
C.Entrepreneurs/Cathay Innovation
101 Mission Street Suite 1630, San Francisco, CA, 94105, United States
Overview
Cathay Innovation is a global venture capital firm, created in affiliation with Cathay Capital, investing in startups at the center of digital revolution across North America, Latin America, Europe, Asia and Africa. Its global platform unifies technology investment across continents, investors, entrepreneurs and leading corporations to accelerate startup growth with access to new markets, invaluable industry knowledge and introductions to potential partners from the start. As a multistage fund with over $1.5 billion assets under management and offices across San Francisco, New York, Paris, Shanghai, Beijing and Singapore, Cathay Innovation partners with visionary entrepreneurs and startups positively impacting the world through technology. To learn more, please visit www.cathayinnovation.com or follow us on Twitter @Cathayinnov.
- Total investments
- 5
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- datasine
Participated · Series A · Feb 2019
DataSine builds Pomegranate, a SaaS marketing personalisation platform that helps brands tailor content for different audiences. Its algorithms work with behavioural data previously collected by the customer, while a content-editing system allows tailoring text and images for landing pages, email campaigns, call-centre scripts and other media. Pomegranate currently integrates with HubSpot and MailChimp. The company says it is looking to launch further integrations throughout the year. DataSine is led by founder and CEO Igor Volzhanin, who started the company after moving to London to do a PhD in psychology. The company recently raised funding (see deal details).
- OpenLegacy
Participated · Equity · Nov 2018
OpenLegacy provides a platform that connects directly to legacy and core systems and automatically generates microservice-based APIs to accelerate digital transformation. The platform is deployable on-premises or in the cloud and is compatible with modern code development practices, enabling integration into existing or new DevOps pipelines. OpenLegacy's solution is designed to reduce the time, cost and risk typically associated with modernization projects. The company is led by Ron Rabinowitz, President, and is used by large enterprises including Citi, Liberty Mutual, FIS and BNP Paribas-Cardif. Financially, the company received a $20M strategic investment from SBI Holdings to support its activities and broader adoption. OpenLegacy provides microservices-based API integration that automates and standardizes the creation of digital services for complex back-end systems. Its platform exposes microservice-based APIs that let organizations accelerate delivery of new digital initiatives without changing their back-end systems. The company is led by Romi Stein (CEO), Roi Mor (CTO) and Ron Rabinowitz (CFO & COO). OpenLegacy is a flagship company of “The Floor,” a global innovation platform partnered with banks such as HSBC, Santander, RBS, Intesa SanPaolo, Deutsche Bank and SMBC alongside Intel and Accenture. The company closed a $30M funding round and intends to use the proceeds to further expand its business reach.
- Cosmo Tech
Participated · Series B · Sep 2018
Cosmo Tech develops AI-simulation software that models complex systems to provide predictive and prescriptive decision intelligence for large enterprises. Its platform evaluates millions of potential scenarios to guide critical decisions in supply chain, finance, forecasting, and other dynamic domains. Customers in manufacturing, automotive, energy, and transportation use Cosmo Tech to improve resilience and save millions in logistics expenses. Founded in 2010 and headquartered in Lyon, France, the company combines advanced simulation with other AI techniques to meet the reliability demands of large organizations. Following a majority investment from Insight Partners, Cosmo Tech plans to expand its North American presence by opening a DC‑area innovation hub in early 2025 to support customers and partners. Co‑founders will remain in leadership roles while new executives from Accenture join the management team to scale commercialization and go-to-market efforts. Cosmo Tech’s 360˚ Simulation Digital Twin platform lets organizations explore and test business changes by running unlimited scenarios to identify optimal action plans. The cloud-native solution ingests data from current systems and uses hybrid AI to predict organizational evolution under uncertainty. Its technology has helped asset-intensive organizations increase profit by 5% across complex supply chains and reduce capital and operating expenses by 10–15%. Leading customers in manufacturing, automotive, energy, and transport use Cosmo Tech to improve resiliency, efficiency, and sustainability. Accenture’s strategic investment and partnership is positioned to extend Cosmo Tech’s technology to Accenture’s global clients and support faster enterprise adoption. Founded in 2010, the company plans to scale its enterprise footprint through co-innovation with Accenture’s domain experts and innovation centers. Cosmo Tech provides an Augmented Intelligence platform that delivers asset management and operations optimization solutions for critical infrastructure. The company targets large industrial users and counts customers such as RTE, Alstom, and Nexans. Cosmo Tech is led by co-founders Hugues de Bantel (CEO) and Michel Morvan (Executive Chairman). It closed a $21m Series B financing to support its growth. The company intends to use the funds to invest in human capital, accelerate the go-to-market for its software solutions, and enhance international growth through selected partners, with a strong focus on Europe. Cosmo Tech provides decision-management solutions that combine human expertise with complex systems modeling to deliver Augmented Intelligence, simulating emergent phenomena and cascading effects across connected systems. The platform is used for asset investment optimization and planning in industries such as energy, transportation, urban systems and life sciences. Major customers named in the article include RTE, Alstom, GE, Total, EDF, Veolia, SNCF and Sanofi Pasteur, and European utilities and transit companies use the platform to save tens of millions annually. The company says it doubled revenue each year since its 2014 Series A. Cosmo Tech unveiled a new brand and name and is pursuing expansion from its European success to the global market. The company is headquartered in Lyon, France and San Francisco, and was founded in 2010 as The CoSMo Company.
