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Venture Capital
FINANCE | Investment Firms & Funds
k2vc.com

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Investments

403

Portfolio Exits

15

Funds

5

Partners & Customers

1

About 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

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K2VC Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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K2VC Rank

Latest K2VC News

iBattery Cloud Secures Over 100M Yuan in Pre-A Round

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.

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K2VC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/16/2022

Seed VC

Startorus Fusion

Yes

2

6/14/2022

Series A

Zhuozhuhui

No

2

6/13/2022

Seed VC - II

Zhouyu Technology

Yes

2

6/9/2022

Seed VC

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$99M

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10

6/7/2022

Seed VC

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10

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

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Amount

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

2

2

10

10

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

$99M

1

5/7/2022

Merger

$99M

4

7/19/2021

Corporate Majority

$99M

1

5/7/2021

IPO

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$99M

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10

11/26/2020

Acquired

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$99M

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10

Date

6/27/2022

5/7/2022

7/19/2021

5/7/2021

11/26/2020

Exit

Acquired

Merger

Corporate Majority

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

4

1

10

10

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

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$99M

10

8/17/2016

K2VC Early Stage Fund

$99M

10

Xianfeng Qiyun

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10

Xianfeng Chengzhang

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10

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

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Status

Open

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Amount

$141.17M

$99M

$99M

Sources

2

10

10

10

10

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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