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BAce Capital

Founders Kshitij Karundia

Overview

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 15
Average round size
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The average size of a deal this fund participated in
$8M
Portfolio companies 13
Rounds per year 2.50
Lead investments 6
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.13
Key employees 4
http://www.bace.vc/
Yuexiu District, Guangdong Province, China
Stages of investment
Venture

Areas of investment

  • E-Learning
  • Education
  • Software
  • EdTech
  • Internet
Summary

BAce Capital is the famous VC, which was founded in 2018.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most successful fund investment fields, there are Software, Mobile Apps. Among the most popular portfolio startups of the fund, we may highlight Rapido Bike Taxi, Healofy. The fund has no exact preference in some founders of portfolio startups.

The typical case for the fund is to invest in rounds with 4 participants. Despite the BAce Capital, startups are often financed by Skycatcher, Ka Wing Kevin Kwong, Integrated Capital. The meaningful sponsors for the fund in investment in the same round are WestBridge Capital, Vertex Ventures, Skycatcher. In the next rounds fund is usually obtained by M&S Partners.

The top activity for fund was in 2019. Deals in the range of 10 - 50 millions dollars are the general things for fund. The real fund results show that this VC is 13 percentage points more often commits exit comparing to other companies. The fund is constantly included in 2-6 investment rounds annually.

The current fund was established by Kshitij Karundia. Besides them, we counted 4 critical employees of this fund in our database.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of BAce Capital:
1 Astarc Ventures
2 Central Capital Ventura
3 Omidyar Network
Typical Co-investors
BAce Capital is more likely to invest in rounds together with the following funds:
There are no funds here. If we find new data, we will add it here.
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after BAce Capital:
There are no funds here. If we find new data, we will add it here.

Funds with similar focus

Funds from China
Funds with similar focus located in China:
1 All-Stars Investment
2 Gaocheng Capital
3 Hanne Capital
4 Huobi Capital
5 Lanting Capital
Funds with the same geo focus
Funds with similar geography of portfolio companies:
1 Globevestor
2 Gunosy Capital
3 Powerhouse Ventures
4 True North
5 Zephyr Management
Funds doing lead investments
Funds with similar focus acting as lead investors:
1 500 Startups: Latam
2 Blue Hill Partners
3 Elephant & Castle Capital
4 Pelham Capital
5 Sylvan Ventures
Team
Benny Chen Managing Partner a239723c44d 7cdd6cbe9cddd078a c1efe5a0ac 7cdd6cbe9cddd078a

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

ConveGenius

E-Learning
Education
Software
$7M11 Jan 2024
UBS Optimus Foundation
Mount Judi Ventures
Michael & Susan Dell Foundation
Heritas Capital Management
Gray Matters Capital
BAce Capital
 Noida, Uttar Pradesh, India

Vuihoc.vn

E-Learning
EdTech
Education
Language Learning
$6M12 Jul 2023
Vulpes Ventures
TNB AURA
STIC Ventures
Do Ventures
BAce Capital
 Hanoi, Vietnam

Fit Hub Indonesia

Health Care
Wellness
$3M10 Apr 2023
Wavemaker Partners
Trihill Capital
Gentree Fund
East Ventures
BAce Capital
 Jakarta, Jakarta Raya, Indonesia

Vuihoc.vn

E-Learning
EdTech
Education
Language Learning
$2M29 Aug 2022
Vulpes Investment Management Pte Ltd
BAce Capital
 Hanoi, Vietnam

CloudEats

Food and Beverage
Food Delivery
Restaurants
$5M29 Oct 2021
Vulpes Investment Management Pte Ltd
Gobi Partners
BAce Capital
 Manila, Manila, Philippines

ConveGenius

E-Learning
Education
Software
$5M19 Oct 2021
Michael & Susan Dell Foundation
Heritas Capital Management
BAce Capital
3Lines
 Noida, Uttar Pradesh, India

