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The Venture Codex

Hong Kong X Technology Fund

2/F, 17W, Phase 3 Hong Kong Science Park, Sha Tin, Hong Kong

Overview

HKX-Tech is a platform with mentors-funding-free space, to enable inter-institution, interdisciplinary collaboration for startups. Hong Kong X-Tech Startup Platform will make initial investments to support technology projects, alongside one-to-one business tutoring in order to support high potential businesses and give them the networks and capital they need to develop and propel growth.

Total investments
3
Lead investments
1
Investments · 12mo
0
Active investors
3

Sector focus

  • Finance
  • Financial Services
  • Incubators
  • Non Profit
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Investment portfolio

  • Feynman Dynamics

    Participated · Series A · Aug 2024

    Feynman Power develops industrial‑grade electrocatalysts and membrane electrode assemblies (MEAs) focusing on proton exchange membrane (PEM) water electrolysis, CO2 electrolysis and fuel cell catalysts. Its activities include R&D, manufacturing, MEA integration, sales and related data analysis. The company reports multiple products have entered the core supply chains of leading energy firms in Europe and the U.S. Recently Feynman Power completed a Pre‑A+ financing round of over RMB100 million. The round was led by a well‑known industry VC with participation from Shuimu Tsinghua Alumni Seed Fund, Yuntai Capital, Hong Kong X and existing investor Tianchuang Capital. 费曼动力 is an electrocatalysis R&D company focused on proton exchange membrane (PEM)-based water electrolysis, CO2 electrolysis, and fuel-cell catalysts. The company conducts R&D, manufactures catalysts, integrates membrane electrode assemblies (MEAs), handles sales, and provides related data analysis. It announced completion of a pre‑A financing round exceeding ¥100 million. GL Ventures (高瓴创投) was the company’s first‑round investor and participated again in this round. The article lists several participating investors and existing shareholders but does not disclose revenue, users, valuation, or detailed use of proceeds.

  • Bowtie Life Insurance Company

    Participated · Series A · Dec 2018

    Bowtie is a digital insurer focused on commission-free, pure-protection health and life insurance products, with VHIS plans as its flagship offering and additional critical-illness and term-life products. The company serves both individual customers and group clients, covering about 140,000 customers and 20,000 employees across 500 companies. Operating metrics include over HK$90 billion in total protection amount, annual recurring revenue above HK$250 million, roughly 1,000 new VHIS customers per month, and 50% year-over-year customer growth. Bowtie reports high service metrics: nearly 70,000 claims processed since 2019 with a 99.53% approval rate, over 250,000 customer inquiries handled, customer satisfaction above 90%, and retention exceeding 90%. The product suite has been expanded (including higher maximum sum assured up to HK$20 million) and Bowtie has formed partnerships such as a co-branded VHIS rider with CUHK Medical Centre. The company is investing in insurtech and AI across operations, aiming to improve efficiency and customer service and to become a top-three health insurer in Hong Kong within three years. Bowtie is a Hong Kong-based digital insurer that plans to offer a range of health-focused insurance products to Hong Kong consumers. It operates under Hong Kong Insurance Authority's "virtual" insurer license and will not maintain any physical presence for consumers, aiming to pass cost savings to customers and provide a more transparent online sign-up and claims experience. The company, founded just over one year earlier by co-CEOs Michael Chan and Fred Ngan, plans to launch in the first half of 2019. Bowtie announced a HK$234 million (about $30 million) Series A funding round to support platform and operations build-out. Management says it will operate independently of investor Sun Life Hong Kong with no customer- or data-sharing, while remaining open to potential future collaboration and regional expansion only after proving the model. Bowtie intends to base its development team in Hong Kong, supplementing hires with overseas talent where needed, and has recruited insurance hires from firms such as AIA, AXA, Chubb, Manulife, Prudential and Sun Life.

  • Efinix

    Led · Equity · Sep 2017

    Efinix develops a Quantum programmable technology and programmable product platforms targeting ASIC, ASSP and FPGA segments. Its products are designed for high-volume, low-power, small form-factor applications in custom logic, compute acceleration and deep learning. The company is led by co-founder, CEO and president Sammy Cheung. Efinix completed a $9.5M funding round to support its growth. The company intends to use the funds to accelerate market deployment of its Quantum programmable technology with a focus on deep learning and compute acceleration. Efinix is based in Santa Clara, California.

Team