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Sky9 Capital

Founders Ron Cao

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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 123
Average round size
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The average size of a deal this fund participated in
$29M
Portfolio companies 86
Rounds per year 15.38
Lead investments 16
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.28
Exits 4
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Blockchain
  • Information Technology
  • E-Commerce
  • Biotechnology
Summary

Sky9 Capital appeared to be the VC, which was created in 2016. The main department of described VC is located in the Shanghai. The venture was found in Asia in China.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Sky9 Capital, startups are often financed by K2VC, IDG Capital, Vision Plus Capital. The meaningful sponsors for the fund in investment in the same round are Lightspeed China Partners, K2VC, Hillhouse Capital Group. In the next rounds fund is usually obtained by Lightspeed China Partners, Hillhouse Capital Group, Yunqi Partners.

The high activity for fund was in 2018. Despite it in 2019 the fund had an activity. Speaking about the real fund results, this VC is 1 percentage points less often commits exit comparing to other organizations. The average startup value when the investment from Sky9 Capital is 500 millions - 1 billion dollars. Comparing to the other companies, this Sky9 Capital performs on 26 percentage points less the average number of lead investments. Deals in the range of 10 - 50 millions dollars are the general things for fund. The increased amount of exits for fund were in 2018. The fund is constantly included in 7-12 investment rounds annually.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - China. Among the various public portfolio startups of the fund, we may underline QingCloud, 51zhaoyou.com, Energy Monster The fund has exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular fund investment industries, there are Information Technology, Cloud Computing.

The fund was created by Ron Cao. Besides them, we counted 3 critical employees of this fund in our database.

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Typical Co-investors
Sky9 Capital is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Sky9 Capital:

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Funds with similar focus located in China:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Mint BioTech

Biopharma
Biotechnology
Life Science
Sustainability
22 Oct 2024 Hangzhou, Zhejiang, China

Zhihe Computing

Intelligent Systems
09 Sep 2024 Shenzhen, Guangdong, China

SnakeLite

Casual Games
Online Games
28 Aug 2024 -

Sentient Labs

$85M03 Jul 2024 Dubai, United Arab Emirates

Sentient

$85M02 Jul 2024 Incline Village, Nevada, United States

Mirror World

Artificial Intelligence
Blockchain
Gaming
Video Games
$12M18 Jun 2024 -

Babel AI

Information Technology
Software
$5M12 Jan 2024 Nantong, Jiangsu, China

Full-Life Technologies

Health Care
Manufacturing
Pharmaceutical
$47M03 Jan 2024 Shanghai, Shanghai, China

Wiseetec

Application Specific Integrated Circuit (ASIC)
Semiconductor
$15M18 Dec 2023 Suzhou, Jiangsu, China
News
Amber Group Raises $100M in Series B Funding at $1 Billion Valuation

– Amber Group, a Hong Kong-based crypto trading and technology company, raised $100m in Series B funding at a $1b valuation.
– The round was led by China Renaissance Group, Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, A&T Capital, Sky9 Capital, DCM Ventures, Gobi Partners, as well as existing investors Pantera Capital, Coinbase Ventures, Blockchain.com, Bit Digital, Digital Finance Group, Fenbushi Capital, Math Wallet, SNZ Capital, Continue Capital, and Mr. Zhao Qingsun.
– The company intends to use the funds to continue to expand global operations and develop market solutions for crypto investors and companies.

China’s WeRide secures more funding, pushing valuation to $3.3 billion

– WeRide, a Chinese autonomous driving company, raised “hundreds of millions” in Series C funding.
– The round was led by IDG Capital, Homeric Capital, CoStone Capital, Cypress Star, Sky9 Capital and K3 Ventures, and existing investors CMC Capital Partners, Qiming Venture Partners and Alpview Capital.
– The company intends to use this funding round to invest in R&D and commercialization as it works toward the next-generation of Level 4 driving, a term that means a vehicle can drive without human intervention in some environments and conditions.
– The company is also using the funds to prepare to commercialize its technology.

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Total investments 123
Average round size 29M
Rounds per year 15.38
Peak activity year 2022
Lead investments 16
Follow on index 0.28
Exits 4
Group Appearance index 0.90

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Mint BioTech

Biopharma
Biotechnology
Life Science
Sustainability
22 Oct 2024 Hangzhou, Zhejiang, China

Zhihe Computing

Intelligent Systems
09 Sep 2024 Shenzhen, Guangdong, China

SnakeLite

Casual Games
Online Games
28 Aug 2024 -

Sentient Labs

$85M03 Jul 2024 Dubai, United Arab Emirates

Sentient

$85M02 Jul 2024 Incline Village, Nevada, United States

Mirror World

Artificial Intelligence
Blockchain
Gaming
Video Games
$12M18 Jun 2024 -

Babel AI

Information Technology
Software
$5M12 Jan 2024 Nantong, Jiangsu, China

Full-Life Technologies

Health Care
Manufacturing
Pharmaceutical
$47M03 Jan 2024 Shanghai, Shanghai, China

Wiseetec

Application Specific Integrated Circuit (ASIC)
Semiconductor
$15M18 Dec 2023 Suzhou, Jiangsu, China
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