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Venture Capital
FINANCE | Investment Firms & Funds
glory-ventures.com

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Investments

83

Portfolio Exits

3

Funds

1

About 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

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Glory Ventures Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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Glory Ventures Rank

Latest Glory Ventures News

Tencent Invests in DPU Company Jaguar Micro

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.

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Glory Ventures Investments Activity

investments chart

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

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10

6/20/2022

Series A

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10

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

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Amount

New?

Yes

No

Yes

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Co-Investors

Sources

1

1

1

10

10

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

$99M

Public

1

4/5/2021

Reverse Merger

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$99M

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10

4/15/2020

Acquired

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$99M

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10

Date

4/19/2022

4/5/2021

4/15/2020

Exit

IPO

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

Public

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Sources

1

10

10

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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