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Testimonials

  • cathay capital innovation« Our open innovation partnership with Cathay Innovation is like a passport to China. It allows us to benefit from their strong local deal flow and to possibly co-invest. The fund is a unique platform for introductions to the best innovative companies and gives us the capacity to do real business development with them. »

    François-Xavier Meyer,
    Vice-president of SEB Alliance

  • cathay capital innovation« A good investor is not only a lubricant and a catalyst for portfolio companies’ activities, but also a close and trustworthy partner on the road to success. Cathay Capital is such an investor! »

    Tingjun YOU,
    Founder and CEO of LUMI

  • cathay capital innovation« We are delighted to have Cathay Capital as partner supporting our global growth. Our strategic visions are perfectly aligned and we are excited to achieve dynamic growth on multiple continents as we develop innovative ergonomic and mounting solutions to satisfy expanding demand for products that improve health, wellness and productivity.  »

    David Fox ,
    CEO of Innovative Office Products

  • cathay capital innovation« The strategic positioning of Cabio is to become an invisible champion of the niche market for high-end food ingredients based on highly effective biological technology. Cathay Capital has extensive resources and practical experience in the cross-border investment field and food industry, which will provide a strong support for Cabio`s development, especially in helping the company’s development on international market. We are confident that together with Cathay Capital, Cabio will be developed into a world-class provider for premium nutrition and food ingredient solutions. »

    Dewei Yi,
    Founder and President of Cabio

  • cathay capital innovation« By acting as a trusted shareholder, Cathay Capital has helped to strengthen mutual understanding and to secure our relationships with French partners. Thanks to Cathay Capital’s valuable role, Suofeiya today represents a real success story, which has successfully completed its IPO and continues to push forward its development with dynamism. »

    Ke Jiansheng,
    Suofeiya

  • cathay capital innovation« The close involvement of the Cathay Capital team with our activities allowed us to pursue our growth at a sustained level and to reach a higher level in terms of our international development, particularly in Asia. »

    Alexandre Crazover,
    Datawords

News

  • FuturMaster chooses Cathay Capital to accelerate its ambitious growth strategy Read more

    FuturMaster chooses Cathay Capital to accelerate its ambitious growth strategy

    Paris, June 30, 2020

    FuturMaster and Cathay Capital today announced the acquisition by Cathay Capital of a minority stake in FuturMaster, alongside Bo Zhou, the company's Founder and Chairman. Thanks to this first funding round, FuturMaster will benefit from Cathay Capital's strategic and financial support to accelerate the development of SaaS solutions and its global expansion.

    A Supply Chain Planning and Trade Promotion Management specialist, FuturMaster has been designing and setting up innovative supply chain management solutions for large international companies in sectors such as foods, cosmetics, distribution, health, and consumer goods for more than 25 years. Recognized as a major Sales & Operations Planning and Supply Chain Planning actor in Gartner's Magic Quadrant, FuturMaster offers modular software solutions applicable end-to-end across the supply chain, from sales forecasting, distribution planning to procurement and industrial planning.

    Thanks to continuous improvements in the quality of service and innovations in the fields of operational research and artificial intelligence, the company was able to position itself as a key sectorial player. Based in France, the company has subsidiaries in the UK, China and Singapore, and reseller partners in Germany, Australia, and Brazil. Today, FuturMaster benefits from a portfolio of more than 600 prestigious customers in more than 90 countries, including L'Oréal, Heineken, Lactalis, Mars Royal Canin, Nestlé Yinlu or Sanofi.

    Cathay Capital's investment seeks to accelerate FuturMaster's international development, especially in Europe and Asia, with a particular focus on China, while consolidating current positions. It will also further strengthen the successful transition to SaaS solutions. Especially during this global health crisis, FuturMaster was able to demonstrate to its customers the crucial importance of its solutions and to meet the growing challenges of supply, production, and distribution in an uncertain and volatile environment.

    Bo Zhou, President and Founder of FuturMaster: “FuturMaster has been self-financed since its foundation. For this first fundraising in our history, Cathay Capital seemed the most natural partner to help us go further and faster thanks to its team's expertise in the world of software and supply chain, and its international footprint in Europe, Asia and the United States.”

