Led · Equity · Dec 2025

Wayon Energy Technology Co., Ltd. (Wayon Energy) is a subsidiary of Wasion Holdings Limited that operates in the energy technology space. While specific products and operating metrics were not disclosed, the company’s positioning under Wasion suggests a focus on power-related solutions within the broader group. Wayon Energy recently attracted outside capital from Boyu Capital, indicating growing investor confidence in its prospects. Boyu Capital’s RMB 380 million equity infusion will give it an 8% stake in the enlarged share capital, enhancing Wayon Energy’s balance sheet. Wasion Holdings stated that the investment will strengthen both the company’s capital base and its access to industrial resources. This transaction provides Wayon Energy with additional financial flexibility to pursue future growth initiatives under the Wasion umbrella.

Participated · Equity · Oct 2025

Contemporary Amperex Intelligent Technology (CAIT-SH) is a 2021-founded subsidiary of battery giant CATL focused on intelligent vehicle platforms. Its flagship product, the Panshi skateboard chassis, embeds EV battery cells into the vehicle frame to boost safety, extend driving range, and cut automaker development time and cost. Since early 2024, CAIT-SH has signed partnerships to deploy Panshi with BAIC Group, Avatr Technology, JAC Motors, and VinFast across China, Southeast Asia, the Middle East, and Europe, and has presented the platform to Porsche AG. The company operates production and testing facilities in Yichun and Shanghai and employs about 600 people. Multiple Chinese media reports place its post-financing valuation above 10 billion yuan (≈$1.4 billion). Proceeds from its first outside round will fund mass production and commercialization of Panshi.

Participated · Series A · Aug 2024

正序生物 is a genetic-disease immunotherapy platform that develops breakthrough therapies based on base editing. The company focuses on treatments for point-mutation–caused genetic diseases and cancer immunotherapy. Its pipeline includes CS-101 and in vivo gene‑editing therapy programs. The firm recently completed an A+ financing that will accelerate CS-101 clinical research and commercialization and support clinical translation of its in vivo therapy pipeline. The round also aims to fund global expansion and efforts to bring gene‑editing products to market. The financing exceeded RMB 100 million and involved multiple strategic and existing investors.

Led · Series A · Jul 2023

Farizon is a Geely-owned maker of hybrid and electric trucks and light commercial vehicles based in Hangzhou. Its core products include hybrid and electric trucks and a planned light electric cargo van called the Super Van, which the company plans to begin selling in Europe as early as 2024. Farizon hopes the Super Van will become one of Europe’s top three e-cargo vans and is targeting expansion into Europe, Asia-Pacific, South America and the Middle East. The majority of Farizon’s sales currently come from China: it sold about 37,800 light commercial vehicles in China in 2022 and 24,760 vehicles between January and May 2023. Farizon said it hopes to reach 150,000 units sold by the end of the year, and the company said it already produced that number of commercial vehicles. The company plans to use new funding to expand operations outside China and to further its technology and product development.

Led · Convertible Note · Sep 2022

Animoca, also known as Outblaze Ventures, focuses on developing and publishing mobile games and educational applications for iOS and Android devices. Since its debut in January 2011, the company has launched over 150 titles across smartphones and tablets. Animoca also operates several brands, including Dream Cortex, to broaden its reach in the mobile entertainment space. In only ten months on the market, its apps have amassed more than 40 million downloads worldwide, underscoring strong early traction with users. The firm’s rapid content rollout demonstrates an aggressive product strategy targeting global smartphone audiences. Backing from major technology investors suggests confidence in the company's ability to scale its portfolio further. While revenue figures were not disclosed, the significant download volume highlights Animoca’s potential for future monetization and growth opportunities.