Fosun RZ Capital
Fosun RZ Capital is a venture capital investment fund and affiliate of the Fosun Group.[1] Based in Beijing, China, it was founded in 2013 and primarily invests in high-tech innovation and consumer services. Wilson Jin Hualong is the chairman.[2] The company invests in all the stages of a company’s development from early start-up to IPO.[3][4][5] The firm has over 60 portfolio companies in China, and about 10 in the US, with about $1.2 billion in assets under management, with investments in India, Israel, China, Southeast Asia and the United States.[1][6]
Selected investments[edit]
Fosun RZ was an early investor in Casstime Technologies, a platform for buying and selling auto aftermarket products. At the end of August 2018 Fosun RZ participated in Series B3 round of Casstime financing which raised a total of USD 36 million. Fosun RZ also participated earlier in a Series B round of financing.[7][8] In June 2020 the company closed a USD 50 million Series C2 round.[9]
In October 2019, DeepRoute, an international autonomous driving technology startup, raised USD 50 million in pre-Series A funding, which was led by Fosun RZ.[10][11][12]
At the end of December 2019 Fosun RZ invested in B+ round of financing in Molecular Data, a chemical industry technology-driven platform in China.[13] On July 23, 2020 Fosun RZ Capital announced the close of its inaugural science-technology innovation fund for $186 million (1.3 billion yuan.) The fund is Fosun RZ’s first independent funding attempt as a CVC (corporate venture capital) arm.[14]
Philanthropy[edit]
The company partnered with Alpine Capital to donate 20,000 Covid-19 test kits to India in April 2020. Fosun RZ had donated 5,000 medical masks previously to local schools and hospitals.[15]
References[edit]
- ↑ 1.0 1.1 "Fosun RZ Capital leads $17 million funding round in IRP Systems". The Economic Times. Retrieved 2020-08-31.
- ↑ "Fosun RZ Capital holds first close of debut sci-tech fund at $186m". DealStreetAsia. Retrieved 2020-08-31.
- ↑ "Fosun RZ Capital". Crunchbase. August 2020. Retrieved 31 August 2020. Unknown parameter
|url-status=ignored (help) - ↑ "Fosun RZ Capital". Start-Up Nation Finder. Retrieved 2020-08-31.
- ↑ "China's Fosun, others back online loan facilitator PerkFinance". VCCircle. 2018-12-11. Retrieved 2020-08-31.
- ↑ "KrASIA VC - VC Profile". vc.kr-asia.com. Retrieved 2020-08-31.
- ↑ INVESTSIZE, Organization. "China's CassTime Technologies lands $36 mln in Series B3 round". INVESTSIZE. Retrieved 2020-09-14.
- ↑ FinSMEs (2019-11-01). "Casstime Closes USD$80M Series C1 Funding". FinSMEs. Retrieved 2020-09-14.
- ↑ "China's burgeoning auto aftermarket industry sees flurry of tech investment". KrASIA. Retrieved 2020-09-14.
- ↑ "DeepRoute Raises $50 Million in Funding to Research and Develop Autonomous Vehicles". VC Bridge. 2019-10-07. Retrieved 2020-09-14.
- ↑ FinSMEs (2019-10-04). "DeepRoute Raises $50m in Funding". FinSMEs. Retrieved 2020-09-14.
- ↑ "Fosun RZ takes DeepRoute to $50m -". globalcorporateventuring.com. 2019-09-25. Retrieved 2020-09-14.
- ↑ Capital, Fosun RZ. "Fosun RZ Capital's Investment in Molecular Data Inc., provides more opportunities in the Industrial Internet market". www.prnewswire.com. Retrieved 2020-08-31.
- ↑ "Fosun RZ Capital holds first close of debut sci-tech fund at $186m". DealStreetAsia. Retrieved 2020-08-31.
- ↑ "Alpine Capital, Fosun RZ donate 20,000 Covid-19 testing kits to India". The Economic Times. Retrieved 2020-08-31.
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