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The Venture Codex

Overview

Private equity firm investing in high-growth companies in China.

Founded

2007

Deals ยท 12mo

0

Stage focus

Series E

Geographic focus

China
United States

Sector focus

Finance
Venture Capital

Investment portfolio

7rounds
NAMEDATESIZE
Plus
Apr 2021Led
$220 MOther Equity
USHOPAL
Mar 2021Led
$100 MOther Equity
Xingsheng Youxuan
Feb 2021Participated
$2.0 BOther Equity
4Paradigm
Jan 2021Participated
$700 MSeries D
Zuoyebang
Dec 2020Participated
$1.6 BSeries E
Zuoyebang
Jun 2020Led
$750 MSeries E
Antengene Corporation
Jan 2019Led
$120 MSeries B
Plus
Apr 2021Led
$220 MOther Equity
USHOPAL
Mar 2021Led
$100 MOther Equity
Xingsheng Youxuan
Feb 2021Participated
$2.0 BOther Equity
4Paradigm
Jan 2021Participated
$700 MSeries D
Zuoyebang
Dec 2020Participated
$1.6 BSeries E
Zuoyebang
Jun 2020Led
$750 MSeries E
Antengene Corporation
Jan 2019Led
$120 MSeries B
7
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Insights

Time horizon

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Deal Distribution

FountainVest Partners: 7 funding rounds are recorded in the selected participation categories.All available history.
FountainVest Partners: 7 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B10
Series C+12
Other Equity21

Monthly Deal Activity

FountainVest Partners: 7 deals are recorded across 94 months.All available history.
FountainVest Partners: 7 deals are recorded across 94 months. All available history
MonthDeals
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '211
Feb '211
Mar '211
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

FountainVest Partners: AI & Machine Learning is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

FountainVest Partners: AI & Machine Learning is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
AI & Machine Learning4
Networks, Cloud & Communication3
Enterprise Software3
Education & Workforce2
E-Commerce & Retail2
Consumer & Lifestyle2
Health & Life Sciences1
Food & Agriculture1
Data, Analytics & IT1
Transportation & Logistics1

Deal Size Distribution

FountainVest Partners: 7 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

FountainVest Partners: 7 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M3
$250M-$500M0
$500M-$1B2
$1B+2

Deals By Geography

FountainVest Partners: China has the largest recorded deal count among the displayed regions (6 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

FountainVest Partners: China has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
China6
United States1
FountainVest Partners: 20 co-investors are shown, with Hongshan Capital Group (Sequoia Capital China) sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

FountainVest Partners: Led accounts for 57% and participating for 43% of round participation.All available history.
FountainVest Partners: Led accounts for 57% and participating for 43% of round participation. All available history
CategoryDeals (count)Share (%)
Led457%
Participating343%
FountainVest Partners: Single-lead accounts for 25% and co-led for 75% of lead dynamics.All available history.
FountainVest Partners: Single-lead accounts for 25% and co-led for 75% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead125%
Co-led375%

Team

Andrew Huang

Managing Director

Zhen Li

Managing Director