    Jérémie Falzone, Partner at Cathay Capital: “We are delighted to have earned the trust of Bo and his team and to support them in this crucial next step. We have been following the supply chain software industry for a long time, and FuturMaster in particular. We are convinced that FuturMaster is well positioned in an increasingly complex global environment. Indeed, we see a strong trend toward the adoption of decision support systems in the field of Supply Chain Planning, which can generate considerable savings while improving the efficiency of supply chain processes.”

     

    About FuturMaster

    Providing artificial intelligence (AI) augmented supply chain solutions, FuturMaster helps clients achieve service excellence, growth in revenue and profit. More than 600 customers, representing over 10,000 users across 90 countries, trust FuturMaster to optimise their end-to-end supply chain (demand, supply and S&OP) and improve their business performance. With over 25 years of expertise, FuturMaster solutions have been deployed at global leaders in multiple industries, including Sanofi, Lactalis, Heineken and L’Oréal. Founded in 1994, FuturMaster has offices in France, the UK, Singapore, China and distributors in Germany, Australia and Brazil.

    www.futurmaster.com

    About Cathay Capital

    Cathay Capital Group is a global investment platform specialized in cross-border development with a focus on Northern America, Asia, Europe and Africa. The group identifies investment opportunities with the potential to impact the world and accompanies portfolio companies in their international expansion through its ecosystem of partners and the local expertise of its close to 100 employees based in Paris, Shanghai, Beijing, New York, San Francisco, Munich, Tel Aviv and Singapore. Founded in 2007, the Group has completed over 140 buyouts, growth and venture capital investments and manages €3.5 billion in assets, distributed in a range of investment strategies and vehicles.

    For more information, please visit www.cathay.fr

    Follow us on LinkedIn, Twitter @CathayCapital

  • Alkemics the supplier-retailer collaboration platform raises €21M as online grocery sales soar Read more

    Alkemics the supplier-retailer collaboration platform raises €21M as online grocery sales soar

    • Investment will assist European grocers and FMCG suppliers to respond to the necessary digitization of commerce during and after covid-19 crisis
    • Alkemics to launch in Scandinavia, Germany and Benelux
    • Highland Europe leads latest fundraising

    Paris, June 11, 2020 – Alkemics, a platform enabling brands to launch products with retailers, has raised €21 million in a Series C funding round, as it experiences soaring demand from grocers and suppliers responding to the rapid shift to omnichannel shopping.

    Growth stage fund Highland Europe has joined the company’s investors, while Cathay Innovation, Index Ventures, SEB Alliance and Serena Capital have renewed their support. Analysts now expect the online grocery market to grow by 25% in 2020, having seen sales leap by 30% during April. [1]

    Since raising €20 million in 2016, Alkemics has worked with France and the UK’s largest grocery retailers (including E.Leclerc, Intermarché, Casino, Tesco and Ocado) to digitise their commercial processes with more than 17,000 brands. The platform connects retailers like Intermarché and Tesco to multinational suppliers such as Nestlé, as well as small local producers. In 2019, more than 7.5 million messages were exchanged through the platform.

    Building on three years of collaboration and innovation with the company’s key clients, the Alkemics platform has digitised the different stages of supplier-retailer relations: product discovery, listing, and sales across all channels. As consumers increasingly demand very detailed information and greater transparency about the products they consume, Alkemics has proved to be the ideal tool for retailers and suppliers who need to share rich information quickly and consistently.

    An ever-faster digital transformation for businesses

    The COVID-19 crisis has shown how manufacturers and retailers need to be able to react and collaborate in real-time to meet consumer needs. Using Alkemics, retailers were able to rapidly source substitutes for out-of-stock products and secure new lines of supply. As pressure grew on supply chains, exacerbated by remote working, many suppliers began using the platform to start conversations with retailers and to sell their excess products.

    Our aim is to make B2B business quick, easy and interactive. Any manufacturer should be able to put a product on the market as easily as if they were posting a message on a social network, and any store should be able to find the products that consumers are looking for by simply searching through an app,” explained Antoine Durieux, Co-founder and CEO of Alkemics. The Alkemics platform is helping thousands of suppliers and retailers across Europe to work closely together, to simplify their collaboration, to speed up products go-to-market and to ensure that product data is always as transparent and up to date as possible”.

     

    Towards a Europe-wide business platform

    Already well-established in France and in the UK, Alkemics will use the new funds raised to launch in other parts of Europe, beginning with Germany, Benelux and Scandinavia.

