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 […]
Category: Press Releases
Cathay-Backed Momenta Becomes China’s First Autonomous Driving Unicorn
October 18, 2018 The autonomous driving company Momenta announced on October 18th that it has completed a new round of financing. The current round mainly comes from leading strategic investors, including Tencent, China Merchants Capital, Guoxin Investment, Oriza Holdings and CCB International. Historic investors such as Good Capital Group or NioCapital also contributed to this […]
Luxury brand Group Shopal completes Series B+ financing round of RMB 200 million
October 24, 2018 Shopal, a platform operating international luxury brands in China, has recently completed a Series B+ financing round of RMB 200 million led by fashion leader Youngor Group, with additional funds from Cathay Capital – which also invested in Shopal in October 2016. The Series B+ financing will support the continued rapid growth […]
Kayrros Secures $24M in Series B Funding to Expand Energy Market Penetration
September 18, 2018 New funding deepens the company’s crude oil market intelligence and expands its coverage across other energy markets that include petroleum products, natural gas, and power generation PARIS, 18 September 2018 – Kayrros, the leading advanced data analytics firm, today announced that it has raised €21 million ($24.4 million) in Series B funding led […]
Cathay Innovation invests in website and mini-program editor SXL
Cathay Innovation today announces it led the series A+ funding round of website and mini-program editor SXL, with participation from Cash Capital. As the first Chinese start up incubated by Y Combinator, SXL has launched a simple, intuitive and easy-to-use website and mini-program editor as well as other web products and services. Following this round […]
Official listing on Nasdaq of Cathay Innovation’s portfolio company Pinduoduo for a market value of USD 24b
On July 26, 2018, Pinduoduo rang the opening bell simultaneously in Shanghai and New York, and was officially listed on the Nasdaq stock exchange, with a share price of USD 19 and a market value of USD 24bn. For the first time in history, the Nasdaq sent the beating bell button to Shanghai to welcome […]
Alex Lazarow Joins Cathay Innovation as Director in San Francisco Office
SAN FRANCISCO, July 2, 2018 /PRNewswire/ — Cathay Innovation announced today that Alexandre Lazarow has joined as Director in the San Francisco office. Alex will add his expertise to support Cathay’s mission to build and scale startups across the world. “Cathay Innovation is a unique investment firm with an international outlook, an ecosystem of strategic partners, deeply engrained values and an incredible platform […]
Heetch raises $38 million to accelerate its expansion in France and French-speaking Africa
May 9, 2019 Heetch, the Paris-based high-growth ride-sharing platform, has raised $38m in a Series B funding round with Cathay Innovation and Total Ventures alongside the renewed participation from existing shareholders Idinvest Partners, Innov’Allianz, Alven, Felix Capital, and Via-ID. Building on its local roots in the French market, where it competes mainly with international players, Heetch […]
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 […]
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. […]