With the development of overseas business, the Group has gradually optimized the global allocation of innovation resources by leveraging its overseas funds. For example, Danhua VC Fund was established in collaboration with renowned professors of Sandford University.
As a chairman unit of China-Finland Cooperation Committee for Innovation Enterprises, ZGC Development Group actively explored the potential of and prepared for the establishment of China-Finland Fund. Additionally, the first overseas parent fund of the Group, ZGC Peakview US Fund of Funds, was established in 2017. As of late 2019, the Group has participated in six overseas funds totally.
1. Danhua VC Fund
In May 2013, ZGC Development Group set up “ZGC Stanford Emerging Technology VC Fund” (“Danhua VC Fund/DHVC”) together with renowned scientists of Stanford University and other social investment institutions in Silicon Valley. The Group has participated in the fund’s 1st and 2nd phases of investment.
Danhua VC Fund focuses on original and disruptive technological projects from Sandford Universities and Silicon Valley, involving the next-generation IT technology, big data, mobile Internet, smart devices, Internet finance, medical devices and other fields.
Danhua VC Fund priorities cooperation with world’s top investment companies in Silicon Valley and connection with cutting-edge sci-tech resources. Meanwhile, it also works with Silicon Valley Incubation Center under ZGC Development Group, forming the innovation investment mode of “Fund + Incubator”. The Fund has done much to help the internationalization of Z-park by guiding and supporting excellent overseas projects to industrialize in Zhongguancun.
2. KiloAngel Fund
KiloAngel Fund was established by AngelList, a well-known U.S. investment and financing platform for innovation. It invests in early projects with considerable potential using AngelList’s internal project pool.
Since 2015, ZGC Development Group has contributed two million US dollars to KiloAngel Fund. The Group has been working on promoting information exchange with the fund team on financing status, investment strategy and progress, jointly exploring opportunities for the projects to connect with frontier industries and markets in Zhongguancun, Beijing.
3. US Fund of Funds
ZGC Peakview US Fund of Funds was established by ZGC Development Group and Peakview Capital, a renowned Chinese VC institution, in September 2017.
The Peakview’s size is $300 million. Its contributors include well-known Chinese enterprises like ZGC Development Group, VC institutions and a number of professional international institutional investors.
US Fund of Funds is designed to channel international capital into global innovation field. It wants to become a top-layer investor in global innovation and entrepreneurship by investing in American front-line funds, mainly in Silicon Valley.
Not only does it mark the deep integration of China’s capital market and the world’s top innovation resources, but also indicates that ZGC Development Group is promoting the global allocation and international development of innovation resources relying on the overseas mother-fund platform.
4. ZGC US Fund
CloudMinds is the very first cloud operator of intelligent robot in the world. It is already a leader in Chinese robot unicorns, with its main business in the fields of network security operation, platform operation of a global high-security AI cloud network, AI services and etc.
After long-time tracking of the project, ZGC Development Group decided to participate in the investment in CloudMinds and provide it with in-depth incubation services, becoming a solid guarantee for its R&D and business expansion.
5. Fuel Ventures Portfolio 3
In the UK, Fuel Ventures is a well-known early-stage VC capital fund manager. Fuel Ventures Portfolio 3 (FV3) has a scale of ￡20 million, which is contributed by ZGC Development Group and other global funds, family offices and so on.
Cooperating with world-renowned investment agencies in the UK, FV3 mainly invests in UK cutting-edge technology and Internet projects, assisting outstanding projects to industrialize in Z-Park, thereby boosts the international development of Z-Park.
