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Investments

160

Portfolio Exits

14

Funds

1

About Qianhai Fund of Funds

Qianhai Fund of Funds is a private equity fund of funds firm that backs Chinese venture capital funds, as well as making direct investments in deals.

Qianhai Fund of Funds Headquarter Location

Shenzhen Stock Exchange Plaza Building, 42nd Floor Futian District

Shenzhen, Guangdong,

China

+86 0755-82911336

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Latest Qianhai Fund of Funds News

China's 52Toys Wraps Up USD62 Million Series C Round to Make Better Collectibles China's 52Toys Wraps Up USD62 Million Series C ...

Sep 9, 2021

(Yicai Global) Sept. 9 -- Chinese toy retailer 52Toys has finished its CNY400 million (USD62 million) Series C round of funding, jointly led by Qianhai Fund of Funds and Guozhong Venture Capital Management. The maker of collectible toys will use the proceeds of the latest fundraiser to accelerate its product development and store positioning, financial advisor Taihecap said in a statement on WeChat today. Multiple institutional investors, including CICC Capital, also participated in the funding round. The Beijing-based startup, which was established in 2015, has 10 stores in the capital city, Shanghai, Hangzhou, Chengdu, and Shenzhen. The company intends to open 100 outlets, as well as place more than 1,000 vending machines in Chinese cities in the next 12 months. Some of the funds will be used to support talents and branding. 52Toys has nearly 400 staff members, and more than 80 of them are designers, said founder and Chief Executive Chen Wei. The firm's collectible toys, which include blind boxes and assembly kits, are inspired by television series, movies, games, history, tourism, and even food, according to Chen. China's toy sales are expected to expand to CNY76.3 billion (USD11.8 billion) by 2024 due to the changing preferences of a new generation of young consumers, according to consulting firm Frost & Sullivan. In 2019, the market's scale was CNY20.7 billion, more than tripled from 2015. Editor: Emmi Laine, Xiao Yi

Qianhai Fund of Funds Investments

160 Investments

Qianhai Fund of Funds has made 160 investments. Their latest investment was in Xiaoming as part of their Seed on November 11, 2021.

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Qianhai Fund of Funds Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/11/2021

Seed

Xiaoming

Yes

1

10/29/2021

Series A

Big Fish Vision Technology

Yes

2

10/20/2021

Seed VC - II

Clounix

$62.57M

Yes

7

10/18/2021

Series B

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$99M

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10

10/14/2021

Series A - II

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$99M

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10

Date

11/11/2021

10/29/2021

10/20/2021

10/18/2021

10/14/2021

Round

Seed

Series A

Seed VC - II

Series B

Series A - II

Company

Xiaoming

Big Fish Vision Technology

Clounix

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Amount

$62.57M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

7

10

10

Qianhai Fund of Funds Portfolio Exits

14 Portfolio Exits

Qianhai Fund of Funds has 14 portfolio exits. Their latest portfolio exit was Soudian on April 01, 2021.

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

4/1/2021

Merger

5

3/17/2021

Corporate Majority

3

9/25/2020

IPO - II

$991

2

00/00/0000

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$991

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10

00/00/0000

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$991

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10

Date

4/1/2021

3/17/2021

9/25/2020

00/00/0000

00/00/0000

Exit

Merger

Corporate Majority

IPO - II

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

5

3

2

10

10

Qianhai Fund of Funds Fund History

1 Fund History

Qianhai Fund of Funds has 1 fund, including Qianhai Equity Investment FOF.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/8/2016

Qianhai Equity Investment FOF

Fund Of Funds

$3,378.64M

1

Closing Date

1/8/2016

Fund

Qianhai Equity Investment FOF

Fund Type

Fund Of Funds

Status

Amount

$3,378.64M

Sources

1

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