SuperGaming

Online Games
$5M26 Aug 2021
1Up Ventures
BAce Capital
Skycatcher
Dream Incubator
AET Fund
 Pune, Maharashtra, India

Loship

Communities
Delivery
E-Commerce
Internet
Restaurants
$12M03 Aug 2021
Sun Hung Kai & Co
Wealth Well
Prism Venture Management
Metaplanet Holdings
SQ Capital Group 尚策資本集團
BAce Capital
 -

Wallex

Financial Services
10 Jun 2020
SMDV
Skystar Capital
BAce Capital
 Singapore, Central, Singapore
News
SuperGaming Raises $5.5M in Series A Funding

– SuperGaming is a Pune, India-based game development company.
– The company raised USD 5.5m in Series A funding.
– The round was led by Skycatcher, with participation from AET Fund (venture arm of Akatsuki), BAce Capital, Dream Incubator, 1Up Ventures, and Monish Darda.
– The new investment will be used to expand the company’s publishing division, market existing titles, and launch a battle royale game – Indus – in early 2022.

Vietnamese on-demand e-commerce platform Loship raises $12M at a valuation of $100M

– Loship, a Vietnamese on-demand e-commerce platform, raised $12m in pre-Series C funding.
– The round was co-led by BAce Capital, an Ant Group-backed venture firm, and the direct investment unit of Sun Hung Kai & Co Limited.
– Loship offers one-hour deliveries for a large range of products and services, including food, ride-hailing, medicine and B2B supplies.
– The company says it has more than 70,000 drivers and 200,000 merchants, and serves about 2 million customers in Hanoi, Ho Chi Minh City, Da Nang, Can Tho and Bien Hoa.
– Loship is in the process of raising a Series C, expected to close by the end of this year.

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Total investments 15
Average round size 8M
Rounds per year 2.50
Peak activity year 2020
Lead investments 6
Follow on index 0.13
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

ConveGenius

E-Learning
Education
Software
$7M11 Jan 2024
UBS Optimus Foundation
Mount Judi Ventures
Michael & Susan Dell Foundation
Heritas Capital Management
Gray Matters Capital
BAce Capital
 Noida, Uttar Pradesh, India

Vuihoc.vn

E-Learning
EdTech
Education
Language Learning
$6M12 Jul 2023
Vulpes Ventures
TNB AURA
STIC Ventures
Do Ventures
BAce Capital
 Hanoi, Vietnam

Fit Hub Indonesia

Health Care
Wellness
$3M10 Apr 2023
Wavemaker Partners
Trihill Capital
Gentree Fund
East Ventures
BAce Capital
 Jakarta, Jakarta Raya, Indonesia

Vuihoc.vn

E-Learning
EdTech
Education
Language Learning
$2M29 Aug 2022
Vulpes Investment Management Pte Ltd
BAce Capital
 Hanoi, Vietnam

CloudEats

Food and Beverage
Food Delivery
Restaurants
$5M29 Oct 2021
Vulpes Investment Management Pte Ltd
Gobi Partners
BAce Capital
 Manila, Manila, Philippines

ConveGenius

E-Learning
Education
Software
$5M19 Oct 2021
Michael & Susan Dell Foundation
Heritas Capital Management
BAce Capital
3Lines
 Noida, Uttar Pradesh, India

SuperGaming

Online Games
$5M26 Aug 2021
1Up Ventures
BAce Capital
Skycatcher
Dream Incubator
AET Fund
 Pune, Maharashtra, India

Loship

Communities
Delivery
E-Commerce
Internet
Restaurants
$12M03 Aug 2021
Sun Hung Kai & Co
Wealth Well
Prism Venture Management
Metaplanet Holdings
SQ Capital Group 尚策資本集團
BAce Capital
 -

Wallex

Financial Services
10 Jun 2020
SMDV
Skystar Capital
BAce Capital
 Singapore, Central, Singapore
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