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Tsvc Management LLC

Emerging manager

SEC exempt reporting adviser (private fund adviser exemption, under $150M).

Website
HTTPS://WWW.TSVCAP.COM/
HQ
CA
Visit their website

TSV Capital (TSVC) is a Silicon Valley seed-stage venture firm that backs technical founders at the earliest stages of company building, with a focus on AI, robotics, advanced manufacturing, and energy systems. Its portfolio includes companies such as Exa, d-Matrix, Iterable, Ginkgo Bioworks, Petal Surgical, Lumotive, EGI Battery, Aizip, Sherpa, Ridge Security, Bot Orange, and Blueprint Registry.

New fund likely raising soon

The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.

01 · Says / Does

TagSaysDoesHistorically (to 2020)
StagesSeedNot enough dated dealsSeed, Series A
SectorsEnergy, Robotics, ManufacturingNot enough dated dealsEnterprise SaaS, Data analytics, Healthtech, Hardware, Biotech, Consumer, Fintech, AI applications
RegionsCANot enough dated dealsCA

Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.

Historical focus (through 2020), derived from historical deal data.

YearDealsTop sectors
201111Enterprise SaaS, Edtech, Healthtech
201223Enterprise SaaS, Consumer, Data analytics
201327Enterprise SaaS, Data analytics, Consumer
201429Enterprise SaaS, Fintech, Biotech
201535Data analytics, Enterprise SaaS, Fintech
201641AI applications, Biotech, Enterprise SaaS
20177AI applications, Enterprise SaaS, Hardware
20189Crypto and Web3, Hardware, AI applications
20195Fintech, Biotech, Consumer
20205Healthtech, AI applications, Biotech

Stage mix over time

2011 Seed: 82011 Series A: 2112012 Seed: 212012 Series A: 1122013 Seed: 202013 Series A: 32013 Series B: 1132014 Seed: 262014 Series A: 1142015 Seed: 202015 Series A: 6152016 Seed: 122016 Series A: 32016 Series B: 4162017 Seed: 42017 Series A: 3172018 Seed: 12018 Series A: 2182019 Seed: 32019 Series A: 12019 Series B: 1192020 Series A: 120212223242526
  • Pre-seed
  • Seed
  • Series A
  • Series B
  • Growth
Share of rounds by stage, per year. Striped years have fewer than 3 rounds.Historical focus (through 2020), derived from historical deal data.
Rounds by stage and year
YearPre-seedSeedSeries ASeries BGrowth
201108200
2012021100
2013020310
2014026100
2015020600
2016012340
201704300
201801200
201903110
202000100
202100000
202200000
202300000
202400000
202500000
202600000

02 · Fund history

FundYearSizeStatus
TSVC Fund V LP

TSVC is a seed-stage venture firm backing exceptional technical founders at the earliest stages of company building. Its focus is AI, robotics, advanced manufacturing, and energy systems, including the Physical AI economy where intelligent machines and autonomous systems reshape the real world. Inferred from the firm's website

2021$57.36M (Form D)Late investment period

03 · People across funds

  • Chun Xia, Manager of the Manager

    TSVC Fund V LP (Named on Form D)

  • Eugene Zhang, Manager of the Manager

    TSVC Fund V LP (Named on Form D)

  • Spencer Greene, Manager of the Manager

    TSVC Fund V LP (Named on Form D)

  • Xiaofeng Shao, Manager of the Manager

    TSVC Fund V LP (Named on Form D)

  • charles shao, General Partner

    On the team page, not linked to a fund

  • Justin Song, Principal

    On the team page, not linked to a fund

  • LISHENG Wang, General Partner

    On the team page, not linked to a fund

04 · Recent deals

No dated deals found yet.

05 · Latest from the firm

No news from the firm's website yet.

06 · Sources

  1. HTTPS://WWW.TSVCAP.COM/
  2. https://www.tsvcap.com/portfolio-new
  3. https://www.tsvcap.com/media
  4. https://www.tsvcap.com/
  5. https://www.tsvcap.com/about

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 28, 2026