Have you ever used Pinduoduo? There is a wide variety of e-commerce start-ups in China, but why is Pinduoduo suddenly so popular? It is because it has a large user base? Public data show that Pinduoduo has already attracted over 300 million users even though it is less than 3 years old, and its monthly […]
Category: News
Cathay Capital launches its Smart Energy Fund with founding partners Total and Hubei High Tech
March 27, 2018 Cathay Capital Private Equity (‘Cathay’), Total Energy Ventures (‘Total’), Hubei High Technology Investment Guiding Fund Management Co., Ltd. (‘Hubei’), have signed today a Framework Cooperation Agreement to launch the Cathay Smart Energy Fund, an investment fund dedicated to the new energy sector in China. The fund will focus its investments on emerging […]
Ledger raises another $75 million to become the leader in cryptocurrency hardware wallets
Ledger just raised an impressive Series B round of $75 million (€61 million), led by Draper Esprit. The startup already raised a $7 million round last year. But the cryptocurrency mania probably made it easy to raise more money. If you have more than a bit of money in cryptocurrencies, chances are you’ve heard about Ledger wallets. The French […]
OWKIN raises $ 11 million to harness artificial intelligence for medical researc
La start-up OWKIN, spécialisée dans le machine learning appliqué à la recherche médicale, a bouclé un tour de table de 11 millions de dollars mené par Cathay Innovation, Otium Venture, Plug and Play et NJF Capital. Cette opération porte à 13,1 millions de dollars le montant total levé par la société depuis sa création. […]
Orange Takes Part in $11 Million Funding Round For FollowAnalytics
Orange (ORA.FR) on Wednesday said that it has participated in an 11 million dollar funding round for mobile marketing startup FollowAnalytics. The French telecommunications group said its investment in San Francisco-based FollowAnalytics has been made through Orange Digital Ventures, a fund it launched in 2015 to invest in early-stage tech companies. Orange didn’t disclose the […]
Cathay Capital Fund Leads Series B2 Round In Chinese Autonomous Driving Tech Firm Momenta
A fund managed by Cathay Capital Private Equity has led a series B2 round in Chinese autonomous driving tech start-up Momenta, with participation from GGV Capital. […]
European on-demand delivery startup Glovo raises €30 million Series B
Late last month, Spanish media got wind that the Barcelona-based on-demand delivery app Glovo had closed Series B funding, but now the company is making the news official. The startup, which offers a service similar to Postmates in the U.S., has raised a €30 million round led by Rakuten Capital, and Cathay Innovation. Existing investors Seaya Ventures, Entreé Capital, […]
Chime raises $18 million for mobile banking without the fees
It’s a bank account and debit card built for the digital age. Chime is raising $18 million in Series B financing for its mobile-first approach to banking. Cathay Innovation led the round with participation from Northwestern Mutual Future Ventures, Crosslink Capital, Forerunner Ventures, Homebrew and others. […]
Cathay Innovation Leads $15M Round In Chinese Men’s Fashion Start-Up MagMode
Cathay Innovation, a global venture capital fund affiliated with Sino-French private equity firm Cathay Capital Private Equity, has led a US$15 million series B2 financing round in MagMode, a Chinese men’s fashion start-up. […]
Cathay Innovation Raises $320 Million Inaugural Fund to Invest in Early Growth Technology Startups
PARIS, July 5, 2017 /PRNewswire/ — Cathay Innovation today announced the closing of its first investment vehicle for a total of $320 million, representing one of the largest fundraisings ever in Europe for an inaugural venture capital fund. The success of this fundraising can largely be explained by the unique approach proposed by Cathay Innovation and how this approach resonated among investors. […]