Heart Capital Founding Partner Yan Han Ranked on Forbes China Midas List for Seventh Consecutive Year | Heart Capital NEWS
Invest with conviction in China's technology sector.
On December 16, Forbes China released its "2025 China Venture Capitalists 100" list, with Yan Han, Founding Partner of Heart Capital, making the cut. This marks Han's seventh consecutive year on the Forbes China VC list. Han graduated from the Department of Electronic Engineering at Shanghai Jiao Tong University and previously worked as an engineer at Microsoft China and as a core member and consultant on McKinsey & Company's Telecom, Media & High-Tech research team. Over nearly two decades in venture capital, Han has founded and managed two VC brands: Lightspeed and Heart Capital.
Across his nearly twenty-year global venture capital career, Han has become an early investor in numerous industry-leading companies, including MetaX (688802.SH) at the Pre-A round, Xpeng Motors (NYSE: XPEV, 09868.HK) and Full Truck Alliance (NYSE: YMM) at the A round, and FinVolution (NYSE: FINV) at the B round, alongside other successful early investments such as Micro-Nano Aerospace, LandSpace, Xpeng AeroHT, Lanhu, 06810.HK, LuoKe Intelligence, and Fan Deng Reading. Han has continued to deepen his focus on artificial intelligence and underlying key technologies, building a formidable position in AI computing power. Yesterday, MetaX — the domestic GPU chip company Han backed at the Pre-A round — officially listed on the STAR Market, with its market cap surpassing 330 billion RMB. This successful IPO represents not only a milestone for MetaX but also a new phase for domestic GPU chips moving beyond "proof of concept" toward scale and commercialization. Previously, Han also invested in Xi Wang, a full-stack self-developed computing chip enterprise. These investments reflect his long-term conviction in China's hard tech innovation and breakthroughs in core technologies.
Heart Capital is building an increasingly clear vision of the future along the trajectory of Chinese technology: starting from artificial intelligence and embodied intelligence, rooting inward into foundational layers such as chip semiconductors and controlled nuclear fusion, and expanding outward into the vast domains of aerospace and ocean. Confronting these grand propositions that will define the future, we will continue to seek out and support entrepreneurs with global vision and unwavering dedication, becoming their most steadfast companions.
This year marks the 19th consecutive year that Forbes China has conducted independent research on venture capitalists active in mainland China, identifying 100 investors with strong track records over the past five years from nearly a thousand samples recommended by hundreds of VC firms.
Founded in 2022, Heart Capital is an early-stage venture capital fund focused on technology and digitization in China. The Heart Capital team is primarily composed of Yan Han, founding partner of Lightspeed, core investors, a chief financial officer, and seasoned investors from industry backgrounds. The team's past investments include Xpeng Motors (NYSE: XPEV, 09868.HK), Full Truck Alliance (NYSE: YMM), and MetaX (688802.SH) at the A round, as well as FinVolution (NYSE: FINV), RoboSense (02498.HK), Baichuan, Manbang Cold Chain, Fan Deng Reading, World Logistics, Micro-Nano Aerospace, LandSpace, Lanhu, and Starfield, among others. Rooted in China with a global outlook, Heart Capital is committed to finding genuine value in non-consensus. The firm respects the value of "people" and champions the potential of the "heart," looking forward to accompanying more young Chinese entrepreneurs in strengthening China and expanding onto the world stage.