Heart Capital Wins Three Awards Including "Top 50 Best VC Funds of 2023" | Heart News
Stay focused on doing China's tech investment right.
On December 11, the China FOF Research Center released its "2023 Annual Rankings." Heart Capital was named to the "2023 Best VC Funds TOP50," founding partner Yan Han was selected for the "2023 Best VC Fund Investors TOP30," and partner Bingjian Wu was named a "2023 Best Emerging Fund Investor." In 2023, global capital markets faced evolving challenges and opportunities. Despite an environment of broad uncertainty, Heart Capital remained resolute in seizing every possibility. Through a harsh capital winter, the firm pressed forward, making repeated bets in AI and digitalization and backing several standout companies. In June, Heart Capital led the round for "Yunmanman Cold Chain," a leading domestic digital cold-chain freight platform, doubling down on the digital logistics track. In October, "Baichuan," a domestic AI large-model unicorn, announced the successful close of its Series A, with Heart Capital joining as an investor — a continued vote of confidence in the opportunities created by artificial intelligence.
Heart Capital focuses on technology investments in new energy, new mobility, and digitalization, committed to finding genuine value in non-consensus bets. The team made Series A investments in Full Truck Alliance, the world's largest digital freight platform, and "Xpeng Motors," a leading Chinese smart EV company. In the new energy vehicle space, the team has also backed ROX, a new energy SUV brand; JueFX, a provider of high-precision data and localization solutions for intelligent driving; and RoboSense, a developer of smart LiDAR systems. Looking more broadly at new mobility, Heart Capital has invested in Xpeng Motors' global smart flying car brand, "LandSpace," a leading domestic launch vehicle developer and operator, and "Micro-Nano Star," a leading domestic satellite developer and manufacturer. The team continues to bet on the market opportunities created by electrification and intelligence, with the aim of doing Chinese tech investment with heart.
The China FOF Research Center (www.china-fof.com) is a nonprofit platform established in response to the spirit of the State Council's "Opinions on Promoting the Healthy Development of Venture Capital" — specifically, its call to "encourage and standardize the development of market-oriented, professionally managed venture capital fund-of-funds" — and in recognition of the broader trend toward a springtime for China's fund-of-funds industry. Its mission is to advance the development of China's fund-of-funds sector through industry research, news and information services, and collaborative exchange.
Founded in 2022, Heart Capital is an early-stage Chinese venture capital fund focused on technology and digitalization. The team is led by Yan Han, formerly a founding partner at Lightspeed China, alongside core investors, a CFO, and seasoned investors with deep industry backgrounds. Past investments include Series A bets on Xpeng Motors (NYSE: XPEV, 09868.HK), Full Truck Alliance (NYSE: YMM), as well as FinVolution (NYSE: FINV), Baichuan, Yunmanman Cold Chain, Fan Deng Reading, RoboSense, World Logistics, Micro-Nano Star, LandSpace, Lanhu, Starfield, and others. Rooted in China with a global outlook, Heart Capital is committed to finding genuine value in non-consensus bets. The firm respects the value of people and champions the potential of the human spirit, looking forward to accompanying more young Chinese entrepreneurs in building stronger businesses at home and reaching out to the world.
