HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.
2800 Sand Hill Road, Suite 101 Menlo Park, California 94025, USA
Room 3606 China Central Place Tower 3 77 Jianguo Road Chaoyang District Beijing 100025, China
6th Floor, East Wing, Block B, Divyasree Technopolis, Off HAL Airport Road, Yemalur, Kadubeesanahalli, Bengaluru, Karnataka 560037, India
Rohit Agarwal
Managing Director
Wang Chenyu
Vice President
Sakshi Chopra
Managing Director
Raghavv Garg
Analyst
Amit Jain
Managing Director
Pushpak Kedia
Vice President
Sunint Khurana
Analyst
Cherry Lu
Partner
Ishaan Mittal
Managing Director
Saksham Mittal
Analyst
Abhishek Mohan
Principal
Javier Ng
Associate
Enita Pu
Partner
Wendy Qian
Analyst
Haim Sadger
Partner
Harshjit Sethi
Managing Director
Yoav Shaked
Partner
Johan Surani
Vice President
Vedant Trivedi
Associate
Aradhita Tuli
Investment Analyst
Pavel Vyhnalek
Operating Partner
Fu Xin
Partner
Past deals in Virtual Reality
GravityXR
Series A in 2023
GravityXR is a developer of XR technology and a manufacturer of terminal equipment, specializing in the fields of augmented reality (AR), virtual reality (VR), and mixed reality (MR). The company focuses on creating advanced chip platforms and supporting hardware solutions that enhance user experiences in XR environments. GravityXR also offers a comprehensive range of technical services, including software and technology suites, application interfaces, key component selection, and product prototype development support. By integrating hardware and software, GravityXR aims to enable customers to leverage next-generation XR user experiences and metaverse interfaces.
GravityXR
Seed Round in 2022
GravityXR is a developer of XR technology and a manufacturer of terminal equipment, specializing in the fields of augmented reality (AR), virtual reality (VR), and mixed reality (MR). The company focuses on creating advanced chip platforms and supporting hardware solutions that enhance user experiences in XR environments. GravityXR also offers a comprehensive range of technical services, including software and technology suites, application interfaces, key component selection, and product prototype development support. By integrating hardware and software, GravityXR aims to enable customers to leverage next-generation XR user experiences and metaverse interfaces.
Forking
Seed Round in 2022
Forking is a virtual reality content production service provider focused on creating immersive social experiences within virtual worlds. The company is actively developing a unique VR game that aims to offer an authentic social gaming experience, distinguishing itself from existing offerings in the market. By fostering a vibrant virtual reality community, Forking aspires to enable users to engage and connect in a dynamic and colorful environment, enhancing the way people interact and experience gaming together.
Mindverse
Angel Round in 2022
Mindverse is an innovative AI technology firm focused on developing AI-native websites that deliver personalized chat experiences and interfaces. By blending brain science with artificial intelligence, Mindverse aims to create digital consciousness characterized by autonomous thinking capabilities. The company addresses the challenges of artificial general intelligence (AGI) and seeks to advance the AI industry through the integration of multidisciplinary technologies. Additionally, Mindverse offers an AI-based platform that captures and replicates business intelligence, providing customized virtual alternatives such as virtual humans, spokespersons, coaches, and friends, thereby facilitating the integration of metaverse concepts into various product offerings for enterprises.
BUD
Series B in 2022
BUD, founded in 2019 by former Snap engineers Risa Feng and Shawn Lin, is a Singapore-based company that operates a user-generated open metaverse gaming platform. This platform connects millions of virtual worlds created by a community of approximately 9 million creators. Since its global launch in November 2021, BUD has rapidly gained popularity, ranking among the top 10 social apps in over 38 countries, including regions in North America, Southeast Asia, and South America. The platform allows users to easily customize 3D worlds through a simple drag-and-drop interface, enabling the creation and sharing of interactive experiences that range from social hangouts to competitive games. BUD has evolved into a vibrant digital social hub where users can create, play, and interact with 3D content alongside friends.
Xmov Ai
Series C in 2022
Xmov is a company that specializes in developing artificial reality animation solutions, focusing on virtual human and content creation tailored for enterprise users across various Metaverse applications. The company employs advanced motion capture, animation, and artificial intelligence technologies to deliver customized interactive solutions for diverse business scenarios. Additionally, Xmov creates a comprehensive infrastructure for 3D virtual content production, providing full-stack technology and product services aimed at facilitating education, employment, and the development of virtual world platforms. Their innovative approach spans multiple sectors, including entertainment, cultural tourism, e-commerce, finance, education, healthcare, and communications, establishing a multifaceted ecological development model.
Xmov Ai
Series B in 2022
Xmov is a company that specializes in developing artificial reality animation solutions, focusing on virtual human and content creation tailored for enterprise users across various Metaverse applications. The company employs advanced motion capture, animation, and artificial intelligence technologies to deliver customized interactive solutions for diverse business scenarios. Additionally, Xmov creates a comprehensive infrastructure for 3D virtual content production, providing full-stack technology and product services aimed at facilitating education, employment, and the development of virtual world platforms. Their innovative approach spans multiple sectors, including entertainment, cultural tourism, e-commerce, finance, education, healthcare, and communications, establishing a multifaceted ecological development model.
Next World Culture
Series A in 2022
Next World Culture is a startup focusing on creating AI-generated virtual humans.
