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Venture Capital
amebacapital.com

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Investments

96

Portfolio Exits

5

Funds

3

About Ameba Capital

Ameba Capital is a China-focused venture capital firm.

Ameba Capital Headquarters Location

Shanghai, Shanghai,

China

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Expert Collections containing Ameba Capital

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Find Ameba Capital in 1 Expert Collection, including Fitness Tech.

F

Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

Research containing Ameba Capital

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CB Insights Intelligence Analysts have mentioned Ameba Capital in 1 CB Insights research brief, most recently on Dec 9, 2021.

Latest Ameba Capital News

Micro-LED maker Porotech raises $20M

Feb 24, 2022

24 Feb 2022 University of Cambridge spin-out has created porous gallium nitride materials that can be tailored for red, green, or blue emitters. Porotech , a UK startup company developing a novel class of light-emitting devices based on porous gallium nitride (GaN) , has closed a series A round of venture funding worth $20 million. The cash will be used to accelerate mass production of micro-LEDs based on the firm’s “PoroGaN” compound semiconductor material, which are being aimed at applications in augmented and virtual reality (AR/VR) displays. While GaN-based materials have long been used to fabricate blue and ultraviolet emitters, PoroGaN can be engineered to emit at a much wider range of wavelengths including red and green - meaning that a single material system can be used to produce full-color microdisplays. RGB from InGaN Spun out from the University of Cambridge in 2020, Porotech’s approach is based around the research of co-founder and chief scientific officer Rachel Oliver, a professor at the Cambridge Centre for Gallium Nitride. Later that year the company revealed details of its first product, an indium gallium nitride (InGaN) epitaxial wafer featuring red micro-LEDs emitting in the 620-640 nm wavelength range. In June 2021 Porotech raised £3 million in seed funding, and it now offers epiwafers for green (530 nm) and blue (450 nm) micro-LEDs, all based on the InGaN system. “Until now, the requirement to mix multiple material systems has complicated the manufacture of full-colour micro-LED displays - making the final products prohibitively expensive for mass-market applications,” states the firm. “Porotech’s use of a single material system is a significant leap forward that opens the door to mass manufacturing of micro-LED displays.” CEO and co-founder Tongtong Zhu added: “Porotech’s progress during its seed phase has been absolutely staggering – both technically and commercially. “We have delivered the world’s first InGaN-based red micro-LEDs and displays, and have set up production of our first products - shipping to some of the biggest global names in display technology.” Zhu says that the new funding round, led by China’s Ameba Capital and with additional support from seed investor Speedinvest, will accelerate the development of PoroGaN products for deployment in AR/VR glasses. Ameba Capital partner Arthur Chen said: “Porotech is poised to transform the $140 billion global display market as it accelerates mass production of its revolutionary micro-LED products. “The fact that it already has industry leaders among its clients and partners is a testament to the game-changing potential of Porotech’s breakthrough.”

Ameba Capital Investments

96 Investments

Ameba Capital has made 96 investments. Their latest investment was in Shuying Planet as part of their Seed VC - II on June 6, 2022.

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Ameba Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/17/2022

Seed VC - II

Shuying Planet

Yes

1

5/23/2022

Seed VC

Zhushi Technology

Yes

4

4/21/2022

Series B - II

Jkstack

Yes

5

4/13/2022

Series B

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10

3/10/2022

Series A

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10

Date

6/17/2022

5/23/2022

4/21/2022

4/13/2022

3/10/2022

Round

Seed VC - II

Seed VC

Series B - II

Series B

Series A

Company

Shuying Planet

Zhushi Technology

Jkstack

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

4

5

10

10

Ameba Capital Portfolio Exits

5 Portfolio Exits

Ameba Capital has 5 portfolio exits. Their latest portfolio exit was X Target on December 17, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/17/2020

Acquired

$99M

1

3/29/2017

Reverse Merger

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$99M

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10

3/23/2016

IPO

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$99M

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10

8/1/2014

Acquired

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$99M

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10

10/24/2013

Acquired

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$99M

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10

Date

12/17/2020

3/29/2017

3/23/2016

8/1/2014

10/24/2013

Exit

Acquired

Reverse Merger

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Ameba Capital Fund History

3 Fund Histories

Ameba Capital has 3 funds, including Ameba Capital II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/19/2015

Ameba Capital II

Early-Stage Venture Capital

Closed

$157M

1

12/31/2011

A Mi Ba A Fund

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$99M

10

Ameba Capital China SaaS Investments

10

Closing Date

11/19/2015

12/31/2011

Fund

Ameba Capital II

A Mi Ba A Fund

Ameba Capital China SaaS Investments

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$157M

$99M

Sources

1

10

10

Ameba Capital Team

5 Team Members

Ameba Capital has 5 team members, including current Managing Partner, Andrew Teoh.

Name

Work History

Title

Status

Zhiguo Li

Founder

Current

Donghui Wang

Founder

Current

Hong Zhao

Founder

Current

Andrew Teoh

Managing Partner

Current

Teresa Tang

Investment Partner

Current

Name

Zhiguo Li

Donghui Wang

Hong Zhao

Andrew Teoh

Teresa Tang

Work History

Title

Founder

Founder

Founder

Managing Partner

Investment Partner

Status

Current

Current

Current

Current

Current

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