University of Macau Development Foundation
Room 2021, Administration Building, University of Macau, N6 Avenida da Universidade, Taipa, Ilhas, Macao
Overview
UMDF aims at supporting and facilitating the University of Macau to attain its academic and educational goals
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- AkroStar
Participated · Series A · May 2021
Akrostar Technology, founded in June 2020, develops and offers intellectual property (IP) to chipmakers in areas long dominated by foreign players. The company has quickly brought advanced IP products and services to market. Over the past year it has raised nearly CNY1 billion (about USD155.6 million) and has exceeded its 2021 sales target. Akrostar secured over CNY500 million (USD77.8 million) in its Series A round to support growth. The proceeds will be used to attract cutting‑edge R&D talent and accelerate product roll‑out. Chairman and Co‑CEO Zeng Keqiang said industry recognition gives the firm confidence to strive to empower China’s integrated circuit industry, and Gaorong partner Yue Bin highlighted the importance of IP to China’s chip design sector.
Team
No current team members are available.