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XVC is a venture capital firm based in Beijing, founded to partner with visionary entrepreneurs. Established with a focus on significant growth potential, the firm manages approximately $1.2 billion in assets under management (AUM). XVC has built a reputation for its research-driven approach and unique organizational structure that empowers individual deal leaders, moving away from traditional investment committee models.
Since its inception, XVC has made 72 investments across various sectors, demonstrating a commitment to identifying scalable business models. The firm’s portfolio includes notable companies such as Kuaishou, which has achieved a successful IPO, and Weee!, a grocery delivery service catering to the Asian community in North America. XVC's strategic focus on sectors that benefit from network effects and data-driven applications positions it as a key player in the venture capital landscape.
With a team of experienced partners and a strong emphasis on collaboration, XVC continues to evolve and adapt to the changing market dynamics. The firm’s geographic focus primarily spans Asia, with particular attention to opportunities that align with its investment thesis.
XVC invests across multiple stages, including Seed, Series A, and Series B, with check sizes ranging from $1 million to $30 million. The firm targets sectors that benefit from network effects, data-driven applications, and self-reinforcing brands. This includes industries such as consumer, SaaS, AI, healthcare, fintech, edtech, logistics, media, energy, and climate.
The firm’s investment strategy emphasizes networks, platforms, and applications that enhance user experience and performance, creating long-term value. XVC seeks to partner with entrepreneurs who demonstrate significant growth potential and align with its focus on scalable business models. The firm’s unique approach allows for flexibility in deal structures and co-investment patterns, enabling it to adapt to the specific needs of each investment opportunity.
XVC's portfolio consists of 72 companies, showcasing a diverse range of sectors and innovative solutions. Notable portfolio companies include:
These companies exemplify XVC's commitment to investing in sectors that leverage network effects and data-driven applications. The firm's focus on scalable business models has resulted in a portfolio with a market value exceeding $100 billion, highlighting its successful investment strategy.
Boyu Hu: Partner at XVC, Boyu co-founded Amarsoft, China's largest credit risk management software company, which went public. His experience in evaluating scalable businesses is a significant asset to the firm.
Leo Lu: Partner at XVC, Leo brings expertise in technology investments and has a strong background in identifying high-potential startups.
Rickey Yao: Partner at XVC, Rickey focuses on consumer internet and enterprise SaaS investments, leveraging his extensive industry knowledge.
Neil: Partner at XVC, Neil specializes in AI and fintech sectors, contributing to the firm's research-driven investment approach.
To pitch XVC, founders should submit their business proposals through the firm's website at Submit Business Plan. The pitch deck should include a clear overview of the business model, market opportunity, and growth strategy. XVC prefers concise presentations that highlight key metrics and potential for scalability.
Response times may vary, but founders can expect feedback within a few weeks. Warm introductions are beneficial but not mandatory for submission.
As of March 2026, XVC has made 72 investments, managing approximately $1.2 billion in assets. The firm continues to focus on TMT (Technology, Media, and Telecommunications) sectors, particularly in consumer internet, enterprise SaaS, and AI.
Notable portfolio highlights include Kuaishou, which achieved a successful IPO, and Weee!, a grocery delivery service catering to the Asian community in North America. XVC's investment strategy emphasizes research-driven approaches and individual deal leader autonomy.
What are XVC's investment criteria?
XVC invests in companies that demonstrate significant growth potential, particularly in sectors benefiting from network effects and data-driven applications. The firm focuses on Seed, Series A, and Series B stages, with check sizes ranging from $1 million to $30 million.
How can I apply or pitch to XVC?
What makes XVC different from other venture capital firms?
XVC's unique organizational structure empowers individual deal leaders, allowing for a more agile decision-making process compared to traditional investment committees. This approach enables the firm to respond quickly to emerging opportunities.
What is XVC's geographic scope?
XVC primarily focuses on investments in Asia, with particular attention to opportunities that align with its investment thesis. The firm also considers global markets, especially those with strong ties to the Asian community.
What kind of post-investment involvement does XVC have?
XVC adds value to its portfolio companies by leveraging its extensive network and expertise in identifying scalable business models. The firm actively supports its companies in enhancing their market presence and operational efficiency.
What is the typical fund size and check size for XVC?
XVC manages approximately $1.2 billion in assets under management, with typical check sizes ranging from $1 million to $30 million for its investments.
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