Jubilee Capital Management
| Private | |
| ISIN | 🆔 |
| Industry | Venture Capital |
| Founded 📆 | 2015 |
| Founders 👔 | Stanley Zhang Xiangdong, Gan Fong Jek, George Gong |
| Headquarters 🏙️ | , Singapore |
Area served 🗺️ | Global; focused on Southeast Asia, China, Australia, New Zealand, Israel and the US |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Jubilee Capital Management (JCM) is a Singapore-based venture capital firm with operations in Beijing and the US, and partners in China, Asia Pacific, Europe and the United States.[1][2]
History & background[edit]
JCM was founded in 2015 by Stanley Zhang, George Gong and Gan Fong Jek to invest in companies expanding into China as well as Chinese companies looking to expand overseas and grow internationally outside their home market.[2][3]
Before founding JCM, Stanley Zhang was founder and chief executive officer of HiChina, which was acquired by Alibaba Group in 2013.[3][4] George Gong co-founded BeyondSoft, an enterprise software service provider listed on the Shenzhen Stock Exchange, while Gan Fong Jek is a senior corporate venture capital and M&A professional formerly from Temasek-owned corporations and a media company in Indonesia.[5] The founders are EMBA alumni of Tsinghua University.[4]
In 2016, the company obtained its registered fund management license from the Monetary Authority of Singapore,[6] and launched a US$100 million Jubilee Tech Fund. The fund invests in post-seed to Series A-stage startups in the technology, media and telecommunications space in Southeast Asia, China, Israel and the US, with each investment ranging between US$500,000 and US$2.5 million.[1][7]
Investments[edit]
JCM’s portfolio companies include Start (previously PPzuche), a China-based car-sharing platform founded in 2012[8] and Latitude Technologies (Latipay), an Auckland-based online payments company that enables Chinese consumers to pay for merchandise or services with yuan and merchants to receive payment to their local bank account in their local currency.[6]
See also[edit]
References[edit]
- ↑ 1.0 1.1 Cheok, Jacquelyn. "Jubilee unveils US$100m kitty for Series A startups". The Business Times. Retrieved 26 May 2017.
- ↑ 2.0 2.1 "Singapore-based VC Firm Jubilee Capital Holds First Close of Tech Fund, at $30M". FinSMEs. 3 November 2016. Retrieved 26 May 2017.
- ↑ 3.0 3.1 hermes (22 November 2016). "Fund to help S-E Asian start-ups tap China". The Straits Times. Retrieved 26 May 2017.
- ↑ 4.0 4.1 "中国万网前总裁 移居本地做"天使"". 联合早报网. 4 January 2016. Retrieved 26 May 2017.
- ↑ "Singapore-based Jubilee Capital hits first close for $100m tech-startup fund". www.dealstreetasia.com. Retrieved 26 May 2017.
- ↑ 6.0 6.1 "Fintech startup LatiPay raises US$3M from Jubilee Capital, others to expand to Singapore, US". e27. Retrieved 26 May 2017.
- ↑ "南洋电商观察". view.inews.qq.com. Retrieved 26 May 2017.
- ↑ hermes (4 April 2017). "Singapore start-ups head to China – and thrive". The Straits Times. Retrieved 26 May 2017.
External links[edit]
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