Innovation Fund

250 M€

Size

2016

Closing date
of the last vintage

5 M€ to 25 M€

Equity Investment
in startups

Type of investment

multistage venture capital investments

Partners in charge

Ming-Po Cai

Founder and President of Cathay Capital

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Denis Barrier

Managing Partner and Co-Founder of Cathay Innovation

Based in San Francisco

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Lanchun Duan

Managing Partner

Based in Shanghai

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Jacky Abitbol

Partner of Cathay Innovation

Based in Paris

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Nicolas du Cray

Partner of Cathay Innovation

Based in Shanghai

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Ming-Po Cai

Founder and President of Cathay Capital

Ming-Po CAI is the Founder and President of Cathay Capital, the leading global investment firm created by Entrepreneurs for Entrepreneurs and an expert in creating value through cross-border investment across China, Europe and North America. Cathay Capital, founded by Ming-Po CAI with his business partner Edouard Moinet in 2006, is fully dedicated to helping its portfolio companies’ management teams to succeed beyond their original borders and to accelerate cross-border growth strategies. Cathay Capital’s team of nearly 80 – including 16 partners – is based in Shanghai, Beijing, Paris, Munich, New York, San Francisco, as well as in Tel Aviv, and leverages on Cathay’s unique business model and platform to connect local ecosystems on three continents.

Mr. CAI has more than 20 years of cross-border investment experience and deep expertise in developing China-entry strategies for multinational companies, and in globalization strategies for Chinese companies expanding internationally. Ming-Po Cai today sits on the Boards of several Cathay Capital’s portfolio companies.

 

Under Ming-Po CAI’s leadership, Cathay Capital has grown to more than USD 2.5 billion in assets under management and has invested in 85 companies across three continents, including tens of star companies such as Suofeiya, Zbom, Meinian Onehealth, Moncler, Poten, Aihuishou, Jingrui, and startups like PDD, Drivy, Ledger, Magmode, Shopal, Trifacta, Glovo, Owkin and Chime Bank. Cathay Capital has a range of ten funds in three series: smallcaps, midcaps and innovation fund. Cathay Capital focuses on industries including consumer goods, healthcare, advanced technologies, TMT and mobility.

Ming-Po CAI holds a Master degree in Management from EM Lyon in France and an EMBA from China Europe International Business School (CEIBS) in Shanghai, China.

 

 

Denis Barrier

Managing Partner and Co-Founder of Cathay Innovation

Denis is co-founder and CEO of Cathay Innovation. 

Prior to Cathay, he was at Iris Capital where he managed the international activities of the Orange/Publicis fund. He has also been the Head of Corporate Venture at Orange Telecom, and a Managing Director at Innovacom. He has also worked as an Officer at the French Treasury Department, in charge of all the Sovereign holdings in Aerospace, Defense, and Media companies.

Denis has a deep technical background and started as a Researcher in the laboratories of Orange Telecom, working mainly on semiconductor quantum dots. He holds a Ph.D. in solid state Physics, is a graduate of Ecole Normale Supérieure, and is an engineer of Ecole Nationale Supérieure des Télécommunications. He has also been a Member of the French Council for Entrepreneurship and of Corps des Mines.


 



Lanchun Duan

Managing Partner

Lanchun is a Managing Partner of Cathay Capital, based in Shanghai.

Lanchun joined Cathay Capital in 2010, and brings to the firm 10 years of audit and transaction services experience in China.

Prior to Cathay Capital, Lanchun was an Associate Director with Deloitte & Touch Corporate Finance in China. In her role, she led the financial review and valuation of M&A targets, and assisted with regulatory compliance and structures of deals, for many corporate and private equity firms. Representative clients included 3i, Blackstone, Carlyle, Merrill Lynch, SAIF Investment, Sumitomo, Shell, Iveco, Baosteel, China Resources, Jinjiang Group, Shanghai Auto Industrial Group.

Previously, Lanchun was an Assistant Business Manager of Brian Jessel BMW in Vancouver, Canada. Prior to that, and out of undergraduate school, Lanchun spent 3 years as a Senior Accountant at PricewaterhouseCoopers in Beijing, where she performed IPO audits for large Chinese companies.

Lanchun holds a bachelor degree in Accounting from the Central University of Finance and Economics in Beijing. She is also graduated from the Simon Fraser University Business School in Canada, and CEIBS in Shanghai (executive MBA).

 

 

Jacky Abitbol

Partner of Cathay Innovation

Jacky Abitbol works as a Partner of the Cathay Innovation fund within Cathay Capital. He benefits from over 17 years of advisory and operational experience in Telecommunications, Medias and Technology, with a particular expertise in venture capital and corporate development.

Prior to joining Cathay Capital, Jacky was a Venture Partner with Iris Capital in Israel from 2012 to 2015. In this role, he was responsible for identifying investment opportunities for Iris Capital and monitoring local portfolio companies.

In addition Jacky headed the Corporate Development activity for Orange startups program.

Before, he was Vice President for Corporate Development at Orange Digital from 2012 to 2013 and Investment Director at Orange Capital (now Iris Capital) from 2011 to 2012.

Previously, Jacky Abitbol was Business Development & Sales Director for the mobile division of SanDisk from 2006 to 2011 and worked as a Corporate and Business Development Director at GFI in Spain from 2003 to 2006.

He started his career as part of the management team of Fantine Group (now Aviv Ventures).

Jacky holds a MBA from Boston University and a degree in Business Administration from Madrid Business School.

 

 

Nicolas du Cray

Partner of Cathay Innovation

Nicolas du Cray is a Partner at Cathay Capital, based in Shanghai.

Prior to joining Cathay Capital in 2016, Nicolas was a Venture Partner at Iris Capital, a global venture capital investor sponsored by Orange and Publicis, in charge of the fund’s investments in China.

Prior to joining Iris Capital in 2012, Nicolas was an Investment Director at Orange Capital in Beijing, and prior to that, a Senior Project Manager at Orange Labs (Beijing), that he joined as a founding member in 2004. Prior to that, Nicolas worked for France Telecom’s Representative Office in Beijing.

Nicolas holds an Executive MBA from INSEAD and Tsinghua University, a Master of Science in ICT Management from EMLYON Business School & Centrale Lyon (France) and a Master of Science in Engineering from Grenoble Institute of Technology (France).

 

 

Partners in charge and their team

They Trusted Us

« We are delighted that Cathay has entered this round of financing, and their experience and insights on big data and SaaS will be particularly helpful for Ifchange. From a long-term perspective, we expect our company will reach new heights in order to improve our intelligent recruitment platform even further with the help of Cathay’s rich resource »

Youhong Zhou, Founder,
Ifchange

« It has been fantastic to discover the Cathay family. I have been given through Cathay the tremendous opportunity to meet a lot of big players from major companies such as Alibaba, Danone, Nestle, Carrefour...and got to learn the ecosystem. Thank you Cathay for welcoming me in the family ! »

Antoine Durieux, CEO & Founder,
Alkemics

« Great work from the Cathay team helping me setting up and preparing key meetings with Chinese companies & entrepreneurs, and to lead a strategic reflexion on how to turn these meetings into great business opportunities. »

Ari Tuchman, Co-Founder & President,
Quantifind

Our Portfolio

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