Investments
194Portfolio Exits
2Funds
5About 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
Latest Linear Venture News
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.
Linear Venture Investments Activity
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 | |||||
5/6/2022 | Series D |
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 | ||
Amount | |||||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 2 | 3 |
Linear Venture Portfolio Exits
2 Portfolio Exits
Linear Venture has 2 portfolio exits. Their latest portfolio exit was Neat on December 08, 2021.
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 | ||||
11/5/2018 | Linear Venture III RMB | ||||
9/19/2016 | Linear Venture II | ||||
8/30/2014 | USD Fund |
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 | |||||
Status | |||||
Amount | $200M | ||||
Sources | 3 |
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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