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New Alliance Capital

Founders Liefeng Qu

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 53
Average round size
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The average size of a deal this fund participated in
$43M
Portfolio companies 41
Rounds per year 3.31
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.23
Exits 3
Key employees 3
Stages of investment
Early Stage Venture

Areas of investment

  • Health Care
  • Biotechnology
  • Manufacturing
  • Medical
  • Pharmaceutical
Summary

New Alliance Capital is the famous VC, which was founded in 2008. The main department of described VC is located in the Shanghai. The venture was found in Asia in China.

We can highlight the next thriving fund investment areas, such as Medical Device, Enterprise. The fund has no exact preference in some founders of portfolio startups. If startup sums 3 or 4 of the founder, the chance for it to be financed is low. For fund there is a match between the country of its foundation and the country of its the most frequent investments - China. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Sight Diagnostics, Wuhan Zebra Express, ShopEx

This New Alliance Capital works on 18 percentage points less the average amount of lead investments comparing to the other organizations. The fund is constantly included in 2-6 deals per year. Deals in the range of 50 - 100 millions dollars are the general things for fund. The high activity for fund was in 2017. Despite it in 2019 the fund had an activity. The increased amount of exits for fund were in 2018. When the investment is from New Alliance Capital the average startup value is 500 millions - 1 billion dollars. Considering the real fund results, this VC is 9 percentage points less often commits exit comparing to other organizations.

The fund was created by Liefeng Qu. We also calculated 3 valuable employees in our database.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the New Alliance Capital, startups are often financed by Sequoia Capital China, Qiming Venture Partners, OurCrowd. The meaningful sponsors for the fund in investment in the same round are Shenzhen Capital Group, Tranquility Capital, Sequoia Capital China. In the next rounds fund is usually obtained by QJY Capital, Tranquility Capital, Steven Esrick.

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Typical Co-investors
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Funds with similar focus located in China:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Arnatar Therapeutics

$50M09 Apr 2024 San Diego, California, United States

Elite Technology

Analytics
Chemical Engineering
Product Research
$15M05 Jan 2024 Dalian Shi, Liaoning, China

LYNK Pharmaceuticals

Biotechnology
Health Care
Pharmaceutical
$18M21 Sep 2023 Hangzhou, Zhejiang, China

Xbotspace

Artificial Intelligence
08 Aug 2023 Xuhui, Shanghai, China

Eccogene

Health Care
$27M12 Jun 2023 Shanghai, China

Lips Semiconductor

Automotive
Electronics
Industrial
Manufacturing
Semiconductor
$15M17 Mar 2023 Wuxi, Anhui, China

GenScript ProBio

Biopharma
Medical
Pharmaceutical
$220M18 Jan 2023 Nanjing, Jiangsu, China

Core Medical Technology

Manufacturing
Medical
Medical Device
30 Dec 2022 Shenzhen, Guangdong, China

NeuroXess

Health Care
Health Diagnostics
Medical
28 Dec 2022 Huangpu, Shanghai, China
News
Lynk Pharmaceuticals Closes $50M Series B Financing

– Lynk Pharmaceuticals is a Hangzhou, China-based pharmaceutical R&D company.
– The company completed Series B financing of $50m.
– The round was led by Lilly Asia Ventures (LAV) with participation from New Alliance Capital and Hangzhou HEDA Biological Medicine Venture Capital Partnership (L.L.P.) and its original shareholders Legend Capital and Med-Fine Capital.
– The new investment will be used to conduct Phase I and II clinical trials for multiple programs in the R&D pipeline, expand international business, strengthen international collaborations with companies and support preclinical development of new projects.

Tavotek Biotherapeutics Snares $20M in Series A

– Tavotek Biotherapeutics from Lower Gwynedd, Pennsylvania, has raised over $20M in financing in the preceding two months.
YuanBio Venture Capital led the A1 finance round followed by Oriza Holdings, Ming BioVentures, and New Alliance Capital.
– Series A2 financing was jointly invested by GF Xinde, CTS Capital, and Lanhu Capital.

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Total investments 53
Average round size 43M
Rounds per year 3.31
Peak activity year 2021
Lead investments 4
Follow on index 0.23
Exits 3
Group Appearance index 0.96

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Arnatar Therapeutics

$50M09 Apr 2024 San Diego, California, United States

Elite Technology

Analytics
Chemical Engineering
Product Research
$15M05 Jan 2024 Dalian Shi, Liaoning, China

LYNK Pharmaceuticals

Biotechnology
Health Care
Pharmaceutical
$18M21 Sep 2023 Hangzhou, Zhejiang, China

Xbotspace

Artificial Intelligence
08 Aug 2023 Xuhui, Shanghai, China

Eccogene

Health Care
$27M12 Jun 2023 Shanghai, China

Lips Semiconductor

Automotive
Electronics
Industrial
Manufacturing
Semiconductor
$15M17 Mar 2023 Wuxi, Anhui, China

GenScript ProBio

Biopharma
Medical
Pharmaceutical
$220M18 Jan 2023 Nanjing, Jiangsu, China

Core Medical Technology

Manufacturing
Medical
Medical Device
30 Dec 2022 Shenzhen, Guangdong, China

NeuroXess

Health Care
Health Diagnostics
Medical
28 Dec 2022 Huangpu, Shanghai, China
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