Hangzhou, Zhejiang, China The main department of described VC is located in the Hangzhou. The company was established in Asia in China.
Among the most popular portfolio startups of the fund, we may highlight Mars Finance, Binance, Slife. For fund there is a match between the location of its establishment and the land of its numerous investments - China. The fund has specific favorite in a number of founders of portfolio startups. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. We can highlight the next thriving fund investment areas, such as Electric Vehicle, Ethereum.
The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Funcity Capital, startups are often financed by Source Code Capital, Plum Ventures. The meaningful sponsors for the fund in investment in the same round are Yintai Group, Wanxiang Blockchain, Timestamp Capital. In the next rounds fund is usually obtained by Matrix Partners China, Ceyuan Ventures, Xinruan Software.
The high activity for fund was in 2018. The real fund results show that this VC is 2 percentage points more often commits exit comparing to other companies. The average startup value when the investment from Funcity Capital is 500 millions - 1 billion dollars. Deals in the range of 50 - 100 millions dollars are the general things for fund. The fund is constantly included in less than 2 investment rounds annually.
The current fund was established by Weixing Chen. The overall number of key employees were 1.
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Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
CHAINDIGG | $9M | 20 Sep 2020 | Beijing, Beijing, China | ||
More Sales | $3M | 13 Sep 2018 | China, Beijing | ||
Biplusplus | $1M | 02 Aug 2018 | China, Beijing | ||
Lenudo | $1M | 28 Jun 2018 | China, Zhejiang | ||
Slife | $15M | 21 Jun 2018 | Shangcheng District, Zhejiang, China | ||
Li Auto | $463M | 22 Mar 2018 | China, Beijing | ||
Mars Finance | 06 Mar 2018 | Dongcheng District, Beijing, China | |||
8btc.com | $16M | 02 Mar 2018 | Shangcheng District, Zhejiang, China | ||
CHAINDIGG | $1M | 15 Jan 2018 | Beijing, Beijing, China |
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Unlock all data Latest deals
| Company | Industry | Round Size | Date | Investors | Location |
CHAINDIGG | $9M | 20 Sep 2020 | Beijing, Beijing, China | ||
More Sales | $3M | 13 Sep 2018 | China, Beijing | ||
Biplusplus | $1M | 02 Aug 2018 | China, Beijing | ||
Lenudo | $1M | 28 Jun 2018 | China, Zhejiang | ||
Slife | $15M | 21 Jun 2018 | Shangcheng District, Zhejiang, China | ||
Li Auto | $463M | 22 Mar 2018 | China, Beijing | ||
Mars Finance | 06 Mar 2018 | Dongcheng District, Beijing, China | |||
8btc.com | $16M | 02 Mar 2018 | Shangcheng District, Zhejiang, China | ||
CHAINDIGG | $1M | 15 Jan 2018 | Beijing, Beijing, China |