    The last two months have demonstrated to everyone how retail technology is a critical part of our infrastructure. Alkemics’ high level of technological functionality and ultra-flexible data model can tackle all different verticals in the retail industry. And is therefore able to respond rapidly and effectively to unprecedented levels of demand, at the outset of the coronavirus pandemic in Europe. As things start to return to normal, retailers and suppliers will want to continue with this new digitized collaboration through the platform, which has helped to increase their productivity as well as ensuring that the shopper has all the information they need to make an informed purchase,” Tony Zappala, Partner at Highland Europe, said.

    Since 2016, we have been supporting the talented team at Alkemics. We share their vision of making B2B commerce more agile and transparent. Alkemics has already performed major developments in recent years and its successful implementation in the UK demonstrates the platform's international potential. We are delighted to reinforce our commitment to enable Alkemics to continue to accelerate its international expansion,” adds Jacky Abitbol, Partner at Cathay Innovation, which is supporting the digital transformation of retail with - in addition to Alkemics - investments in PinDuoDuo and Glovo.

    Michel-Edouard Leclerc, President of the leading distribution network in France, E.Leclerc, said of the retail tech company (via linkedin - 12/2019): “Alkemics has understood the need for collaboration, centralisation and simplification in retail, and has truly contributed to the public good through their work! In 2019, all of E-Leclerc’s entities began using Alkemics to communicate with their suppliers (from SMEs to multinationals). And this is a true virtuous circle that benefits our consumers, as product information can also be used in consumer apps! Alkemics has become the indispensable platform for retail.”

    -------

    [1] https://www.theguardian.com/business/2020/may/05/uk-online-grocery-sales-lockdown-internet-coronavirus

     

    About Alkemics:

    Alkemics enables suppliers and retailers to share product data (composition, packaging data, labels, visuals, rich content, etc.) via a secure platform. Large retailers (E. Leclerc, Intermarché, Casino, Metro, Tesco, Ocado and more) use the platform to discover, list or launch products from more than 16,000 brands. Brands and suppliers use the platform to increase their visibility among retailers, as well as to offer greater transparency to their consumers, as they can share their product catalogue across all types of channels. With a team of 90 people, the French scale-up offers a variety of career opportunities in France and in Europe, and has recently joined the Soonicorn Club 2020 by Tracxn.
    The last fundraising of €20 million (one of the 10 largest in the IT sector in France in 2016) was led by Cathay Innovation and Serena Capital, in collaboration with Index Ventures, Partech and SEB.
    For more information, visit https://www.alkemics.com

    About Highland Europe:

    Highland Europe invests in exceptional growth-stage software and internet companies. Active in Europe since 2003 as Highland Capital Partners and formally launched in 2012, Highland Europe has raised over €1 billion and has invested in companies such as Adjust, Bitmovin, ContentSquare, Featurespace, GetYourGuide, JobTeaser, Malwarebytes, MatchesFashion, NewVoiceMedia, Nexthink, Smartly.io and WeTransfer. Highland’s collective history of investments across the US, Europe and China includes 46 IPOs and 19 billion-dollar-plus companies.

    To learn more, visit: www.highlandeurope.com


    About Cathay Innovation:

    Cathay Innovation is a global venture capital partnership, created in affiliation with Cathay Capital. It was founded around the shared conviction that supporting innovation entrepreneurs by providing them with a platform bridging 3 continents – North America, Europe and China – constitutes a particularly powerful value-creation strategy. As a multi-stage fund, Cathay Innovation partners with visionary entrepreneurs, committed to the sustainable transformation of the world through innovation and technology. Such transformation is accelerated by leveraging Cathay Capital extensive network with corporates and solid experience in operational excellence. Cathay Innovation has offices in San Francisco, Paris, Beijing, Shanghai and Singapore.

    To learn more, please visit www.cathayinnovation.com or follow us on Twitter @Cathayinnov.

    About Serena Capital:

    Created in 2008 by Marc Fournier, Philippe Hayat and Xavier Lorphelin, Serena Capital is an investment firm renowned in France and across Europe, managing more than €250M of investment.  Specialising in the market of digital innovation (Internet & Media, Mobile & Telecom, Software, Big Date, Electronics), the company currently invests up to €15M in innovative, rapidly-growing businesses (e.g., AramisAuto, Augure, Cheerz, Lafourchette, Melty Group, Prestashop, SanteVet, TextMaster, Worldstores).

