Joy Capital

Investor type Venture Capital
Founders Xiao Li

Overview

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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.
Total investments 88
Average round size
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The average size of a deal this fund participated in
$80M
Portfolio companies 44
Rounds per year 12.57
Lead investments 20
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.49
Exits 3
Key employees 4
Stages of investment
Early Stage Venture

Areas of investment

  • Food and Beverage
  • E-Commerce
  • Automotive
  • Software
  • Transportation
Summary

Joy Capital appeared to be the VC, which was created in 2015. The fund was located in Asia if to be more exact in China. The main department of described VC is located in the Changyang.

The fund has specific favorite in a number of founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. Among the various public portfolio startups of the fund, we may underline NIO, luckin coffee, Mobike We can highlight the next thriving fund investment areas, such as Food and Beverage, Real Estate. For fund there is a match between the country of its foundation and the country of its the most frequent investments - China. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund.

Opposing the other organizations, this Joy Capital works on 23 percentage points less the average amount of lead investments. The higher amount of exits for fund were in 2018. The common things for fund are deals in the range of 50 - 100 millions dollars. The fund is constantly included in 7-12 investment rounds annually. When the investment is from Joy Capital the average startup value is more than 1 billion dollars. Speaking about the real fund results, this VC is 30 percentage points more often commits exit comparing to other organizations. The top activity for fund was in 2018. Despite it in 2019 the fund had an activity.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Joy Capital, startups are often financed by Legend Capital, Qiming Venture Partners, Vision Knight Capital. The meaningful sponsors for the fund in investment in the same round are Qiming Venture Partners, ZhenFund, K2VC. In the next rounds fund is usually obtained by Tencent Holdings, Hillhouse Capital Group, Qiming Venture Partners.

The overall number of key employees were 4.

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Related Funds

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

Funds with similar focus

Funds from China
Funds with similar focus located in China:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Youdi

Automotive
$15M28 Jan 2022 Chaoyang District, Beijing, China

Newlinks Technology

Automotive
Information Technology
Productivity Tools
Transportation
27 Jan 2022 Dongcheng District, Beijing, China

Starfield Food & Science Technology

AgTech
Biotechnology
Food and Beverage
Food Processing
$100M11 Jan 2022 Futian District, Guangdong Province, China

Lumi United Technology

Home Services
Internet of Things
Smart Home
Software
$154M28 Oct 2021 Futian District, Guangdong Province, China

Blueglass Yogurt

Food and Beverage
Food Processing
Snack Food
$30M16 Jul 2021 Beijing, Beijing, China

MegaRobo

Artificial Intelligence
Robotics
Software
$65M28 May 2021 Dongcheng District, Beijing, China

Luckin Coffee

Coffee
Food and Beverage
Retail
$250M16 Apr 2021 Siming, China

Nice Tuan

Consumer Goods
E-Commerce
Food and Beverage
Warehousing
$750M31 Mar 2021 Dongcheng District, Beijing, China

Newlink

Energy
Energy Management
Internet of Things
$200M22 Mar 2021 Qingdao Shi, Shandong, China
News
Image-Grade LiDAR Company Innovusion Raises $64 Million

– Innovusion is a worldwide leader in the design and development of image-grade LiDAR (Light Detection and Ranging) systems.
– The company raised $64m in Series B funding.
– The round was led by Temasek, BAI Capital, and Joy Capital.
– Existing investors NIO Capital, Eight Roads Ventures, and F-Prime Capital also participated in the round.
– The funding will be used to increase the production capabilities of its automotive-grade LiDARs, support supply-chain partners for mass production capabilities, and further expand Innovusion’s research and development efforts around advanced LiDAR Technologies.
– Innovusion’s products are widely used across autonomous vehicles, smart cities, high-speed rail transit systems, and have been recognized by clients as a top performer.

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