Xi’an · Hard-tech venture capital · 2019
Capital with warmth,
built for hard tech
Tangxing Capital backs hard technology across four tracks — electronic information, advanced manufacturing, new energy & materials, and biotechnology — mainly at the growth stage, with a long-term value approach.
Chang’an grid × circuit board · click to send a capital pulse
Source: PEdaily, December 2023; RMB 3 bn refers to AUM, not returns
Rooted in Xi’an, investing in hard tech
Based in Shaanxi and investing nationwide — most projects are in Shaanxi and Beijing, expanding into North and East China.
Hard-tech investing
Focused on electronic information, advanced manufacturing, new energy & materials and biotech — especially technologies with real barriers that address critical bottlenecks.
Growth stage first
Mainly growth-stage deals, complemented by early and later stages, with market-based decisions and a long-term value approach.
Technology transfer
Among Shaanxi’s first sub-fund managers of the National Guidance Fund for Technology Transfer; its Kechuang fund combines central, provincial, municipal and private capital.
Four hard-tech tracks
“Tangxing Capital focuses on hard tech across four tracks: electronic information, advanced manufacturing, new energy & materials, and biotechnology.” — PEdaily, 2023
Electronic Information
Defence electronics, plus semiconductor materials and equipment — named as 2023 priorities.
02Advanced Manufacturing
Defence-related manufacturing, automotive electronics and automotive components.
03New Energy & Materials
New materials, new-energy materials and new-energy applications.
04Biotechnology
Healthcare and biomedicine, with a call for sober judgement on crowded themes.
Listed portfolio companies on record
Named by PEdaily in December 2023. See Funds & Portfolio for more.
斯瑞新材
华如科技
佰维存储
万德股份
Being capital with warmth is the investment belief Tangxing will always hold to.Gong Puling · Founder & Chairwoman (STAR Market Daily, 2022)
Recognition
All from public reports.
Zero2IPO “Top 100 Chinese VC Firms”
Announced at the 23rd China Equity Investment Forum (PEdaily, Dec 2023)
Among Shaanxi’s first sub-fund managers of the national technology-transfer guidance fund
PEdaily, Dec 2023
Shaanxi’s first national tech VC fund combining central, provincial, municipal and private capital
36Kr, Jan 2022
Frequently asked
Basics about Tangxing Capital.
What is Tangxing Capital?
Tangxing Capital (Tangxing Tianxia Investment Management (Xi’an) Co., Ltd.) is a venture capital firm focused on hard technology, founded in Xi’an in 2019 by its chairwoman Gong Puling.
Which sectors does it invest in?
Four tracks: electronic information, advanced manufacturing, new energy and materials, and biotechnology. Its 2023 priorities, per public reports, were defence electronics and related manufacturing, new materials, automotive electronics and components, and semiconductor materials and equipment.
What stage does it invest at?
Mainly growth-stage companies, complemented by early-stage and later-stage deals.
How large is it?
According to PEdaily (Dec 2023), it set up 2 funds in 4 years with about RMB 3 billion under management; its Tangxing Kechuang fund is RMB 950 million.
Which portfolio companies are listed?
Public reports name 斯瑞新材 (688102), 华如科技 (301302), 佰维存储 (688525) and 万德股份 (836419).
How can founders get in touch?
Through the channels published on www.tangxcapital.com. The pitch form in this demo is illustrative and would be connected to a mailbox at launch.
Building hard tech? Talk to Tangxing Capital
Electronic information · Advanced manufacturing · New energy & materials · Biotechnology