Oriental Fortune Capital

Investor type Venture Capital
Founders Wei Chen

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 199
Average round size
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The average size of a deal this fund participated in
$15M
Portfolio companies 170
Rounds per year 13.27
Lead investments 34
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.15
Exits 22
Key employees 6
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • E-Commerce
  • Information Technology
  • Artificial Intelligence
  • Enterprise
Summary

The main office of represented VC is situated in the Shenzhen. The fund was located in Asia if to be more exact in China.

The higher amount of exits for fund were in 2019. The high activity for fund was in 2019. The usual things for fund are deals in the range of 10 - 50 millions dollars. When the investment is from Oriental Fortune Capital the average startup value is 100-500 millions dollars. This Oriental Fortune Capital works on 26 percentage points less the average amount of lead investments comparing to the other organizations. The fund is constantly included in 7-12 investment rounds annually. Speaking about the real fund results, this VC is 21 percentage points more often commits exit comparing to other organizations.

Besides them, we counted 12 critical employees of this fund in our database.

The fund has no exact preference 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 most popular portfolio startups of the fund, we may highlight Jiuxian, Dada, Tuya. Among the most successful fund investment fields, there are Enterprise Software, Marketing. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - China.

The standard case for the fund is to invest in rounds with 2-3 partakers. Despite the Oriental Fortune Capital, startups are often financed by ZhenFund, China Growth Capital, Sequoia Capital China. The meaningful sponsors for the fund in investment in the same round are Shenzhen Guozhong Venture Capital Management, Shenzhen Capital Group, Sequoia Capital China. In the next rounds fund is usually obtained by Tencent Holdings, ZhenFund, TAL Education Group.

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Related Funds

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

Meichuang Technology

Enterprise
$1B28 Dec 2021 Shangcheng District, Zhejiang, China

Timekettle

Artificial Intelligence
Communication Hardware
Language Learning
Machine Learning
Translation Service
Wearables
24 Dec 2021 Shenzhen, Guangdong, China

Zhi'an New Energy

$1M23 Dec 2021 Shenzhen, Guangdong, China

Meikai Information Technology

13 Dec 2021 -

Bridge HR Group

Consulting
Human Resources
Management Consulting
Professional Services
03 Dec 2021 Shanghai, Shanghai, China

Ustar

Biopharma
Biotechnology
Health Care
Health Diagnostics
$46M30 Nov 2021 Hangzhou, Zhejiang, China

Siwei Zongheng

Analytics
Data Storage
Database
$15M29 Nov 2021 Haidian, Beijing, China

Guoxing Aerospace

Aerospace
Commercial
Satellite Communication
$54M20 Nov 2021 Qingyang District, Sichuan, China

Zhihe Technology

Construction
Internet
Internet of Things
12 Nov 2021 Jiangning, Jiangsu, China
News
Raythink Raises Tens of Millions of Yuan Series A Funding

– Raythink, a Shenzhen, China-based in-vehicle AR display technology company, raised an undisclosed amount in Series A funding.
– The round – of tens of millions of yuan – was led by Plum Ventures with participation Qianhai FOF, Weed Ventures, Oriental Fortune Capital.
– The company intends to use the funds for a rail transit laboratory, HUD (heads-up display) mass production and automotive-grade certification.

Teon Therapeutics Completes $30 Million Series A Financing

– Teon Therapeutics completed a $30m Series A financing.
– The financing was led by Oceanpine Capital with participation from additional new investors Oriza Ventures, Lifespan Investments, and former Gilead senior executives.
– All existing investors also participated in the financing round including Northern Light Venture Capital, Kaitai Capital and Oriental Fortune Capital.
– The funds will be used to advance the company’s lead A2BR-selective antagonist TT-702 into the clinic as well as to build the company’s pipeline.

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