# Jerry Yang: portfolio, investments and team

> Jerry Yang is a vc firm based in Japan. 37 investments on record, 2 in the last 12 months, latest Feb 2026. Portfolio, stages, co-investors and team.

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

Japan · [Investor](https://millionrounds.com/investors)

# Jerry Yang

Last cheque observed Feb 2026; 37 cheques on record.

Email

Deploying now VC firm

Seed

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 37 on record

Since the last cheque **250** days **00** hrs **00** min **00** sec

Median round **$20M** Rounds led **0 of 37** Exits **1 from the portfolio** Mostly in **United States, 88%**

Pitch Jerry Yang

## Jerry Yang highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Seed: 70% of its rounds
- 03 1 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed
- **Based in:** Paterna, Japan
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **37 appearances**

- **2026** 2 rounds
- **Feb** **[ZaiNar](https://millionrounds.com/company/zainar)** Series B · US · Ventureburn **$100M** With 7 others
- **Feb** **[Entire](https://millionrounds.com/company/entire)** Seed · TechCrunch **$60M** With 8 others
- **2024** 1 round
- **Oct** **[Socket](https://millionrounds.com/company/socket)** Series B · US · TechCrunch **$40M** With 5 others
- **2019** 3 rounds
- **Dec** **[Alchemy](https://millionrounds.com/company/alchemy)** Seed · US · TechCrunch **$15M** With 8 others
- **Dec** **[Arthur](https://millionrounds.com/company/arthur)** Seed · US · TechCrunch **$3.3M** With 3 others
- **Aug** **[SignalWire](https://millionrounds.com/company/signalwire)** Series A · US · FinSMEs **$12M** With 6 others
- **2018** 1 round
- **May** **[Terminal](https://millionrounds.com/company/terminal)** Series A · CA · FinSMEs **$10M** With 5 others
- **2017** 1 round
- **Feb** **[Holberton](https://millionrounds.com/company/holberton)** Seed · US · FinSMEs **$2.3M** With 5 others
- **2016** 5 rounds
- **Nov** **[Gusto](https://millionrounds.com/company/gusto)** **$90M** With 103 others
- **Sept** **[Zipline](https://millionrounds.com/company/zipline)** **$25M** With 25 others
- **Aug** **[GrubMarket](https://millionrounds.com/company/grubmarket)** Series B · US · TechCrunch **$20M** With 25 others
- **Jul** **[Treasure Data](https://millionrounds.com/company/treasure-data)** **$24M** With 21 others
- **May** **[Wevr](https://millionrounds.com/company/wevr)** **$20M** With 26 others
- **2014** 10 rounds
- **Oct** **[Vida Health](https://millionrounds.com/company/vida-health)** Series A · US **$5.0M** With 8 others
- **Sept** **[Docker](https://millionrounds.com/company/docker)** Series C · US **$40M** With 5 others
- **Sept** **[import.io](https://millionrounds.com/company/import-io)** Seed · GB **$3.0M** With 9 others
- **Jul** **[Xapo](https://millionrounds.com/company/xapo)** Series A · US **$40M** With 9 others
- **Jun** **[Wish](https://millionrounds.com/company/wish)** Series C · US **$50M** With 7 others
- **May** **[BitPay](https://millionrounds.com/company/bitpay)** Series A · US **$30M** With 9 others
- **Feb** **[Hampton Creek](https://millionrounds.com/company/hampton-creek)** Series B · US **$23M** With 11 others
- **Feb** **[Elementum](https://millionrounds.com/company/elementum)** Series B · US **$50M** With 7 others
- **Jan** **[Amitree](https://millionrounds.com/company/amitree)** Venture · US **$2.7M** With 8 others
- **Jan** **[Apportable](https://millionrounds.com/company/apportable)** Seed · US **$6.3M** With 6 others
- **2013** 8 rounds
- **Dec** **[Zerve](https://millionrounds.com/company/zerve)** Series A · US **$20M** With 3 others
- **Nov** **[Wish](https://millionrounds.com/company/wish)** Series B · US **$19M** With 3 others
- **Sept** **[Zoom](https://millionrounds.com/company/zoom)** Series B · US · techcrunch.com **$6.5M** With 5 others
- **Aug** **[Zendrive](https://millionrounds.com/company/zendrive)** Seed · US · techcrunch.com **$1.5M** With 4 others
- **Jul** **[Binary Thumb](https://millionrounds.com/company/binary-thumb)** Seed · US · techcrunch.com **Undisclosed** With 11 others
- **Jun** **[NumberFour](https://millionrounds.com/company/numberfour)** Series A · DE · techcrunch.com **$38M** With 8 others
- **Jan** **[Zoom](https://millionrounds.com/company/zoom)** Series A · US · techcrunch.com **$6.0M** With 5 others
- **Jan** **[Shijiebang](https://millionrounds.com/company/shijiebang)** Series A · CN **$10M** With 3 others
- **2012** 5 rounds
- **Nov** **[Treasure Data](https://millionrounds.com/company/treasure-data)** Seed · US **$1.3M** With 3 others
- **Oct** **[Whitetruffle](https://millionrounds.com/company/whitetruffle)** Seed · US **$1.2M** With 6 others
- **Jul** **[Openbucks](https://millionrounds.com/company/openbucks)** Series A · US · techcrunch.com **$4.8M** With 15 others
- **May** **[Wish](https://millionrounds.com/company/wish)** Series A · US **$8.0M** With 2 others
- **Jan** **[AppCard](https://millionrounds.com/company/appcard)** Series A · US · thenextweb.com **$6.5M** With 4 others
- **2010** 1 round
- **Nov** **[Leftronic](https://millionrounds.com/company/leftronic)** Seed · US · xconomy.com **$500K** With 3 others

