# Mustang Ventures: portfolio, investments and team > Mustang Ventures is a vc firm based in China. 9 investments on record, latest Jul 2011. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/mustang-ventures (Millionrounds; every figure on the page links to its filing or article) China · [Investor](https://millionrounds.com/investors) # Mustang Ventures Last cheque observed Jul 2011. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet VC firm Series A Series B Venture Gaming Publishing Venture Capital & Private Equity Cheques on record **0%** of best year **0** **cheques in 12 months**, 9 on record Since the last cheque **5574** days **00** hrs **00** min **00** sec Median round **$18M** Rounds led **0 of 9** Exits **2 from the portfolio** Mostly in **United States, 88%** Pitch Mustang Ventures ## Mustang Ventures highlights - 01 9 rounds on record - 02 Mostly Series A and Series B: 75% of its rounds - 03 2 exits from the portfolio ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Gaming Publishing Venture Capital & Private Equity - **Based in:** China - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **9 appearances** - **2011** 1 round - **Jul** **[Blue Pumpkin Software](https://millionrounds.com/company/blue-pumpkin-software)** Venture · US **$19M** With 7 others - **2008** 2 rounds - **Aug** **[Profex](https://millionrounds.com/company/profex)** Series A · fiercebiotech.com **$16M** With 1 other - **Mar** **[Touchmedia](https://millionrounds.com/company/touchmedia)** Series B · CN **$14M** With 3 others - **2007** 1 round - **Nov** **[LEAD Therapeutics](https://millionrounds.com/company/lead-therapeutics)** Series A · US · leadtherapeutics.com **$17M** With 2 others - **2006** 1 round - **Nov** **[Etology.com](https://millionrounds.com/company/etology-com)** Series A · US · venturebeat.com **$4.0M** With 2 others - **2005** 1 round - **Oct** **[Vermont Teddy Bear](https://millionrounds.com/company/vermont-teddy-bear)** US · freshtrackscap.com **Undisclosed** With 1 other - **2000** 3 rounds - **Oct** **[Network Photonics](https://millionrounds.com/company/network-photonics)** Series B · US **$107M** With 4 others - **Oct** **[TeleKnowledge Group](https://millionrounds.com/company/teleknowledge-group)** Venture · US **$35M** With 5 others - **Oct** **[Agility Communications](https://millionrounds.com/company/agility-communications)** Series B · US **$70M** With 8 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 **1** person 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** **[Agility Communications](https://millionrounds.com/company/agility-communications)** Bought by JDSU **Undisclosed** Nov 2005 **[TeleKnowledge Group](https://millionrounds.com/company/teleknowledge-group)** Bought by MTS **Undisclosed** Dec 2004 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Series A Series B Venture Median round joined **$18M** the round, not its cheque Led 0 of 9 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Jul 2011 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Series A *3* - Series B *3* - Venture *2* Cheques by year Led Joined 2000 2011 Often in the room with - [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) 2 **Pitching Mustang Ventures?** 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 Mustang Ventures. A count of rooms they were both in, not a relationship either has claimed. [**U.S. Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/u-s-venture-partners-usvp) ## Quick answers about Mustang Ventures ### What does Mustang Ventures invest in? Mustang Ventures invests most often at Series A and Series B (75% of the rounds on record), in sectors such as Gaming, Publishing and Venture Capital & Private Equity. ### How active is Mustang Ventures? 9 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2011. ### How big are Mustang Ventures's cheques? The median round it joins is $18M. ### Does Mustang Ventures lead rounds? Rarely, if at all: none of its 9 investments on record names it as the lead. ### Where does Mustang Ventures invest? Most of the companies it backs are in the United States (88%) and China (13%). ### Is Mustang Ventures investing now? No investments in the last 12 months; the latest was in Jul 2011. ### Who does Mustang Ventures invest alongside? Most often U.S. Venture Partners (2 rounds together). ### What kind of investor is Mustang Ventures? Mustang Ventures is a VC firm based in China. ## 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. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=mustang-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=mustang-ventures)