Investments
108Portfolio Exits
2Funds
3About 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.

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Latest Sky9 Capital News
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.

Sky9 Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/31/2023 | Seed VC | Hogwarts Labs | $8M | Yes | Alliance , DHVC, EVG, HashGlobal, Matrix Partners, NGC Ventures, No Limit Holdings, North Beta Capital, Old Fashion Research, Puzzle Ventures, SevenX Ventures, Sky9 Capital, Stratified Capital, Undisclosed Investors, and Xin Family | 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 | |||||
11/28/2022 | Seed VC |
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 | ||
Amount | $8M | $4M | $2.2M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Alliance , DHVC, EVG, HashGlobal, Matrix Partners, NGC Ventures, No Limit Holdings, North Beta Capital, Old Fashion Research, Puzzle Ventures, SevenX Ventures, Sky9 Capital, Stratified Capital, Undisclosed Investors, and Xin Family | Impact Venture Capital, Sky9 Capital, Tim Crow, and Undisclosed Angel Investors | |||
Sources | 1 | 6 | 2 |
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 | Public | 2 | ||
Date | 4/1/2021 | |
---|---|---|
Exit | IPO | |
Companies | ||
Valuation | ||
Acquirer | Public | |
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 |
Name | Ron Cao | ||||
---|---|---|---|---|---|
Work History | Lightspeed Venture Partners, KLM Capital, Intel, and Goldman Sachs | ||||
Title | Founder, Managing Partner | ||||
Status | Current |
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