The Venture City

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Born in Shanghai in 1973, Zhang and his parents immigrated to the US in 1987. He received his bachelor’s in Neurobiology from the University of California, San Francisco in 1995 and his master’s in Biotechnology and Business from Northwestern University in 1999. Zhang worked at Salomon Smith Barney and ABN AMRO Capital from 1999–2001. He then served as managing director and head of China operations at venture capital firm WI Harper Group from 2002–2008. Zhang has since served as founding managing partner at Matrix Partners China.

Axon Partners Group is an international investment, corporate development, alternative asset management and consulting firm. It was formed in 2012 as the result of bringing together two companies founded by Francisco Velázquez six years earlier: Axon Capital, a Spanish venture capital firm and SVP Advisors, a boutique consulting outfit that specialized in media and telecommunications. Axon Partners Group manages five funds across Southern Europe, Latin America and India and is in the midst of launching a multi-sectoral pan-European fund. 

Gerard Olivé is a serial entrepreneur based in Barcelona. He is currently the co-CEO and co-founder of Antai Venture Builder, in charge of a multimillion-euro advertising inventory. He graduated in Audiovisual Communications at Barcelona's Ramon Llull University. As an angel investor, Olivé made his first disclosed investment in 2016 when he participated in the pre-seed and subsequent seed funding rounds of Spanish femtech WOOM. He founded BeRepublic, a strategic consulting firm specializing in digital businesses in southern Europe and Latin America. In 2015, he co-founded BeAgency, an interactive marketing agency with offices in Barcelona and Madrid. He is also a co-founder and mentor of Connector Startup Accelerator. He has also co-founded startups like Wallapop, Glovo, CornerJob, Deliberry, Shoppiday, Shopery, BePretty, Mascoteros, Marmota, Havet, Prontopiso, Medox and Trendier.

Tenaya Capital was originally founded in 1995 as Lehman Brothers Venture Partners. In 2009, following Lehman's bankruptcy, Tenaya was spun off into an independent company, with HarbourVest Partners acquired their existing investments. Since then, Tenaya has invested in some major tech companies, including event ticketing company Eventbrite, early fashion e-commerce firm Zappos, and Uber competitor Lyft. They have so far made two investments into Indonesian companies: agritech e-commerce platform TaniHub, and “Uber-for-logistics” company Kargo Technologies. Tenaya typically invests in Series B and Series C rounds, although they have gone into Series A and later rounds as well. 

Verizon Ventures is the venture capital arm of Verizon Communications, the US's largest wireless provider, established in 2000. It invests from Series A to IPO. Verizon Ventures has made more than 100 investments to date and managed 20 exits, including healthcare diagnostics company NantHealth and P2P video content service Streamroot. Recent investments include holographic lighting technology company Light Field Lab's US$28m Series A round and AI-powered mass transportation technology company Optibus's US$40m Series B round.

Mayfield Fund is one of Silicon Valley's oldest venture capital firms. Founded by Wally Davis and Thomas J Davis Jr in 1969, the VC is based in Menlo Park, California.Current investments include CRISPR-focused companies like Mammoth Biosciences and biotech startup iLoF,l which is focused on creating a digital library of optical fingerprints for non-invasive patient screening, early diagnostics and personalized medical treatments.. With a total of $2.5bn assets under management, the firm focuses mainly on early-stage to growth-stage investments. The VC has also backed startups like Marketo, Lyft and SolarCity. Most of Mayfield’s exits took place during the 2008 financial crisis and through subsequent funds.In April 2020, amid the Covid-19 pandemic, Mayfield announced two new funds which raised $750m in total. Mayfield XVI will invest in early-stage companies, while Mayfield Select II will focus on growth-stage companies outside its portfolio. The company said last year that it has raised a similar size fund every four years and has invested in 30 companies per fund. It primarily leads Series A investments.

