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Venture Capital
sky9capital.com

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Investments

80

Portfolio Exits

2

Funds

3

About Sky9 Capital

Sky9 Capital is an early-stage venture capital firm focused on China.

Sky9 Capital Headquarter Location

1027 Changning Road, Suite 2408 Multimedia Park, Changning District

Shanghai, Shanghai, 200050,

China

+86 (21) 5238 3699

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Latest Sky9 Capital News

Thunkable Announces 3 Million+ Users and $30 Million in Series B Funding

Apr 6, 2022

On Apr 6, 2022 Thunkable, the leading global no-code mobile app development platform, announced a $30 million Series B round of funding. The round was led by Owl Ventures, the world’s largest edtech focused venture firm who recently raised over $1 billion in new funds for global investments, with previous investors Lightspeed Venture Partners, NEA, PJC, and others joining the round, as well as new investors including superstar DJ and investor Diplo, Sky9 Capital and more. Thunkable’s Chief Executive Officer Arun Saigal and Chief Technology Officer WeiHua Li have been leading the charge on app development for over a decade, which led to the inception of Thunkable in 2016. The pair met at MIT working in the lab that developed the App Inventor project, an early technology allowing for easy app development. With this funding round, the company plans to improve their enterprise capabilities, develop a marketplace and advocacy for creator communities, and drive the certification of individuals and curriculums. “Thunkable is honored to be supported by such a rich collection of investors, who are joining our shared vision to continue growing the no-code app development community, ” Saigal said. “It’s an immense privilege to earn their support and partnership during this critical period of growth for our company. But while we’re thrilled by our investors’ confidence, we also recognize that we’ve only just scratched the surface of what our team can accomplish.” “The future is a world where creators are empowered to make a change, and at Thunkable we’re building the tools to enable just that. As we build upon a decade of innovation, this capital will further extend our reach and help even more entrepreneurs, businesses and even students across the globe reimagine native app development,” he said. From its simple no-code structure to intuitive design choices and inputs, Thunkable has made app development easy for its 3M+ users and has equipped more than 40 percent of Fortune 500 companies with its platform. And with millions of next generation tech builders as early adopters, this latest funding will spur the continued growth and potential of this innovative company. “We are very excited to partner with the Thunkable team because they have created a truly comprehensive and robust no-code platform that can empower a wide variety of institutions and individuals to turn their ideas into custom native mobile apps,” said Amit Patel, Managing Director at Owl Ventures. “From students learning computer science concepts to enterprises empowering employees to accelerate innovation, Thunkable is making app creation more accessible in a world where the majority of web traffic is coming from mobile devices and mobile apps are expected to play an even more critical role in global online activity.”

Sky9 Capital Investments

80 Investments

Sky9 Capital has made 80 investments. Their latest investment was in CIX Technology as part of their Seed VC - III on April 4, 2022.

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Sky9 Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/20/2022

Seed VC - III

CIX Technology

$15.58M

No

3

4/7/2022

Seed VC - II

Yunsilicon

Yes

5

3/12/2022

Seed VC

Mirror World

$4M

Yes

4

3/1/2022

Series B

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$99M

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10

2/26/2022

Seed VC

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$99M

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10

Date

4/20/2022

4/7/2022

3/12/2022

3/1/2022

2/26/2022

Round

Seed VC - III

Seed VC - II

Seed VC

Series B

Seed VC

Company

CIX Technology

Yunsilicon

Mirror World

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Amount

$15.58M

$4M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

5

4

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

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

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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

Tony Lo

Advanced Technology Ventures

Managing Director

Current

Zun Qiu

Managing Director

Current

Jing Wang

Lightspeed China Partners

Managing Director

Current

Jonathan Zhun Qiu

Decent Capital, Tencent Holdings, Broadcom, and Cisco

Managing Director

Former

Name

Ron Cao

Tony Lo

Zun Qiu

Jing Wang

Jonathan Zhun Qiu

Work History

Advanced Technology Ventures

Lightspeed China Partners

Decent Capital, Tencent Holdings, Broadcom, and Cisco

Title

Founder, Managing Partner

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Former

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