China · Investor

Keytone Ventures

Last cheque observed Jul 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $199M, Aug 2010VC firm

SeedSeries ASeries BTechnologyInternet

Cheques on record
0%of best year0cheques in 12 months, 12 on record
Since the last cheque4112days00hrs00min00sec
Median round$20MRounds led0 of 12Exits1 from the portfolioMostly inUnited States, 50%
Pitch Keytone Ventures

Keytone Ventures highlights

  1. 01

    12 rounds on record

  2. 02

    Mostly Series B and Series C: 67% of its rounds

  3. 03

    1 exits from the portfolio

What they do

Keytone Ventures is a China-focused venture capital firm investing in transformative ideas for the increasingly interconnected global economy.From their own website
Type
VC firm
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowth
Sectors
TechnologyInternet
Based in
Beijing, China
Cold pitches
Accepted

The record

Every round we can evidence, newest first12 appearances

  1. 2015

    2 rounds

  2. Jul
    InnoSparkSeries B · KR$6.5MWith 2 others
  3. Apr
    ChemayiSeries A · CN$20MWith 1 other
  4. 2014

    1 round

  5. Jun
    MCube, IncSeries C · US$37MWith 6 others
  6. 2013

    1 round

  7. Aug
    LP AminaSeries C · US · chinamoneypodcast.com$20MWith 3 others
  8. 2012

    2 rounds

  9. Jul
    Beijing Redbaby Internet TechnologySeries E · CN$20MWith 2 others
  10. Apr
    NanoH2OGrowth · US · finsmes.com$61MWith 6 others
  11. 2011

    3 rounds

  12. Apr
    PapayaMobileSeries B · US · techcrunch.com$18MWith 1 other
  13. Jan
    DerbySoftSeries C · US$10MWith 1 other
  14. Jan
    Beijing Redbaby Internet TechnologySeries D · CN$20MWith 3 others
  15. 2009

    2 rounds

  16. Aug
    Analogix SemiconductorSeries B · US · freshnews.com$10MWith 5 others
  17. Jul
    BorqsSeries B · CN · gigaom.com$17MWith 3 others
  18. 2007

    1 round

  19. Jun
    Lattice PowerSeries B · CN$25MWith 5 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

Named by the firm itself, on a filing, its Form ADV or its company registration2 named

JZJoe ZhouDirectoriForm ADV
ZJZhixiong Joe ZhouExecutive OfficeriFiling they signed

We also hold 6 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

$388Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Keytone Ventures (hong Kong) Advisers Limited
SEC number
CRD 163386

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

NanoH2OBought by LG Chem$200MMar 2014

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

Who they invest alongside

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

Quick answers about Keytone Ventures

What does Keytone Ventures invest in?

Keytone Ventures invests most often at Series B and Series C (67% of the rounds on record), in sectors such as Technology and Internet.

How active is Keytone Ventures?

12 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2015.

How big are Keytone Ventures's cheques?

The median round it joins is $20M.

Does Keytone Ventures lead rounds?

Rarely, if at all: none of its 12 investments on record names it as the lead.

Where does Keytone Ventures invest?

Most of the companies it backs are in the United States (50%), China (42%) and South Korea (8%).

Is Keytone Ventures investing now?

No investments in the last 12 months; the latest was in Jul 2015.

Who does Keytone Ventures invest alongside?

Most often Kleiner Perkins Caufield & Byers (3 rounds together), Northern Light Venture Capital (3 rounds together) and DCM Ventures (2 rounds together).

What kind of investor is Keytone Ventures?

Keytone Ventures is a VC firm based in Beijing, China.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it