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Venture Capital
sky9capital.com

Investments

108

Portfolio Exits

2

Funds

3

About Sky9 Capital

Sky9 Capital is an early-stage venture capital firm focused on China It is a venture capital fund dedicated to supporting technologies and innovators to change and create an impact on society. The company was founded in 2011 and is based in Shanghai, China.

Headquarters Location

1133 Changning Road Suite 1807, Tower 1,

Shanghai, Shanghai, 1133,

China

+86 (21) 5238 3699

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Latest Sky9 Capital News

Upduo Raises $4M in Seed Funding

Mar 16, 2023

March 16, 2023 Upduo , a San Francisco, CA-based provider of a peer-to-peer learning platform for data-driven teams, raised $4M in Seed funding. The round was led by Impact Venture Capital with participation from Sky9 Capital and angels like Tim Crow. The company intends to use the funds to address the training needs of even more industries and use ML to deliver intelligent personalized learning for teams, and expand its gamification features to improve employee retention. Co-founded in 2020 by Wei Sun (CEO), Mike Mendelson (CLO), and Ben Chang (CPO), Upduo provides a workplace that uses education and peer-to-peer learning practices to empower sales and retail workers to be fast, prepared, and engaged. It identifies the ideal pairs in a company to practice skills and have intentional conversations around core business topics. Partners then connect on the mobile app to have guided one-on-one video conversations designed to boost confidence, practice new concepts, and ask questions. Sessions are meant to be short and engaging, utilizing gratification features to help workers feel recognized for their achievements while its team of licensed educators helps companies design the perfect conversations to maximize engagement, authenticity and impact. Since 2020, over 500,000 learning sessions have happened on Upduo with teams located across more than 1,000 customer locations. The company works with notable clients like Amazon, Motorola, McKinsey, and Prime Communications.

Sky9 Capital Investments

108 Investments

Sky9 Capital has made 108 investments. Their latest investment was in Hogwarts Labs as part of their Seed VC on May 5, 2023.

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Sky9 Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/31/2023

Seed VC

Hogwarts Labs

$8M

Yes

1

3/14/2023

Seed VC

Upduo

$4M

Yes

Impact Venture Capital, Sky9 Capital, Tim Crow, and Undisclosed Angel Investors

6

3/2/2023

Pre-Seed

Insrt Labs

$2.2M

Yes

2

12/8/2022

Seed VC - II

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10

11/28/2022

Seed VC

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10

Date

5/31/2023

3/14/2023

3/2/2023

12/8/2022

11/28/2022

Round

Seed VC

Seed VC

Pre-Seed

Seed VC - II

Seed VC

Company

Hogwarts Labs

Upduo

Insrt Labs

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Amount

$8M

$4M

$2.2M

New?

Yes

Yes

Yes

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Co-Investors

Impact Venture Capital, Sky9 Capital, Tim Crow, and Undisclosed Angel Investors

Sources

1

6

2

10

10

Sky9 Capital Portfolio Exits

2 Portfolio Exits

Sky9 Capital has 2 portfolio exits. Their latest portfolio exit was Energy Monster 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

IPO

$99M

Public

2

11/8/2018

Acquired

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$99M

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10

Date

4/1/2021

11/8/2018

Exit

IPO

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

Public

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Sources

2

10

Sky9 Capital Fund History

3 Fund Histories

Sky9 Capital has 3 funds, including Sky9 Capital Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/10/2019

Sky9 Capital Fund IV

Early-Stage Venture Capital

Closed

$321M

4

9/10/2019

Sky9 Capital MVP Fund

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$99M

10

4/16/2018

Sky9 Capital Fund III

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$99M

10

Closing Date

9/10/2019

9/10/2019

4/16/2018

Fund

Sky9 Capital Fund IV

Sky9 Capital MVP Fund

Sky9 Capital Fund III

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$321M

$99M

$99M

Sources

4

10

10

Sky9 Capital Team

5 Team Members

Sky9 Capital has 5 team members, including current Founder, Managing Partner, Ron Cao.

Name

Work History

Title

Status

Ron Cao

Founder, Managing Partner

Current

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Name

Ron Cao

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Work History

Title

Founder, Managing Partner

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Status

Current

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