Ventech China Ltd. is a China-based venture capital company with a special focus on backing early ventures, particularly in the information technology, mobile technology, artificial intelligence, life sciences, e-commerce and digital economy services industries. Ventech China helps startups grow and manages US$350 million in funds. The company keeps an eye on investment opportunities with a focus on industry innovation. 

Brief History

Ventech Capital was founded in 2007 by Eric Huet. The company is based in Shanghai, China and operates as a subsidiary of Ventech Capital, which was founded in 1998 and continues to operate in Europe. The company’s vision was established as discovering disruptive innovation opportunities with the aim of helping startups grow. 

Geographically

Ventech China was launched in China as a subsidiary of Ventech Capital which was originally founded in France, and became one of the most well-known venture capital funds in Europe, managing four major funds. Ventech China’s head office is based in Shanghai and invests in several projects in China, South East Asia, and North America. In 2008 the company’s first investment in Russia was made. The company has since also established an operational base in Helsinki. 

Significant Investments

Along with mobile technology giant Xiaomi Ventures, Ventech China is a major shareholder of Pintec Technology, a Chinese digital platform that connects financial service companies with businesses. Ventech China has invested in two gay apps, Hornet Networks, a San Francisco-based gay social networking app, and Blued, a Beijing-based gay dating app. The first round of investment into Hornet was led by Ventech China and amounted to US$8 million. Another investment is in Supermonkey, a staffless, automated range of gyms owned and operated by Jiansheng Sports Fund.

Other major investments include:

• Secoo – A Chinese luxury products and services platform
• Jimubox – The top Chinese fintech marketplace providing intelligent financial advice to the latest generation of Chinese investors
• Inagora – A leading Japanese end-to-end e-commerce platform linking Japanese suppliers with Chinese customers
• Jumei – A Chinese digital cosmetic store focusing on makeup and skincare for women
• Keep – Personalised fitness training courses that can be taken and used anywhere
• Shenzhoufu – A high-tech company focused on bridging the gap between consumers and merchants when it comes to digital transactions
• Datawin – A big data-driven sales lead service supplier that acquires primary features of clients’ customers through APIs with the clients’ CRM system

Ventech China in the News

China Money Network reported in November 2016 that Ventech China led a venture round of close to US$10 million in the men’s fashion startup MagMode. As published by China Money Network in January 2017, Ventech China took part in series B round finding in Bingobox, a startup that develops convenience stores that are completely automated. Other investors alongside Ventech China are Prometheus Capital GGV Capital and Qiming Venture Partners. Also reported in China Money Network, Jiansheng Sports Fund received Series B round funding of US$7.6 million from Ventech China in December 2017.