Taichi Graphics
Series A in 2022
Taichi Graphics is a company that specializes in developing open-source computer graphics infrastructure and software tailored for digital content creation. Their flagship product is the Taichi programming language, a widely-used open-source graphics framework. The company's innovative technologies have extensive applications across various fields, including physical simulation, augmented reality, artificial intelligence, robotics, and special visual effects for films and games. By providing accessible graphics technologies, Taichi Graphics empowers digital content creators to leverage advanced tools efficiently.
STEPN
Seed Round in 2022
STEPN is a blockchain-based fitness application that operates a move-to-earn NFT gaming platform, allowing users to earn rewards for their physical activities. By purchasing non-fungible tokens (NFTs) that have a limited lifespan, users can engage in specific exercises and accumulate the platform's native tokens as incentives for their efforts. The app combines elements of gaming and fitness, encouraging a healthier lifestyle while providing financial rewards for exercising. Through this innovative model, STEPN aims to motivate users to stay active and integrate fitness into their daily routines.
GravityXR
Angel Round in 2021
GravityXR is a developer of XR technology and a manufacturer of terminal equipment, specializing in the fields of augmented reality (AR), virtual reality (VR), and mixed reality (MR). The company focuses on creating advanced chip platforms and supporting hardware solutions that enhance user experiences in XR environments. GravityXR also offers a comprehensive range of technical services, including software and technology suites, application interfaces, key component selection, and product prototype development support. By integrating hardware and software, GravityXR aims to enable customers to leverage next-generation XR user experiences and metaverse interfaces.
XReal Technology
Series C in 2021
XReal Technology, founded in 2017 and based in Beijing, China, specializes in developing ready-to-wear mixed reality glasses. Their flagship product, Nreal Light, is designed to be lightweight and comfortable, featuring a vivid display and spatial computing algorithms for an immersive user experience. The company's goal is to make mixed reality technology widely accessible and to empower developers to create applications that enhance entertainment, productivity, and other areas. XReal Technology utilizes SLAM-based environment-understanding AI algorithms to provide users with an engaging mixed reality experience.
Taichi Graphics
Angel Round in 2021
Taichi Graphics is a company that specializes in developing open-source computer graphics infrastructure and software tailored for digital content creation. Their flagship product is the Taichi programming language, a widely-used open-source graphics framework. The company's innovative technologies have extensive applications across various fields, including physical simulation, augmented reality, artificial intelligence, robotics, and special visual effects for films and games. By providing accessible graphics technologies, Taichi Graphics empowers digital content creators to leverage advanced tools efficiently.
Bifrost AI
Seed Round in 2021
Bifrost is a developer of a Generative 3D platform for creatives to create custom virtual worlds. It generates synthetic training data using three-dimensional graphics to simulate real-life scenarios. These datasets help teach AI systems to handle new tasks, environments, and challenges, while also validating their performance and reliability across thousands of automatically generated scenarios.
XReal Technology
Series B in 2020
XReal Technology, founded in 2017 and based in Beijing, China, specializes in developing ready-to-wear mixed reality glasses. Their flagship product, Nreal Light, is designed to be lightweight and comfortable, featuring a vivid display and spatial computing algorithms for an immersive user experience. The company's goal is to make mixed reality technology widely accessible and to empower developers to create applications that enhance entertainment, productivity, and other areas. XReal Technology utilizes SLAM-based environment-understanding AI algorithms to provide users with an engaging mixed reality experience.
Bifrost AI
Pre Seed Round in 2020
Bifrost is a developer of a Generative 3D platform for creatives to create custom virtual worlds. It generates synthetic training data using three-dimensional graphics to simulate real-life scenarios. These datasets help teach AI systems to handle new tasks, environments, and challenges, while also validating their performance and reliability across thousands of automatically generated scenarios.
Xmov Ai
Series A in 2019
Xmov is a company that specializes in developing artificial reality animation solutions, focusing on virtual human and content creation tailored for enterprise users across various Metaverse applications. The company employs advanced motion capture, animation, and artificial intelligence technologies to deliver customized interactive solutions for diverse business scenarios. Additionally, Xmov creates a comprehensive infrastructure for 3D virtual content production, providing full-stack technology and product services aimed at facilitating education, employment, and the development of virtual world platforms. Their innovative approach spans multiple sectors, including entertainment, cultural tourism, e-commerce, finance, education, healthcare, and communications, establishing a multifaceted ecological development model.
Xmov Ai
Seed Round in 2018
Xmov is a company that specializes in developing artificial reality animation solutions, focusing on virtual human and content creation tailored for enterprise users across various Metaverse applications. The company employs advanced motion capture, animation, and artificial intelligence technologies to deliver customized interactive solutions for diverse business scenarios. Additionally, Xmov creates a comprehensive infrastructure for 3D virtual content production, providing full-stack technology and product services aimed at facilitating education, employment, and the development of virtual world platforms. Their innovative approach spans multiple sectors, including entertainment, cultural tourism, e-commerce, finance, education, healthcare, and communications, establishing a multifaceted ecological development model.
ANTVR
Series A in 2014
ANTVR is a Beijing-based startup that specializes in the development of virtual reality and augmented reality wearable devices. The company's flagship product, the ANTVR KIT, is an all-in-one solution designed for gaming and personal movie viewing, offering universal compatibility. The device features LCLV viewing windows, adaptive inter-pupillary distance (IPD) adjustment, a VR controller, and built-in earphones, all aimed at enhancing the user's immersive experience in both gaming and film.
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