# Ceyuan Ventures: portfolio, investments and team

> Ceyuan Ventures is a vc firm based in Hong Kong SAR China. 57 investments on record, latest Jan 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ceyuan-ventures (Millionrounds; every figure on the page links to its filing or article)

Hong Kong SAR China · [Investor](https://millionrounds.com/investors)

# Ceyuan Ventures

Last cheque observed Jan 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $282M, Apr 2012 VC firm

Seed Series A Information Technology Internet Mobile

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 57 on record

Since the last cheque **2845** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **0 of 57** Sole investor **15 rounds** Exits **2 from the portfolio** Mostly in **China, 75%**

Pitch Ceyuan Ventures

## Ceyuan Ventures highlights

- 01 57 rounds on record
- 02 Mostly Series B and Series A: 65% of its rounds
- 03 Sole investor in 15 rounds, median $2.0M
- 04 2 exits from the portfolio

## What they do

> CEYuan Ventures is a Beijing-based venture capital firm focused on early-stage investments in the information industry and growth-stage enterprises. Translated from Chinese, from their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Information Technology Internet Mobile
- **Based in:** Beijing, Hong Kong SAR China
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **57 appearances**

- **2019** 1 round
- **Jan** **[DeepChain](https://millionrounds.com/company/deepchain)** Seed · CN · China Money Network **$1.5M** With 4 others
- **2018** 1 round
- **Jul** **[Nervos Network](https://millionrounds.com/company/nervos-network)** CN · China Money Network **$28M** With 7 others
- **2015** 4 rounds
- **Nov** **[Atzuche](https://millionrounds.com/company/atzuche)** Series B · CN **$47M** With 4 others
- **Aug** **[Flexport](https://millionrounds.com/company/flexport)** Series A · US **$20M** With 11 others
- **Jul** **[xiachufang](https://millionrounds.com/company/xiachufang)** Series B · CN **$30M** With 3 others
- **Feb** **[Firefly Games](https://millionrounds.com/company/firefly-games)** Series A · US **$8.0M** With 2 others
- **2014** 12 rounds
- **Dec** **[Meitu](https://millionrounds.com/company/meitu)** Series C · CN **$350M** With 6 others
- **Oct** **[Ayibang](https://millionrounds.com/company/ayibang)** Series B · CN **$10M** With 2 others
- **Oct** **[Melotic](https://millionrounds.com/company/melotic)** Seed · HK **$1.2M** With 4 others
- **Aug** **[Super](https://millionrounds.com/company/super)** Series B · CN **Undisclosed** With 2 others
- **Jul** **[Secret](https://millionrounds.com/company/secret)** Series B · US **$25M** With 6 others
- **Jun** **[Dayima](https://millionrounds.com/company/dayima)** Series C · CN **$30M** With 2 others
- **May** **[Delectable](https://millionrounds.com/company/delectable)** Series A · US **$3.0M** With 11 others
- **Mar** **[Ricebook](https://millionrounds.com/company/ricebook)** Series B · CN **$7.0M** With 1 other
- **Mar** **[Koinify](https://millionrounds.com/company/koinify)** Seed · US **$450K** With 2 others
- **Mar** **[OKCoin](https://millionrounds.com/company/okcoin)** Series A · CN **$10M** With 3 others
- **Feb** **[VANCL](https://millionrounds.com/company/vancl)** Venture · CN **$100M** With 5 others
- **Feb** **[asap54.com](https://millionrounds.com/company/asap54-com)** Series A · GB **$3.8M** With 2 others
- **2013** 4 rounds
- **Nov** **[Ayibang](https://millionrounds.com/company/ayibang)** Series A · CN **$1.0M** Sole investor
- **Aug** **[Firework](https://millionrounds.com/company/firework)** Series B · CN **$1.0M** Sole investor
- **Jul** **[taptalk](https://millionrounds.com/company/taptalk)** Seed · US **Undisclosed** With 9 others
- **Jun** **[Deep Glint](https://millionrounds.com/company/deep-glint)** Seed · CN **$1.0M** With 1 other
- **2012** 2 rounds
- **Jan** **[UCWeb](https://millionrounds.com/company/ucweb)** Venture · CN · ucweb.com **Undisclosed** With 5 others
- **Jan** **[Letao](https://millionrounds.com/company/letao)** CN **Undisclosed** Sole investor
- **2011** 4 rounds
- **Apr** **[DianDian](https://millionrounds.com/company/diandian)** Series A · CN · technode.com **$10M** With 2 others
- **Mar** **[Haodf.com](https://millionrounds.com/company/haodf-com)** Series C · CN **$15M** With 1 other
- **Mar** **[Zbird](https://millionrounds.com/company/zbird)** Series C · CN **$25M** Sole investor
- **Jan** **[Letao](https://millionrounds.com/company/letao)** Series D · CN **$30M** With 2 others
- **2010** 6 rounds
- **Dec** **[VANCL](https://millionrounds.com/company/vancl)** Series E · CN **$100M** With 4 others
- **Dec** **[Letao](https://millionrounds.com/company/letao)** Series C · CN **$32M** With 2 others
- **Nov** **[NQ Mobile Inc.](https://millionrounds.com/company/nq-mobile-inc)** Series D · US **Undisclosed** With 4 others
- **Aug** **[NQ Mobile Inc.](https://millionrounds.com/company/nq-mobile-inc)** Series C · US **Undisclosed** With 2 others
- **Apr** **[Letao](https://millionrounds.com/company/letao)** Series A · CN **$10M** With 2 others
- **Jan** **[Douban](https://millionrounds.com/company/douban)** Series B · CN **$7.0M** Sole investor
- **2009** 1 round
- **Apr** **[Kaixin001](https://millionrounds.com/company/kaixin001)** Series B · CN · jlmpacificepoch.com **$20M** With 2 others
- **2008** 8 rounds
- **Sept** **[The 19th Floor](https://millionrounds.com/company/the-19th-floor)** Seed · CN **$3.2M** Sole investor
- **Jul** **[ET Solar Group](https://millionrounds.com/company/et-solar-group)** Series A · CN · etsolar.com **$31M** With 5 others
- **Jul** **[ET Solar Group](https://millionrounds.com/company/et-solar-group)** Series B · CN **$20M** With 1 other
- **Jun** **[Haodf.com](https://millionrounds.com/company/haodf-com)** Series B · CN **$2.6M** With 1 other
- **May** **[Letao](https://millionrounds.com/company/letao)** Seed · CN **$2.0M** Sole investor

