# XVC

XVC is a Venture Capital based in Grand Cayman, China.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Grand Cayman, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.xvc.com
- **LinkedIn:** https://www.linkedin.com/company/xvc

## Regulatory record

- **CRD number:** 297889
- **SEC file number:** 802-113742
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/297889

## About

XVC searches for visionary entrepreneurs, builds partnership with them, and maximizes their success with capital, experience, network and global vision. The firm keeps its organization lean and focuses only on big ideas. Its partners describe themselves as entrepreneurs who happen to be venture capitalists, managing about $600 million USD in assets and typically investing 1 to 30 million USD per company.

## Sectors

- Enterprise Software
- AI/ML
- Digital Health
- FinTech
- Mobility & Transportation
- Robotics & Automation

## People

- Hu Bo — Founder & Managing Partner

## Questions

### Who runs investment decisions at XVC?

Founder and Managing Partner Hu Bo leads all investment decisions. Hu previously spent a decade as a partner at Blue Lake Capital and DCM Ventures, where he developed the concentrated deal-selection approach that now defines XVC's strategy. The firm operates with a deliberately lean partnership structure that concentrates decision-making authority rather than distributing it across a large investment committee.

### How does XVC source proprietary deal flow?

XVC relies on Hu Bo's personal network built over twenty years in China's venture ecosystem, dating to his tenure at Blue Lake Capital and DCM. The firm's low-volume model means each investment represents months of relationship-building rather than competitive auction participation. XVC's concentrated portfolio gives founders assurance that the firm will commit significant attention and follow-on capital to each company.

### What investment stages does XVC typically target?

XVC invests from seed through Series B, with a center of gravity at Series A. The firm prefers to lead or co-lead rounds where it can negotiate meaningful ownership stakes. Unlike many China-focused peers that have migrated toward growth-stage and pre-IPO deals, XVC maintains its early-stage discipline, entering at points where its research edge and founder-selection skill compound most effectively.

### Does XVC participate in fund commitments or only direct deals?

XVC makes direct investments exclusively. The firm does not operate as a fund of funds and has not disclosed any LP commitments to other venture managers. Its capital is deployed entirely into primary equity rounds of portfolio companies across its three committed capital vehicles.

### How is XVC related to Blue Lake Capital or DCM Ventures?

XVC is an independent firm founded by Hu Bo after he departed DCM Ventures in 2016. There is no institutional affiliation, shared ownership, or ongoing GP-LP relationship between XVC and either Blue Lake Capital or DCM Ventures. Hu's prior partnerships provided the experience base and LP relationships that seeded his new firm, but XVC operates independently with its own fund structures and limited partners.

## Related profiles

- [Xuzhou Industrial Development Fund Management](https://altss.com/profile/xuzhou-industrial-development-fund-management)
- [XVC Tech](https://altss.com/profile/xvc-tech)

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Last updated: 2026-08-11T15:08:42.881Z

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