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Venture Capital
plumventures.cn

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Investments

361

Portfolio Exits

14

Funds

8

About Plum Ventures

Plum Ventures is a China-based venture capital firm.

Plum Ventures Headquarter Location

Beijing, Beijing,

China

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Latest Plum Ventures News

Cross-border Service Provider OgCloud Secures Series A Funding

Jun 27, 2022

Your browser does not support theaudio element. Recently, OgCloud, a brand providing services for enterprises going abroad , closed its first round of financing worth tens of millions of yuan, which was jointly invested by Plum Ventures and Guangzhou Science City Venture Capital Co., Ltd. The funding would further strengthen the company’s product R&D for cross-border enterprise services, accelerate its layout of emerging cross-border markets such as Southeast Asia and South America, and expand its abilities into a diverse range of businesses in addition to the sectors they already cover, including e-commerce, gaming, and finance. OgCloud has built a leading position in technology resources for communication, cloud computing and rendering, virtual networking, middleware, big data and other fields. It has operations in more than 20 countries and regions around the world, and developed more than 10 cross-border offshore SaaS products. The company is able to provide standardized and full-process offshore solutions for global e-commerce, gaming, finance and other industries, and has helped more than 10,000 enterprises move into overseas markets. OgCloud founder Dai Yu spoke about the company’s achievements: “China has issued many policies in recent years to encourage Chinese enterprises to go global, and the OgCloud team always accompanies customers in their growth and reduces the cost of their operations. In return, OgCloud has achieved rapid growth in this wave, consistently growing over 50% annually.” Many leading companies in China, such as ByteDance, are accelerating the layout of interest e-commerce and live-streaming e-commerce globally. Furthermore, the international version of Kuaishou is now available in the South American market and other large market segments. Major cross-border e-commerce merchants are also following along in the field and OgCloud products are supporting their efforts. For example, “OgDesk Cross-border Workbench” is a workbench for operation teams for their daily business processes. With its safe, comprehensive and efficient SaaS-based product services, merchants can carry out backend operations, social media operations, in addition to private domain traffic creation anytime and anywhere without fearing the impact of the epidemic.

Plum Ventures Investments

361 Investments

Plum Ventures has made 361 investments. Their latest investment was in OgCloud as part of their Series A on June 6, 2022.

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Plum Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/27/2022

Series A

OgCloud

Yes

2

6/18/2022

Series B

BaiXiaoT

$25.4M

No

2

6/17/2022

Seed VC

Niushuangshuang

$1.48M

Yes

2

6/13/2022

Seed VC - II

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10

6/10/2022

Series A

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10

Date

6/27/2022

6/18/2022

6/17/2022

6/13/2022

6/10/2022

Round

Series A

Series B

Seed VC

Seed VC - II

Series A

Company

OgCloud

BaiXiaoT

Niushuangshuang

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Amount

$25.4M

$1.48M

New?

Yes

No

Yes

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Co-Investors

Sources

2

2

2

10

10

Plum Ventures Portfolio Exits

14 Portfolio Exits

Plum Ventures has 14 portfolio exits. Their latest portfolio exit was AIMACH Automation on June 13, 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

6/13/2022

IPO

$99M

Public

1

7/30/2020

IPO

$99M

Public

5

7/1/2020

Acquired

$99M

3

5/6/2020

Acquired

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$99M

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10

12/31/2019

IPO

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$99M

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10

Date

6/13/2022

7/30/2020

7/1/2020

5/6/2020

12/31/2019

Exit

IPO

IPO

Acquired

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

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Sources

1

5

3

10

10

Plum Ventures Fund History

8 Fund Histories

Plum Ventures has 8 funds, including Plum Ventures Domestic Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/12/2020

Plum Ventures Domestic Fund

$50M

1

7/15/2019

Plum Ventures V

$99M

10

3/31/2019

Plum Ventures Angel Fund V

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$99M

10

3/31/2018

Plum Ventures Selected Fund I

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$99M

10

5/23/2017

Ningbo Meishan Bonded Port Area Meihua Yangshi Investment Partnership LP

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$99M

10

Closing Date

3/12/2020

7/15/2019

3/31/2019

3/31/2018

5/23/2017

Fund

Plum Ventures Domestic Fund

Plum Ventures V

Plum Ventures Angel Fund V

Plum Ventures Selected Fund I

Ningbo Meishan Bonded Port Area Meihua Yangshi Investment Partnership LP

Fund Type

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Status

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Amount

$50M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Plum Ventures Team

1 Team Member

Plum Ventures has 1 team member, including current Founding Partner, Shichun Wu.

Name

Work History

Title

Status

Shichun Wu

Founding Partner

Current

Name

Shichun Wu

Work History

Title

Founding Partner

Status

Current

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