    About Index Ventures:

    Index Ventures is a multi-stage international venture capital firm that backs the best and most ambitious entrepreneurs in the US, Europe and Israel. These leaders are building truly transformative companies that are reshaping the world around us, including ASOS, BlaBlaCar, Criteo, Dropbox, Etsy, Funding Circle, Just Eat, King, Squarespace, Sonos, SoundCloud and Supercell – among many others. Find out more about Index and its companies at www.indexventures.com.

     

    About SEB Alliance:

    SEB Alliance is the corporate venture company of Groupe SEB, the world leader in small domestic equipment, Groupe SEB operates in nearly 150 countries with a unique portfolio of top brands including Tefal, Rowenta, Moulinex, Krups, Lagostina, All-Clad, and Supor, marketed through multi-format retailing. Selling some 200 million products a year, it deploys a long-term strategy focused on innovation, international development, competitiveness and customer service. Groupe SEB has more than 25,000 employees worldwide. Groupe SEB has created SEB Alliance to prepare for coming changes in the small domestic equipment market and to extend its innovation strategy to new technologies and expertise. With an initial capital of € 30 million, the fund will prioritize minority stake investments in innovative companies with high technological content or new business models.  Find more information about SEB Alliance on www.seballiance.com.

    -------

    [1] https://www.theguardian.com/business/2020/may/05/uk-online-grocery-sales-lockdown-internet-coronavirus

    Media Contacts:

    Alkemics : Carine Lennuyeux - 06 84 10 73 02 - carine.lennuyeux@rp-aucarre.com
    Cathay Innovation : Yoann Besse - 06 63 03 84 91 - yoann.besse@citigatedewerogerson.com

  • Cathay Smart Energy Fund Completes First Closing to Fight Against Climate Change and Support Innovative Carbon Neutral Energy Solutions Read more

    Cathay Smart Energy Fund Completes First Closing to Fight Against Climate Change and Support Innovative Carbon Neutral Energy Solutions

    Paris, June 9, 2020 - Cathay Smart Energy, a joint Fund established by Cathay Capital, Total Carbon Neutrality Ventures, and Hubei High Technology Investment Guiding Fund Management Co., Ltd., today announced the success of its first fundraising, closing at RMB 820 million (USD 120m / EUR 100m). Participants include cornerstone founding investors alongside other prestigious participants such as Air Liquide, a world leader in gases, technologies and services for Industry and Health, French shipping giant CMA CGM Group, and Wuhan Jingkai Industry Investment Fund Management Co., Ltd.

    Cathay Smart Energy Fund will invest single tickets ranging from RMB 30 million to RMB 100 million in new technologies and new business models in the Chinese energy sector, with a particular focus on energy Internet, energy storage, energy efficiency, distributed energy, energy solutions for new energy vehicles including electric and hydrogen vehicles, renewable energy and low-carbon and carbon neutrality technologies.

    Energy is the essential foundation of development in all countries and Cathay expects demand to continue its rapid growth, especially since China, the largest energy consumer in the world, is still accelerating its industrialization and urbanization. However, a great paradigm shift toward a sustainable, decarbonized energy sector is taking place thanks to technological breakthroughs, changing economic models, and the rise of environmental awareness. To accompany this shift, China’s government is rolling its 13th “Five-Year Plan”, “Belt and Road Initiative”, “Made in China 2025” and ‘New Infrastructure’ strategies and establishing a friendly policy environment to facilitate the entrance of innovative enterprises and usher in a renewal of the energy industry.

    Thanks to Cathay’s cross-border expertise and its longstanding focus on China, the investment team has already identified many innovative companies that are reshaping the energy sector with digital, chemical, storage, or distribution technologies and leveraging technological mergers to fuel progress towards a highly efficient and decarbonized energy landscape. Cathay Smart Energy Fund will rely on Cathay Capital’s global investment platform bridging four continents (Asia, Europe, America and Africa) to connect global energy leaders with outstanding local start-ups and industrial players.

    The Fund has already carried out its first investment in ALLSENSE Technology, an innovative IoT solutions provider currently specialized in the digitization and optimization of China’s thermal power industry. Thanks to cutting-edge data collection tools integrated across the industrial ecosystem, ALLSENSE can create a digital twin and calculate in real time the most optimal parameters and direct processes accordingly, thus saving millions of RMB for its clients and contributing to cleaning China’s energy industry.

