Cathay Innovation, a global venture capital firm, recently announced that it has raised $550 million for its second venture capital fund, exceeding its initial target of $500 million. This latest fund will be used to invest in early to growth-stage startups in sectors including healthcare, education, fintech, and digital transformation. 30m series cathay innovation 42mwilhelmtechcrunch.
The fundraising round was led by Cathay Capital and included participation from a number of institutional investors, family offices, and entrepreneurs from Europe, North America, and Asia. The successful round is a testament to Cathay Innovation’s impressive track record of investing in innovative startups and its ability to attract investors from around the world.
Cathay Innovation was founded in 2015 as a partnership between Cathay Capital, a global investment firm, and Groupe Danone, a multinational food company. The firm operates with a dual focus of investing in startups and helping them scale globally by leveraging Cathay Capital’s extensive network of contacts and resources. kajabi 550m global.
Since its inception, Cathay Innovation has invested in over 50 startups across the globe, including companies like Ledger, Mirakl, and Alan. Its first fund, which closed at $320 million in 2018, has already yielded several successful exits, including the IPO of SenseTime, a Chinese artificial intelligence company.
With the new fund, Cathay Innovation aims to continue its mission of investing in innovative startups that are transforming industries and creating sustainable value for society. The firm’s investment thesis is centered around four key areas: digital transformation, healthtech, industry 4.0, and consumer trends.
The digital transformation theme includes startups focused on areas such as artificial intelligence, big data, cloud computing, and cybersecurity. The healthtech theme covers companies that are developing innovative solutions to improve healthcare outcomes and reduce costs. The industry 4.0 theme includes startups that are using emerging technologies like robotics, automation, and the internet of things (IoT) to transform traditional industries. Finally, the consumer trends theme covers startups that are developing innovative products and services to meet changing consumer preferences and behaviors.
In addition to providing capital, Cathay Innovation also offers its portfolio companies a range of resources and support, including access to its global network of investors, strategic partners, and industry experts. This approach has proven successful in helping startups scale rapidly and achieve their growth objectives.
The success of Cathay Innovation’s fundraising round is a positive sign for the global venture capital industry, which has seen record levels of investment in recent years. The firm’s ability to attract a diverse range of investors from around the world is a testament to the strength of its investment thesis and its proven track record of success.
Overall, Cathay Innovation’s latest fundraising round represents a significant milestone for the firm and the startups it invests in. With its expanded pool of capital and global network of resources, the firm is well-positioned to continue its mission of supporting innovative startups that are transforming industries and creating sustainable value for society.