Paris, France \u2014 Cathay Inno\u00adva\u00adtion has closed its latest venture capi\u00adtal fund at USD 1 billion. This makes it the largest AI-dedi\u00adca\u00adted fund in the Euro\u00adpean Union. To date, the company has deployed \u20ac235 million from Fund III across 14 invest\u00adments, 50 percent of which are based in Europe. The focus is on four key sectors: consu\u00admer, health\u00adcare, finan\u00adcial services and energy\/mobility. <\/p>\n
With the support of 20+ leading inter\u00adna\u00adtio\u00adnal compa\u00adnies, Cathay Inno\u00adva\u00adtion has deve\u00adlo\u00adped the worl\u00add\u2019s largest VC plat\u00adform, inves\u00adt\u00ading in emer\u00adging start\u00adups and connec\u00adting them with indus\u00adtry leaders around the world looking to trans\u00adform through cutting-edge innovation.<\/p>\n
Cathay Inno\u00adva\u00adtion was recently named Fran\u00adce\u2019s largest private VC inves\u00adtor per capi\u00adtal, inves\u00adt\u00ading in local start\u00adups and making a rele\u00advant contri\u00adbu\u00adtion to Fran\u00adce\u2019s rise as one of Euro\u00adpe\u2019s top AI and tech hubs.<\/p>\n
Fund III is backed by a diverse base of insti\u00adtu\u00adtio\u00adnal inves\u00adtors as well as multi\u00adna\u00adtio\u00adnal compa\u00adnies looking to access the latest AI startup tech\u00adno\u00adlo\u00adgies that are criti\u00adcal to indus\u00adtry-wide trans\u00adfor\u00adma\u00adtion. These include French indus\u00adtry leaders such as Sanofi, Total\u00adEner\u00adgies, Valeo, BNP Pari\u00adbas Cardif, Groupe SEB and Groupe ADP since the first closing, along with seve\u00adral inter\u00adna\u00adtio\u00adnal indus\u00adtry play\u00aders such as Latams Vale Ventures, Copec WIND Ventures and others. <\/p>\n
\u201cOur fund is dedi\u00adca\u00adted to helping entre\u00adpre\u00adneurs scale and bring forth new pioneers who put inno\u00adva\u00adtion at the service of the common good. We believe we can acce\u00adle\u00adrate the trans\u00adfor\u00adma\u00adtion of Euro\u00adpean indus\u00adtry and create lasting econo\u00admic and social impact,\u201d said Mingpo Cai, Foun\u00adder and Chair\u00adman of Cathay Capi\u00adtal and Cathay Innovation. \u201d<\/p>\n
Where AI meets indus\u00adtry: the largest plat\u00adform for colla\u00adbo\u00adra\u00adtive transformation<\/strong><\/p>\n Beyond invest\u00adment, Cathay Inno\u00adva\u00adti\u00adon\u2019s global plat\u00adform and ecosys\u00adtem connects start\u00adups to a broad network of compa\u00adnies to enable deeper indus\u00adtry colla\u00adbo\u00adra\u00adtion. This includes stra\u00adte\u00adgic part\u00adner\u00adships, co-invest\u00adments or other busi\u00adness deve\u00adlo\u00adp\u00adment opportunities. <\/p>\n Cathay Inno\u00adva\u00adti\u00adon\u2019s vision revol\u00adves around the belief that Euro\u00adpean VCs cannot thrive in the long run by dupli\u00adca\u00adting the Ameri\u00adcan approach based on merging robust finan\u00adcial markets with the Sili\u00adcon Valley ecosys\u00adtem. Taking into account the Euro\u00adpean context and needs, Cathay Inno\u00adva\u00adtion bridges the gap between start\u00adups and indus\u00adtry leaders, unlo\u00adcking access to key inno\u00adva\u00adtion hubs. <\/p>\n \u201cAt a time when Europe is approa\u00adching AI with the aim of prio\u00adri\u00adtiz\u00ading respon\u00adsi\u00adble inno\u00adva\u00adtion, stra\u00adte\u00adgic auto\u00adnomy and resi\u00adli\u00adence, Fund III reflects a unique Euro\u00adpean model with global scale: not only for growth, but also for indus\u00adtrial trans\u00adfor\u00adma\u00adtion and socie\u00adtal bene\u00adfit,\u201d said Denis Barrier, Co-Foun\u00adder of Cathay Inno\u00adva\u00adtion<\/strong>. \u201cAI is a gene\u00adral-purpose tech\u00adno\u00adlogy \u2014 like elec\u00adtri\u00adcity \u2014 with the poten\u00adtial to reinvent entire indus\u00adtries while shif\u00adting the role of start\u00adups from disrup\u00adt\u00adors to trans\u00adfor\u00adma\u00adtion part\u00adners. Over the past decade, we have built the worl\u00add\u2019s largest venture capi\u00adtal plat\u00adform to connect start\u00adups and corpo\u00adra\u00adtes under one roof \u2014 combi\u00adning capi\u00adtal with indus\u00adtrial inno\u00adva\u00adtion to jointly drive this trans\u00adfor\u00adma\u00adtion and create the jobs of tomorrow. \u201d <\/p>\n Cathay Inno\u00adva\u00adtion Fund III: Equip\u00adped for the new indus\u00adtrial age<\/strong><\/p>\n Fund III focu\u00adses prima\u00adrily on start\u00adups using AI that are deeply tail\u00ado\u00adred to speci\u00adfic sectors. Fund III targets foun\u00adders at each stage and can invest up to 100 million in a single startup.