
Investments
83Portfolio Exits
3Funds
1About Glory Ventures
Glory Ventures is dedicated to creating VC ecosystem by investing in early/growth stage startups, and integrating industrial resources. Glory Ventures has businesses in Venture Capital and Glory Tour, supported from Banyan Capital and several listed companies.
Glory Ventures Headquarter Location
Unit 822A, Le Square 721 Lingshi Road
Shanghai, Shanghai,
China
Glory Ventures Web Traffic
Glory Ventures Rank
Latest Glory Ventures News
Jun 23, 2022
has recently invested hundreds of millions of yuan in a new round of financing for Jaguar Micro, a data processing unit (DPU) startup. Other investors include Temasek, Shenzhen Capital Group Co., Ltd., Yicun Capital (an investment platform under Huaxi Holding), CMBC Capital (a listed financial holding platform of China Minsheng Bank), and Glory Ventures. Jaguar Micro has a post-investment valuation of about 9 billion yuan ($1.34 billion). ‘s third investment in the DPU firm, which has been established for less than two years. Tencent currently holds 26.31% of shares in Jaguar Micro and is its largest external shareholder. Tencent holds no more than 20% of the shares in the invested enterprises. Jaguar Micro was founded in late 2020 by experienced entrepreneur Sunny Siu, former Managing Director of Greater China for Broadcom’s Processors and Wireless Infrastructure Business Unit. In 2002, he founded RMI in the Silicon Valley, whose chips were applied to network communication equipment such as routers and base stations. In 2009, RMI was acquired by NetLogic, a US-listed company, and two years later, NetLogic was acquired by Broadcom for $3.7 billion. Siu then joined Broadcom and established Jaguar in 2020. The core members of Jaguar hail from previous stints at Broadcom, Intel, HiSilicon and Arm, and the team currently has nearly 400 people. Jaguar’s first DPU system-on-a-chip (SoC) is under development and is scheduled for mass production next year. Since 2020, China has seen the birth of a number of DPU companies, such as Jaguar Micro, Yunmai Xinlian, Smart & Connection, Dayu DPU and YUSUR, while some previously established companies, such as Corigine, have turned to the DPU field in the past two years.
Glory Ventures Investments
83 Investments
Glory Ventures has made 83 investments. Their latest investment was in Netswift as part of their Series B - II on July 7, 2022.
Glory Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/8/2022 | Series B - II | Netswift | Yes | 1 | ||
7/7/2022 | Series B | Flagchip as Flagship | No | 1 | ||
7/6/2022 | Seed VC | PI Semiconductor | Yes | 1 | ||
6/23/2022 | Series B | |||||
6/20/2022 | Series A |
Date | 7/8/2022 | 7/7/2022 | 7/6/2022 | 6/23/2022 | 6/20/2022 |
---|---|---|---|---|---|
Round | Series B - II | Series B | Seed VC | Series B | Series A |
Company | Netswift | Flagchip as Flagship | PI Semiconductor | ||
Amount | |||||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
Glory Ventures Portfolio Exits
3 Portfolio Exits
Glory Ventures has 3 portfolio exits. Their latest portfolio exit was Jingwei Hirain on April 19, 2022.
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 |
---|---|---|---|---|---|
4/19/2022 | IPO | Public | 1 | ||
Date | 4/19/2022 | ||
---|---|---|---|
Exit | IPO | ||
Companies | |||
Valuation | |||
Acquirer | Public | ||
Sources | 1 |
Glory Ventures Fund History
1 Fund History
Glory Ventures has 1 fund, including China Venture Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
5/28/2021 | China Venture Fund | $120M | 1 |
Closing Date | 5/28/2021 |
---|---|
Fund | China Venture Fund |
Fund Type | |
Status | |
Amount | $120M |
Sources | 1 |
Glory Ventures Team
3 Team Members
Glory Ventures has 3 team members, including current Chief Operating Officer, Xiaosu Xiong.
Name | Work History | Title | Status |
---|---|---|---|
Xiaosu Xiong | Chief Operating Officer | Current | |
Zongyi Bai | Founding Partner | Current | |
Guang Yang | Founding Partner | Former |
Name | Xiaosu Xiong | Zongyi Bai | Guang Yang |
---|---|---|---|
Work History | |||
Title | Chief Operating Officer | Founding Partner | Founding Partner |
Status | Current | Current | Former |
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