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Dear Friends,

Today, we are thrilled to share that Cathay Capital has raised $1.4 billion to support entrepreneurs around the world following the final closing of the $850 million Midcap II fund and reaching a significant fundraising milestone of $550 million for our second venture capital fund.

Mingpo Cai, founder of Cathay Capital, has always found his own way to reinvent the businesses he is involved in. Founded in 2007, Cathay Capital now has over $3.8 billion under management and has evolved to help businesses of all sizes, from established companies to emerging startups. The Cathay Capital platform is now ready to thrive as a knowledge sharing platform, with the ability to draw insights from everywhere around the world and access deep vertical industry expertise, all while being at the forefront of the AI revolution. That knowledge allows the whole Cathay Capital platform to invest bolder and safer at the same time and to more efficiently support entrepreneurs.

As economies across the globe begin to reopen from the coronavirus lockdowns, the new world that emerges will look and operate very differently and needs more cooperation and innovation than ever before. Emerging startups have a big opportunity to revolutionize industries and create a new standard for businesses everywhere and w
e believe that our global platform approach to venture capital is exceptionally well suited to support this next wave of entrepreneurs. While we still have a long road to recovery ahead of us, we are excited for this next chapter and look forward to working with the next breakthrough startups positively impacting the world!

Below you'll find the latest updates and news around Cathay and Fund II. Wishing you all the best from your Cathay family.

Cathay Innovation
Cathay In The News
In an article titled, "Cathay Capital Raises $1.4 Billion in Private Investment Funds," Bloomberg reports: 
"Cathay Innovation, the firm’s venture team, got $550 million in new financing, $230 million more than its inaugural fund from 2017. The firm’s private equity group, meanwhile, raised a new $850 million fund."

"The venture team will be looking to invest across a variety of areas, including artificial intelligence, health care and online education."
Read the full story in Bloomberg
Cathay Innovation Updates

Vision and Philosophy of Fund II

Mingpo Cai, Chairman and Founder of Cathay Capital, and Denis Barrier, Co-founder and CEO of Cathay Innovation, in San Francisco.
Cathay Innovation was founded with the vision of making a real difference for mission-driven entrepreneurs out to drive change through technology – and that the best innovators can come from anywhere in the world. 

At the core of our VC playbook, we leverage the larger social evolutions at play by integrating a startup’s contribution towards sustainability, the global competitive landscape, and the insights of our Fortune 500 ecosystem. 

Through Fund II, one of three new funds recently recognized by the French Ministry of Economy and Finance for our commitment to technology companies, we’ll continue backing emerging companies at the center of digital revolution and out to make a positive impact on the world.

Read more about Fund II and Cathay's vision on Medium.
In an article titled, "Cathay Innovation raises $550M for its second global VC fund," TechCrunch reports:

"With the global economy still sorting itself out in the face of the pandemic, we’re hearing about fewer new venture capital funds these days. However, today is an exception, as Cathay Innovation has raised a $550 million second fund, which is about double the size of its first fund and, is larger than the firm’s 'original target.'"

"The firm has offices around the world, and tries to share information from one geo to another. The goal is to learn from one and apply that knowledge elsewhere in order to spot impending trends in, say, America, after watching, say, China. The hope is that this sort of information sharing allows it to make earlier, better bets."

Read the full story in TechCrunch.
In an article titled, "Cathay Innovation says positive impact investing will help world recover," Venture Capital Journal Reports: 

"In analyzing the firm's portfolio and looking at other venture investments, many of the most successful companies are also, in fact, the most socially impactful. Investments that have positive impact on society will help regions get through the crisis."

"The cross-border investor wraps up its second fund on target with €500m from strategic investors and opened a Singapore office this year."

Read the full story in Venture Capital Journal.

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