    “Our investment in Cathay Smart New Energy Fund is in line with Total’s strategy to support innovative carbon neutral energy solutions”, stated Girish Nadkarni, CEO of Total Carbon Neutrality Ventures. “China has grown into the world's leading clean and sustainable energy player and has become an obvious strategic focus for Total Carbon Neutrality Ventures.”

    With a strong tradition in car manufacturing, Hubei Province has accumulated considerable technological know-how and grown a mature development network. Yuanchu LI, General Manager of Hubei Provincial High Technology Industry Investment Group Co., Ltd., said: “Hubei Province is actively promoting the transformation of its energy infrastructure. This cooperation with Cathay Capital and the partnership with Total, a world-class energy leader, is another step taken by the province towards a productive integration of foreign capital within Hubei Province. Through this strategic partnership, we will closely collaborate with all parties to serve the development of Hubei’s smart energy industry.”

    Matthieu EYRIES, Managing Director, ALIAD - Air Liquide Venture Capital, said: “We are honored to be part of this partnership led by Cathay and gathering such world-class and engaged contributors to the energy transition in China and globally. Through this first fund investment in China, we intend to foster our innovation strategy with start-ups in one of the most active and fast-transforming innovation ecosystems. I am convinced that this collaboration will help bring to market the most promising technologies aiming at decarbonizing energy production, transportation, storage and usages.”

    Mingpo CAI, the founder and chairman of Cathay Capital, concluded: “China’s energy industry is undergoing profound changes triggered by digitalization. Standing at this historical point in time, Cathay’s Smart Energy Fund will build and strengthen the connections between the energy sector’s superpowers and the smaller players developing technologies from the ground up. This requires a systematic assessment of the industrial landscape to identify companies with great potential but also a deep understanding of the local stakes and global trends, for instance the ecological prism, to select the best strategies. Cathay will leverage its capital, its industrial resources and international influence to accelerate the growth of its participation and partners, and China’s transition towards a clean and digitized energy system.”

    About Cathay Capital Group

    Cathay Capital Group is a global investment platform specialized in cross-border development with a focus on Northern America, Asia, Europe and Africa. The group identifies investment opportunities with the potential to impact the world and accompanies portfolio companies in their international expansion through its ecosystem of partners and the local expertise of its close to 100 employees based in Paris, Shanghai, Beijing, New York, San Francisco, Munich, Tel Aviv and Singapore. Founded in 2007, the Group has completed over 140 buyouts, growth and venture capital investments and manages €3.5 billion in assets, distributed in a range of investment strategies and vehicles.

    For more information, please visit www.cathay.fr

    Follow us on LinkedIn, Twitter @CathayCapital

    About ALIAD

    Created in 2013, ALIAD (Air Liquide Venture Capital) aims to take minority stakes in innovative technology start-ups in three sectors: energy transition, health and digital. ALIAD positions itself on the technologies of the future by supporting the development of start-ups, through its industrial and technological experience and its knowledge of customers around the world. These investments are accompanied by the implementation of technological and/or business agreements between these new companies and the entities of the Air Liquide Group.

    www.airliquide.com

    Twitter @airliquidegroup

    About Total Carbon Neutrality Ventures

    Total Carbon Neutrality Ventures is the venture capital arm of Total.

    As part of Total's commitment to a better energy future, Total Carbon Neutrality Ventures is focused on finding, funding and fostering high-potential start-ups which will contribute to creating a low carbon future.

    Current areas of interest include Renewables, Distributed Energy, New Mobility, Energy Access, Energy Storage, Bio-Plastics & Recycling, Artificial Intelligence, and IoT.

    www.ventures.total/en

    About Hubei High tech 

    Hubei High Technology Investment Guiding Fund Management Co., Ltd., which was established in July 2016, is a fully-owned subsidiary of Hubei Provincial High Technology Industry Investment Co., Ltd. It is mainly responsible for guiding the operations and management of funds entrusted by the local government. The Company today manages 3 guiding funds, representing RMB 5.8 Billion in AUM and had created nearly 30 sub-funds as of December 2017, representing a scale of over RMB 12 Billion. Over 150 investments have been made with these sub-funds, mainly to upgrade traditional, strategic and emerging industries but also modern and pension services, in order to amplify the key role of financial funds and to drive the development of key industries in the Hubei Province.

