# SBCVC: portfolio, investments and team

> SBCVC is a vc firm based in China. 15 investments on record, latest Mar 2019. Portfolio, stages, co-investors and team.

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

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

# SBCVC

No cheque observed since Mar 2019, after 15 earlier cheques, and the website is dead.

Dormant New fund $458M, Mar 2018 VC firm

Seed Series A Series B Hotel Traveltech Hospitality

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 15 on record

Since the last cheque **2770** days **00** hrs **00** min **00** sec

Median round **$29M** Rounds led **0 of 15** Sole investor **2 rounds** Mostly in **China, 87%**

Pitch SBCVC

## SBCVC highlights

- 01 15 rounds on record
- 02 Mostly Series B and Series C: 67% of its rounds
- 03 Sole investor in 2 rounds, median $23M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Hotel Traveltech Hospitality
- **Based in:** Shanghai, China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **15 appearances**

- **2019** 1 round
- **Mar** **[Dingdang Kuaiyao](https://millionrounds.com/company/dingdang-kuaiyao)** CN · Voice **$89M** With 2 others
- **2018** 4 rounds
- **Dec** **[Huilianyi](https://millionrounds.com/company/huilianyi)** Series C · CN · China Money Network **$15M** Sole investor
- **May** **[COWAROBOT](https://millionrounds.com/company/cowarobot)** CN · Kr-asia **$21M** With 4 others
- **Apr** **[Innovative Cellular Therapeutics](https://millionrounds.com/company/innovative-cellular-therapeutics)** CN · China Money Network **$29M** With 3 others
- **Apr** **[MobileMD](https://millionrounds.com/company/mobilemd)** CN · China Money Network **$48M** With 5 others
- **2017** 4 rounds
- **Dec** **[ObEN](https://millionrounds.com/company/oben)** Series A · US · News **$14M** With 2 others
- **Nov** **[Malong Technologies](https://millionrounds.com/company/malong-technologies)** CN · China Money Network **$31M** Sole investor
- **Nov** **[Annoroad](https://millionrounds.com/company/annoroad)** CN · China Money Network **$100M** With 2 others
- **May** **[G-Banker](https://millionrounds.com/company/g-banker)** Series C · CN · DealStreetAsia **$29M** With 2 others
- **2016** 1 round
- **Nov** **[Fillr](https://millionrounds.com/company/fillr)** Series A · US · FinSMEs **$3.9M** With 1 other
- **2013** 1 round
- **Nov** **[8Trip](https://millionrounds.com/company/8trip)** Venture · CN · tnooz.com **$25M** With 1 other
- **2008** 3 rounds
- **Oct** **[Chemclin](https://millionrounds.com/company/chemclin)** Series B · CN · equityhelpdesk.com **$17M** With 4 others
- **Aug** **[R&V](https://millionrounds.com/company/r-and-v)** Series B · CN · jlmpacificepoch.com **$20M** With 1 other
- **Aug** **[Global Data Solutions](https://millionrounds.com/company/global-data-solutions)** Series C · CN **$45M** With 5 others
- **2007** 1 round
- **Mar** **[Global Data Solutions](https://millionrounds.com/company/global-data-solutions)** Series B · CN **$30M** 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

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

AS **Alan Song** Promoter i Filing they signed

CS **Chauncey Shey** Promoter i Filing they signed

KC **Kathy Chen** CFO i Form ADV

PH **Peter Hua** Promoter i Filing they signed

PH **Ping Hua** Promoter i Filing they signed

TL **Tim Liu** Promoter i Filing they signed

We also hold **12** 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

**$1.5B** gross assets of its funds Oct 2026

**3+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Sbcvc Holdings Limited
- **SEC number:** CRD 162867

New fund on file

**$458M**

raised in Mar 2018

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 **$29M** the round, not its cheque Alone, median **$23M**

Led 0 of 15 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Mar 2019

Rounds by stage said on their site

- Series B said *3*
- Series C *3*
- Series A said *2*
- Venture *1*
- Seed said *-*
- Growth said *-*

Cheques by year Led Joined

2007 2019

Often in the room with

- [Saif Partners](https://millionrounds.com/fund/saif-partners) 4
- [Everbright](https://millionrounds.com/fund/everbright) 2
- [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) 2
- [Shenzhen GTJA](https://millionrounds.com/fund/shenzhen-gtja) 2

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## Who they invest alongside

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

[**Saif Partners** Private equity **4** rounds together](https://millionrounds.com/fund/saif-partners)[**Everbright** Fund of funds **2** rounds together](https://millionrounds.com/fund/everbright)[**International Finance Corporation** Government **2** rounds together](https://millionrounds.com/fund/international-finance-corporation-ifc)[**Shenzhen GTJA** Investment firm **2** rounds together](https://millionrounds.com/fund/shenzhen-gtja)

## Recently backed

The latest companies SBCVC put money into.

[**Huilianyi** $15M · Dec 2018](https://millionrounds.com/company/huilianyi)[**COWAROBOT** $21M · May 2018](https://millionrounds.com/company/cowarobot)[**Malong Technologies** $31M · Nov 2017](https://millionrounds.com/company/malong-technologies)

## Quick answers about SBCVC

### What does SBCVC invest in?

SBCVC invests most often at Series B and Series C (67% of the rounds on record), in sectors such as Hotel, Traveltech and Hospitality.

### How active is SBCVC?

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

### What has SBCVC invested in recently?

Its most recent investments on record: Dingdang Kuaiyao (Undisclosed round, Mar 2019), Huilianyi (Series C, Dec 2018) and COWAROBOT (Undisclosed round, May 2018).

### How big are SBCVC's cheques?

The median round it joins is $29M.

### Does SBCVC lead rounds?

Rarely, if at all: none of its 15 investments on record names it as the lead.

### Where does SBCVC invest?

Most of the companies it backs are in China (87%) and the United States (13%).

### Is SBCVC investing now?

It looks quiet: no investment on record since Mar 2019.

### Who does SBCVC invest alongside?

Most often Saif Partners (4 rounds together), Everbright (2 rounds together) and International Finance Corporation (2 rounds together).

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