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FINANCE | Investment Firms & Funds
shanda.com

Investments

64

Portfolio Exits

7

Funds

2

Partners & Customers

2

Service Providers

1

About Shanda Group

Shanda Group is a private investment group, which seeks global opportunities that offer business growth or unique breakthrough potential. The company was founded in 1999 and is currently headquartered in Singapore with offices in Shanghai, Beijing, Hong Kong, Canada, Japan and the US.

Headquarters Location

391B Orchard Road #16-05 Ngee Ann City Tower B

238874,

Singapore

+65 6361 0060

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Latest Shanda Group News

Tianqiao & Chrissy Chen Institute to Spend USD138 Million to Apply AI to Brain Science Research

Jul 7, 2023

(Yicai Global) July 7 -- The Tianqiao and Chrissy Chen Institute, a non-profit organization founded by global investment firm Shanda Group’s Chairman Chen Tianqiao and his wife Chrissy Luo, plans to invest CNY1 billion (USD138 million) to support the application of artificial intelligence in brain science research. The TCCI will set up an AI brain science laboratory, MindX, with a startup capital of USD100 million and frontier labs for specific application scenarios, including ‘AI + sleep’ and ‘AI + anti-aging,’ with a startup capital of CNY50 (USD6.9 billion) each, Gerwin Schalk, director of the Chen Frontier Lab for Applied Neurotechnology, said at the World Artificial Intelligence Conference in Shanghai yesterday. MindX will recruit two directors specialized in neuroscience and AI to lead the development of AI through deep research on features of the human brain, including learning, memory, cognition, and emotion, and use AI to unravel the mysteries of the brain. The TCCI will continue to invest further in the labs, Yicai Global learned from the NPO. Founded in 2016, the TCCI funds brain science research projects, including mental health, sleep, and neurodegenerative diseases. In the same year, Chen announced a USD1 billion donation to the California Institute of Technology for brain science research. The TCCI also joined the generative AI frenzy and said in March it would recruit AI talents from around the world, especially algorithm engineers with experience in large language models and natural language processing. NeuroXess, a brain-computer interface research and development company founded by the TCCI, released several first-step research findings at the ongoing WAIC. The Shanghai-based startup successfully implanted brain-computer interfaces on a two-year-old Labrador and a seven-year-old rhesus monkey. Editors: Dou Shicong, Futura Costaglione Follow Yicai Global on RELATED

Shanda Group Investments

64 Investments

Shanda Group has made 64 investments. Their latest investment was in DigiFT as part of their Seed VC on February 2, 2023.

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Shanda Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/28/2023

Seed VC

DigiFT

$10.5M

Yes

1

10/25/2022

Series A - II

WhizAI

Yes

2

11/1/2021

Seed VC - V

Ombre

$3M

Yes

7

5/28/2021

Series B

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$99M

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10

4/28/2021

Seed VC

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10

Date

2/28/2023

10/25/2022

11/1/2021

5/28/2021

4/28/2021

Round

Seed VC

Series A - II

Seed VC - V

Series B

Seed VC

Company

DigiFT

WhizAI

Ombre

Subscribe to see more

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Amount

$10.5M

$3M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

7

10

10

Shanda Group Portfolio Exits

7 Portfolio Exits

Shanda Group has 7 portfolio exits. Their latest portfolio exit was Meiwei Buyongdeng on January 19, 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

1/19/2021

Acquired

$99M

4

2/18/2020

Acquired

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$99M

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10

11/15/2018

IPO

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$99M

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10

8/12/2015

Acquired

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$99M

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10

7/12/2015

Acquired

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$99M

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0

Date

1/19/2021

2/18/2020

11/15/2018

8/12/2015

7/12/2015

Exit

Acquired

Acquired

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

10

10

10

0

Shanda Group Fund History

2 Fund Histories

Shanda Group has 2 funds, including Shanda Capital Cultural Industrial Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Shanda Capital Cultural Industrial Fund

Expansions & Growth

Open

1

Shanda Capital Game Fund

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10

Closing Date

Fund

Shanda Capital Cultural Industrial Fund

Shanda Capital Game Fund

Fund Type

Expansions & Growth

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Status

Open

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Amount

Sources

1

10

Shanda Group Partners & Customers

2 Partners and customers

Shanda Group has 2 strategic partners and customers. Shanda Group recently partnered with Propel(x) on August 8, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

8/28/2018

Vendor

United States

Shanda Chooses Propel(x) to Channel Capital to Deep Tech Startups

`` We 're honored that Shanda Interactive Entertainment chose Propel to help ePropelpand its investments in deep tech , '' said Lisheng Wang , co-founder of Propel .

1

2/4/2014

Partner

Japan

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10

Date

8/28/2018

2/4/2014

Type

Vendor

Partner

Business Partner

Country

United States

Japan

News Snippet

Shanda Chooses Propel(x) to Channel Capital to Deep Tech Startups

`` We 're honored that Shanda Interactive Entertainment chose Propel to help ePropelpand its investments in deep tech , '' said Lisheng Wang , co-founder of Propel .

Subscribe to see more

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Sources

1

10

Shanda Group Service Providers

1 Service Provider

Shanda Group has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Corporate Minority - II

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Corporate Minority - II

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

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