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Tsingyuan Ventures
Tsingyuan Ventures was founded in 2018 by Jim Hsu and Tommy Liu, both co-founders of Netscreen Technologies (acquired by Juniper in 2004) and Fortinet...
Tsingyuan Ventures
Tsingyuan Ventures was founded in 2018 by Jim Hsu and Tommy Liu, both co-founders of Netscreen Technologies (acquired by Juniper in 2004) and Fortinet (NASDAQ: FTNT). The wealth originates from these cybersecurity exits, with Hsu and Liu deploying personal capital through the family office structure. The firm targets early-stage deep tech, including enterprise software, AI/ML, cybersecurity, and fintech. Tsingyuan typically invests as lead or co-lead in seed and Series A rounds, often co-investing with institutional VCs. Known holdings include a stake in Fortinet, as well as companies in enterprise infrastructure and climate tech. Geographic focus is primarily US and China, with a handful of deals in other regions. Tsingyuan operates with a lean team, likely fewer than ten professionals based in Palo Alto. The family office structure allows long-duration capital without fund life constraints. In 2023, the firm participated in a Series A round for a climate tech startup, though specific deal terms remain undisclosed. One structural differentiator is the founders' deep operational experience in building and scaling cybersecurity companies, which informs their sourcing and diligence. Tsingyuan does not raise external capital, maintaining a single-family office model that prioritizes founder relationships and concentrated positions over broad diversification.
General information
Firm type
Venture Capital
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Palo Alto
Corporate office
Palo Alto, CA, United States
Principals
Jim Hsu
Managing Director
Tommy Liu
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at Tsingyuan Ventures?
Investment decisions are made by Managing Directors Jim Hsu and Tommy Liu, both co-founders of Netscreen Technologies and Fortinet. They bring deep operational and technical expertise from scaling cybersecurity companies.
Is Tsingyuan Ventures structured as a single family office or does it operate more like a venture firm?
Tsingyuan Ventures is a single family office. It does not raise external capital, so it is not a traditional venture capital fund. The firm invests the personal capital of its founders, enabling long-term, patient deployment without fund life constraints.
What investment stages does Tsingyuan typically target?
The firm targets seed and Series A rounds, often leading or co-leading alongside institutional venture firms. It focuses on early-stage deep tech companies that show capital efficiency and strong founder-market fit.
Which sectors does Tsingyuan Ventures focus on?
Tsingyuan invests in deep tech sectors including enterprise software, artificial intelligence and machine learning, cybersecurity, fintech, and climate tech. The firm avoids consumer internet, real estate, and late-stage growth equity.
Does Tsingyuan participate in fund commitments or only direct deals?
Tsingyuan primarily does direct deals, investing in individual companies rather than committing to external funds. The firm co-invests alongside general partners on occasion, particularly in rounds where it leads or co-leads.
Where does the underlying wealth at Tsingyuan come from?
The wealth originates from the exits of Netscreen Technologies, acquired by Juniper Networks for $4.2 billion in 2004, and Fortinet, a publicly traded cybersecurity company founded by Jim Hsu and Tommy Liu.
How does Tsingyuan source proprietary deal flow?
Deal flow comes from the founders' extensive network in cybersecurity and enterprise technology, built during their careers at Netscreen and Fortinet. They also source from referrals by portfolio founders and co-investors, with a particular focus on technical founders.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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