<\/strong> To date, the company has inves\u00adted in 14 start\u00adups in Europe, the US and Asia, including<\/p>\n Health\u00adcare:<\/strong> Nabla (AI co-pilot for doctors), AQEMIA (AI + disco\u00advery of quan\u00adtum physics drug), Biop\u00adti\u00admus (first univer\u00adsal basic model for biology), Nelly (Euro\u00adpean fintech simpli\u00adfies health\u00adcare payments) The company\u2019s geogra\u00adphic diver\u00adsity is a stra\u00adte\u00adgic advan\u00adtage in today\u2019s frag\u00admen\u00adted world, helping Euro\u00adpean start\u00adups to learn from and operate in Sili\u00adcon Valley, Latam or other parts of the world, for exam\u00adple, and vice versa. Fund III is also clas\u00adsi\u00adfied as an Article 8 fund under the EU Sustainable Finance Disclo\u00adsure Regu\u00adla\u00adtion (SF DR), reflec\u00adting its commit\u00adment to envi\u00adron\u00admen\u00adtal and social impact. It supports high-growth compa\u00adnies where AI is being used to drive indus\u00adtries forward in a locally groun\u00added, globally scalable and soci\u00adally posi\u00adtive way. <\/p>\n About Cathay Innovation<\/strong><\/p>\n Cathay Inno\u00adva\u00adtion is a multi-stage venture capi\u00adtal firm affi\u00adlia\u00adted with Cathay Capi\u00adtal that invests in foun\u00adders buil\u00adding trans\u00adfor\u00adma\u00adtive compa\u00adnies in Europe, North America, Asia, Latin America and Africa. The plat\u00adform connects foun\u00adders with inves\u00adtors and the ecosys\u00adtem of leading Fortune 500 compa\u00adnies to help start\u00adups scale and trans\u00adform indus\u00adtries with consu\u00admer-to-enter\u00adprise and AI solu\u00adti\u00adons in retail, fintech, digi\u00adtal health and mobility\/energy. Cathay Inno\u00adva\u00adtion was foun\u00added in Paris in 2015 and now mana\u00adges over \u20ac2.5 billion AUM with addi\u00adtio\u00adnal offices in San Fran\u00adcisco, Berlin, Madrid, Shang\u00adhai and Singa\u00adpore. It has inves\u00adted in over 120 start\u00adups inclu\u00adding Chime, Pinduo\u00adduo (NASDAQ: PDD), Glovo, Wall\u00adbox (NYSE: WBX), Owkin, Getaround, Ledger, ZenBusi\u00adness. \u2014 www.cathayinnovation.com.<\/p>\n","protected":false},"excerpt":{"rendered":" Paris, France \u2014 Cathay Inno\u00adva\u00adtion has closed its latest venture capi\u00adtal fund at USD 1 billion. This makes it the largest AI-dedi\u00ad\u00adca\u00ad\u00adted fund in the Euro\u00adpean Union. To date, the company has deployed \u20ac235 million from Fund III across 14 invest\u00adments, 50 percent of which are based in Europe. The focus is on four key [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":56212,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-56355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\nFinan\u00adcial services:<\/strong> Reach (AI-driven asset manage\u00adment), Flow\u00addesk (full-stack market-making for digi\u00adtal assets), Ping ++ (open banking and payments infrastructure)
\nConsu\u00admers:<\/strong> Geist (B2B market\u00adplace for excess inven\u00adtory), Reebelo (market\u00adplace for refur\u00adbis\u00adhed tech devices), Imagino (custo\u00admer data plat\u00adform for modern brands), Mogic (genAI-driven short-form video crea\u00adtion), Beat\u00adbot (intel\u00adli\u00adgent robo\u00adtic clea\u00adning systems)
\nEnergy:<\/strong> David Energy (energy plat\u00adform for next-gene\u00adra\u00adtion retail), Ental\u00adpisch (funda\u00admen\u00adtal model-based mate\u00adrial disco\u00advery for low-carbon innovations)<\/p>\n