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Venture Capital
xvc.com

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Investments

49

Portfolio Exits

1

Funds

6

About XVC Venture Capital

XVC Venture Capital is a TMT focused venture fund.

XVC Venture Capital Headquarter Location

2nd Floor, Building 16 TuanJieHu Park, Chaoyang District

Beijing, Beijing, 100026,

China

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Latest XVC Venture Capital News

Chinese VC firm XVC raises $330m for its second fund

Jul 24, 2019

City square in Beijing, China. Photo: Jimmy Chang/unsplash July 24, 2019 Chinese venture capital firm XVC Venture Capital has raised about $330 million for its second fund XVC Fund II, according to the VC firm’s announcement on WeChat. The new fund, which surpasses its fundraising target of $265 million, has capital commitments mainly from university endowments and family offices in the United States, Europe, and Asia. This second US dollar-denominated fund was largely oversubscribed after the three-month fundraising period end since XVC Venture Capital launched the fund in the second quarter of 2019, said XVC Venture Capital in a statement released on its WeChat official account. DealStreetAsia had earlier reported that XVC had plans to raise $265 million towards a second venture fund as it had indicated in a regulatory filing. The SEC filing was signed by XVC founder Boyu Hu. Before starting his own VC firm, Boyu worked for DCM and Blue Lake Capital, where he funded multiple unicorns including Meicai, Youxinpai, Kuaishou, and 51 talk. In June, XVC backed a $60-million Series D round in Haoqipei, a Chinese B2B marketplace for auto parts. The VC firm has been an investor in the company since its Series B round. XVC also led a seed round for Hope and Rising, a Shanghai-based education platform, and invested in the Series B round of Hetao101.com, a children’s education programming provider. Bejing-based XVC manages over $600 million of assets as of June 20, 2019.

XVC Venture Capital Investments

49 Investments

XVC Venture Capital has made 49 investments. Their latest investment was in Keen Data as part of their Series A on May 5, 2022.

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XVC Venture Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/17/2022

Series A

Keen Data

Yes

2

4/10/2022

Series A

In Link

Yes

1

11/15/2021

Seed VC - II

Luoyin

$10M

No

6

11/12/2021

Series B - III

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$99M

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10

10/25/2021

Seed VC

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10

Date

5/17/2022

4/10/2022

11/15/2021

11/12/2021

10/25/2021

Round

Series A

Series A

Seed VC - II

Series B - III

Seed VC

Company

Keen Data

In Link

Luoyin

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Amount

$10M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

2

1

6

10

10

XVC Venture Capital Portfolio Exits

1 Portfolio Exit

XVC Venture Capital has 1 portfolio exit. Their latest portfolio exit was Koala Reading on April 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/23/2021

Acquired

1

Date

4/23/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

XVC Venture Capital Fund History

6 Fund Histories

XVC Venture Capital has 6 funds, including XVC Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/6/2022

XVC Fund III

$274M

1

7/24/2019

XVC Fund II

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$99M

10

12/31/2016

XVC Fund I LP

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$99M

10

宁波梅山保税港区艾克思求解投资合伙企业 (Ningbo Meishan Free Trade Port Area Aikesi Qiujie Investment Partnership)

0

X Capital Fund

10

Closing Date

4/6/2022

7/24/2019

12/31/2016

Fund

XVC Fund III

XVC Fund II

XVC Fund I LP

宁波梅山保税港区艾克思求解投资合伙企业 (Ningbo Meishan Free Trade Port Area Aikesi Qiujie Investment Partnership)

X Capital Fund

Fund Type

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Status

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Amount

$274M

$99M

$99M

Sources

1

10

10

0

10

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