HouXue Capital

HouXue Capital (厚雪资本 / 厚雪基金) is a Chinese venture capital fund that appears as a co-lead or participant in growth-stage rounds for hard-tech companies. Per 5Y Capital's reporting, it jointly led the Series A second close of autonomous driving startup PhiGent Robotics in 2022 alongside Shenzhen Capital Group, with GSR Ventures also increasing its stake . More recently, in 2025–2026, it has shown up as a follow-on investor in Shouxing Technology (AheadForm), a humanoid-robotics company developing emotional foundation models and biomimetic facial hardware, where it invested alongside Ant Group, Taihill, and others in one round, and followed on again in a later RMB-hundreds-of-millions A1 round led by China Aerospace Fund and an unnamed major internet company . The name suggests it may be oriented toward concentrated, high-conviction bets ("thick snow" implying deep accumulation), though elsewhere's corpus does not cover its founding team, AUM, or full strategy.