Xianghe Capital
VC Fund
Beijing, China
Xianghe Capital is a VC fund in Beijing focused on Artificial Intelligence and Manufacturing. Founded by Mr. Hesong Tang and Ms. Maggie Yang, Xiang He Capital is a venture capital fund focusing on early and growth stage investments in TMT industry in China. Before starting Xiang He, Mr. Tang was Baidu's VP of Corporate Development, overseeing strategic investments and M&A, and Ms. Yang was Baidu's Managing Director ofCorporate Development. They have led a series of landscape-changing deals such as iQiyi, Qunar, PPS and 91 wireless, which all have a significant impact on China's TMT industry.Xiang He's team have a background from Corporate Development of Baidu, other leading internet companies, and VC funds. The team is particularly strong in strategic analysis and has deep connections in the internet industry. Xiang He's investments are driven by strategic analysis and collective wisdom.
- Total investments:
- 88
- Last investment:
- Lead investor:
- 28%
- Fund size:
- $425M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Xianghe Capital invests in
Stages Xianghe Capital invests in
Countries Xianghe Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series A
- $14M–$101M
- Series B
- $15M–$223M
- Series C
- $14M–$100M
Investment Focus
Industry
- Artificial Intelligence 11 (13%)
- Manufacturing 7 (8%)
- Transportation 7 (8%)
- Logistics 6 (7%)
- E-Commerce 5 (6%)
Stage
- Series B 18 (20%)
- Series A 13 (15%)
- Series C 13 (15%)
- Seed 6 (7%)
- Series D 6 (7%)
Country
- China 48 (55%)
- Hong Kong 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Hesong Tang
Founding Partner
|
Founding Partner | Total investments: 17 | Find email | |
Maggie Yang
Co-Founding Partner
|
Co-Founding Partner | Total investments: 1 | Find email | |
Norbert Reithofer
pank
|
pank | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
|
Aifei Intelligent Pharma
|
AIPher is a medicine development firm that is AI-native. The organization describes itself as a pharmaceutical company that is AI-native. | $14.9M / Angel / Sep 03, 2026 | |
|
YMC Semiconductor
|
YUMEI Semiconductor is a semiconductor equipment company that specializes in semiconductor services. Its primary activities include research and development, production, and sales of specific equipment for semiconductor devices. | $223.2M / Series B / Aug 27, 2026 | |
| Pioneer Semiconductor develops semiconductor manufacturing equipment for ALD, PECVD, and epitaxial processes. Its product portfolio includes thermal ALD, plasma-enhanced ALD, silicon and silicon carbide epitaxy, PECVD, and atomic layer etching equipment. The equipment is used in semiconductor chip manufacturing, advanced packaging, power devices,RF components, and other applications. Pioneer Semiconductor also provides equipment installation, commissioning, technical training, parts supply, and after-sales support. | $223.2M / Series B / Aug 27, 2026 | ||
| Liangyuan Innovation is an artificial intelligence startup focused on embodied intelligence and humanoid robotics. | Seed / Aug 14, 2026 | ||
|
Valhalla Technology
|
Valhalla Tech develops full-modal molecular world models to engineer novel proteins, nucleic acids, and small molecules from scratch. The platform integrates generative artificial intelligence with automated high-throughput experimental testing to accelerate molecular and biomolecular design. Its core technology operates across multiple molecularmodalities to simulate complex physical and chemical interactions. The enterprise applies these computational frameworks to solve challenges in drug discovery, therapeutics, and broader scientific research. | $7.4M / Seed / Jul 28, 2026 | |
|
Yin Gong Technology
|
Yin Gong Technology develops energy storage technology. It is an innovative battery technology developer in the green technology field. | $14.7M / Seed / Jul 01, 2026 | |
Sand.ai
|
Sand AI is an AI company that focuses on producing videos. | Series B / Jun 22, 2026 | |
|
Guangyu Yuanxin
|
Guangyu Yuanxin is a semiconductor technology service provider that specializes in offering ultra-high precision display screen services for metaverse HMI devices like AR and VR. | $14.8M / Seed / Jun 01, 2026 | |
Chuguang 3D
|
Chuguang 3D is a optical micro-nano 3D sensor technology platform that focuses on research and development, and manufacturing of micro-nano-level optical three-dimensional sensing and measurement and testing instruments. | Seed / May 13, 2026 | |
TARS
|
Zhihang Zhong is a prominent researcher in the field of artificial intelligence, particularly known for his work on integrating spatial perception and reasoning into AI systems. | $513.1M / Seed / Apr 16, 2026 | |
| See all 88 investments → | |||
Co-Investors
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FAQ
What does Xianghe Capital invest in?
Xianghe Capital invests primarily in Artificial Intelligence, Manufacturing and Transportation startups, most often at Series B and Series A stage. Most of the 88 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Xianghe Capital's check size?
Xianghe Capital typically joins rounds of $14M–$101M at Series A, $15M–$223M at Series B and $14M–$100M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Xianghe Capital participates in.
How do I contact Xianghe Capital?
Public channels for Xianghe Capital include 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 Xianghe Capital?
The team at Xianghe Capital includes Hesong Tang (Founding Partner), Maggie Yang (Co-Founding Partner) and Norbert Reithofer (pank). 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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