Founded and headed by Susan Choe in 2018, Katalyst Ventures is based in San Francisco with a debut fund of $34m raised in 2018. Choe is also a partner at another Zipline investor Visionnaire Ventures (VV) also based in Silicon Valley. Katalyst invests in seed and early-stage tech startups with human-centric solutions. About 45% of the VC funds are invested in startups with women as CEO or CTO.  By February 2020, the Kalatyst portfolio included 22 enterprises and three exits.The founder of Outspark was removed as CEO by the board of directors due to disagreements over the sale of Outspark. She had used her own money in 2006 to create Outspark, a data-driven publishing platform for game developers. Outspark was eventually sold to Axel Springer and Choe went left the company to join Taizo Son’s venture capital group. In 2013, VV was set up to support tech startups in the US. Choe had worked for Yahoo! and also was the COO of the public-listed holding company of South Korean search and media company NHN.

Founded in 2013 by Ramanan Raghavendran and John Kim, Amasia is a venture capital investment firm based in San Francisco and Singapore. The VC promotes environmental and sustainable innovations that help to reduce consumption, boost recycling and upcycling. Eco-investments include Finch, Treedots and Joro. Finch provides information about a product’s environmental impact to consumers while TreeDots connects grocery suppliers directly with businesses and households. Joro advises users on actionable steps to reduce their carbon footprints.Amasia primarily invests in startups from seed stage up to Series B, but it has also participated in later-stage investments. The VC also aims to encourage conventional offline businesses to go online and optimize supply chain activities. In October 2020, Amasia participated in a $100m Series E round raised by Dialpad, a remote working communication software firm. In September 2021, the VC took a stake in Indonesian fintech Xendit’s $150m Series C round. Tokopedia also joined the Amasia stable in 2016 when the e-commerce platform became Indonesia’s first tech unicorn after the $147m funding round.Other investments include Super, a social commerce platform that improves FMCG distribution to tier-2 and tier-3 cities in Indonesia, online education firm SkillShare and Rainforest Life that acquires and aggregates direct-to-consumer e-commerce brands.

New York-based VC firm Union Square Ventures (USV) was established in 2004 and has invested in more than 100 companies to date. It manages US$1.7bn in assets across nine funds. The most recent, totaling US$450m in commitments, was launched in 2019. USV invests across multiple sectors and all stages of investment. Its specific interest, however, is in businesses derived from academic theses. USV is a prolific investor: recent investments include blockchain-based gaming company Dapper Labs' US$11m Series A round and B2B loan marketplace C2FO's US$200m Series G round.

The venture capital arm of Cisco was established in 1993 in San Francisco and currently has a US$2bn active portfolio. Each year, it invests between US$200-300m from Series A rounds to later investment stages. Cisco Investments has more than 120 companies in its portfolio. It has managed multiple exits and acquisitions, most recently by purchasing customer analytics technology CloudCherry for an undisclosed sum in August 2019. Cisco Investment's recent portfolio investments include healthcare platform Luma Health's US$16m Series B round and big data cybersecurity startup Exabeam's US$75m Series E round.

Khosla Ventures is a Silicon Valley-based VC, founded in 2004 by Indian-born founder of tech pioneer Sun Microsystems Vinod Khosla. The company has no specific interest in terms of sector but heavily favors “large problems that are amenable to technology solutions” and invests in so-called high potential  'black swans´. Healthcare is a strong focus and its most recent investments include in the Portuguese home physiotherapy tech solution SWORD Health's 2021 $85m Series C and $25m Series B rounds besides its 2020 $17m Series A round which it led. Khosla has over $5bn under management and more than 70 staff, with investments in more than 700 startups, leading more than one-third. Other recent investments include in the July 2021 $75m Series C round of Indian personal health and fitness app HealthifyMe and, the same month, in the $12.5m Series A round of US commercial real estate app for tenants and property managers Jones. 

