Cathay Innovation

Cathay Innovation is a prominent global multi-stage venture capital firm with a distinctive focus on investing in startups that aim to create a significant global impact. Headquartered in San Francisco, with a strong presence across Europe, Asia, and Africa, the firm leverages its unique ecosystem, which includes Cathay Capital's broader private equity and asset management activities. This global footprint enables Cathay Innovation to identify and support disruptive technologies and business models across diverse markets, fostering cross-border collaboration and market expansion for its portfolio companies.

The firm's investment strategy is characterized by its multi-stage approach, deploying capital from early-stage (Seed/Series A) through growth equity rounds (Series B, C, and beyond). Cathay Innovation targets sectors undergoing significant transformation, including artificial intelligence, enterprise software, fintech, digital health, consumer technology, and sustainability. A key differentiator is their ability to connect portfolio companies with a vast network of large corporate partners, facilitating strategic partnerships and commercial opportunities. This approach aims to accelerate the growth of their ventures beyond mere capital infusion.

Cathay Innovation has demonstrated substantial fundraising success, underscoring its capacity to back ambitious ventures. The firm currently manages over $2.5 billion in assets, reflecting its significant scale and commitment to the global innovation landscape. In 2022, Cathay Innovation successfully closed its third global fund, Cathay Innovation Fund III, at over $1 billion, further solidifying its position as a major player in the venture capital ecosystem. Their typical initial investment ranges from approximately $2 million for early-stage opportunities to around $20 million for leading more mature Series A or B rounds, with significant capacity for follow-on investments to support companies through multiple growth phases. This flexible investment approach allows them to be a long-term partner for entrepreneurs building category-defining companies worldwide.