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Sovereign Wealth Fund
df.gov.tw

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Investments

8

Portfolio Exits

2

Funds

1

About National Development Fund (Taiwan)

The National Development Fund is a Taiwanese government fund that aims to speed up industrial innovation, to promote economic transformation and national development, and to help improve value-added, R&D capacity and branding of industries and enterprises in Taiwan. It mainly engages in venture capital investments, direct industrial investments, and business angel investments, as well as loan financing.

National Development Fund (Taiwan) Headquarter Location

No. 49, Guancian Rd., Jhongjheng District 7F

Taipei, 100,

Taiwan

+886-2-23890633

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Latest National Development Fund (Taiwan) News

Blockchain Security Company CoolBitX Raises $16.75M USD In In Series B Funding

Feb 26, 2020

Blockchain security company CoolBitX has raised $16.75 million in a Series B funding round led by Japan’s financial group SBI Holdings. The National Development Fund of Taiwan, Korean crypto exchange BitSonic, and Japanese financial group Monex also participated in the round. Founded in 2014, CoolBitX is a FinTech firm specializing in manufacturing secure, US-patented digital asset hardware and developing smart contract platforms. The goal of the company is to build the infrastructure necessary to close the gap between the mainstream market and crypto industry. CoolBitX will use the latest funding to expand its Sygna product line’s presence beyond the APAC region as the first-to-market FATF-compliant solution for virtual asset service providers (VASPs) around the world. According to the company, more than ten exchanges have signed Memorandums of Understandings (MOU) with CoolBitX, joining a consortium of VASPs to begin or consider implementing Sygna Bridge, a compliant, user friendly, and secure data exchange solution that allows VASPs to communicate regulation-ready information. “Sygna’s progress has been in line with the strides made in crypto KYC/AML in various Asian jurisdictions, especially Japan,” said CoolBitX CEO Michael Ou. “As such, CoolBitX will be establishing a Sygna entity in Japan this year as we are committed to having open dialogues with local stakeholders.” The funding will also be used to continue to innovate the company’s bluetooth enabled hardware wallet CoolWallet S with focus on top-of-the-line security, functionality, and usability. “As one of the early investors in CoolBitX, SBI Holdings is happy to see the breakthroughs made by the CooBitX team to drive cryptocurrency adoption forward,” said Yoshitaka Kitao, President and CEO of SBI Holdings. “As such, we are delighted to participate in our second tranche of investment in CoolBitX. The borderless nature of digital assets requires a solution that isn’t bound by geographical boundaries and we are proud to partner with CoolBitX on their journey to bring a secure and easy-to-implement system to the world.” Search for:

National Development Fund (Taiwan) Investments

8 Investments

National Development Fund (Taiwan) has made 8 investments. Their latest investment was in Alpha Camp as part of their Unattributed VC on March 3, 2021.

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National Development Fund (Taiwan) Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/11/2021

Unattributed VC

Alpha Camp

Yes

1

9/29/2020

Series C

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$99M

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10

8/26/2020

Corporate Minority

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10

7/29/2020

Seed VC

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10

3/2/2020

Series A

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$99M

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10

Date

3/11/2021

9/29/2020

8/26/2020

7/29/2020

3/2/2020

Round

Unattributed VC

Series C

Corporate Minority

Seed VC

Series A

Company

Alpha Camp

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Amount

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

National Development Fund (Taiwan) Portfolio Exits

2 Portfolio Exits

National Development Fund (Taiwan) has 2 portfolio exits. Their latest portfolio exit was Gogoro on April 04, 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

4/4/2022

Reverse Merger

$99M

7

1/21/2014

IPO

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$99M

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10

Date

4/4/2022

1/21/2014

Exit

Reverse Merger

IPO

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

7

10

National Development Fund (Taiwan) Fund History

1 Fund History

National Development Fund (Taiwan) has 1 fund, including Taiwan Silicon Valley Technology Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/4/2015

Taiwan Silicon Valley Technology Fund

$120M

1

Closing Date

6/4/2015

Fund

Taiwan Silicon Valley Technology Fund

Fund Type

Status

Amount

$120M

Sources

1

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