Participated · Series D · Aug 2014

YPX Cayman Holdings, founded in 2010 by Chris Tay (CEO), manages casual food & beverage chains in China. Its first brand, CLOUD 9, targets Taiwanese casual F&B and snacks and now operates more than 40 stores across Shanghai, Beijing, Tianjin, Hangzhou, Nanjing, Changzhou and Hefei. The company operates a mix of directly owned stores and franchised outlets. Over the next year YPX plans to add two more brands to its portfolio. It intends to use new capital to grow directly owned stores, expand its franchising system and execute R&D programs. In August 2014 the company closed a $25M Series D financing. YPX Cayman Holdings is a Shanghai-based company that manages casual food and beverage (F&B) chains, operating its first brand CLOUD 9 which focuses on casual F&B and snacks. The company opened its first store in December 2010 and has expanded its operational infrastructure, IT systems and human resources to support growth. By the end of 2012 it will operate 30 Cloud 9 stores across Shanghai, Hangzhou, Nanjing, Changzhou, Hefei, Beijing and Tianjin. YPX intends to open at least another 90 stores throughout China and aims to become one of the fastest-growing quick service restaurant brands in the country. The company plans to use new funding to open additional stores in Eastern and Northern China and to build a large fast-casual F&B chain platform. YPX is led by Founder and CEO Chris Tay.

Participated · Series B · Oct 2012

Founded in 2006 by CEO Jared Wray, Tier 3 delivers enterprise-class cloud infrastructure (IaaS) and platform-as-a-service (PaaS) capabilities in a single platform. The company serves global enterprises and service providers and maintains a regional presence across multiple locations in North America and Europe. It recently announced cloud server group management capabilities to give customers precise control of workloads while minimizing server sprawl. Tier 3 intends to use its latest funding to accelerate innovation and extend its international reach. The company is headquartered in Bellevue, WA. Tier 3 combines traditional managed enterprise platform services with on-demand cloud infrastructure to act as an extension of customers' IT departments. The company offers infrastructure and platform-management services aimed at enterprise customers. Its customer base spans consulting, e-commerce, SaaS and e-discovery, and it serves nearly 100 customers including Exterro and Microsoft. Tier 3's core product blends managed services and cloud infrastructure to support enterprise workloads and IT operations. The company is headquartered in Seattle and was founded in 2006. Financially, Tier 3 announced a recent $8.5 million Series A financing to support its business.

Led · Series B · Feb 2012

Spoken Communications provides a cloud-based Contact Center as a Service (CCaaS) platform that enables organizations to scale customer care into the cloud. Its solution includes virtual desktop, audio and video capture, Interactive Voice Response and a virtualized voice stack. The platform already supports over 40 million contact center minutes per month. Founded in 2005 and led by CEO Howard Lee, the company is based in Seattle, WA. Spoken intends to use the new financing to grow its global marketing and sales capabilities. The company has raised $54M in total funding. Spoken Communications provides speech-recognition technologies to automate processes in call centers. Its hosted platform processes millions of minutes of customer service interactions each year on behalf of more than 4,500 call-center agents. The company says its technology can dramatically cut call-center operating costs by automating processes and reducing average handle times and misrouted calls. New funding will be used to expand its customer footprint, cloud platform offerings, and cloud infrastructure to accommodate demand for the hosted switch solution. Spoken is led by CEO Howard Lee, formerly of HyperQuality and PhotoWorks, and was formed in 2005 using technology from Wingcast. The company raised $11.5 million in new funding from Ignition Partners and Ignition Capital. Spoken Communications, incorporated as Intellisist, Inc., is a Bellevue, WA–based provider of proprietary speech recognition technologies for call centers and virtual call center systems. The company offers a hosted Avaya Automated Call Distributor (ACD) that enables scalable growth without large capital expenditures. It also provides a Conversational Interactive Voice Response (IVR) that reduces dropped calls by combining automation with a human safety net. Founded in 2005, Spoken targets large-scale call center implementations and virtual/work-from-home deployments. The company received a $4.0M strategic investment to expand hosted capacity and support customers upgrading to virtual call center models.

Participated · Equity · Aug 2010

eHi Auto Services is a Shanghai-based car rental company led by CEO and Founder Ray Zhang. The company provides car rental services to both corporate clients and consumers across 80 cities. It operates more than 400 service outlets and its fleet exceeds 13,000 vehicles covering 100 different vehicle types. eHi received an investment of over $100m from Ctrip.com International Ltd. and other existing investors. Ctrip will become the company’s second-largest strategic partner after Enterprise Holdings, which invested in 2012. Past investors include Qiming, Ignition, Jafco, New Accesss, CDH, Goldman Sachs and Enterprise. eHi Car Rental is a Shanghai-based operator offering customer-oriented self-drive service, short-term chauffeured service and long-term fleet management for corporate clients. It operates over 120 self-drive locations in 34 cities and provides chauffeured service in over 70 cities, serving over half a million customers. Its fleet exceeds 4,000 vehicles, ranging from mini-size cars to 53-seat buses. The company signed a US$70M agreement with a consortium of international investors led by Goldman Sachs. Management said the proceeds will be used to expand the fleet and geographic coverage, provide more value-added services, pioneer a greener lifestyle through car sharing, and promote fleet outsourcing to more corporate clients. The transaction is expected to complete soon as eHi aims to maintain its leading position in China’s car rental market.