- Saagie
Participated · Series A · Jan 2018
Saagie provides a smart big-data processing platform as both a SaaS and on-premise solution that leverages AI to speed development of business applications. The platform offers pre-integrated open source blocks for collecting, analyzing and processing large enterprise data. It is massively used in the bank and insurance industry. The company was founded in 2013 by CEO Arnaud Muller and is based in Petit-Quevilly, France, with offices in Paris and San Francisco. Saagie intends to use recent funding to continue improving the product and to expand its business internationally, including plans to open in NYC. The company recently completed a €5M Series A+ financing to support those efforts. Saagie provides a big-data platform designed to help businesses tap into and operationalize large-scale data and analytics. The company serves enterprise clients including Vente‑privee.com, Johnson & Johnson, Ferrero, Caisse d’Épargne Normandie, BudgetBox and Bouygues Énergies & Services. For Vente‑privee.com Saagie has optimized the product recommendation engine; with Bouygues it is working to improve availability and maintenance of industrial equipment. Saagie was launched in 2013 and previously raised €850,000 in summer 2015 from earlier backers. The startup recently hired Jerome Trédan, formerly of Microsoft, as Vice President of Marketing and Sales to restructure sales and marketing. The new funding is earmarked to accelerate international growth and to further develop the company’s artificial intelligence technology and product.
- Stratumn
Led · Series A · Nov 2017
Stratumn develops network solutions that secure processes between enterprises and their stakeholders using blockchain networks and advanced cryptography. Its technology is designed to ensure data privacy while reducing operational frictions and costs for partners, customers and regulators. The company has completed more than ten projects with large companies across the insurance, financial and supply chain sectors. Stratumn plans to use newly raised funds for business development, product design and hiring. Financially, the company has extended its Series A with an additional €1M as part of a round that totals €8M. Stratumn provides a Proof of Process Technology platform and a suite of network solutions to secure and streamline regulatory and compliance procedures between enterprises and stakeholders. Its technology uses blockchain and advanced cryptography to improve customer privacy and data protection while reducing operational and back-office costs. The company has developed more than 10 projects with large organizations including CNP Assurances, Allianz France, Nasdaq, Thales, Bureau Veritas and Bouygues Immobilier. Stratumn was founded in Paris in 2015 by Richard Caetano, Stephan Florquin and Sebastien Couture. The company raised €7M in a Series A and intends to use the funds to accelerate development and expand into the U.S. The platform is positioned for enterprise deployments focused on compliance, data exchange and process security. Stratumn is a Paris-based startup that offers a Heroku-like platform-as-a-service for developers to build, deploy and run blockchain applications. Its platform enables applications to communicate with the Bitcoin blockchain. The company has created an open specification called Chainscript, a JSON-based format that stores data packets which can be written to and later retrieved and audited on the blockchain. Stratumn positions itself as a way for other startups (for example, Stampery) to build on top of its platform without reimplementing blockchain integration. The company aims to be blockchain-agnostic over time, with potential to support private and alternative blockchains. Financially, Stratumn recently raised $670,000 (€600,000) from Otium Venture and business angels including Ledger Wallet CEO Eric Larchevéque.