Xie Menggong leads Xiao Nan Capital, a 300 million TWD venture capital fund accelerating the upgrade of Taiwan's gaming industry

The venture capital fund promoted by Hsieh Meng-gong, Xiao Nan Capital, has recently officially launched, partnering with industry players such as ZzZ, Manbao, and Mango Party. The plan is to accumulate a management asset of NT$300 million by the end of 2026. This game-focused venture capital fund aims to discover Taiwanese original game development teams with international potential and provide comprehensive support through funding and market resources.

A Domestic Game Changes Everything — Hsieh Meng-gong’s Game Investment Opportunity

Renowned podcast producer Hsieh Meng-gong has shared his gaming experiences on his show for years, demonstrating his passion for the gaming industry. The turning point came after he encountered the domestic martial arts RPG “Active Hero.” Hsieh admitted that this game healed his long-standing “digital impotence”—buying games and topping up credits out of habit, but rarely actually playing.

More importantly, Hsieh observed that “Active Hero” faced heavy criticism at launch, with rumors of potential closure. As a devoted fan, he publicly supported the game on his channel and even reached out to the development studio to ask if they needed investment or loans. His initial intention was simple—hope the good game survives. Later, as “Active Hero” improved and turned the situation around, this experience inspired Hsieh to think bigger: directly incubate quality games and participate deeply in their development.

Xiao Nan Capital Established, Gathering Capital and Resources for the Gaming Industry

Xiao Nan Capital was initiated by Hsieh Meng-gong, with core members being experienced gaming enthusiasts who understand both development logic and capital perspectives. The fund focuses on early-stage investments, targeting original content and technology teams with global market potential. By combining funding, industry resources, and long-term support, it aims to help local games overcome early resource shortages and commercialization hurdles.

According to publicly available information, Hsieh Meng-gong holds the majority of shares, with other investors including crowdfunding platform ZzZ, game studio Mango Party, and creative industry investors such as paid tech newsletters. This diverse group brings together roles in fundraising, development, and content, creating an interdisciplinary support network for startup game development teams.

First Investment Wave Unveiled, Emerging Teams like CupDog and Honest Gain Gain Attention

The initial investment list of Xiao Nan Capital has been revealed. The funded development teams include CupDog Games, known for “Red Eye Ruby,” Honest Gain Gain with “Night Rampage,” and two other original game projects. These teams represent new forces in Taiwanese game development, each with unique creativity and technical expertise.

Xiao Nan Capital also announced a long-term partnership with seasoned game incubator GameWorks. The two will collaborate on investment target exchanges, development consulting, and market linkage, providing comprehensive support from polishing works to publishing and promotion.

ZzZ Transforms from Crowdfunding Platform to Early-Stage Capital Partner

ZzZ co-founder Xu Zhen stated that ZzZ has helped countless creators turn concepts into market-ready products. Participating in Xiao Nan Capital aims to provide key support at even earlier stages of product development. He believes that when capital is willing to understand creative logic deeply and patiently accompany the development process, original content can grow more steadily.

Since its founding in 2011, ZzZ has helped over 8,500 original projects raise funds, totaling over NT$16 billion. This experience gives ZzZ unique insights into creators’ needs and market opportunities, making it an important reference in Xiao Nan Capital’s investment decisions.

Industry Expansion Accelerates, Taiwan’s Gaming Investment Enters a New Era

The establishment of Xiao Nan Capital by Hsieh Meng-gong represents an innovative approach to financing in Taiwan’s gaming industry. Unlike traditional purely capital-driven investment funds, Xiao Nan Capital emphasizes deep collaboration with development teams, integrating funding, resources, and long-term companionship. The fund plans to expand its total managed assets to NT$300 million by the end of 2026, further accelerating early-stage game investments.

This initiative holds significant meaning for Taiwan’s local gaming industry—it not only provides urgently needed financing channels but also helps establish an investment ecosystem that understands the industry and is willing to accompany it. With industry observers like Hsieh Meng-gong teaming up with practical partners such as ZzZ and Mango Party, Taiwan’s original games are poised to enhance their global competitiveness.