Morningside Venture Capital - Unicorn Nest

Morningside Venture Capital

Morningside Venture Capital

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Headquarters Location

China, Xuhui

About

Morningside Venture Capital is a well known and established VC, which was founded in 2008. The primary office of this VC is located in Xuhui. The VC's location is in Asia, China.

Among their most successful investment fields, we have identified Biopharma, Software. Also, because of its portfolio diversification tendency, we can highlight 57 more industries for this fund. The average start-up age at the time of investment by this fund is 2-3. Among the most popular portfolio start-ups of the fund, are Xiaomi, SenseTime, XPeng Motors. The country of its establishment and the country of its most frequent investments coincides - China. However, start-ups from 3 other countries can be found in the fund's portfolio. 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 fund usually invests in rounds together with 2-3 others. Aside from Morningside Venture Capital, start-ups are often funded by Sequoia Capital China, Morningside Group, Matrix Partners China and 39 other funds. Other VCs who often invest in the same rounds are Sequoia Capital China, Gaorong Capital, GGV Capital, the total number of co-investors is 41. The investors in the following rounds are usually Tiger Global Management, Sequoia Capital China, Tencent Holdings, and 34 VCs in total.

This VC was founded by Richard Liu. Besides the listed founders, we have found 4 key employees of this fund in our database.

The fund usually participates in 7-12 investment rounds per year. At the time of investment by Morningside Venture Capital, a typical start-up valuation would be more than 1 billion dollars. We recorded the biggest number of exits for this fund in 2018. In 2018, the fund's activity was at its peak. Besides, in 2019 the fund was active. Deals in the range of more than 100 millions dollars are most common for this fund. In comparison with other funds, Morningside Venture Capital makes 21 percentage points less than the average number of lead investments. The fund performance shows that this VC achieves 11 percentage points more exits in comparison to other VCs.

Year Founded

2008

Fund Activity

Operative

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

98.3% of cases

Investments per Year [average amount of rounds in which fund participates each year]

7-12

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

34.5% of cases

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

x7

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

6.1 years

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

0.4 out of 1

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

11

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]

4

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