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Venture Capital
linear.vc

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Investments

194

Portfolio Exits

2

Funds

5

About Linear Venture

Linear Venture is an Applied-Data-Intelligence fund in China. It is a Shanghai-based early-stage venture focusing on tech-driven startups, founded by former JD (China's Amazon) and Tmall's (Alibaba's B2C brand) executive Michael Zhang and Facebook's founding employee Harry Wang. The firm has invested in over 30 startups in China, Silicon Valley, and Southeast Asia.

Linear Venture Headquarter Location

Shanghai, Shanghai,

China

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Latest Linear Venture News

e27 Secures $2.2 Million In Series A Round From TechTemple Group And Others

Jul 29, 2020

e27, a Singapore based media company, has raised $2.2 million in Series A round, led by TechTemple Group. The round also saw participation from Linear Venture, Convergence Ventures, Venturecraft and Spacemob. Douglas Khoo and Turochas Fuad also poured in money. With the new round of funding, the company is now looking to redevelop its tech-focused news website and events business. It drives digital entrepreneurship in the Southeast Asia region through its platform where it connects all from the ecosystem. ADVERTISEMENT Founded in 2007 by Mohan Belani and JitSiong Thaddeus Koh, the platform aims to empower entrepreneurs with the tools needed to build and grow their companies. It provides entrepreneurs with tools such as information, talent, customers, and a fundraising platform. Commenting on the newly raised funds, Mohan Belani said, We see a very very strong opportunity in working with the investors in China, because the Chinese ecosystem is far ahead of Southeast Asia‘s, and there are entrepreneurs and investors that have gone through the Southeast Asian path and built an amazing ecosystem. The funds will also help us to invest in our online platform, and to invest in amazing people that share our same mission and vision. And more importantly, through combining the Chinese and Southeast Asian ecosystems, learning from some of the best entrepreneurs and investors in the world, we strongly believe that we can contribute to the growth of Southeast Asia, and the building of the Southeast Asian tech ecosystem, which is what we have always wanted to do since the founding of this company. Last year, the company raised $650,000. After that, it went through a rough time and laid-off almost half of its team in restructuring move. The company is also looking for opportunities, partnerships, and ways to participate in the Indian tech ecosystem. The biggest rival to e27 is Tech In Asia, in terms of editorial and the events business. Tech In Asia has raised nearly $7 million to date, and has more than 70 staff working on its business.

Linear Venture Investments

194 Investments

Linear Venture has made 194 investments. Their latest investment was in ICAN Technology as part of their Series A - II on June 6, 2022.

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Linear Venture Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/23/2022

Series A - II

ICAN Technology

No

1

6/20/2022

Seed VC

Qiyihuo

Yes

2

6/7/2022

Seed VC

Mindverse

Yes

3

5/9/2022

Seed VC

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$99M

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10

5/6/2022

Series D

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$99M

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10

Date

6/23/2022

6/20/2022

6/7/2022

5/9/2022

5/6/2022

Round

Series A - II

Seed VC

Seed VC

Seed VC

Series D

Company

ICAN Technology

Qiyihuo

Mindverse

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Amount

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

2

3

10

10

Linear Venture Portfolio Exits

2 Portfolio Exits

Linear Venture has 2 portfolio exits. Their latest portfolio exit was Neat on December 08, 2021.

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

12/8/2021

Acquired

$99M

10

8/26/2020

Acquired

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$99M

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10

Date

12/8/2021

8/26/2020

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

10

10

Linear Venture Fund History

5 Fund Histories

Linear Venture has 5 funds, including Linear Venture IV USD.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/7/2020

Linear Venture IV USD

$200M

3

11/5/2018

Linear Venture III USD

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$99M

10

11/5/2018

Linear Venture III RMB

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$99M

10

9/19/2016

Linear Venture II

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$99M

10

8/30/2014

USD Fund

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10

Closing Date

5/7/2020

11/5/2018

11/5/2018

9/19/2016

8/30/2014

Fund

Linear Venture IV USD

Linear Venture III USD

Linear Venture III RMB

Linear Venture II

USD Fund

Fund Type

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Status

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Amount

$200M

$99M

$99M

$99M

Sources

3

10

10

10

10

Linear Venture Team

3 Team Members

Linear Venture has 3 team members, including current Founding Partner, Huai Wang.

Name

Work History

Title

Status

Huai Wang

Founding Partner

Current

Chuan Zhang

Founding Partner

Current

Can Zheng

Managing Director

Current

Name

Huai Wang

Chuan Zhang

Can Zheng

Work History

Title

Founding Partner

Founding Partner

Managing Director

Status

Current

Current

Current

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