Sky9 Capital

Founded 2016
Founders Ron Cao

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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 42
Average round size
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The average size of a deal this fund participated in
$28M
Portfolio companies 39
Rounds per year 8.40
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.26
Exits 4
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

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

Sky9 Capital appeared to be the VC, which was created in 2016. The main department of described VC is located in the Shanghai. The venture was found in Asia in China.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Sky9 Capital, startups are often financed by K2VC, IDG Capital, Vision Plus Capital. The meaningful sponsors for the fund in investment in the same round are Lightspeed China Partners, K2VC, Hillhouse Capital Group. In the next rounds fund is usually obtained by Lightspeed China Partners, Hillhouse Capital Group, Yunqi Partners.

The high activity for fund was in 2018. Despite it in 2019 the fund had an activity. Speaking about the real fund results, this VC is 1 percentage points less often commits exit comparing to other organizations. The average startup value when the investment from Sky9 Capital is 500 millions - 1 billion dollars. Comparing to the other companies, this Sky9 Capital performs on 26 percentage points less the average number of lead investments. Deals in the range of 10 - 50 millions dollars are the general things for fund. The increased amount of exits for fund were in 2018. The fund is constantly included in 7-12 investment rounds annually.

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 QingCloud, 51zhaoyou.com, Energy Monster The fund has exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular fund investment industries, there are Information Technology, Cloud Computing.

The fund was created by Ron Cao. Besides them, we counted 3 critical employees of this fund in our database.

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Typical Co-investors
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Sky9 Capital:

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Funds from China, Shanghai
Funds with similar focus located in China, Shanghai:
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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Cybertino Lab

Blockchain
1
$10M02 Sep 2021

WeRide

Artificial Intelligence
Autonomous Vehicles
Computer
Software
1
13 May 2021 China, Yuexiu District

Artificial Intelligence
Automotive
Autonomous Vehicles
1
07 May 2021 China, Shangcheng District

Artificial Intelligence
Robotics
1
25 Apr 2021 China, Shanghai

CellX

Agriculture
Biotechnology
Food and Beverage
1
15 Mar 2021 China, Shanghai

MetaApp

1
$100M11 Mar 2021 Slovakia, " Slovakia (Slovak Republic)"}

SHOPLAZZA

E-Commerce
E-Commerce Platforms
Information Technology
Internet
Software
1
$29M23 Jan 2021 Canada, Old Toronto

Changjing.ai

Artificial Intelligence
Software
1
14 Jan 2021 China, Dongcheng District

TuSimple

Artificial Intelligence
Autonomous Vehicles
Last Mile Transportation
Machine Learning
Transportation
1
$350M30 Nov 2020 United States, San Diego
News
Amber Group Raises $100M in Series B Funding at $1 Billion Valuation

– Amber Group, a Hong Kong-based crypto trading and technology company, raised $100m in Series B funding at a $1b valuation.
– The round was led by China Renaissance Group, Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, A&T Capital, Sky9 Capital, DCM Ventures, Gobi Partners, as well as existing investors Pantera Capital, Coinbase Ventures, Blockchain.com, Bit Digital, Digital Finance Group, Fenbushi Capital, Math Wallet, SNZ Capital, Continue Capital, and Mr. Zhao Qingsun.
– The company intends to use the funds to continue to expand global operations and develop market solutions for crypto investors and companies.

China’s WeRide secures more funding, pushing valuation to $3.3 billion

– WeRide, a Chinese autonomous driving company, raised “hundreds of millions” in Series C funding.
– The round was led by IDG Capital, Homeric Capital, CoStone Capital, Cypress Star, Sky9 Capital and K3 Ventures, and existing investors CMC Capital Partners, Qiming Venture Partners and Alpview Capital.
– The company intends to use this funding round to invest in R&D and commercialization as it works toward the next-generation of Level 4 driving, a term that means a vehicle can drive without human intervention in some environments and conditions.
– The company is also using the funds to prepare to commercialize its technology.

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