    Contact Media Cathay Capital

    Yoann Besse

    Tel: +33 (0)6 63 03 84 91

     yoann.besse@citigatedewerogerson.com

  • Sanofi joins hands with Cathay Innovation to access transformative innovation in healthcare technology Read more

    Sanofi joins hands with Cathay Innovation to access transformative innovation in healthcare technology

    Shanghai, Paris – June 9, 2020 - Sanofi announced today a strategic investment in Cathay Innovation, a global venture capital fund created to support entrepreneurs engaged in the sustainable transformation of the world through innovation and technology. 

    Through this partnership, Sanofi will strengthen its connection to innovative global ecosystems in healthcare, particularly in China, which is the second largest market of the group and a strategic priority in terms of development and innovation.

    “As a top priority country for Sanofi, China has impressed us with its dynamic market development and fast progress in digital innovations, demonstrating the potential of becoming a pioneer in digitalized economy,” said Olivier Charmeil, Executive Vice President, Head of General Medicines at Sanofi. “In this context, our strategic partnership with Cathay Innovation will help us access the latest innovations in healthcare technologies, and ultimately translate these into real benefits for the Chinese healthcare system, and people in China and around the world. This partnership marks an important milestone towards our ambition of becoming a leading innovation driver, and demonstrates our commitment to contributing to a strong economy of China.”

    By leveraging diversified expertise and capabilities of different industries, Cathay Innovation built a unique platform where the disruptive start-ups and industry leaders such as Sanofi can find each other and combine their complementary strengths to create new transformative innovations for the society. Through Sanofi's strong expertise in healthcare and through Cathay Innovation’s global platform, entrepreneurs will benefit from this compelling approach that bridges geographies and industries, to improve their innovations and accelerate their development.

    “Passionate about improving lives of patients, we are pleased to collaborate with Cathay Innovation and leverage their experience in investment and entrepreneur selection. This strategic partnership will support us on our journey to become a key innovation driver in China, as well as offer us a new way to engage the dynamic innovation ecosystem of health tech start-ups in China,” said Pius S. Hornstein, PhD, General Manager General Medicines and Country Lead, Sanofi China. “When our deep expertise in healthcare meets their novel ideas, we are confident that we can bring more innovative and meaningful solutions which will transform healthcare and bring real benefits to people in China and across the globe.”

    “Building on our strength of identifying visionary entrepreneurs that are inventing the fourth industrial revolution, we are convinced that we will develop a partnership of exceptional quality with Sanofi. We will work closely to leverage new emerging health trends by collaborating with the most promising start-ups in health sector,” said Mingpo Cai, Founder and President of Cathay Capital. “We are more than happy to provide Sanofi with the support of the entire Cathay Capital group to drive transformative innovations in the evolving healthcare ecosystem in China and globally.”

    Sanofi has been active in incubation of promising healthcare solutions in the recent years. The Innovation Hub Sanofi established two years ago is now an important accelerator to help local start-ups bring innovative ideas into life.

    By accelerating introduction of innovative medicines and vaccines and driving digital innovations, Sanofi is committed to making a real difference to the lives of the Chinese people.

      

    About Sanofi China

    Sanofi is a leading global biopharmaceutical company focused on human health. In 1982, Sanofi opened an office in China as one of the first multinational corporations to support China’s opening up and reform. Sanofi China has a diversified business that ranges from pharmaceuticals and human vaccines to consumer healthcare. We have 12 offices, 4 R&D sites, 3 production sites and 1 digital innovation hub in China. Sanofi is committed to introducing innovative medicines and vaccines faster in China, and leading digital innovations to serve the broadest base of the Chinese people.

    For more information, please visit www.sanofi.cn or subscribe to the Sanofi China official WeChat account: SanofiChina (赛诺菲中国) and LinkedIn account: Sanofi.

    About Sanofi

    Sanofi is dedicated to supporting people through their health challenges. We are a global biopharmaceutical company focused on human health. We prevent illness with vaccines, provide innovative treatments to fight pain and ease suffering. We stand by the few who suffer from rare diseases and the millions with long-term chronic conditions.

    With more than 100,000 people in 100 countries, Sanofi is transforming scientific innovation into healthcare solutions around the globe.

    Sanofi, Empowering Life

    About Cathay Innovation

    Cathay Innovation is a global venture capital partnership, created in affiliation with Cathay Capital. It was founded around the shared conviction that supporting innovation entrepreneurs by providing them with a platform bridging 3 continents – North America, Europe and China – constitutes a particularly powerful value-creation strategy. As a multi-stage fund, Cathay Innovation partners with visionary entrepreneurs, committed to the sustainable transformation of the world through innovation and technology. Such transformation is accelerated by leveraging Cathay Capital extensive network with corporates and solid experience in operational excellence. Cathay Innovation has offices in San Francisco, Paris, Beijing and Shanghai.

