Investments
80Portfolio Exits
2Funds
3Latest Sky9 Capital News
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.
Sky9 Capital Investments Activity
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 | |||||
2/26/2022 | Seed VC |
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 | ||
Amount | $15.58M | $4M | |||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 5 | 4 |
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 | 2 | |||
Date | 4/1/2021 | |
---|---|---|
Exit | IPO | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 2 |
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 | ||||
4/16/2018 | Sky9 Capital Fund III |
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 | ||
Status | Closed | ||
Amount | $321M | ||
Sources | 4 |
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 | Lightspeed Venture Partners, KLM Capital, Intel, and Goldman Sachs | 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 | Lightspeed Venture Partners, KLM Capital, Intel, and Goldman Sachs | 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 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.