Predict your next investment

Private Equity
lingfengcap.com

See what CB Insights has to offer

Investments

37

Portfolio Exits

3

Funds

1

About Lingfeng Capital

Lingfeng Capital is a private equity firm focused on financial technology, consumer finance, big data, payments, and other technology companies.

Lingfeng Capital Headquarter Location

Beijing, Beijing, 100029,

China

+86 10 51961990

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Lingfeng Capital News

London based ABAKA Finalizes Second Tranche of its Series A Investment Round

Nov 13, 2021

ABAKA has announced the closing of a $5 million second tranche of its Series A round. The company’s investment round has reportedly been co-led by Lingfeng Capital and Thames Trust, along with contributions from new and existing investors. ABAKA ‘s management noted that the proceeds will be used to support its global expansion in Asian markets and ongoing development of its AI-enhanced “hyper-personalized” recommendation engine For international banking and insurance, artificial intelligence (AI) could potentially “deliver up to US$2.2 trillion of additional value each year, boosting revenues through increased personalization of services, lowering costs through efficiencies, and uncovering new and previously unrealized opportunities through the use of data, says McKinsey & Company (source “The executive AI playbook”, McKinsey.com),” the announcement noted. As mentioned in a release shared with Crowdfund Insider: “ABAKA, the London-based AI-recommendation engine and digital retirement solutions provider, will use the new funding to continue to scale and invest in research and development, including the application of Artificial Intelligence (AI) to deliver hyper-personalized digital customer experiences.” With its AI-engine that has now been trained on more than 10 million retail clients and policy holders, and which is used by organizations like HSBC Group / Prudential Asia, ABAKA has developed an innovative solution that “brings together a financial institution’s relevant customer data augmented with other sources of data for enhanced insights.” Based on collected data, the AI-engine “predicts what ‘Next Best Action’ or ‘Intelligent Nudge’ will resonate and activates a customer response,” the announcement explained while adding that it  “delivers it to the right people, at the right time and through the right channel using a digital engagement platform.” Fahd Rachidy, Founder and CEO at ABAKA, stated: “Having developed a unique expertise in the field of pensions, retirement and life insurance, where a personalized and digital customer experience is still rarely offered, we have now also helped our clients engage, retain and acquire customers across retail banking, wealth and non-life insurance through our AI-led digital solutions.” Rachidy added: “Today Big Tech giants, marketplaces and the new “Super Apps” are defining customer expectations’ for digital personalised experiences and capturing the product distribution channels: the Banking and Insurance industry need to build their own data and product ecosystems with AI-capabilities to survive. Our machine learning models, and digital solutions help our clients determine in (near) real time the best way to engage with each customer at scale, and capture value through increased customer scale, higher customer LTV and lower operating costs.” Ma Ning, Founding Partner at Lingfeng Capital, remarked: “We’re thrilled to support ABAKA in its expansion in the South East Asia and Greater China area and have been impressed by its leadership and incredible team of experts in AI and financial services. Having identified the fast growing demand for AI-powered customer engagement and hyper-personalization in the financial sector, we very much look forward to helping the company scale and to supporting its accelerating growth with both our investment, access to our extensive resources and to our large network of industry partners.” Steve Berg, Chairman of ABAKA, said: “I am delighted to have recently joined the Board of ABAKA Holdings Ltd as its Chairman, along with Simon Goldring representing the Thames Trust. ABAKA is now well placed, with the support of its investors and a strengthened Board, to capitalise on the passion and expertise of its people in not only delivering the growth in value to all its stakeholders, but in delivering real benefits to end clients served by ABAKA’s customers.” As mentioned in the release, ABAKA has developed an AI-powered digital platform that gives the financial services sector “the means to engage, retain and acquire customers.” With deep expertise and specialization in machine learning and hyper-personalization, ABAKA is a key provider of Artificial Financial Intelligence that “serves the needs of global financial institutions across retail banking, wealth management, retirement and insurance (life and non-life).” By bringing together advanced data analytics with behavioral science, the company assists financial institutions with offering “hyper-personalized” customer experiences and helps firms with building “a truly customer centric ecosystem across their range of products and services.” Founded in 2016 with head offices in the UK and additional location across the APAC region and Europe, ABAKA has “expanded with solutions now deployed across three continents.” Sponsored Links by DQ Promote

Lingfeng Capital Investments

37 Investments

Lingfeng Capital has made 37 investments. Their latest investment was in ApolloX as part of their Seed VC on June 6, 2022.

CBI Logo

Lingfeng Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/7/2022

Seed VC

ApolloX

Yes

2

11/13/2021

Series A - II

ABAKA

$5M

Yes

2

10/12/2021

Series A

LeapXpert

$14.1M

Yes

7

9/27/2021

Series A - II

Subscribe to see more

$99M

Subscribe to see more

10

9/16/2021

Series C

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/7/2022

11/13/2021

10/12/2021

9/27/2021

9/16/2021

Round

Seed VC

Series A - II

Series A

Series A - II

Series C

Company

ApolloX

ABAKA

LeapXpert

Subscribe to see more

Subscribe to see more

Amount

$5M

$14.1M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

2

7

10

10

Lingfeng Capital Portfolio Exits

3 Portfolio Exits

Lingfeng Capital has 3 portfolio exits. Their latest portfolio exit was FundAdminChain on March 15, 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

3/15/2022

Acq - Fin

$99M

1

6/29/2021

Corporate Majority

Subscribe to see more

$99M

Subscribe to see more

10

7/13/2018

IPO

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/15/2022

6/29/2021

7/13/2018

Exit

Acq - Fin

Corporate Majority

IPO

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

10

10

Lingfeng Capital Fund History

1 Fund History

Lingfeng Capital has 1 fund, including Lingfeng Capital Partners Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/29/2018

Lingfeng Capital Partners Fund I

$134.71M

1

Closing Date

11/29/2018

Fund

Lingfeng Capital Partners Fund I

Fund Type

Status

Amount

$134.71M

Sources

1

Lingfeng Capital Team

1 Team Member

Lingfeng Capital has 1 team member, including current Founding Partner, Ning Ma.

Name

Work History

Title

Status

Ning Ma

Gao Hua Securities, Goldman Sachs, and People‘s Bank of China

Founding Partner

Current

Name

Ning Ma

Work History

Gao Hua Securities, Goldman Sachs, and People‘s Bank of China

Title

Founding Partner

Status

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.