Aspex Management was founded in 2018 by Hermes Li Ho Kei who was previously the executive MD and Head of Asia Equities at Och-Ziff Capital Management, aka OZ Management. Prior to joining OZ in 2011 Li worked at Goldman, Sachs & Co in Hong Kong.The London School of Economics graduate is now the chief investment officer at Aspex. The Hong Kong firm focuses on equity investments in Pan-Asia, specializing in sectors with long-term market growth potential and companies undergoing structural changes.Aspex led the $64m funding round for South Korean fintech unicorn Toss in August 2019. The P2P money transfer service platform Toss is created by Viva Republica backed by PayPal. Other participants in the round included existing Toss investors Kleiner Perkins, Altos Ventures, Singapore's GIC, Sequoia Capital China, Goodwater Capital and Bessemer Venture Partners.In May 2020, Aspex also invested in another startup Market Kurly, a grocery-delivery service provider that became South Korea’s latest unicorn via the Series E funding round that secured $328m led by DST Global. In July, Aspex also joined the $900m Series C+ funding round of Xpeng Motors, Tesla’s EV rival in China.

Goat Capital is a venture capital fund was set up by video livestreamer Justin.tv and Twitch co-founder Justin Kan and Robin Chan, also an angel investor and entrepreneur. Chan met Kan while working at Verizon Wireless when Justin.tv was being launched. Both have since become private investors for over 10 years, with early investments including Twitter, Xiaomi, Bird, Uber and Square. Established in September 2020, the fund’s name was inspired by the goat because good startup founders need to be agile and resilient to survive and be successful, according to Kan.Kan was also an early investor of Indonesian payment gateway Xendit before Goat Capital joined Xendit’s $150m Series C round in September 2021. Goat Capital’s portfolio includes corporate credit card startup Kodo, Indian neobank Bueno Finance, carbon capture developers Holy Grail and web development tool Spore. The hybrid incubator and VC fund has already secured $25m and aims to raise a total of $40m to invest in diverse sectors like digital health, e-commerce, robotics, climate change and gaming entertainment. Funding per startup would range from $500,000 to $3m.

The European Investment Bank is a pan-European investor based in Luxembourg, and the only bank owned by European Union member states. Founded in 1958, the banks has invested in thousands of businesses and public and private infrastructure projects. It is the largest multilateral borrower and lender by volume and also now has an SME tech focus, with recipients needing to have sustainable business model and, usually, a European focus. In December 2020, the EIB launched a new €150m co-investment fund to support startups leveraging AI across Europe to address what it called “the multibillion-euro funding gap compared with the United States and China.” Its most recent investments include a €20m investment in the €32m Series C round of Portuguese international online print store 360imprimir (BIZAY) and its first spacetech investment, €20m in venture debt investment to Luxembourg-based Spire Global that is building a satellite constellation, both in December 2020.In 4Q 2020, it also invested €10m in Spanish industrial IoT startup Worldsensing, €15m in German identity verification platform IDnow and €15 in German sportstech platform KINEXON.

Startmate is an accelerator program for tech-enabled Australian and New Zealand start-ups. It also operates a seed fund backed by venture capitalists and established entrepreneurs. The organisation was established in 2011 by Niki Scevak, founder of Blackbird Ventures, and a team that included the founders of Australian enterprise software company Atlassian.  Since its inception in 2011, Startmate has invested in more than 150 startups with a combined valuation of more than A$1 billion. Startmate runs two accelerator cohorts a year, usually from January–April and July–October. This accelerator program is open to a wide range of entrepreneurs, from idea-stage groups and pre-Series A startups, to solo founders and complete teams. Companies participating in Startmate’s accelerator program each receive A$75,000 from Startmate’s community of mentors, in exchange for 7.5% equity. In 2019 Startmate launched a dedicated Climate Cohort, which runs parallel with the standard program and focuses on startups in cleantech and climate-tech. Startmate also runs a First Believers program twice a year, which trains future or aspiring angel investors from Australia and New Zealand by building their confidence and networks and refining their investment strategies. In addition, the organization runs a coaching and mentorship program and holds other networking programs, like a Founders’ Fellowship, Women Fellowship, and Student Fellowship, at various dates throughout the year.  

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