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cygnusequity.com

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Investments

11

Portfolio Exits

2

Funds

1

About Cygnus Equity

Cygnus Equity is a boutique investment bank devoted to providing in-depth services to companies with high investment potential.

Cygnus Equity Headquarter Location

29th Floor, China Insurance Building No.166 Lujiazui East Road, Pudong New Area

Shanghai, Shanghai,

China

+86 021-68593552

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Cygnus Equity News

KEY STAT | Grocery app Dingdong Maicai completes mega funding round ahead of rumored IPO

May 12, 2021

Dingdong is likely in the process of arranging pre-listing equity allocation, says one industry investor. On-demand fresh food delivery provider Dingdong Maicai has raised USD 330 million in a Series D+ round led by the SoftBank Vision Fund, according to a WeChat post by investor and financial adviser Cygnus Equity on Wednesday. Together with the USD 700 million it collected in early April, Dingdong secured more than USD 1 billion over the past five weeks. “This funding will be used for expansions into new regions, investments into the supply chain and team-building,” Cygnus added. In February, Bloomberg reported that the platform is eyeing a public listing in the United States this year. With many long-time shareholders joining the Series D round, Dingdong is likely in the process of arranging pre-listing equity allocation , an industry investor told 36Kr. The Sequoia-backed unicorn runs nearly 1,000 warehouses in top-tier cities in China. Last year, the company registered gross merchandise volume of USD 2.2 billion. Dingdong’s sales performance, although robust, does not make it a frontrunner in China’s competitive online grocery sector, 36Kr observed.

Cygnus Equity Investments

11 Investments

Cygnus Equity has made 11 investments. Their latest investment was in Ambilight as part of their Series C on November 11, 2021.

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Cygnus Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/18/2021

Series C

Ambilight

Yes

10

8/19/2021

Series C

Simpcare

$46.19M

Yes

3

6/7/2021

Series C - II

The Little Bear

$399M

No

7

4/14/2021

Series B

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$99M

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10

4/6/2021

Series D

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$99M

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10

Date

11/18/2021

8/19/2021

6/7/2021

4/14/2021

4/6/2021

Round

Series C

Series C

Series C - II

Series B

Series D

Company

Ambilight

Simpcare

The Little Bear

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Amount

$46.19M

$399M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

10

3

7

10

10

Cygnus Equity Portfolio Exits

2 Portfolio Exits

Cygnus Equity has 2 portfolio exits. Their latest portfolio exit was Dingdong Maicai on June 29, 2021.

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

6/29/2021

IPO

$991

9

00/00/0000

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10

Date

6/29/2021

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

Acquirer

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Sources

9

10

Cygnus Equity Fund History

1 Fund History

Cygnus Equity has 1 fund, including Zhuhai Gaohu Xinren Equity Investment LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Zhuhai Gaohu Xinren Equity Investment LP

Diversified Private Equity

1

Closing Date

Fund

Zhuhai Gaohu Xinren Equity Investment LP

Fund Type

Diversified Private Equity

Status

Amount

Sources

1

Cygnus Equity Team

2 Team Members

Cygnus Equity has 2 team members, including current Founding Partner, Ming Jin.

Name

Work History

Title

Status

Ming Jin

Founding Partner

Current

Teddy Zheng

Managing Director

Current

Name

Ming Jin

Teddy Zheng

Work History

Title

Founding Partner

Managing Director

Status

Current

Current

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