# HCM Capital

HCM Capital is a Private Equity based in Zhengzhou, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Zhengzhou, China
- **Region:** Asia
- **Address:** Zhengzhou, China
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** hcm.capital
- **LinkedIn:** https://www.linkedin.com/company/hcmcapital

## Regulatory record

- **Reports private funds:** No

## About

HCM Capital is a cross-border venture capital firm based in Beijing, China, founded in 2014. The firm invests in technology service areas, primarily in the US and Asia. HCM Capital has made 6 investments, including a Series A investment in Swan Bitcoin on November 22, 2021, and has 2 portfolio exits, with Figure being its latest exit on September 11, 2025.

## Questions

### What investment stages does HCM Capital target?

HCM Capital deploys capital across the venture spectrum, targeting early-stage opportunities including seed and start-up rounds, expansion-stage companies, and late-stage growth equity. The firm's stated approach is stage-agnostic within private equity, covering the full arc from initial funding through pre-IPO rounds.

### Does HCM Capital disclose its portfolio companies?

No. HCM Capital has not publicly named its portfolio companies or disclosed individual deals. The firm operates with a low public profile, and its investment track record is not documented through regulatory filings, press releases, or widely circulated industry databases.

### How large is HCM Capital in terms of assets or deployment?

HCM Capital does not publicly report its assets under management or total capital deployed. No credible independent estimate of the firm's scale exists in the public record, and it has not been referenced in industry league tables or fundraising databases with a confirmed AUM figure.

## Related profiles

- [HCI Equity Partners](https://altss.com/profile/hci-equity-partners)
- [HCM Craft Capital Management](https://altss.com/profile/hcm-craft-capital-management)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hcm-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology