Close Many team members at Unicorn Nest are Ukrainians affected by Russian aggression. We do our best to solve any issues and answer your questions in the shortest possible time frames but some delays are possible.

MSA Capital

Investor type Private Equity Firm
Founders Jenny Zeng


Unlock datapoints

Portfolio analytics



News & Media

Add fund to favorites
Save this fund for later to form your own custom list of funds
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.

Looking for a perfect list of funds?

Get recommendations from our smart algorithm

Get the list
Total investments 49
Average round size
The average size of a deal this fund participated in
Portfolio companies 41
Rounds per year 7.00
Lead investments 6
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 2
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • E-Commerce
  • Financial Services
  • Internet
  • Payments
  • Health Care

MSA Capital appeared to be the VC, which was created in 2014. The company was established in Asia in China. The main office of represented VC is situated in the Beijing.

This organization was formed by Jenny Zeng. Besides them, we counted 5 critical employees of this fund in our database.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the MSA Capital, startups are often financed by Sequoia Capital China, Qiming Venture Partners, Matrix Partners China. The meaningful sponsors for the fund in investment in the same round are Matrix Partners China, Ventech China, Tencent Holdings. In the next rounds fund is usually obtained by Tencent Holdings, Pegasus Tech Ventures, Morningside Venture Capital.

Comparing to the other companies, this MSA Capital performs on 12 percentage points less the average number of lead investments. The usual things for fund are deals in the range of more than 100 millions dollars. The important activity for fund was in 2015. Despite it in 2019 the fund had an activity. The average startup value when the investment from MSA Capital is more than 1 billion dollars. The fund is constantly included in 2-6 deals per year. Speaking about the real fund results, this VC is 6 percentage points less often commits exit comparing to other organizations. The top amount of exits for fund were in 2018.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - China. Among the various public portfolio startups of the fund, we may underline Uber, Meituan-Dianping, NIO We can highlight the next thriving fund investment areas, such as Fashion, E-Commerce. The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund.

Read more

Related Funds

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

Look at other 50 related and similar funds Collapse list
Fund NameLocation
>>venture>> Switzerland, Zürich, Zurich
British Gas United Kingdom, Windsor, Windsor and Maidenhead
DGF Investimentos Brazil, São Paulo, Sao Paulo
Furong Capital China, Shanghai
Gold Hill Capital California, San Jose, United States
Harbert Management Corporation Alabama, Birmingham, United States
Herald Investment Management -
INTEC Japan, Okinawa Prefecture, Toyama
Nihon Inter Electronics Company -
Nishinippon Newspaper Fukuoka, Fukuoka Prefecture, Japan Foundation -
Rogers Ventures Canada, Ontario, Toronto
Shanghai Liying Ziben China, Shanghai
Superior Industries International, Inc. Michigan, Southfield, United States
Tianjin Zijing Ziben China, Guangdong, Tianjin
Trade Capital Funding California, San Diego, United States
Vibrant Capital Partners New York, New York, United States
White Deer Energy Houston, Texas, United States

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


Financial Services
Mobile Apps
$9M26 Aug 2021 London, England, United Kingdom


Financial Services
$50M04 Aug 2021 Dubai, United Arab Emirates

Wapi Pay PTE Limited

Mobile Payments
$2M03 Aug 2021 Singapore, Central, Singapore

PAQ Therapeutics

Health Care
$30M15 Jul 2021 Cambridge, Massachusetts, United States


$2M07 Jul 2021 Faisalabad, Punjab, Pakistan

Jetstream Africa

$3M29 Jun 2021 Accra, Ghana


Home Decor
$15M18 May 2021 Cairo, Cairo Governorate, Egypt


$30M06 May 2021 Saudi Arabia, Riyadh Region, Saudi Arabia

$1B01 Mar 2021 Stockholm, Stockholm County, Sweden
Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA

– B2B e-commerce startup Capiter raised $33m in Series A funding.
– The round was co-led by Quona Capital and MSA Capital.
– Other participating investors include Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab and Derayah Ventures.
– Capiter was launched in July 2020 by Mahmoud Nouh and Ahmed Nouh.
– The company solves problems around reach and insights for suppliers and manufacturers.

Kenya’s Wapi Pay raises $2.2M pre-seed for cross-border payments between Africa and Asia

– Wapi Pay, a Kenyan startup with offices in China and Singapore, raised $2.2m in pre-seed funding.
– The round was led by China-based fund MSA Capital; Pan-African and Africa-focused firms EchoVC, Kepple Africa and Future Hub; and Pan-Asian firms Transsion Holdings and Gobi Ventures.
– The company will use the investments to engage regulators for licensing across Africa and for scale, product and geographical expansion.


  • No reviews are submitted yet.
Do you want more?
We provide dozens of additional datapoints about this fund.
Sign up and get access to full fund profile and advanced analysis.
Full team
Industries heatmap
Stages heatmap
Georgaphy breakdown
Portfolio analysis
Performance indexes
Latest highlights
Unlock all data
Do you represent MSA Capital?
Get access to manage this page
Get in touch
Found incorrect info? Let us know!

You can raise money with us faster

Get matched with relevant funds

Find decision makers data

Connect with investors by email

Remind me later
...and save more than 200 hours*
*-Our recommendation and outreach system saves up to 200 hours of founder time on fundraising for seed and series A+ startups
We use LinkedIn only to verify your account. We don't import or message your contacts, nor post on your behalf.
By creating an account, you agree to our Terms of Service and Privacy Policy.
Crunchbase icon

Content report

The following text will be sent to our editors: