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FREES FUND

Founders Ben Lin Feng Li

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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 182
Average round size
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The average size of a deal this fund participated in
$13M
Portfolio companies 129
Rounds per year 20.22
Lead investments 20
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.27
Exits 6
Key employees 4
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Artificial Intelligence
  • E-Commerce
  • Biotechnology
  • Health Care
  • Internet
Summary

FREES FUND appeared to be the VC, which was created in 2015. The company was established in Asia in China. The leading representative office of defined VC is situated in the Beijing.

The fund was created by Ben Lin, Feng Li. We also calculated 4 valuable employees in our database.

This FREES FUND works on 27 percentage points less the average amount of lead investments comparing to the other organizations. When the investment is from FREES FUND the average startup value is 500 millions - 1 billion dollars. The real fund results show that this VC is 8 percentage points more often commits exit comparing to other companies. The fund is generally included in 13-24 deals every year. The increased amount of exits for fund were in 2016. The high activity for fund was in 2018. Despite it in 2019 the fund had an activity. The common things for fund are deals in the range of 10 - 50 millions dollars.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the FREES FUND, startups are often financed by ZhenFund, Yunqi Partners, TAL Education Group. The meaningful sponsors for the fund in investment in the same round are ZhenFund, Shunwei Capital, Matrix Partners China. In the next rounds fund is usually obtained by IDG Capital, Matrix Partners China, ZhenFund.

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 - China. Among the most popular fund investment industries, there are Internet, Education. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight Unity Technologies, Huasheng Haoche, Club Factory.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of FREES FUND:
Typical Co-investors
FREES FUND 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 FREES FUND:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Brix

Artificial Intelligence
Online Portals
Recruiting
$3M04 Feb 2024 Costa Mesa, California, United States

Aeroband

Manufacturing
Music
Musical Instruments
$1M02 Feb 2024 Haidian District, Beijing, China

Babel AI

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

Neurodome

Biotechnology
Medical
Medical Device
27 Dec 2023 Xian Shi, Shaanxi, China

Zhuji Dynamics

Manufacturing
Robotics
$30M17 Oct 2023 -

Chuguang 3D

3D Technology
Information Technology
Optical Communication
Sensor
$1M19 Sep 2023 Wuhan, Hubei, China

Atantares Corp.

Health Diagnostics
Machine Learning
Semiconductor
$15M31 Jul 2023 Cambridge, Massachusetts, United States

Optical Standard Technology

Artificial Intelligence
Manufacturing
Optical Communication
$7M24 Jul 2023 Suzhou, Jiangsu, China

SPEEDIANCE

Fitness
Health Care
Wellness
$7M17 Jul 2023 Shenzhen, Guangdong, China
News
OnQuality Pharmaceuticals Announces Closing of $35 Million Series A+ Financing

– OnQuality Pharmaceuticals LLC (“OnQuality”), a targeted cancer supportive care company developing medications to address specific side effects and improve the quality of life for patients receiving anti-cancer medications, today announced the closing of its Series A+ financing round securing an additional $20 million in funding. This brings the total amount of capital raised in Series A and A+ to $35 million.
– This financing round included participation from Shiyu Capital, Matrix Partners China, BioTrack Capital, CASH Capital, Sinovation Ventures, FreeS Fund, and additional biotech veterans.
– Proceeds from the financing will support the ongoing Phase II clinical trial of the company’s leading compound OQL011, as well as multiple additional targeted cancer supportive care programs anticipated to enter different phases of clinical development over the next 18 months.
OnQuality also announced the appointment of pharmaceutical executive Michael McCullar, Ph.

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Total investments 182
Average round size 13M
Rounds per year 20.22
Peak activity year 2016
Lead investments 20
Follow on index 0.27
Exits 6
Group Appearance index 0.80

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Brix

Artificial Intelligence
Online Portals
Recruiting
$3M04 Feb 2024 Costa Mesa, California, United States

Aeroband

Manufacturing
Music
Musical Instruments
$1M02 Feb 2024 Haidian District, Beijing, China

Babel AI

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

Neurodome

Biotechnology
Medical
Medical Device
27 Dec 2023 Xian Shi, Shaanxi, China

Zhuji Dynamics

Manufacturing
Robotics
$30M17 Oct 2023 -

Chuguang 3D

3D Technology
Information Technology
Optical Communication
Sensor
$1M19 Sep 2023 Wuhan, Hubei, China

Atantares Corp.

Health Diagnostics
Machine Learning
Semiconductor
$15M31 Jul 2023 Cambridge, Massachusetts, United States

Optical Standard Technology

Artificial Intelligence
Manufacturing
Optical Communication
$7M24 Jul 2023 Suzhou, Jiangsu, China

SPEEDIANCE

Fitness
Health Care
Wellness
$7M17 Jul 2023 Shenzhen, Guangdong, China
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