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Horizons Ventures

Asia, Hong Kong Island, Hong Kong, Hong Kong

Description

Horizons Ventures, the private investment arm of Hong Kong billionaire Li Ka-shing, stands as a formidable global venture capital firm renowned for its prescient early-stage investments in disruptive technology companies. Based in Hong Kong, the firm has cultivated a reputation for identifying and backing visionary entrepreneurs poised to reshape industries. Unlike traditional VC funds, Horizons Ventures operates with a long-term, strategic outlook, often taking significant stakes in its portfolio companies and providing patient capital.

The firm's investment strategy is characterized by an unwavering focus on groundbreaking innovation across various sectors, including artificial intelligence, biotechnology, fintech, and consumer internet. Horizons Ventures is particularly known for its ability to spot nascent trends and invest in companies that subsequently achieve global prominence. Their extensive portfolio includes investments in over 200 companies, showcasing their broad reach and consistent activity in the tech ecosystem.

Among its most celebrated early bets are investments in social media giant Facebook, music streaming leader Spotify, video conferencing titan Zoom, and autonomous driving pioneer Waze. Horizons Ventures also made a pivotal early investment in DeepMind, the artificial intelligence research company later acquired by Google, and was a key early backer of plant-based food innovator Impossible Foods. These strategic investments have not only yielded substantial returns but have also underscored the firm's influence in shaping the global technology landscape.

While flexible, Horizons Ventures typically deploys substantial capital, reflecting its commitment to providing meaningful support to its portfolio companies. Their typical first check size ranges from approximately $5 million to $50 million, with the capacity to participate in even larger rounds or make significant follow-on investments. This substantial investment capacity allows them to lead or co-lead significant early-stage rounds, often contributing a substantial portion of a company's initial capital raise.

Investor Profile

Horizons Ventures has backed more than 258 startups, with 5 new investments in the last 12 months alone. The firm has led 94 rounds, about 36% of its total and boasts 49 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Germany.
  • Strong thematic focus on Software, Biotechnology, Artificial Intelligence (AI).
  • Led 1 rounds in the past year.
  • Typical check size: $5M – $50M.

Stage Focus

  • Series A (32%)
  • Series B (24%)
  • Seed (15%)
  • Series C (14%)
  • Series Unknown (6%)
  • Series D (4%)
  • Series E (3%)
  • Convertible Note (1%)
  • Undisclosed (1%)

Country Focus

  • United States (57%)
  • United Kingdom (11%)
  • Germany (7%)
  • Australia (6%)
  • Canada (5%)
  • Israel (4%)
  • Indonesia (2%)
  • Hong Kong (2%)
  • The Netherlands (1%)
  • India (1%)

Industry Focus

  • Software
  • Biotechnology
  • Artificial Intelligence (Ai)
  • Fintech
  • Financial Services
  • Food And Beverage
  • Machine Learning
  • Health Care
  • Information Technology
  • Hardware
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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 Horizons Ventures frequently co-invest with?

Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 9
SOSV
North America, New Jersey, United States, Princeton
Co-Investments: 13
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 10
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 12
Collaborative Fund
North America, New York, United States, New York
Co-Investments: 9
Main Sequence Ventures
Oceania, New South Wales, Australia, Sydney
Co-Investments: 8
Social Capital
North America, California, United States, Menlo Park
Co-Investments: 9
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 8
Founders Fund
North America, California, United States, San Francisco
Co-Investments: 8
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 11

Which angels does Horizons Ventures often collaborate with?

KP
North America, California, United States, Los Angeles
Shared Deals: 2
AK
North America, Pennsylvania, United States, Philadelphia
Shared Deals: 2
BG
North America, Washington, United States, Seattle
Shared Deals: 4
AO
North America, California, United States, San Francisco
Shared Deals: 3
KC
North America, Minnesota, United States
Shared Deals: 2
BS
North America, New York, United States, New York
Shared Deals: 4
JS
North America, New York, United States, New York
Shared Deals: 2
AZ
North America, California, United States, Los Angeles
Shared Deals: 2
Shared Deals: 2
Li Ka-shing
Asia, Hong Kong Island, Hong Kong, Hong Kong
Shared Deals: 6

What are some of recent deals done by Horizons Ventures?

Harrison.ai

Barongarook, Victoria, Australia

Harrison.ai is a clinician-led healthcare AI company using deep learning to improve the odds of IVF success for thousands of patients.

Artificial Intelligence (AI)Health CareMedicalMedical Device
Series CFeb 11, 2025
Amount Raised: $112,000,000
Owlstone Medical

Cambridge, Cambridgeshire, United Kingdom

Owlstone Medical develops non-invasive breath tests for early disease detection.

Emergency MedicineHealth CareHealth DiagnosticsMedical Device
Series EJan 15, 2025
Amount Raised: $27,000,000
Fleet Space Technologies

Adelaide, South Australia, Australia

Fleet is a space tech company that explores for critical minerals

Internet of ThingsMining TechnologySatellite CommunicationTelecommunications
Series DDec 11, 2024
Amount Raised: $100,000,000
Notpla

London, England, United Kingdom

Notpla is a sustainable packaging start-up that develops a material derived from seaweed and plants.

CleanTechGreenTechManufacturingPackaging ServicesSustainability
Series ASep 24, 2024
Amount Raised: $26,853,712
ZeroAvia

Hollister, California, United States

ZeroAvia develops hydrogen-electric powertrains for zero-emission aviation solutions.

AerospaceAir TransportationCleanTechIndustrial
Series CSep 12, 2024
Amount Raised: $34,000,000
Medal

Naarden, Noord-Holland, The Netherlands

Medal is a developer of a short-form gaming video clips platform to share digital game clips and highlights with gamers.

GamingOnline GamesVideo GamesVideo Streaming
Series UnknownJul 11, 2024
Amount Raised: $13,000,000
Holoclara

Los Angeles, California, United States

Holoclara is a immunotherapy company that offers autoimmune disorders with nematode derived molecules.

Therapeutics
Series AJun 27, 2024
Amount Raised: $16,000,000
Voyage Foods

Oakland, California, United States

Voyage Foods is a food technology company making delicious, sustainable and accessible foods that are better for people and the planet.

Consumer GoodsFood and BeverageSustainability
Series AMay 8, 2024
Amount Raised: $52,000,000
Fano Labs

Sha Tin, New Territories, Hong Kong

Fano Labs specializes in speech and NLP technologies to help enterprises with customer service, compliance and other lines of business.

Artificial Intelligence (AI)Customer ServiceMachine LearningNatural Language ProcessingSpeech Recognition
Series BMay 2, 2024
Cauldron Ferm

Orange, New South Wales, Australia

Cauldron Ferm is a bio-acceleration process that exponentially scales up any precision fermented prototype to commercial quantities.

Biotechnology
Series AMar 18, 2024
Amount Raised: $6,229,177