Heart Capital Wins Four Awards Including "Top 50 VC Funds by Returns 2023" | Heart News
Invest in China's technology with conviction and care.
The "2023 China FOF Summit," co-hosted by the China International Association for Promotion of Science and Technology FOF Branch, Suzhou Wujiang District Eastern State-owned Capital Investment and Operation Co., Ltd., and China FOF Research Center, was successfully held last weekend in Wujiang District, Suzhou.
At the event, the "2023 China FOF Research Center Special Rankings" were unveiled. Heart Capital and its team proudly took home four awards, including three institutional honors — "Top 50 VC Funds by Returns 2023," "Top 30 New Energy Sector Investors 2023," and "Top 20 Enterprise Service Sector Investors 2023" — plus Heart Capital partner Yanchen Liu was named one of the "Top 20 New Energy Sector Investors 2023." Heart Capital focuses on technology investments in new energy, new mobility, and digitalization, committed to finding real value in non-consensus opportunities. The Heart Capital team previously led 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 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 intelligent LiDAR systems. Looking more broadly at new mobility, Heart Capital has also invested in Xpeng Motors, a global intelligent flying car brand; LandSpace, a leading domestic launch vehicle developer and operator; and Micro-Nano Starry Sky, a leading domestic satellite developer and manufacturer. In digitalization, Heart Capital made early bets on Lanhu, a leading product design collaboration platform, and Yunmanman Cold Chain, a leading domestic digital cold-chain freight platform, and has more recently begun deploying capital in artificial intelligence. The Heart Capital team remains bullish on market opportunities driven by electrification and intelligentization, with the aim of doing Chinese tech investment with heart.
China FOF Research Center (www.china-fof.com) is a non-profit platform established in response to the spirit of the State Council's "Opinions on Promoting the Sustainable and Healthy Development of Venture Capital" — which called for "encouraging and standardizing the development of market-oriented, professionally managed venture capital funds of funds" — and in recognition of the broader trend that China's FOF industry has entered a springtime of growth. Its mission is to advance the development of China's FOF industry through sector 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 Heart Capital team is led by Yan Han, founding partner of Lightspeed, alongside core investors, a CFO, and seasoned investors from industry. The team's past investments include Series A rounds in Xpeng Motors (NYSE: XPEV, 09868.HK), Full Truck Alliance (NYSE: YMM), as well as FinVolution (NYSE: FINV), Fan Deng Reading, RoboSense, World Logistics, Micro-Nano Starry Sky, LandSpace, Lanhu, and Starfield, among others.
Rooted in China with a global outlook, Heart Capital is committed to finding real value in non-consensus opportunities. The firm respects the value of people and champions the potential of the human spirit, looking forward to accompanying more young Chinese entrepreneurs as they strengthen China and expand onto the world stage.
