CAS Star

CAS Star, headquartered in Xi'an, China, is a prominent venture capital firm and incubator specializing in "hard tech" investments. Established in 2013, the firm plays a crucial role in commercializing scientific research, particularly from institutions like the Chinese Academy of Sciences. Their investment strategy is deeply rooted in supporting early-stage companies that are developing groundbreaking technologies with high barriers to entry and long development cycles. This focus positions them as a key player in China's drive for technological self-sufficiency and innovation.

The firm primarily targets companies in sectors such as optoelectronics, advanced manufacturing, new materials, artificial intelligence, aerospace, and biomedicine. CAS Star provides not only capital but also extensive incubation support, leveraging its deep industry connections and scientific expertise to help portfolio companies navigate the complexities of commercializing advanced technologies. They are known for their hands-on approach, offering strategic guidance, R&D support, and market access to their startups. Their typical first check sizes range from approximately $500,000 to $5,000,000 USD, targeting angel to Series A rounds.

Since its inception, CAS Star has grown significantly, demonstrating a substantial commitment to the deep tech ecosystem. The firm has successfully managed over 20 funds, accumulating a total Asset Under Management (AUM) exceeding 10 billion RMB, which translates to approximately $1.4 billion USD. This substantial capital base enables them to make meaningful investments in capital-intensive hard tech ventures. As of recent reports, CAS Star has incubated and invested in over 400 hard tech companies, contributing significantly to the development of cutting-edge industries in China. Their extensive portfolio underscores their position as a prolific and influential investor in the country's technology landscape.