Heart Capital Founding Partner Yan Han Named to "2023 Forbes China Midas List" | Heart Capital News
Stay true with heart, adapt with softness.
On December 26, Forbes China released its "2023 China Venture Capitalists 100" list, with Yan Han, founding partner of Heart Capital, making the cut. This marks Han's fifth consecutive year on the Forbes China VC list. Consistent with previous years, the average age of 2023's honorees is around 49. An '80s-born investor, Han has spent the past 15 years in venture capital and was among the earliest backers of numerous industry leaders — he invested in Xpeng Motors (NYSE: XPEV, 09868.HK) at the Series A, Full Truck Alliance (NYSE: YMM) at the Series A, and FinVolution (NYSE: FINV) at the Series B, among others.
The venture capital industry in 2023 continued adapting amid sweeping changes, navigating through difficult times. Leading from the front, Han and the Heart Capital team maintained their position on the investment front lines, making frequent moves in artificial intelligence and digitalization. In June, Heart Capital led the round for Yunmanman Cold Chain, a leading domestic digital cold-chain logistics platform, doubling down on the digital logistics track. In October, domestic AI large-model unicorn Baichuan announced the successful completion of its Series A, with Heart Capital participating as an investor — a continued bet on the potential opportunities presented by artificial intelligence.
Crises often harbor boundless opportunities. Amid complex and rapid changes, only by constantly refining one's investment philosophy can an investor cycle through to capture that 1% of core assets. As Han said in a Forbes China Mentor Talk this past March: "The best way to respond to change is to embrace it wholeheartedly." In 2024: stay committed, adapt with agility.
Forbes China has conducted independent research on venture capitalists active in mainland China for 17 consecutive years, identifying 100 investors with strong track records over the past five years from nearly a thousand candidates recommended by hundreds of VC firms.
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Founded in 2022, Heart Capital is an early-stage venture capital fund focused on technology and digitalization in China. The team is led by Yan Han, formerly a founding partner at Lightspeed, alongside core investors, a CFO, and seasoned investors from industry backgrounds. The team's past investments include Series A investments in Xpeng Motors (NYSE: XPEV, 09868.HK) and Full Truck Alliance (NYSE: YMM), as well as FinVolution (NYSE: FINV), Baichuan, Yunmanman Cold Chain, Fan Deng Reading, RoboSense, World Logistics, Micro-nano Starry Sky, LandSpace, Lanhu, Starfield, and others.
Rooted in China with a global outlook, Heart Capital seeks true value in non-consensus bets. The firm respects the value of people and champions the potential of the human spirit, looking forward to supporting more young Chinese entrepreneurs in strengthening China and expanding onto the world stage.