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

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

BF **Bo Feng** Director of Sole Class B Shareholder i Filing they signed

We also hold **8** 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[UCWeb](https://millionrounds.com/company/ucweb)** Bought by [Alibaba](https://millionrounds.com/fund/alibaba) **Undisclosed** Jun 2014

**[PPS](https://millionrounds.com/company/pps)** Bought by [Baidu](https://millionrounds.com/fund/baidu) **Undisclosed** May 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$282M**

raised in Apr 2012

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A

Median round joined **$15M** the round, not its cheque Alone, median **$2.0M**

Led 0 of 57 rounds **0%**

- **Sole investor:** 15 rounds
- **Last cheque:** Jan 2019
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series B *17*
- Series A said *16*
- Seed said *8*
- Series C *7*
- Venture *3*

Cheques by year Led Joined

2004 2019

Often in the room with

- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 6
- [IDG Ventures](https://millionrounds.com/fund/idg-ventures) 5
- [NewMargin Ventures](https://millionrounds.com/fund/newmargin-ventures) 4
- [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) 4
- [DT Capital Partners](https://millionrounds.com/fund/dt-capital-partners) 3
- [GSR Ventures](https://millionrounds.com/fund/gsr-ventures) 3

**Pitching Ceyuan Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Ceyuan Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Sequoia Capital** VC firm **6** rounds together](https://millionrounds.com/fund/sequoia-capital)[**IDG Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/idg-ventures)[**NewMargin Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/newmargin-ventures)[**Qiming Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/qiming-venture-partners)[**DT Capital Partners** VC firm **3** rounds together](https://millionrounds.com/fund/dt-capital-partners)[**GSR Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/gsr-ventures)[**Tiger Capital Partners** Growth equity **3** rounds together](https://millionrounds.com/fund/tiger-capital-partners)[**Alibaba** Growth equity **2** rounds together](https://millionrounds.com/fund/alibaba)[**DCM Ventures** Private equity **2** rounds together](https://millionrounds.com/fund/dcm-ventures)[**Fidelity Growth Partners Asia** Investment firm **2** rounds together](https://millionrounds.com/fund/fidelity-growth-partners-asia)[**Lei Jun** Angel **2** rounds together](https://millionrounds.com/fund/lei-jun)[**Redpoint** VC firm **2** rounds together](https://millionrounds.com/fund/redpoint)

## Quick answers about Ceyuan Ventures

### What does Ceyuan Ventures invest in?

Ceyuan Ventures invests most often at Series B and Series A (65% of the rounds on record), in sectors such as Information Technology, Internet and Mobile.

### How active is Ceyuan Ventures?

57 investments on record, 0 of them in the last 12 months. The most recent was in Jan 2019.

### What has Ceyuan Ventures invested in recently?

Its most recent investments on record: DeepChain (Seed, Jan 2019) and Nervos Network (Undisclosed round, Jul 2018).

### How big are Ceyuan Ventures's cheques?

The median round it joins is $15M.

### Does Ceyuan Ventures lead rounds?

Rarely, if at all: none of its 57 investments on record names it as the lead.

### Where does Ceyuan Ventures invest?

Most of the companies it backs are in China (75%) and the United States (20%).

### Is Ceyuan Ventures investing now?

No investments in the last 12 months; the latest was in Jan 2019.

### Who does Ceyuan Ventures invest alongside?

Most often Sequoia Capital (6 rounds together), IDG Ventures (5 rounds together) and NewMargin Ventures (4 rounds together).

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