Cyberport Investors Network’s investments cross the $1b mark
In the past year alone, CIN raised HK$496m in investments.
In a span of four years, investments raised by the Cyberport Investors Network (CIN) were able to cross the $1b mark.
CIN reported this milestone in the Cyberport Venture Capital Forum (CVCF) which was held from 2 to 3 November.
The investors' network said it was able to raise HK$496m in investments for 14 projects between investors and Cyberport start-ups in the past year.
The recent project deals drove CIN’s total investments to HK$1.124b and matched deals to 51 since its establishment in 2017.
Cindy Chow, the chairperson of CIN Steering Group, said they have recruited more investors “who focus on investing in growth stage start-ups to match more projects.”
Chow said they will also “continue to intensify ties within the CIN, including working with investors in specific industries to facilitate more targeted matching and recruiting more corporate venture and family office members to meet the investment needs of enterprises.”
Meanwhile, Cyberport was also able to inject capital through its Macro Fund (CMF) into five of its startups namely Lynk, Rice Robotics, Dash Living, Hex Trust, and GOGOX from September 2020 to August 2021.
The latest funding brought CMF’s total investment for start-ups to more than HK$1.58b, broken down to HK$162m for 22 projects and additional co-investment of over HK$1.418b.