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Cathay Capital

Europe, Ile-de-France, France, Paris

Description

Cathay Capital is a prominent global investment firm established in 2007, headquartered in Paris with a significant international footprint including offices in Shanghai, New York, and San Francisco. The firm distinguishes itself through a unique cross-border investment model, aiming to bridge capital and opportunities between continents. With over $5.5 billion in assets under management, Cathay Capital operates across the full private equity spectrum, encompassing venture capital, growth equity, and buyout strategies. This multi-stage approach allows them to support companies from their early development phases through to mature expansion and consolidation.

The firm's core investment philosophy revolves around empowering companies to navigate the complexities and seize the opportunities presented by globalization and sustainable transformation. Cathay Capital strategically invests across diverse sectors, including consumer goods, healthcare, technology, and advanced manufacturing. Their value proposition extends beyond capital, offering portfolio companies access to a vast global ecosystem of entrepreneurs, corporations, and public institutions, facilitating international expansion and strategic partnerships. This integrated approach is designed to foster long-term growth and innovation for their portfolio companies worldwide.

Cathay Capital's investment activities are channeled through various specialized funds, each targeting specific stages and sectors. For instance, Cathay Innovation, their venture capital arm, focuses on early to growth-stage technology companies, with its Cathay Innovation Fund II having closed at $750 million to support disruptive startups globally. Concurrently, their private equity funds, such as the Cathay Midcap funds, target more mature, mid-market companies seeking significant growth capital or buyout opportunities. Reflecting this broad mandate, Cathay Capital's typical first cheque sizes range significantly, from approximately $5 million for early-stage venture investments to potentially over $165 million for larger growth equity and buyout transactions.

Investor Profile

Cathay Capital has backed more than 116 startups, with 7 new investments in the last 12 months alone. The firm has led 60 rounds, about 52% of its total and boasts 21 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in China, France, United States.
  • Strong thematic focus on Biotechnology, Health Care, Manufacturing.
  • Led 5 rounds in the past year.
  • Typical check size: $5M – $165M.

Stage Focus

  • Series Unknown (23%)
  • Series B (22%)
  • Series A (18%)
  • Private Equity (16%)
  • Series C (9%)
  • Seed (4%)
  • Angel (3%)
  • Series E (2%)
  • Post Ipo Equity (1%)
  • Series D (1%)

Country Focus

  • China (59%)
  • France (21%)
  • United States (9%)
  • Germany (3%)
  • Spain (2%)
  • Ireland (2%)
  • India (1%)
  • Italy (1%)
  • New Zealand (1%)
  • United Kingdom (1%)

Industry Focus

  • Biotechnology
  • Health Care
  • Manufacturing
  • Medical
  • Software
  • Artificial Intelligence (Ai)
  • Robotics
  • Electronics
  • Pharmaceutical
  • E-commerce
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Cathay Capital frequently co-invest with?

Source Code Capital
Asia, Liaoning, China, Chaoyang
Co-Investments: 3
Yunmu Capital
Asia, Guangdong, China, Shenzhen
Co-Investments: 4
Shunwei Capital
Asia, Beijing, China, Beijing
Co-Investments: 7
IDG Capital
Asia, Beijing, China, Beijing
Co-Investments: 7
Hillhouse Investment
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 4
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 7
Qiming Venture Partners
Asia, Shanghai, China, Shanghai
Co-Investments: 3
Sofinnova Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 3
Kaitai Capital
Asia, Zhejiang, China, Hangzhou
Co-Investments: 3

Which angels does Cathay Capital often collaborate with?

YF
Europe, Ile-de-France, France, Paris
Shared Deals: 2
BG
Asia, China
Shared Deals: 1
RL
North America, California, United States
Shared Deals: 2
FM
North America, California, United States, Mountain View
Shared Deals: 1
SS
North America, California, United States, Cupertino
Shared Deals: 2
JM
North America, California, United States, San Francisco
Shared Deals: 1
SL
Europe, Ile-de-France, France, Paris
Shared Deals: 2
Cyril Berdugo
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Cathay Capital?

Deep Intelligence Technology

Xiamen, Fujian, China

Deep Intelligence Technology is an AI system developer that offers SAAS-based services to small and medium-sized businesses.

Artificial Intelligence (AI)Information TechnologySaaS
Series AJan 14, 2026
Amount Raised: $31,000,000
DeepWisdom

Singapore, Central Region, Singapore

DeepWisdom focused on "basic intelligent agent technology" with the goal of enabling AI to truly accomplish complex software development.

Web Development
Series UnknownJan 14, 2026
Zyeyun Pharmaceutical

Wuxi, Anhui, China

Zyeyun Pharmaceutical is a domestic pharmaceutical group

Health CareMedicalPharmaceutical
Series UnknownDec 22, 2025
Amount Raised: $42,608,794
Yanshengchao

Beijing, Beijing, China

Developer of new drugs targeting tumors or the immune system.

Biotechnology
Series ADec 8, 2025
Zhiwei Xingyi

Shanghai, Shanghai, China

Zhiwei Xingyi provides enterprises with digital project management, delivery, and operation.

Digital MarketingInformation TechnologyProject Management
SeedOct 28, 2025
Xingmai Innovation

Suzhou, Jiangsu, China

Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.

RoboticsSwimming
Series UnknownSep 23, 2025
Amount Raised: $140,613,355
ShiningSoul

Shanghai, Shanghai, China

ShiningSoul developes its own IP-based card sets and collaborating with various well-known IPs.

SeedAug 11, 2025
Galaxea AI

Suzhou, Jiangsu, China

Galaxea AI is an intelligent robot technology company that specializes in the development of humanoid robots with embodied intelligence.

Intelligent SystemsManufacturingRobotics
Series AJul 9, 2025
Amount Raised: $13,927,771
Vita Dynamics

Beijing, Beijing, China

Vita Dynamics aims to develop robots based on the concept of embodied intelligence.

Artificial Intelligence (AI)Robotic Process Automation (RPA)Robotics
SeedMar 21, 2025
Galaxea AI

Suzhou, Jiangsu, China

Galaxea AI is an intelligent robot technology company that specializes in the development of humanoid robots with embodied intelligence.

Intelligent SystemsManufacturingRobotics
Series AFeb 20, 2025
Amount Raised: $41,345,094

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