Tencent Holdings

Headquarters Location

China, Shenzhen

About

Tencent Holdings is a well known and established Corporate Investor, which was founded in 1998. The main office of this Corporate Investor is situated in Shenzhen. The VC's location is in Asia, China.

When Tencent Holdings invests, the average start-up valuation is more than 1 billion dollars. The fund typically enters into 25-48 deals annually. The most common rounds for this fund are in the range of more than 100 millions dollars. In comparison with other funds, Tencent Holdings makes 15 percentage points less than the average number of lead investments. The fund's activity peaked in 2018. Additionally, in 2019 the fund was active. We recorded the biggest number of exits for this fund in 2018. The fund performance shows that this Corporate Investor achieves 38 percentage points more exits in comparison to other VCs.

The country of its establishment and the country of its most frequent investments coincides - China. However, start-ups from 18 other countries can be found in the fund's portfolio. The fund has no specific requirements for the number of founders in a start-up. If there are 5+ founders in the start-up, the probability of getting the investment is low. Uber, Didi Chuxing, Meituan-Dianping are amongst the various portfolio companies of this fund. Moreover, a start-up needs to be 4-5 years old to get investment from this fund. We can highlight the most popular investment areas for this fund, such as Mobile Apps, Internet. In addition, there are 159 more industries where it has achieved success.

The fund typically invests in rounds with 3-4 participants. Aside from Tencent Holdings, start-ups are often funded by Lightspeed Venture Partners, Tiger Global Management, Spark Capital and 246 other funds. Other VCs who often invest in the same rounds are SV Angel, Matrix Partners China, ZhenFund, the total number of co-investors is 204. In subsequent rounds, the fund is usually supported by Qiming Venture Partners, Sinovation Ventures, Matrix Partners China, out of 121 investors from our database.

This VC was founded by Chen Ye Xu, Pony Ma, Zhidong Zhang. The overall number of key employees in the fund's team is 42.

Year Founded

1998

Fund Activity

Operative

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

95.6% of cases

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

13-24

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

15.5% 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]

4.8 years

Decision Makers / Strategy
Similarity Index [see explanation at unicorn-nest.com/dataset-what-we-tweet-vs-what-we-invest]

0.14 out of 1

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

0.58 out of 1

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

72

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

13

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

33

Funds Investing in Previous
Rounds

Lightspeed Venture Partners, Tiger Global Management, Spark Capital

Funds Investing Together

SV Angel, Matrix Partners China, ZhenFund

Funds Investing in Following
Rounds

Qiming Venture Partners, Sinovation Ventures, Matrix Partners China