# DHVC

> DHVC, historically Danhua Capital, is a Silicon Valley venture capital firm founded in 2013 by Shoucheng Zhang and Andrew Gu. It backs technology companies across AI, enterprise software, healthcare, crypto, and consumer markets, combining financing with technical and business support.

- **Founded:** 2013
- **Headquarters:** Menlo Park, United States
- **Founders:** Shoucheng Zhang (Co-founder and founding chairman (historical; died in 2018)), Andrew Gu (Co-founder; managing member under legal name Anjia Gu in the March 2026 filing)
- **Products:** Venture capital financing, Portfolio company support, Theta network participation
- **Notable:** First fund reported at $91.25 million in 2014., Danhua Capital II later reported at $343.2 million in 2018., Led SLIVER.tv’s $9.8 million Series A in 2017.

## Products & services

- **Venture capital financing** — Private venture funds investing in early and growth-stage technology businesses; focus areas include AI, enterprise software, healthcare, consumer technology, and crypto.
- **Portfolio company support** — Technical and business support drawing on research, entrepreneurship, operations, and investment experience. Theta provides a documented example of financing followed by network participation.
- **Theta network participation** — Joined as the ninth external enterprise validator and a governance council member in June 2021; a historical operational role, not a retail product.

## Achievements

- First fund reported at $91.25 million in 2014.
- Danhua Capital II later reported at $343.2 million in 2018.
- Led SLIVER.tv’s $9.8 million Series A in 2017.
- Co-led Engine Biosciences’ $10 million seed round in 2018.
- Became Theta’s ninth external enterprise validator in June 2021.

## Latest updates

- **2026-03** — March 31 Form ADV lists Danhua Capital Management LLC’s principal office in Menlo Park. Fund II reports $489,772,780 gross assets and Fund I $48,546,213. These are reported fund assets, not realized returns, company valuation, or fresh fundraising.
- **2024-06** — Public investment databases record DHVC participating in Ink Finance’s $5 million financing. This is a historical disclosed transaction, not a claim about present investment availability.

## Links

- Website: https://dh.vc/
- LinkedIn: https://www.linkedin.com/company/danhua-capital/
- Twitter/X: https://x.com/0xDHVC

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Profile page: https://yespress.io/dhvc
Published by YesPress — https://yespress.io
Last updated: 2026-10-27