March 9, 2020 The Cathay Smart Energy Fund recently announced the successful completion of an exclusive Series A+ funding round worth tens of millions of RMB in ALLSENSE Technology, an industrial IoT solutions provider. ALLSENSE Technology specializes in integrating cutting-edge artificial intelligence technology with production processes in order to upgrade traditional industrial operations and so […]
Category: Press Releases
Cathay Innovation Gains L’Oréal as a Strategic Investor
October 23, 2019 L’Oréal announced today a strategic investment in Cathay Innovation, a global venture capital fund founded to support entrepreneurs engaged in the sustainable transformation of the world through technology. With this transaction, L’Oréal strengthens its connection to the beauty tech startup ecosystem, particularly in China, the group’s second largest market and a pioneer in digital […]
Cathay Innovation Invests in Microbiome Precision Medicine Startup DayTwo
October 3, 2019 DayTwo, the only microbiome human discovery platform with an actionable product in the market, has announced the addition of Longliv Ventures, a member of CK Hutchison Holdings Group, the global VC partnership Cathay Innovation, and Samsung NEXT as strategic investors and partners. Longliv Ventures, Cathay Innovation and Samsung NEXT will participate in the […]
Cathay Innovation Invests in Leading Temporary Staffing Platform iziwork
Paris, October 1st, 2019 – One year after its commercial launch, the worker-centric temporary staffing marketplace iziwork announces a EUR 12 million Series A funding round with the global venture capital fund Cathay Innovation, and its early investor Global Founders Capital. This brings to EUR 20 million the total amount invested in the JobTech startup which […]
Cathay Innovation Raises EUR 320M in First Close for Fund II
Paris, San Francisco, Shanghai, June 18, 2019 Cathay Innovation today announces the launch of a new investment vehicle, with a first closing at EUR 320 million and a fundraising target of EUR 500 million. The new investment vehicle will allow Cathay Innovation’s team – now strong of 30 members based in Paris, San Francisco, Shanghai […]
Cathay Innovation Invests in KaiOS Technologies
May 22, 2019 KaiOS Technologies, maker of KaiOS, the leading mobile operating system for smart feature phones, announced today $50 million in a Series B funding round led by Cathay Innovation, with continued participation from Kai’s existing shareholders, Google and TCL Holdings. To date, more than 100 million devices running on KaiOS have been shipped, […]
Cathay-Backed Drivy Acquired by Getaround
April 24, 2019 Cathay Innovation today announces that Getaround, the US carsharing pioneer, has acquired for $300m its portfolio company Drivy, the largest and fastest-growing carsharing platform in Europe, in order to form the world leading carsharing marketplace, with more than 5 million users spanning over 300 cities in the U.S. and Europe. While Cathay […]
AfricInvest and Cathay Innovation Join Forces to Launch the Leading Pan-African Venture Fund
April 10, 2019 AfricInvest, a leading private equity firm in Africa with $1.5bn in assets under management, and Cathay Innovation, the global venture capital fund, created in affiliation with Cathay Capital Private Equity, are pleased to announce today their association for the fundraising and management of the “Cathay Africinvest Innovation” Fund, the first Pan-African Venture […]
Cathay CarTech Invests in World Leader in 3D Sensing Systems UPhoton
January 7, 2019 Cathay CarTech Fund, in partnership with Lenovo Capital, THG Ventures, TusStar Invest and ZOL QiHang Investment, has recently completed a 100 million RMB funding round for UPhoton. The leading 3D sensing system supplier once again won the recognition of capital markets. Several existing shareholders such as Shunwei Capital and Baidu Venture have […]
FINALCAD raises $40M to digitise the construction industry
December 13, 2018 Paris, December 13th, 2018. — FINALCAD, a leading construction mobile platform, today announces a $40 million Series C round, led by Draper Esprit, accompanied by Cathay Innovation and with the support of Salesforce Ventures. The investment will enable the company to significantly accelerate operations across Europe and Asia, as demand for their mobile-first […]