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Cathay Innovation

Founders Denis Barrier Mingpo Cai

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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 132
Average round size
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The average size of a deal this fund participated in
$39M
Portfolio companies 90
Rounds per year 14.67
Lead investments 30
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.30
Exits 5
Key employees 10
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • FinTech
  • Financial Services
  • Artificial Intelligence
  • Health Care
Summary

In 2015 was created Cathay Innovation, which is appeared as VC. The main department of described VC is located in the San Francisco. The venture was found in North America in United States.

The average startup value when the investment from Cathay Innovation is 500 millions - 1 billion dollars. Comparing to the other companies, this Cathay Innovation performs on 25 percentage points less the average number of lead investments. The increased amount of exits for fund were in 2019. The fund is generally included in 7-12 deals every year. Deals in the range of 10 - 50 millions dollars are the general things for fund. The real fund results show that this VC is 26 percentage points more often commits exit comparing to other companies. The high activity for fund was in 2018.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Cathay Innovation, startups are often financed by Index Ventures, Accel, Via ID. The meaningful sponsors for the fund in investment in the same round are Lightspeed China Partners, Ignition Partners, Greylock Partners. In the next rounds fund is usually obtained by Cathay Capital Private Equity, Tencent Holdings, Sequoia Capital China.

The current fund was established by Denis Barrier, Mingpo Cai. We also calculated 9 valuable employees in our database.

Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. We can highlight the next thriving fund investment areas, such as Mobile, E-Commerce. The fund has no exact preference in some founders of portfolio startups. When startup sums 4 of the founder, the probability for it to get the investment is little. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most popular portfolio startups of the fund, we may highlight Pinduoduo, Chime, Meiyou.

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Cathay Innovation is more likely to invest in rounds together with the following funds:
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These funds have a tendency to invest in the following rounds after Cathay Innovation:

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Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Ghost

Marketplace
Retail Technology
Software
15 Oct 2024 Los Angeles, California, United States

David Energy

Energy
Energy Efficiency
Energy Management
$23M23 Sep 2024 New York, New York, United States

Entalpic

Chemical
Product Research
$10M04 Sep 2024 Paris, Ile-de-France, France

Firstvet

Medical
Mobile Apps
Pet
Software
Veterinary
$23M24 Jun 2024 Stockholm, Stockholm County, Sweden

imagino

$29M03 Jun 2024 France, New Aquitaine, France

Bioptimus

$35M20 Feb 2024 Paris, Ile-de-France, France

Flowdesk

Cryptocurrency
Financial Services
FinTech
Information Technology
$50M18 Jan 2024 Paris, Ile-de-France, France

Nabla

Artificial Intelligence
$25M05 Jan 2024 Paris, Ile-de-France, France

Ghost

Marketplace
Retail Technology
Software
$30M21 Aug 2023 Los Angeles, California, United States
News
African genomics startup 54gene raises $25M to expand precision medicine capabilities

– African genomics startup 54gene has raised $25m in Series B funding.
– Pan-African venture capital firm Cathay AfricInvest Innovation Fund led this round.
– Lead investor from the company’s Series A funding, Adjuvant Capital, invested once again with participation from other VCs including KdT Ventures, Plexo Capital, Endeavor Catalyst and Ingressive Capital.
– The company has raised a total of $45m since its inception.

Indonesian D2C insurance marketplace Lifepal raises $9M Series A

– Lifepal, a marketplace for insurance policies, raised $9m in Series A funding.
– The round was led by ProBatus Capital, with participation from Cathay Innovation and returning investors Insignia Venture Partners, ATM Capital and Hustle Fund.
– Lifepal was founded in 2019 by former Lazada executives Giacomo Ficari and Nicolo Robba, along with Benny Fajarai and Reza Muhammad.
– The new funding brings its total raised to $12m.

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Total investments 132
Average round size 39M
Rounds per year 14.67
Peak activity year 2021
Lead investments 30
Follow on index 0.30
Exits 5
Group Appearance index 0.96

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Ghost

Marketplace
Retail Technology
Software
15 Oct 2024 Los Angeles, California, United States

David Energy

Energy
Energy Efficiency
Energy Management
$23M23 Sep 2024 New York, New York, United States

Entalpic

Chemical
Product Research
$10M04 Sep 2024 Paris, Ile-de-France, France

Firstvet

Medical
Mobile Apps
Pet
Software
Veterinary
$23M24 Jun 2024 Stockholm, Stockholm County, Sweden

imagino

$29M03 Jun 2024 France, New Aquitaine, France

Bioptimus

$35M20 Feb 2024 Paris, Ile-de-France, France

Flowdesk

Cryptocurrency
Financial Services
FinTech
Information Technology
$50M18 Jan 2024 Paris, Ile-de-France, France

Nabla

Artificial Intelligence
$25M05 Jan 2024 Paris, Ile-de-France, France

Ghost

Marketplace
Retail Technology
Software
$30M21 Aug 2023 Los Angeles, California, United States
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