K11 Investment

K11 Investment

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Headquarters Location

Hong Kong, Hong Kong

About

The fund is located in Hong Kong, Asia. The the headquarters of this Corporate Investor is in Hong Kong.

The fund has a preferred number of founders for start-ups that it invests in. If the applying start-up has 4 or 5+ founders, it is very unlikely that funding will be awarded. The average start-up age at the time of investment by this fund is 4-5. JD Logistics, Manbang Group, XPeng Motors are amongst the various portfolio companies of this fund. The country of its foundation and the country of its most frequent investments doesn't coincide - China. Besides this, the fund also invested in 1 other country. We can highlight the most popular investment areas for this fund, such as Logistics, Blockchain. In addition, there are 21 more industries where it has achieved success.

K11 Investment participates, on average, in 21 percentage points less than the average amount of lead investments in other funds. In terms of the fund's performance, this Corporate Investor has 22 percentage points more exits when compared to other organizations. Typical investments for this fund are deals in the range of more than 100 millions dollars. When K11 Investment invests, the average start-up valuation is more than 1 billion dollars. The fund generally invests in 2-6 deals every year. The highest number of exits from this fund were in 2018. In 2018, the fund's activity was at its peak.

The fund was created by Adrian Cheng. The overall number of key employee in the fund's team is 1.

The usual method for the fund is to invest in rounds with 5-6 other investors. Aside from K11 Investment, start-ups are often funded by GGV Capital, Venrock, Tencent Holdings and 7 other funds. Other VCs who often invest in the same rounds are Tencent Holdings, Sequoia Capital China, Hillhouse Capital Group, the total number of co-investors is 1. In subsequent rounds, the fund is usually joined by AMTD Group.

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: firststate.com.hk; User name format in descending order of probability: first '.' last

Group Appearance [how often fund is operating separately from groups with shared interest]

90.9% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x8

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

4.7 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.6 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

6

Number of Decacorns [amount of portfolio companies, which were valuated at more then $10B]

1

Number of Minotaurs [amount of portfolio companies, which raised more then $1B in total]

3

Funds Investing in Previous
Rounds

GGV Capital, Venrock, Tencent Holdings

Funds Investing in Following
Rounds

AMTD Group

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