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The Venture Codex

MSA Capital

2004 1-3 Xinyuan South Road, Beijing, 100027, China

Overview

Global venture capital firm investing in technology-enabled companies.

Founded

2014

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series B

Geographic focus

Brazil
China
Egypt
Nigeria
...

Sector focus

Finance
Financial Services
FinTech
Venture Capital

Investment portfolio

37rounds
NAMEDATESIZE
Flextock
Feb 2026Participated
$13 MSeries A
Orange Dental
Jan 2024Participated
$130 MSeries B
DP Technology
Aug 2023Led
$100 MOther Equity
Kaso
Jul 2023Participated
$11 MSeed
Sironax
Aug 2022Participated
$200 MSeries B
Zippi
Jun 2022Participated
$17 MSeries A
Cayena
Mar 2022Participated
$20 MSeries A
Nestcoin
Feb 2022Participated
$6 MSeed
Amador Bioscience
Dec 2021Led
$60 MSeries B
TradeDepot
Dec 2021Participated
$110 MDebt
Rabbit mart
Nov 2021Participated
$11 MSeed
PostEx
Oct 2021Led
$2 MSeed
Flextock
Feb 2026Participated
$13 MSeries A
Orange Dental
Jan 2024Participated
$130 MSeries B
DP Technology
Aug 2023Led
$100 MOther Equity
Kaso
Jul 2023Participated
$11 MSeed
Sironax
Aug 2022Participated
$200 MSeries B
Zippi
Jun 2022Participated
$17 MSeries A
Cayena
Mar 2022Participated
$20 MSeries A
Nestcoin
Feb 2022Participated
$6 MSeed
Amador Bioscience
Dec 2021Led
$60 MSeries B
TradeDepot
Dec 2021Participated
$110 MDebt
Rabbit mart
Nov 2021Participated
$11 MSeed
PostEx
Oct 2021Led
$2 MSeed
37
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

MSA Capital: 37 funding rounds are recorded in the selected participation categories.All available history.
MSA Capital: 37 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed38
Series A26
Series B37
Series C+03
Other Equity12
Debt02

Monthly Deal Activity

MSA Capital: 37 deals are recorded across 146 months.All available history.
MSA Capital: 37 deals are recorded across 146 months. All available history
MonthDeals
Sep '141
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '151
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '161
Oct '160
Nov '161
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '201
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '201
Nov '201
Dec '201
Jan '210
Feb '211
Mar '211
Apr '210
May '213
Jun '211
Jul '211
Aug '214
Sep '213
Oct '211
Nov '211
Dec '212
Jan '220
Feb '221
Mar '221
Apr '220
May '220
Jun '221
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
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 '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

MSA Capital: E-Commerce & Retail is the largest displayed sector by deal count (15 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.

MSA Capital: E-Commerce & Retail is the largest displayed sector by deal count (15 deals). All available history
SectorDeals
E-Commerce & Retail15
Fintech12
Networks, Cloud & Communication10
Health & Life Sciences9
Enterprise Software8
Transportation & Logistics6
Consumer & Lifestyle4
Real Estate & Construction3
AI & Machine Learning3
Data, Analytics & IT2
Space & Frontier Tech2
Food & Agriculture2
Travel & Hospitality1
Crypto & Blockchain1
Professional Services1

Deal Size Distribution

MSA Capital: 37 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.

MSA Capital: 37 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M7
$5M-$10M4
$10M-$25M8
$25M-$50M7
$50M-$100M5
$100M-$250M6
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

MSA Capital: China has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 10 of 13 regions; European countries are grouped as Europe.

MSA Capital: China has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
China8
United States7
Egypt6
Saudi Arabia3
Nigeria3
United Arab Emirates2
Brazil2
Europe1
Hong Kong1
Singapore1
MSA Capital: 20 co-investors are shown, with Derayah Ventures sharing 4 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.

MSA Capital: 20 co-investors are shown, with Derayah Ventures sharing 4 recorded deals. All available history
Co-investorShared deals
Derayah Ventures4
Global Founders Capital4
Matrix Partners China4
Raed Ventures4
4DX Ventures3
Alter Global3
Eight Roads Ventures3
F-Prime Capital3
Foundation Ventures3
JIMCO3
Kepple Africa Ventures3
Shunwei Capital3
Superstring Capital3
VentureSouq3
Y Combinator3
3W Capital2
Access Bridge Ventures2
Adjuvant Capital2
AIHC Capital2
B&Y Venture Partners2

Investment Strategy

MSA Capital: Led accounts for 24% and participating for 76% of round participation.All available history.
MSA Capital: Led accounts for 24% and participating for 76% of round participation. All available history
CategoryDeals (count)Share (%)
Led924%
Participating2876%
MSA Capital: Single-lead accounts for 44% and co-led for 56% of lead dynamics.All available history.
MSA Capital: Single-lead accounts for 44% and co-led for 56% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead444%
Co-led556%

Team

Ben Harburg

Managing Partner

Jenny Zeng

Managing Partner and Founder

Prakhar Khanduja

Investor

Walid Faza

Partner and Chief Operating Officer