# Cathay Innovation: portfolio, investments and team > Cathay Innovation is a vc firm based in United States. 3 investments on record, 2 in the last 12 months, latest Mar 2026. Source: https://millionrounds.com/fund/cathay-latam (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Cathay Innovation Last cheque observed Mar 2026; 3 cheques on record. Email VC firm Deploying now New fund $1.0B, May 2025 Seed Series A Series B Sustainability Tech For Good Sustainable Development Goals Follow Cathay Innovation and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcathay-latam) Deploying now **67%** of best year **2** **cheques in 12 months**, 3 on record Since the last cheque **226** days **00** hrs **00** min **00** sec Median round **$8.5M** Rounds led **1 of 3** Pitch Cathay Innovation ## Cathay Innovation highlights - 01 2 cheques in the last 12 months - 02 Mostly Seed and Series A: 100% of its rounds - 03 Led 1 rounds ## What they do > Founded in Paris in 2015, Cathay Innovation is a multi-stage venture capital firm backed by industry. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Up to $10M as they say - **Stages:** Seed Series A Series B Growth - **Sectors:** Sustainability Tech For Good Sustainable Development Goals - **Based in:** San Francisco, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **3 appearances** - **2026** 1 round - **Mar** **[BackChannel](https://millionrounds.com/company/backchannel)** Seed · BR · LatamList **$4.8M** With 8 others - **2025** 2 rounds - **Dec** **[Vambe](https://millionrounds.com/company/vambe)** Series A · LatamList **$14M** With 9 others - **Oct** **[Akua](https://millionrounds.com/company/akua)** Seed · CO · LatamList **$8.5M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **24** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. New fund on file **$1.0B** raised in May 2025 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$8.5M** the round, not its cheque Led 1 of 3 rounds **33%** - **Said size:** Up to $10M - **Sole investor:** Never alone - **Last cheque:** Mar 2026 Rounds by stage said on their site - Seed said *2* - Series A said *1* - Series B said *-* - Growth said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Atlantic](https://millionrounds.com/fund/atlantic) 2 - [Atlantico](https://millionrounds.com/fund/atlantico) 2 **Pitching Cathay Innovation?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Cathay Innovation. A count of rooms they were both in, not a relationship either has claimed. [**Atlantic** Private equity **2** rounds together](https://millionrounds.com/fund/atlantic)[**Atlantico** VC firm **2** rounds together](https://millionrounds.com/fund/atlantico) ## Recently backed The latest companies Cathay Innovation put money into. [**BackChannel** $4.8M · Mar 2026](https://millionrounds.com/company/backchannel)[**Vambe** $14M · Dec 2025](https://millionrounds.com/company/vambe) ## Quick answers about Cathay Innovation ### What does Cathay Innovation invest in? Cathay Innovation invests most often at Seed and Series A (100% of the rounds on record), in sectors such as Sustainability, Tech For Good and Sustainable Development Goals. ### How active is Cathay Innovation? 3 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Mar 2026. ### What has Cathay Innovation invested in recently? Its most recent investments on record: BackChannel (Seed, Mar 2026), Vambe (Series A, Dec 2025) and Akua (Seed, Oct 2025). ### How big are Cathay Innovation's cheques? The median round it joins is $8.5M. ### Is Cathay Innovation investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### Who does Cathay Innovation invest alongside? Most often Atlantic (2 rounds together) and Atlantico (2 rounds together). ### What kind of investor is Cathay Innovation? Cathay Innovation is a VC firm based in San Francisco, United States. ### Has Cathay Innovation raised a new fund? Its latest fund filing with the SEC was in May 2025, reporting $1.0B raised. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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