    To learn more, please visit www.cathayinnovation.com or follow us on Twitter @Cathayinnov.

    About Cathay Capital Group

    Cathay Capital Group is a global investment platform specialized in cross-border development with a focus on Northern America, China, Europe and Africa. The group identifies investment opportunities with the potential to impact the world and accompanies portfolio companies in their international expansion through its ecosystem of partners and the local expertise of its close to 100 employees based in Paris, Shanghai, Beijing, New York, San Francisco, Munich, Tel Aviv and Singapore. Founded in 2007, the Group has completed over 140 buyouts, growth and venture capital investments and manages €3.5 billion in assets (as of 30/05/2019), distributed in a range of investment strategies and vehicles.

    For more information, please visit www.cathay.fr and follow us on Twitter @CathayCapital and on LinkedIn Cathay Capital.ed to

  • MEDWING closes €28M in financing to accelerate healthcare system digitalization Read more

    MEDWING closes €28M in financing to accelerate healthcare system digitalization

    • Successful series B funding round led by Cathay Innovation, Northzone, Atlantic Labs, Cherry Ventures and Adevinta
    • MEDWING is the leading health-tech company for recruiting and personnel management in the European healthcare sector
    • With more than 200,000 healthcare professionals, MEDWING manages the largest pool of expert personnel in the European healthcare industry.
    • More than 2,500 hospitals and nursing homes in Germany rely on the MEDWING matching platform and personal consulting

    Berlin, 26 May 2020 – MEDWING (medwing.com), one of Europe's technologically leading health-tech companies, has successfully closed its 28 million EUR series B financing round, led by Cathay Innovation, with participation from existing investors Northzone, Atlantic Labs, Cherry Ventures and Adevinta. For Cathay Innovation, a global venture capital fund based in San Francisco, Singapore, Shanghai and Paris, this is its first investment in a German company.

    MEDWING's mission is to make working in the healthcare sector more attractive and to solve the shortage of healthcare personnel. The Berlin-based company wants to empower the candidates to work in a way that suits their individual lifestyles and to support hospitals and care facilities in recruiting and human resource management. This is achieved through the combination of innovative matching, communication technology and personal consultation.

    According to the World Bank, the global shortage of health professionals is expected to rise to around 20 million by 2030. In Germany, according to a survey by the Ipsos Institute, 6 out of 10 Germans (61%) believe that the shortage of healthcare professionals is the main issue of the German healthcare system.

    This creates the need to make better use of existing personnel, avoid misplanning and increase transparency. MEDWING offers digital solutions for this purpose, aiming to become the leading one stop shop for jobs in the healthcare sector.

    With more than 200,000 professionals registered with MEDWING and 2,500 partner hospitals, nursing homes and medical practices nationwide, the technology company, founded in Berlin in 2017 by Johannes Roggendorf and Dr. Timo Fischer, operates the largest personnel pool and the most modern job matching system for the European healthcare sector. Every month, the company registers more than 15,000 new candidates, places over 100 health care experts in permanent positions and fills more than 2,000 individual shifts via its own platform.

    MEDWING will use the new capital from the financing round primarily to expand its technological lead and to develop further features, products and services that are specifically aimed at health professionals, and at hospitals and care facilities. The capital will also be used to expand its international business and team. Currently, MEDWING operates in Germany, France and the UK, with further countries to follow, and has a team of over 200 employees from over 30 countries.


    At the moment MEDWING is also leveraging its technology pro bono in the fight against the coronavirus, placing nurses, doctors and non-medical volunteers in hospitals, nursing homes and private households that need support, as part of the initiative “WIR WOLLEN HELFEN” (wirwollenhelfen.com). With this nationwide initiative in Germany, the company is not only providing concrete help in times of need right now, but is also managing to reactivate the "hidden labour force" and build up a stand-by pool for society in the long term. This means that help can be provided quickly and effectively in the event of a crisis. Within a month, over 10,000 professionals and volunteers have already registered with the initiative.

