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5Y Capital company logo
Venture Capital
5ycap.com

Investments

524

Portfolio Exits

46

Funds

13

Service Providers

1

About 5Y Capital

5Y Capital is a venture capital firm that manages capital from sovereign funds, family funds, parent funds, and university foundations.

Headquarters Location

Room 1206-1207, Building F, Phoenix City A5 Shuguang Xili, Chaoyang District

Beijing, Beijing, 100028,

China

+86 10 57623688

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Research containing 5Y Capital

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned 5Y Capital in 1 CB Insights research brief, most recently on Jun 27, 2023.

Latest 5Y Capital News

Jizhao Energy Storage Has Completed Series Angel Funding, Expanding the R&D Capability

Dec 6, 2023

Author: Muriel Meng Editor: Di Chen Yesterday 06:20 PM (GMT+8)    Liquid metal battery has many practical advantages and is likely to be the future trend. Wuhan Jizhao Energy Storage Technology Co., Ltd. (Chinese: 武汉吉兆储能科技有限公司), a manufacturer of liquid metal battery energy storage, announced today that it has completed angel round financing, which is exclusively invested by 5Y Capital (Chinese: 五源资本). The funds are planned to be used for product research and development, team expansion and the construction of pilot production line. Founded in May 2023, Jizhao Energy Storage is the first supplier of liquid metal battery energy storage system in China. Relying on the National Key Laboratory of Strong Electromagnetic Technology of Huazhong University of Science and Technology, Jizhao Energy Storage has constructed a complete assembly and testing platform for liquid metal batteries, and is building the first pilot production line for liquid metal batteries in China. Liquid metal battery is a new type of battery with electrodes and electrolyte running in liquid state, using liquid metal and inorganic molten salt as electrodes and electrolyte respectively, which has the advantages of low cost of energy storage, long cycle life, high safety and simple recycling. According to Jizhao energy storage calculations, liquid metal battery energy storage material cost is low, the production process is short, LCOE (levelised cost of electricity) can be achieved less than CNY 0.1 per kilowatt-hour. Compared with the current mainstream lithium iron phosphate battery energy storage and all-vanadium liquid current battery energy storage have significant advantages. Currently, Jizhao's energy storage team has completed the design and development of liquid metal batteries ranging from 50Ah to 600Ah class, and has laid out different sizes of 200Ah class, 500Ah class and 1000Ah class cell products, and is developing a new generation of high-capacity cells. The company has also reserved a number of liquid metal energy storage demonstration projects for central enterprises, such as the Southern Power Grid, and is prepared for delivery when production capacity is complete next year or later. As for the team, Kai Jiang, the chief scientist of Jizhao Energy Storage, used to work at MIT and is one of the key inventors of liquid metal battery technology. He returned to China at the end of 2011 to take the lead in liquid metal battery technology research in Huazhong University of Science and Technology, has a deep accumulation in the field of liquid metal battery, has presided over the national major special projects as the chief scientist. CEO Teng Xin studied under the electrochemical energy storage titan academician Yang Yusheng, Wu Feng academician, served as the vice president of the BAK Battery Group, and has nearly 20 years of rich experience in the work of battery entity enterprises. CEO Teng Xin illustrated that with the continuous iterative optimisation of the battery material system, the synergy of the upstream and downstream industry chain and the expansion of application scenarios, it is believed that the large-scale industrialisation of liquid metal batteries is not far away. " Jizhao Energy Storage aspires to be the leader in the industrialisation of technology in the field of liquid metal batteries and the navigator of medium- and long-term energy storage. The mission of Jizhao Energy Storage is to make green power everywhere, and in the next step, Jizhao will continue to plough into R&D innovation and supply chain synergy, accelerate the scale application of liquid metal battery technology, and contribute to the development of China's energy storage business and technological progress." According to Xu Xiaoyu, the investor of 5Y Capital, expressed that, "Liquid metal battery is a brand new electrochemical energy storage technology with advantages of long cycle life, simple structure, convenient manufacturing, high safety and low cost, which will have a very broad application prospect in medium and long term energy storage. As the first enterprise to carry out the industrialisation of liquid metal batteries in China, Jizhao has excellent R&D and engineering experience. We continue to be optimistic about the team's execution ability and strategic vision, and hope that Jizhao will complete the large-scale production as soon as possible and become an industry leader in new energy storage systems. " Selected reports

5Y Capital Investments

524 Investments

5Y Capital has made 524 investments. Their latest investment was in Xinchen Xin Cailiao as part of their Series B on January 08, 2024.

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5Y Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/8/2024

Series B

Xinchen Xin Cailiao

Yes

2

12/4/2023

Seed VC

Jizhao Chuneng

Yes

2

10/19/2023

Series B - II

Angitia

$46M

No

6

8/29/2023

Series A

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$99M

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10

8/27/2023

Series E

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10

Date

1/8/2024

12/4/2023

10/19/2023

8/29/2023

8/27/2023

Round

Series B

Seed VC

Series B - II

Series A

Series E

Company

Xinchen Xin Cailiao

Jizhao Chuneng

Angitia

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Amount

$46M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

2

2

6

10

10

5Y Capital Portfolio Exits

46 Portfolio Exits

5Y Capital has 46 portfolio exits. Their latest portfolio exit was Keep on July 12, 2023.

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

7/12/2023

IPO

$99M

Public

2

12/23/2022

IPO

$99M

Public

1

3/9/2022

Spinoff / Spinout

$99M

1

1/7/2022

IPO

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$99M

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10

12/30/2021

IPO

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$99M

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10

Date

7/12/2023

12/23/2022

3/9/2022

1/7/2022

12/30/2021

Exit

IPO

IPO

Spinoff / Spinout

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

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Sources

2

1

1

10

10

5Y Capital Acquisitions

1 Acquisition

5Y Capital acquired 1 company. Their latest acquisition was Southland Log Homes on October 31, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/31/2012

$99M

Leveraged Buyout - II

1

Date

10/31/2012

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Leveraged Buyout - II

Sources

1

5Y Capital Fund History

13 Fund Histories

5Y Capital has 13 funds, including 美元和人民币双币基金 (Dual-Currency Funds).

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/12/2021

美元和人民币双币基金 (Dual-Currency Funds)

$2,000M

1

10/12/2018

Morningside USD Technology Fund

Early-Stage Venture Capital

Closed

$1,000M

1

9/25/2018

Evolution Special Opportunity Fund I

$197.76M

1

9/25/2018

Evolution Fund I

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$99M

10

3/30/2017

Morningside RMB Fund I

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$99M

10

Closing Date

4/12/2021

10/12/2018

9/25/2018

9/25/2018

3/30/2017

Fund

美元和人民币双币基金 (Dual-Currency Funds)

Morningside USD Technology Fund

Evolution Special Opportunity Fund I

Evolution Fund I

Morningside RMB Fund I

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$2,000M

$1,000M

$197.76M

$99M

$99M

Sources

1

1

1

10

10

5Y Capital Service Providers

1 Service Provider

5Y Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

5Y Capital Team

7 Team Members

5Y Capital has 7 team members, including , .

Name

Work History

Title

Status

Ken Shi

Forbes, and Morningside Ventures

Founder

Current

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Name

Ken Shi

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Work History

Forbes, and Morningside Ventures

Title

Founder

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Status

Current

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