Four Companies Named to Shanghai's Key Service Unicorn (Potential) Enterprise List | Xinwen NEWS
Dedicated partnership, walking alongside more future unicorns as they go global.
On February 27, the 2023 Shanghai Key Service Unicorn (Potential) Enterprise List was officially released. Heart Capital portfolio companies Sunmi, MetaX, Fan Deng Reading, and LinkedCare were named to the list as "Key Service Unicorn Enterprises" and "Key Service Potential Unicorn Enterprises." The event was organized under the joint guidance of the SME Development Promotion Center of the Ministry of Industry and Information Technology, the Shanghai Municipal Commission of Economy and Informatization, the Shanghai Hongqiao International Central Business District Administration Committee, and the People's Government of Minhang District. It was co-hosted by the Shanghai SME Development Service Center, the Minhang District Economic Commission, Great Wall Strategy Consulting, Yicai | Yicai Research Institute, the Shanghai International Private Equity Association, the Shanghai Private Equity Association, and the Shanghai Venture Capital Industry Association, among other organizations.
Shanghai Key Service Unicorn (Potential) Enterprise List
High-growth innovative enterprises such as unicorns are emblematic of the new economy and new growth drivers, serving as important indicators of a region's innovation capacity and entrepreneurial ecosystem. Shanghai's 14th Five-Year Plan explicitly calls for "cultivating and supporting in a tiered manner a batch of potential Global 500 companies and high-valuation unicorn enterprises."
This year's listed companies include Sunmi, a global provider of intelligent commercial hardware and solutions; MetaX, focused on high-performance general-purpose GPU chips; Fan Deng Reading, a leading brand in the knowledge payment industry; and LinkedCare, a premium SaaS provider for oral healthcare. As an investor in these unicorns and potential unicorns, the Heart Capital team will collaborate with industry development, advance the empowerment and cultivation of SMEs, jointly build an upstream and downstream industrial ecosystem, and deliver on post-investment services. Heart Capital advocates the value of "people" and "heart," and looks forward to accompanying more future unicorns onto the world stage with genuine dedication.
Founded in 2022, Heart Capital is a China-based early-stage venture capital fund focused on technology and digitalization, established by Yan Han, formerly a founding partner at Lightspeed. The Heart Capital team consists primarily of founding partners, the chief financial officer, and core investors from Lightspeed, as well as seasoned industry investors from Cainiao and Baidu. The team's past investments include Series A investments in Full Truck Alliance (NYSE: YMM), Xpeng Motors (NYSE: XPEV, HK: 09868), as well as FinVolution (NYSE: FINV), Sunmi, RoboSense, World Logistics, LandSpace, Lanhu, Micro-nano Starry Sky, and Starfield, among others. Rooted in China with a global outlook, Heart Capital is dedicated to finding world leaders who will disrupt the future. Heart Capital advocates the value of "people" and "heart," and looks forward to accompanying more young Chinese entrepreneurs onto the world stage.
