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23Seed

Founders Daniel Shi

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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 14
Average round size
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The average size of a deal this fund participated in
$886K
Portfolio companies 14
Rounds per year 1.56
Lead investments 7
Exits 1
Key employees 1
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Travel
  • Internet
  • Automotive
  • Electric Vehicle
  • Service Industry
Summary

23Seed appeared to be the VC, which was created in 2013. The venture was found in Asia in China. The main department of described VC is located in the Shanghai.

Among the most popular fund investment industries, there are Blockchain, Personalization. Among the most popular portfolio startups of the fund, we may highlight 24tidy. For fund there is a match between the country of its foundation and the country of its the most frequent investments - China. Besides, a startup needs to be aged 1 and less years to get the investment from the fund.

The high activity for fund was in 2015. Deals in the range of 100 thousands - 1 million dollars are the general things for fund. Speaking about the real fund results, this VC is 38 percentage points more often commits exit comparing to other organizations. The fund is constantly included in less than 2 deals per year. Opposing the other organizations, this 23Seed works on 21 percentage points less the average amount of lead investments.

The typical case for the fund is to invest in rounds with 1-2 participants. Despite the 23Seed, startups are often financed by Montage Ventures, XG Ventures, Wilson Sonsini Goodrich & Rosati. The meaningful sponsors for the fund in investment in the same round are XG Ventures, Topping Capital, Sinowisdom. In the next rounds fund is usually obtained by Sequoia Capital China, Oriza Holdings, ICH Gemini.

The current fund was established by Daniel Shi.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Enterprise
Robotics
27 Jul 2019 Shanghai

Blockchain
Venture Capital
$2M12 Jul 2018 Shanghai

AKTE

Agriculture
28 Apr 2018 Shanghai

LEADRIVE

Automotive
Electric Vehicle
Service Industry
$463K19 Apr 2018 Shanghai, China

Computer
Software
Virtual Reality
$1M29 Mar 2016 China, Zhejiang

Automotive
Electric Vehicle
Last Mile Transportation
Manufacturing
Product Research
Transportation
$1M02 Feb 2016 China, Shanghai

Trading Platform
$1M20 Jan 2016 China, Hunan

Kuaiyouxi

Casual Games
Gaming
Video Games
$463K16 Dec 2015 Yuexiu District, Guangdong Province

Yulan Tech

$231K24 Nov 2015 -

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Total investments 14
Average round size 886K
Rounds per year 1.56
Peak activity year 2015
Lead investments 7
Exits 1
Group Appearance index 0.43

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Enterprise
Robotics
27 Jul 2019 Shanghai

Blockchain
Venture Capital
$2M12 Jul 2018 Shanghai

AKTE

Agriculture
28 Apr 2018 Shanghai

LEADRIVE

Automotive
Electric Vehicle
Service Industry
$463K19 Apr 2018 Shanghai, China

Computer
Software
Virtual Reality
$1M29 Mar 2016 China, Zhejiang

Automotive
Electric Vehicle
Last Mile Transportation
Manufacturing
Product Research
Transportation
$1M02 Feb 2016 China, Shanghai

Trading Platform
$1M20 Jan 2016 China, Hunan

Kuaiyouxi

Casual Games
Gaming
Video Games
$463K16 Dec 2015 Yuexiu District, Guangdong Province

Yulan Tech

$231K24 Nov 2015 -
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