Heart Capital Wins Multiple Awards Including "China Dark Horse Fund" and "Emerging Firm of the Year" | Heart Capital News
Invest in China's tech with conviction.

On September 22, 36Kr released its "2023 Annual Equity Investment Fund Rankings." Heart Capital was named "China Dark Horse Fund" and "China Aerospace & Aviation Investor," while Yan Han, founding partner of Heart Capital, was recognized as "China Aerospace & Aviation Investor of the Year." That same day, leading financial media outlet 21st Century Business Herald announced its annual equity investment rankings at the 13th Innovation Capital Annual Conference. Heart Capital received the "Emerging Firm of the Year" award. Heart Capital is an early-stage Chinese venture capital fund focused on technology and digitalization. It maintains a long-term conviction in new energy, new mobility, and technology investments in the digitalization space, committed to finding genuine value in non-consensus opportunities.
As a "dark horse fund," Heart Capital's investment team excels at spotting promising companies at Day One and growing alongside them. Among its portfolio standouts are Full Truck Alliance, the world's largest digital freight platform, which Heart Capital backed at the Series A stage, and Xpeng Motors, a leading Chinese smart EV company. In aerospace and aviation, the team has been building its presence for years, having invested in LandSpace, a domestic leader in liquid oxygen-methane launch vehicle development and operations, and Micro-Nano Starry Sky, a top-tier Chinese company focused on high-end satellite R&D and manufacturing. Both companies achieved major milestones this year, establishing themselves as standouts among China's private aerospace enterprises and on the global stage. Heart Capital continues to see compelling investment opportunities in electrification and intelligence, including aerospace and aviation, with a mission to do Chinese tech investing with heart.



36Kr is a leading brand and pioneering platform serving participants in China's new economy, delivering sharp, in-depth business coverage with an emphasis on trends and value. This year's survey covered "industrial investment funds" and "equity investment institutions" operating in China and globally.


21st Century Business Herald, a digital think-tank and leader in financial media, is part of the Southern Finance Omnimedia Group. The rankings were unveiled at the Innovation Capital Annual Conference, drawing on the publication's extensive coverage of capital markets, PE/VC, and high-growth innovative enterprises — making it one of the most closely watched industry events of the year.


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, formerly a founding partner at Lightspeed China, alongside core investors, a CFO, and seasoned investors with deep industry backgrounds. The team's past investments include Series A bets on Xpeng Motors (NYSE: XPEV, 09868.HK) and Full Truck Alliance (NYSE: YMM), as well as FinVolution (NYSE: FINV), Fan Deng Reading, RoboSense, World Logistics, Micro-Nano Starry Sky, LandSpace, Lanhu, Starfield, and others.
Rooted in China with a global outlook, Heart Capital is committed to finding genuine value in non-consensus opportunities. The firm honors the value of people and champions the potential of the human spirit, looking forward to accompanying more young Chinese entrepreneurs as they build strength at home and expand onto the world stage.