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 **4** 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**Registered** investment adviser full reporting to the SEC

- **Legal name:** HIGH Falls Advisors, Inc.
- **SEC number:** CRD 108678

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Leftronic](https://millionrounds.com/company/leftronic)** Bought by AppDirect **Undisclosed** Nov 2014

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

## The cheque

Seed

Median round joined **$20M** the round, not its cheque

Led 0 of 37 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Feb 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A *12*
- Seed said *11*
- Series B *7*
- Series C *2*
- Venture *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [AME Cloud Ventures](https://millionrounds.com/fund/ame-cloud-ventures) 26
- [Farzad (Zod) Nazem](https://millionrounds.com/fund/farzad-zod-nazem) 4
- [Founders Fund](https://millionrounds.com/fund/founders-fund) 4
- [Index Ventures](https://millionrounds.com/fund/index-ventures) 4
- [Felicis](https://millionrounds.com/fund/felicis-ventures) 3
- [Formation 8](https://millionrounds.com/fund/formation-8) 3

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## Who they invest alongside

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

[**AME Cloud Ventures** VC firm **26** rounds together](https://millionrounds.com/fund/ame-cloud-ventures)[**Farzad (Zod) Nazem** VC firm **4** rounds together](https://millionrounds.com/fund/farzad-zod-nazem)[**Founders Fund** VC firm **4** rounds together](https://millionrounds.com/fund/founders-fund)[**Index Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/index-ventures)[**Felicis** VC firm **3** rounds together](https://millionrounds.com/fund/felicis-ventures)[**Formation 8** VC firm **3** rounds together](https://millionrounds.com/fund/formation-8)[**GGV Capital** VC firm **3** rounds together](https://millionrounds.com/fund/ggv-capital)[**Google Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/gv)[**Horizons Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/horizons-ventures)[**Max Levchin** VC firm **3** rounds together](https://millionrounds.com/fund/max-levchin)[**SV Angel** VC firm **3** rounds together](https://millionrounds.com/fund/sv-angel)[**Scott Banister** Angel **3** rounds together](https://millionrounds.com/fund/scott-banister)

## Recently backed

The latest companies Jerry Yang put money into.

[**ZaiNar** $100M · Feb 2026](https://millionrounds.com/company/zainar)[**Entire** $60M · Feb 2026](https://millionrounds.com/company/entire)[**Socket** $40M · Oct 2024](https://millionrounds.com/company/socket)[**Alchemy** $15M · Dec 2019](https://millionrounds.com/company/alchemy)[**SignalWire** $12M · Aug 2019](https://millionrounds.com/company/signalwire)[**Holberton** $2.3M · Feb 2017](https://millionrounds.com/company/holberton)

## On podcasts

3 episodes naming Jerry Yang in the title, and 3 more that mention it.

- [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 12 Jan 2024 · 56 min Encore: Jerry Yang on Yahoo!, Early-Stage Investing, and China Mentions [Jerry Yang](https://millionrounds.com/fund/jerry-yang)[AME Cloud Ventures](https://millionrounds.com/fund/ame-cloud-ventures)[Ben Casnocha](https://millionrounds.com/person/ben-casnocha) Apple PodcastsShow page
- [Pattern Breakers](https://millionrounds.com/podcasts/pattern-breakers) 19 Jul 2021 · 37 min Jerry Yang: How Yahoo went from a hobby to the early King of the Internet Mentions [Jerry Yang](https://millionrounds.com/fund/jerry-yang)[Google](https://millionrounds.com/fund/google-assistant-investments)[David Filo](https://millionrounds.com/person/david-filo) Apple PodcastsShow page
- [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 31 Oct 2019 · 57 min Jerry Yang on China, Yahoo!, and Early-Stage Investing Mentions [Jerry Yang](https://millionrounds.com/fund/jerry-yang)[AME Cloud Ventures](https://millionrounds.com/fund/ame-cloud-ventures)[Ben Casnocha](https://millionrounds.com/person/ben-casnocha) *+1* Apple PodcastsShow page

### Mentioned in

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 21 Jan 2022 · 40 min 20VC: How I Lost a $125M Deal with Yahoo by Being Too Honest, The M&A Meeting with Steve Jobs That Did Not Go Well and How U2's Bono Saved The Day For One Tech Startup with Ali Partovi, CEO @ Neo Apple PodcastsShow page
- [Pattern Breakers](https://millionrounds.com/podcasts/pattern-breakers) 19 Jul 2021 · 13 min Breakthrough Lessons: Find your wave before your market Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 17 Aug 2018 · 30 min 20VC: Why Founders Must Use VCs as a Barometer, How to Make Distributed Teams Work Successfully & The Biggest Mistake People Make Early In Their Career with Dylan Serota, Founder @ Terminal Apple PodcastsShow page

## Quick answers about Jerry Yang

### What does Jerry Yang invest in?

Jerry Yang invests most often at Series A and Seed (70% of the rounds on record).

### How active is Jerry Yang?

37 investments on record, 2 of them in the last 12 months. The most recent was in Feb 2026.

### What has Jerry Yang invested in recently?

Its most recent investments on record: ZaiNar (Series B, Feb 2026), Entire (Seed, Feb 2026) and Socket (Series B, Oct 2024).

### How big are Jerry Yang's cheques?

The median round it joins is $20M.

### Does Jerry Yang lead rounds?

Rarely, if at all: none of its 37 investments on record names it as the lead.

### Where does Jerry Yang invest?

Most of the companies it backs are in the United States (88%).

### Is Jerry Yang investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Jerry Yang invest alongside?

Most often AME Cloud Ventures (26 rounds together), Farzad (Zod) Nazem (4 rounds together) and Founders Fund (4 rounds together).

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