Predict your next investment

Other

See what CB Insights has to offer

Investments

4

About Fission Capital

Fission Capital Headquarter Location

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 Fission Capital News

Confirmed: Crypto Exchange Huobi Acquires Publicly Listed Firm on HK Stock Exchange

Sep 6, 2018

Crypto exchange Huobi has acquired controlling stake in Hong Kong exchange-listed Pantronics Holdings, together with blockchain services provider Fission Capital. 578 Total views News Cryptocurrency exchange Huobi has acquired controlling stock interest in Hong Kong-based Pantronics Holdings Ltd., according to an official announcement from the Hong Kong Stock Exchange (HKEx) dated August 29. As Cointelegraph reported August 28, HKEx-listed Pantronics, an electronic products manufacturing firm, had halted trading of its shares on the Main Board of exchange on August 22, citing a “possible offer to be made under Rule 26 of the Hong Kong Codes on Takeovers and Mergers.” Indications at the time suggested Huobi had acquired 73.73 percent of the firm. HKEx’s official announcement clarifies that Huobi, alongside blockchain services provider platform Fission Capital, acquired an overall stake of 71.67 percent in Pantronics — at a breakdown of 66.26 percent and 5.41 percent respectively. While Huobi’s acquisition had the apparent hallmarks of being a reverse takeover  — or reverse Initial Public Offering ( IPO ) — Sandy Peng, a partner at Fission Capital, told Cointelegraph in a statement that “for the time being this is a straight forward acquisition [...] as stated in the announcement Huobi intends to start new blockchain related businesses using this entity.” Peng added that: “Fission [has] years of experience in the HK Capital market. We participated in this acquisition alongside Huobi [and] believe Huobi’s rich experience in this sector, the institutional and regulated international platform this new vehicle creates will be the ideal launchpad for any international and institution related businesses that Huobi may decide to explore in the future.” Peng considered that the official HKex disclosure is “in a way an announcement from Huobi,” proposing that “the distinction is unimportant.” Huobi has however declined to comment on the disclosure in response to requests from Cointelegraph. While Peng has refuted the deal’s characterization as a reverse takeover, the route can be expedient for privately held firms, allowing them to circumvent the lengthy and complex process of going public through direct acquisition of a publicly-held entity. Upon completion of the deal, the buyer gains automatic inclusion on a stock exchange. Mike Novogratz is one high-profile example from the crypto space who opted for the route in order to secure a listing on Toronto’s TSX Venture Exchange for his crypto-focused merchant bank Galaxy Digital. Huobi is currently ranked 4th largest crypto exchange in the world by daily trade volumes, seeing around $833.7 million in trades over the 24 hours before press time.

Fission Capital Investments

4 Investments

Fission Capital has made 4 investments. Their latest investment was in Opolis as part of their Seed VC on May 5, 2021.

CBI Logo

Fission Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/5/2021

Seed VC

Opolis

$5M

Yes

AngelDAO, BadgerDAO, ColoraDAO, ConsenSys Mesh, CSP DAO, Gigafund, ID Theory, Lionschain Capital, MakerDao, MetaCartel, Metapurse, Metis, Mitchell Martin, Nodeseeds, Pickle Finance, Red Beard Ventures, Rockies Venture Club, Senary Ventures, and Undisclosed Investors

2

10/20/2020

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

7/26/2018

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

6/13/2018

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/5/2021

10/20/2020

7/26/2018

6/13/2018

Round

Seed VC

Seed VC

Seed VC

Seed VC

Company

Opolis

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$5M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

AngelDAO, BadgerDAO, ColoraDAO, ConsenSys Mesh, CSP DAO, Gigafund, ID Theory, Lionschain Capital, MakerDao, MetaCartel, Metapurse, Metis, Mitchell Martin, Nodeseeds, Pickle Finance, Red Beard Ventures, Rockies Venture Club, Senary Ventures, and Undisclosed Investors

Sources

2

10

10

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.