
Investments
403Portfolio Exits
15Funds
5Partners & Customers
1About K2VC
K2VC is a venture capital firm founded by China Renaissance that focuses on early-stage investment in technology start-ups in China that work on promoting change and technological progress, innovative business models and lifestyles.
K2VC Headquarter Location
Building 1, Taikang Financial Tower East Third Ring Road 38, Chaoyang District
Beijing, Beijing,
China
K2VC Web Traffic
K2VC Rank
Latest K2VC News
Jun 9, 2022
iBattery Cloud has recently completed a pre-A round of financing totaling over 100 million yuan ($14.98 million), led by BlueRun Ventures and followed by Fosun Group and K2VC. The funds are to be used for the continuous construction of the firm’s production capacity and the expansion of its R&D team. Founded in 2012, iBattery Cloud is engaged in digital energy control systems, and its core technology is a distributed software-defined digital energy exchange system based on energy informatization technology. iBattery Cloud has a core team integrated with industry and research, consisting of experts in the fields of power electronics, battery management, energy storage, chip design and software development at home and abroad, and cooperates deeply with the Department of Electrical Engineering of Tsinghua University. The Chinese government has set official carbon peaking and carbon neutrality goals, which makes energy storage a new industry worth potentially trillions of dollars. However, safety and cost are still affecting the development of the industry to some extent. Batteries are an important asset in electrochemical energy storage systems. iBattery Cloud creates digital energy storage-based battery full life cycle management systems. It accepts and manages the differences between batteries, introduces the technological system of internet shielding terminal difference into the field of energy storage, builds a new paradigm of battery applications based on dynamic reconfigurable battery networks, and changes the traditional direct “hard” connection of batteries into a flexible connection of program control. iBattery Cloud precisely separates batteries suspected of failing by controlling the time each battery connects to the charge and discharge circuit, which fundamentally eliminates heat buildup and thermal runaway. The system can still operate normally after the suspected battery failure is isolated, which greatly improves the availability of the energy storage system and increases the economy of the energy storage system by more than 30%. The firm’s digital energy storage technology is applied to various scenarios such as large-scale energy storage on the power supply side, shared energy storage, and standby power of 5G base stations and data centers. iBattery Cloud conducts deep cooperation with leading enterprises such as China Huadian Corporation, China Three Gorges Corporation, China Mobile, and the State Grid Corporation of China, and has achieved technology landing in several demonstration projects.
K2VC Investments
403 Investments
K2VC has made 403 investments. Their latest investment was in Startorus Fusion as part of their Seed VC on June 6, 2022.
K2VC Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/16/2022 | Seed VC | Startorus Fusion | Yes | CAS Star, Hofon Capital, Innoangel Fund, Kunlun Fund, Legend Star, MSA Capital, Oriza Equity Investment, Sequoia Capital China, Shunwei Capital Partners, Telescope Investment, Undisclosed Investors, and UNITY VENTURES | 2 | |
6/14/2022 | Series A | Zhuozhuhui | No | 2 | ||
6/13/2022 | Seed VC - II | Zhouyu Technology | Yes | 2 | ||
6/9/2022 | Seed VC | |||||
6/7/2022 | Seed VC |
Date | 6/16/2022 | 6/14/2022 | 6/13/2022 | 6/9/2022 | 6/7/2022 |
---|---|---|---|---|---|
Round | Seed VC | Series A | Seed VC - II | Seed VC | Seed VC |
Company | Startorus Fusion | Zhuozhuhui | Zhouyu Technology | ||
Amount | |||||
New? | Yes | No | Yes | ||
Co-Investors | CAS Star, Hofon Capital, Innoangel Fund, Kunlun Fund, Legend Star, MSA Capital, Oriza Equity Investment, Sequoia Capital China, Shunwei Capital Partners, Telescope Investment, Undisclosed Investors, and UNITY VENTURES | ||||
Sources | 2 | 2 | 2 |
K2VC Portfolio Exits
15 Portfolio Exits
K2VC has 15 portfolio exits. Their latest portfolio exit was PoliQ on June 27, 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 |
---|---|---|---|---|---|
6/27/2022 | Acquired | 1 | |||
5/7/2022 | Merger | 4 | |||
7/19/2021 | Corporate Majority | 1 | |||
K2VC Fund History
5 Fund Histories
K2VC has 5 funds, including K2 Venture Partners.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
8/26/2019 | K2 Venture Partners | Multi-Stage Venture Capital | Open | $141.17M | 2 |
8/26/2019 | K2 Partners IV | ||||
8/17/2016 | K2VC Early Stage Fund | ||||
Xianfeng Qiyun | |||||
Xianfeng Chengzhang |
Closing Date | 8/26/2019 | 8/26/2019 | 8/17/2016 | ||
---|---|---|---|---|---|
Fund | K2 Venture Partners | K2 Partners IV | K2VC Early Stage Fund | Xianfeng Qiyun | Xianfeng Chengzhang |
Fund Type | Multi-Stage Venture Capital | ||||
Status | Open | ||||
Amount | $141.17M | ||||
Sources | 2 |
K2VC Partners & Customers
1 Partners and customers
K2VC has 1 strategic partners and customers. K2VC recently partnered with Next Capital on January 1, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
1/10/2019 | Partner | Australia | China Renaissance K2 Ventures breaks ties with spin-off outfit Next Capital As a result , China Renaissance K2 Ventures has declared that it will cease all collaborations with Next Capital and will withdraw its status as LP . | 1 |
Date | 1/10/2019 |
---|---|
Type | Partner |
Business Partner | |
Country | Australia |
News Snippet | China Renaissance K2 Ventures breaks ties with spin-off outfit Next Capital As a result , China Renaissance K2 Ventures has declared that it will cease all collaborations with Next Capital and will withdraw its status as LP . |
Sources | 1 |
K2VC Team
2 Team Members
K2VC has 2 team members, including current Founding Partner, Keyi Chen.
Name | Work History | Title | Status |
---|---|---|---|
Keyi Chen | Founding Partner | Current | |
Shiyu Wang | General Partner | Former |
Name | Keyi Chen | Shiyu Wang |
---|---|---|
Work History | ||
Title | Founding Partner | General Partner |
Status | Current | Former |
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