# Xianghe Capital

> Xianghe Capital is a VC fund backing Artificial Intelligence. See 83 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 83
- Last investment: Jul 2026
- Lead investor: 29%
- Fund size: $425M
- Last fund: Sep 2019
- Last updated: Aug 2026
- Website: http://www.xianghecap.com/weben/index.php

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.

## Contacts

5 contacts available for Xianghe Capital. Shizune tracks 3 team members at Xianghe Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/xianghe-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $14M–$101M |
| Series B | $14M–$100M |
| Series C | $14M–$100M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Artificial Intelligence | 11 | 13% |
| Manufacturing | 7 | 8% |
| Transportation | 7 | 8% |
| Logistics | 6 | 7% |
| E-Commerce | 5 | 6% |

77 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 18 | 22% |
| Series A | 13 | 16% |
| Series C | 13 | 16% |
| Seed | 6 | 7% |
| Series D | 6 | 7% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 48 | 58% |
| Hong Kong | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Hesong Tang | Founding Partner | 17 | https://shizune.co/investors/profile/hesong-tang |
| Maggie Yang | Co-Founding Partner | 1 | https://shizune.co/investors/profile/maggie-yang |
| Norbert Reithofer | pank | 0 | https://shizune.co/investors/profile/norbert-reithofer |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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 |  |
| TARS | TARS (Trusted AI and Robotics Solution) is creating humanoid robots. The AI-driven company specializes in embodied intelligence, integrating large-scale model development, hardware R&D, and the mass production of unified software and hardware solutions. | $513.1M | Seed | Apr 16, 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. | $101.3M | Series A | Feb 14, 2026 |  |
| Sunmiao Technology | Sunmiao Technology focused on the research and development of 3D computing chips. |  | Seed | Feb 13, 2026 |  |
| Galaxea AI | Xinghaitu is an intelligent robot technology company that specializes in the development of humanoid robots with embodied intelligence. | $144.7M | Series B | Feb 11, 2026 |  |

10 of 83 investments shown.

## Co-investors
- [HSG](https://shizune.co/investors/profile/sequoia-capital-china) — VC Fund, 11 deals together
- [Hillhouse Investment](https://shizune.co/investors/profile/hillhouse-capital) — VC Fund, 8 deals together
- [GGV Capital](https://shizune.co/investors/profile/ggv-capital) — VC Fund, 6 deals together
- [HSG](https://shizune.co/investors/profile/hsg-cap) — VC Fund, 6 deals together
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund, 6 deals together
- [Linear Capital](https://shizune.co/investors/profile/linear-capital) — VC Fund, 6 deals together

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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 83 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, $14M–$100M 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 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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