsion (QI)" stellarator technology roadmap. | $122.3M | Series A | Jun 30, 2026 |  |

10 of 90 investments shown.

## Co-investors
- [Fortune Venture Capital](https://shizune.co/investors/profile/fortune-venture-capital) — VC Fund, 11 deals together
- [Highlight Capital](https://shizune.co/investors/profile/highlight-capital-llc) — VC Fund, 9 deals together
- [Shenzhen Capital Group](https://shizune.co/investors/profile/shenzhen-capital-group) — VC Fund, 8 deals together
- [CAS Star](https://shizune.co/investors/profile/cas-star) — VC Fund, 6 deals together
- [Lenovo Capital and Incubator Group (LCIG)](https://shizune.co/investors/profile/lenovo-capital-and-incubator-group-lcig) — VC Fund, 6 deals together
- [GF Xinde Investment Management](https://shizune.co/investors/profile/gf-xinde-investment-management) — VC Fund, 5 deals together

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## FAQ

### What does Tsinghua Holdings Capital invest in?

Tsinghua Holdings Capital invests primarily in Manufacturing, Artificial Intelligence and Robotics startups, most often at Series A and Angel stage. Most of the 90 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Tsinghua Holdings Capital's check size?

Tsinghua Holdings Capital typically joins rounds of $425k–$69M at Angel, $8.5M–$147M at Series A and $2.8M–$296M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Tsinghua Holdings Capital participates in.

### How do I contact Tsinghua Holdings Capital?

Public channels for Tsinghua Holdings Capital include LinkedIn 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 Tsinghua Holdings Capital?

The team at Tsinghua Holdings Capital includes Yuanfeng Li (Managing Partner Buyout Fund), Anjun Shi (Chief Financial Officer) and Desong Fang (Managing Partner Healthcare Fund). 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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