The venture was found in Asia in Hong Kong. The leading representative office of defined VC is situated in the Causeway Bay.
The current fund was established by Andrew Lee. The overall number of key employees were 3.
The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Alibaba Entrepreneurs Fund, startups are often financed by 500 Startups, MindWorks Ventures, Coent Venture Partners. The meaningful sponsors for the fund in investment in the same round are CDIB Capital, MindWorks Ventures, WI Harper Group. In the next rounds fund is usually obtained by CDIB Capital, Monku2019s Hill Ventures, Line Ventures.
The fund has no exact preference in a number of founders of portfolio startups. When startup sums 3 or 5+ of the founder, the probability for it to get the investment is little. We can highlight the next thriving fund investment areas, such as Logistics, E-Commerce. Among the most popular portfolio startups of the fund, we may highlight GoGoVan, WeLab, AutoX. Besides, a startup needs to be aged 2-3 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 - Hong Kong.
The fund is constantly included in 7-12 investment rounds annually. Speaking about the real fund results, this VC is 50 percentage points more often commits exit comparing to other organizations. The usual things for fund are deals in the range of 10 - 50 millions dollars. The average startup value when the investment from Alibaba Entrepreneurs Fund is 1-5 millions dollars. The top activity for fund was in 2018.
Related Funds
Notable deals
Company | Industry | Round Size | Date | Investors | Location |
Ziwu Technology | 04 Jan 2024 | - | |||
Rice Robotics Limited | $7M | 17 Jul 2023 | - | ||
Wristcheck | $8M | 17 Jan 2023 | Hong Kong Island, Hong Kong, China | ||
PanopticAI | $1M | 16 Nov 2022 | Hong Kong Island, Hong Kong, China | ||
Pantheon Lab | 10 Nov 2022 | Hong Kong, Hong Kong, China | |||
Great Bay Bio | $15M | 13 Sep 2022 | Hong Kong Island, Hong Kong, China | ||
Clearbot | 08 Sep 2022 | Hong Kong, Hong Kong, China | |||
AsiaYo | $12M | 11 Jul 2022 | New Taipei, Taiwan | ||
Great Bay Bio | $10M | 01 Dec 2021 | Hong Kong Island, Hong Kong, China |
– Forkast, a Hong Kong-based blockchain-focused multimedia platform, raised $1.7M in seed funding.
– The round was led by AMTD Group, Fenbushi Capital, Alibaba Hong Kong Entrepreneurs Fund, Animoca Brands, Longling Capital, CMCC Global and Sora Ventures.
– The company intends to use the funds to enhance its digital story-telling capabilities led by video, expand its current team and invest in innovative content creation technologies that deepen engagement with a global audience.
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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
Ziwu Technology | 04 Jan 2024 | - | |||
Rice Robotics Limited | $7M | 17 Jul 2023 | - | ||
Wristcheck | $8M | 17 Jan 2023 | Hong Kong Island, Hong Kong, China | ||
PanopticAI | $1M | 16 Nov 2022 | Hong Kong Island, Hong Kong, China | ||
Pantheon Lab | 10 Nov 2022 | Hong Kong, Hong Kong, China | |||
Great Bay Bio | $15M | 13 Sep 2022 | Hong Kong Island, Hong Kong, China | ||
Clearbot | 08 Sep 2022 | Hong Kong, Hong Kong, China | |||
AsiaYo | $12M | 11 Jul 2022 | New Taipei, Taiwan | ||
Great Bay Bio | $10M | 01 Dec 2021 | Hong Kong Island, Hong Kong, China |