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Sunshine Insurance Group

Founders Zhang Weigong

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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 28
Average round size
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The average size of a deal this fund participated in
$137M
Portfolio companies 26
Rounds per year 1.65
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.07
Exits 1
Key employees 5

Areas of investment

  • Health Care
  • Biotechnology
  • Medical
  • Internet
  • Artificial Intelligence
Summary

In 2007 was created Sunshine Insurance Group, which is appeared as Corporate Investor. The main office of represented Corporate Investor is situated in the Beijing. The fund was located in Asia if to be more exact in China.

This organization was formed by Zhang Weigong. The overall number of key employees were 5.

We can highlight the next thriving fund investment areas, such as SaaS, Facial Recognition. Among the various public portfolio startups of the fund, we may underline Zhihu, Face++ (Megvii), Deepwise The fund has no exact preference in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Besides, a startup needs to be aged 4-5 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - China.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Sunshine Insurance Group, startups are often financed by Sinovation Ventures, Qiming Venture Partners, Lightspeed China Partners. The meaningful sponsors for the fund in investment in the same round are Tencent Holdings, Sunland Fund, Silk Road Huachuang. In the next rounds fund is usually obtained by Sodexo Ventures, China Merchants Zhiyuan Capital, Boyu Capital.

The real fund results show that this Corporate Investor is 30 percentage points more often commits exit comparing to other companies. The average startup value when the investment from Sunshine Insurance Group is more than 1 billion dollars. The high activity for fund was in 2019. The common things for fund are deals in the range of more than 100 millions dollars. The fund is constantly included in less than 2 investment rounds annually.

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Funds investing in previous rounds
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Typical Co-investors
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These funds have a tendency to invest in the following rounds after Sunshine Insurance Group:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Data Grand

$89M09 Mar 2022 Shanghai, China

Grit Science

$15M02 Mar 2022 -

ChangXin Memory Technologies

$1B17 Feb 2022 Hefei, Anhui, China

ImmuneOnco Biopharma

Biopharma
Biotechnology
Health Care
$100M01 Jan 2022 Shanghai, China

XuanZhu Pharma

Biopharma
Biotechnology
Medical
Pharmaceutical
$94M31 Dec 2021 Hebei, Hebei, China

Neurophth Therapeutics

Biotechnology
Life Science
$60M23 Nov 2021 Jiang'an District, Hubei, China

Geekbang Technology

Enterprise
$10M30 Jun 2021 Dongcheng District, Beijing, China

Lepu Bio

Biotechnology
Health Care
$200M06 Aug 2020 China, Shanghai

MabPlex International

Association
Non Profit
$77M08 Jun 2020 Fremont, California, United States

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Total investments 28
Average round size 137M
Rounds per year 1.65
Peak activity year 2022
Lead investments 4
Follow on index 0.07
Exits 1
Group Appearance index 0.82

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Data Grand

$89M09 Mar 2022 Shanghai, China

Grit Science

$15M02 Mar 2022 -

ChangXin Memory Technologies

$1B17 Feb 2022 Hefei, Anhui, China

ImmuneOnco Biopharma

Biopharma
Biotechnology
Health Care
$100M01 Jan 2022 Shanghai, China

XuanZhu Pharma

Biopharma
Biotechnology
Medical
Pharmaceutical
$94M31 Dec 2021 Hebei, Hebei, China

Neurophth Therapeutics

Biotechnology
Life Science
$60M23 Nov 2021 Jiang'an District, Hubei, China

Geekbang Technology

Enterprise
$10M30 Jun 2021 Dongcheng District, Beijing, China

Lepu Bio

Biotechnology
Health Care
$200M06 Aug 2020 China, Shanghai

MabPlex International

Association
Non Profit
$77M08 Jun 2020 Fremont, California, United States
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