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Private Equity
passion-capital.com

Investments

9

Portfolio Exits

6

Funds

4

About Passion Capital

Passion Capital is a China-based private equity firm that manages M&A funds.

Headquarters Location

Room 80q, 34 Yanan East Rd. Huangpu District

Shanghai, Shanghai,

China

+86 021 63332739

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Latest Passion Capital News

ChAI raises seed round funding to expand into AI insurance services

Oct 19, 2022

ChAI, a London-based startup that uses artificial intelligence (AI) and machine learning to predict commodity prices, has secured a seed round to help expand its industry-leading services into new markets, including raw-material businesses and key supply chain providers. The investment round was led by the space-focused venture capital fund Seraphim Space with participation from Insurtech Gateway, Passion Capital, Primo Space Fund, 2050Cap and Portfolio Ventures Investment in risk insurance products The funding will enable them to invest in developing commodity risk insurance products that will enable smaller companies that are underserved by existing risk transfer solutions, such as options or futures markets, to transfer commodity price risks and derivatives. It will also enable larger companies and material providers to transfer financial risk for a variety of raw materials, including plastic and steel. ChAI employs unique data sets, such as satellite imagery and maritime transport data, to provide unprecedented visibility and confidence in price fluctuations and movements of the world’s key raw materials, such as oil, aluminium, copper, and others . Founded by Marcus Dixon, Michael Button, Silvi Wompa, Stephen Butler, Tristan Fletcher in 2019, ChAI is democratising tools, techniques, and data while combining cutting-edge AI techniques with new alternative data sources to eliminate risk in physical supply chains. This helps businesses better mitigate shocks to their cash flows and profit and loss statements, allowing them to plan for the future and be more resilient. Agreement Last month, the company announced a significant data-licensing agreement with S&P Global Commodity InsightsTM, the independent provider of commodities and energy market information, analysis, events, and benchmark prices. The agreement allows ChAI to provide new customers, supply-chain providers, and investors with real-time commodity price forecasts based on Platts price assessments. Richard Chattock, CEO at Insurtech Gateway said: “Welcome to Insurtech Gateway ChAI. Industrial supply chains face increasing price volatility in commodities with the majority unable to access hedging tools. ChAI solves this problem through a smart price protection solution backed by insurance. We are delighted to help you prove out and scale this model. We were really impressed by ChAI’s deep data insights into market and pricing dynamics.” Andre Ronsoehr, Investment Director at Seraphim Space, said: “Chai is already empowering businesses across some of the largest and most important industries globally by allowing them to better manage their commodity price exposure. Now, ChAI’s upcoming insurance product has the potential to become an absolute game changer for these businesses. We are very happy to support the founders and team at ChAI and look forward to an exciting journey.”

Passion Capital Investments

9 Investments

Passion Capital has made 9 investments. Their latest investment was in Laplace Energy as part of their Series B on September 9, 2021.

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Passion Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/13/2021

Series B

Laplace Energy

Yes

1

9/24/2020

Series B

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10

7/2/2020

Series F

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$99M

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10

3/26/2020

Private Equity

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10

6/18/2019

Series A

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10

Date

9/13/2021

9/24/2020

7/2/2020

3/26/2020

6/18/2019

Round

Series B

Series B

Series F

Private Equity

Series A

Company

Laplace Energy

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Passion Capital Portfolio Exits

6 Portfolio Exits

Passion Capital has 6 portfolio exits. Their latest portfolio exit was Fusion New Material on December 09, 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

12/9/2022

IPO

$99M

Public

3

3/14/2022

IPO

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$99M

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10

9/21/2020

IPO

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$99M

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10

8/17/2020

IPO

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$99M

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10

5/9/2018

IPO

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$99M

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10

Date

12/9/2022

3/14/2022

9/21/2020

8/17/2020

5/9/2018

Exit

IPO

IPO

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

3

10

10

10

10

Passion Capital Fund History

4 Fund Histories

Passion Capital has 4 funds, including Mingfa Feijun Acquisition Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/25/2015

Mingfa Feijun Acquisition Fund

Buyouts & Acquisitions

Open

$3.23M

1

Shanghai Feijun Yisheng Investment Management Fund

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10

Guangzhou Huangpu Feijun Industrial Investment Fund

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10

Jiaxing Yongyan Equity Investment Fund

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10

Closing Date

4/25/2015

Fund

Mingfa Feijun Acquisition Fund

Shanghai Feijun Yisheng Investment Management Fund

Guangzhou Huangpu Feijun Industrial Investment Fund

Jiaxing Yongyan Equity Investment Fund

Fund Type

Buyouts & Acquisitions

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Status

Open

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Amount

$3.23M

Sources

1

10

10

10

Passion Capital Team

1 Team Member

Passion Capital has 1 team member, including current Founding Partner, Hongbin Huang.

Name

Work History

Title

Status

Hongbin Huang

Founding Partner

Current

Name

Hongbin Huang

Work History

Title

Founding Partner

Status

Current

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