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Investments

23

Portfolio Exits

7

About IDG-Accel Capital

The IDG-Accel China Growth Fund is managed by IDG Technology Venture Investment LLC, (IDGVC), a general partnership which has been managing IDG's venture capital funds in China since 1992.IDG-Accel Capital is a $250 million growth fund to invest in fast-growing enterprises in information technology, healthcare, consumer technologies, and other emerging technologies in the People's Republic of China.

IDG-Accel Capital Headquarter Location

China

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Latest IDG-Accel Capital News

ShineOn Closes Series B, Total Funding Hits $51.5M

Apr 20, 2011

ShineOn Closes Series B, Total Funding Hits $51.5M April 20, 2011 Beijing-based ShineOn Holding Inc. has closed its Series B financing round, bringing the total raised by the company to $51.5 million. Mayfield Fund participated in the investment round along with GSR Ventures, Northern Light Ventures and IDG-Accel Capital. ShineOn produces LED products with low thermal resistance, and high brightness, designed for TVs, monitors, and notebooks. PRESS RELEASE ShineOn Holding Incorporation, a high-tech company focusing on packaging, chip and applications design for the high brightness LED market, today announced the successful closing of its Series B round of investment, bringing its total committed funding to date to $51.5 million. Mayfield Fund participated in the investment round along with GSR Ventures, Northern Light Ventures and IDG-Accel Capital. ShineOn was founded by industry veterans with many years of technical and management experience in major US optoelectronic companies. The company produces LED products with low thermal resistance, high brightness and excellent color uniformity to meet the requirements for LCD backlighting applications for various panel sizes, including TVs, monitors, and notebooks. The high brightness LED products also provide highly efficient and environment-friendly solutions for both indoor and outdoor illumination applications to serve the strong and growing market demand for energy saving and carbon emission reduction products. “We believe that the lighting industry is poised to follow the evolution of the IT industry over the last three decades, with giants that will be created at the chip, component, system and software layers,” said Navin Chaddha, Managing Director of the Mayfield Fund. “We are excited to invest in ShineOn to support its team’s mission to establish a leadership position in LED packaging within the multi-billion dollar LED value chain.” “ShineOn brings together the benefits of U.S. design expertise and Chinese manufacturing expertise, and has launched a series of high quality products. We have secured design wins with major LED backlighting and solid state lighting manufacturers and are now at the critical stage of ramp up and expansion of our production capacity,” said Dr. Frank Fan, President of ShineOn. “We are very pleased to have Mayfield Fund, one of the premier U.S. venture funds as an investor. This new round of funding not only gives us sufficient capital to support our strong growth, but also demonstrates confidence from world class investors in ShineOn’s technology and products.” About Mayfield Fund Mayfield Fund invests in relationships with entrepreneurs, institutions, and the community to transform bold ideas into industry-leading companies. With $2.7 billion under management, Mayfield invests primarily in early stage U.S. companies in the Enterprise, Consumer, Energytech, Semiconductor and Telecom sectors. The firm fosters global entrepreneurship by investing in India-based companies through its Mayfield India fund and in China-based companies with its partner GSR Ventures. Over its 42 year history, the firm has invested in more than 500 companies resulting in over 100 IPOs and more than 100 mergers or acquisitions. For more information about Mayfield Fund, visit our Web site (www.mayfield.com) or follow us on Facebook (http://www.facebook.com/mayfield) or Twitter (@mayfield). © 2015 Buyouts Insider / Argosy Group LLC

IDG-Accel Capital Investments

23 Investments

IDG-Accel Capital has made 23 investments. Their latest investment was in Accutar Biotech as part of their Series B on August 8, 2019.

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IDG-Accel Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/1/2019

Series B

Accutar Biotech

$28M

Yes

1

11/11/2016

Series B

Cassia Networks

$10.27M

Yes

6

6/9/2015

Series D

OriGene Technologies

$17.05M

No

1

5/19/2015

Series A - II

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$99M

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10

1/7/2015

Series C

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$99M

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10

Date

8/1/2019

11/11/2016

6/9/2015

5/19/2015

1/7/2015

Round

Series B

Series B

Series D

Series A - II

Series C

Company

Accutar Biotech

Cassia Networks

OriGene Technologies

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Amount

$28M

$10.27M

$17.05M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

6

1

10

10

IDG-Accel Capital Portfolio Exits

7 Portfolio Exits

IDG-Accel Capital has 7 portfolio exits. Their latest portfolio exit was Memsic on January 13, 2018.

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

1/13/2018

Acquired

$991

2

00/00/0000

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10

00/00/0000

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$991

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10

00/00/0000

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$991

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10

00/00/0000

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10

Date

1/13/2018

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

2

10

10

10

10

IDG-Accel Capital Acquisitions

2 Acquisitions

IDG-Accel Capital acquired 2 companies. Their latest acquisition was MESMIC on April 24, 2013.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

4/24/2013

Take Private

1

4/23/2013

Private Equity

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$991

$99M

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10

Date

4/24/2013

4/23/2013

Investment Stage

Private Equity

Companies

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Valuation

$991

Total Funding

$99M

Note

Take Private

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Sources

1

10

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