    Johannes Roggendorf, Founder and Managing Director at MEDWING: "Our goal is to address the global shortage of healthcare workers and to improve access to healthcare globally. Today, we have the technology to think and live healthcare completely differently – making it better for everyone. For example, we can balance work and family life for healthcare professionals in a way that no one needs to be stressed out anymore. We make it possible for well-trained nursing staff who give up their job after a few years and do something completely different to return to their actual calling. It is not acceptable that hospital wards have to be closed due to staff shortages. We solve these important societal challenges. A goal that we share with our investors."

    Dr. Timo Fischer, Founder and Managing Director at MEDWING: "Many healthcare systems around the world are facing similar challenges. The question is: how can we simultaneously ensure high-quality and successful patient care, satisfied and motivated staff and high cost efficiency in the operating business for hospitals, nursing homes and doctors' practices? The answer is: with the right technology and individual advice.  This is exactly what defines us at MEDWING.“

    Jacky Abitbol, Partner at Cathay Innovation: "The digitalisation of work and digital health are among Cathay Innovation's core investment themes. MEDWING stands exactly at this crossroad and it is therefore no coincidence that with the returning of Costanza Carissimo to Europe, we chose the company for our first investment in Germany. MEDWING’s platform has already brought positive changes to the recruitment, human resources management and care of many hospitals and institutions, especially highlighted during this covid-19 crisis. We strongly believe in Johannes and Timo’s vision and are excited to leverage our global platform to support them as they expand further across Europe."

    Michiel Kotting, Partner at Northzone: "The healthcare sector is under increasing pressure. MEDWING offers candidates and healthcare providers a platform that improves the experience of finding and retaining talent. It is a turning point in an industry dominated by fragmented and non-digital incumbents. Johannes and Timo have a deep understanding of the market and are well positioned to build a market leader in this area. This approach has convinced us from the very beginning".

    ABOUT MEDWING
    MEDWING (medwing.com) is Europe's technologically leading job matching and career consulting company for all healthcare professionals. A modern technology company that uses the advantages of digitalization and automation to make the matching process between professionals and hospitals or care facilities as timely, efficient, transparent and simple as possible for all parties involved. Our aim is to make working in the health care professions more attractive and to eliminate the shortage of personnel in the healthcare system. We want to enable every candidate to work the way they want to. To achieve this, we rely on innovative technology and personal contact. As a digital health company we are growing rapidly and currently have around 15,000 new registrations per month, over 100 professionals find a new job in the health industry every month and over 2,000 shifts are placed each month. With over 200,000 trained professionals, we have one of the largest pools of employees for medical and nursing professions in Germany and Europe. We currently work with more than 2,500 hospitals and nursing homes, thus helping to avoid staff shortages. MEDWING, founded in 2017 by Johannes Roggendorf and Dr. Timo Fischer, is active not only in Germany, but also in France and the UK and currently employs around 200 people from over 30 nations. Business Insider put MEDWING on the "Watchlist der 20 vielversprechendsten Unternehmen", at the beginning of this year, LinkedIn voted us the “Top Startup 2019” in Germany. During the Corona crisis MEDWING initiated the nationwide pro bono initiative “WIR WOLLEN HELFEN”.

    ABOUT CATHAY INNOVATION
    Cathay Innovation (cathayinnovation.com) is a global venture capital fund, created in affiliation with Cathay Capital Private Equity. It was founded around the shared conviction that supporting digital entrepreneurs by providing them with a platform bridging 3 continents – North America, Europe and China – constitutes a particularly powerful value-creation strategy. As a multi-stage fund, Cathay Innovation partners with visionary entrepreneurs, committed to driving change through technology. Such transformation is accelerated by leveraging Cathay Capital Private Equity's extensive network with corporates and solid experience in operational excellence. Cathay Innovation has offices in San Francisco, Paris, Beijing, Shanghai and Singapore. To learn more, please visit cathayinnovation.com or follow us on Twitter @Cathayinnov.

    ABOUT NORTHZONE
    Northzone (northzone.com) is an early stage venture capital fund built on experience spanning multiple economic and disruptive technology cycles. Founded in 1996, Northzone has to date raised nine funds and invested in more than 150 companies, including category-defining businesses like  Spotify, iZettle, Avito, Kahoot!, Klarna, Trustpilot among others.

    Media Contact
    MEDWING GmbH
    Sophie-Theres Guggenberger
    Press and Public Relations | Company Spokeswoman
    Rosenthaler Straße 63-64
    10119 Berlin
    Germany
    sophie.guggenberger@medwing.com
    +49 (0)30 549 082 926
    +49 (0)157 923 968 05

     

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