Mustang Ventures

Mustang Ventures is a venture firm based in China that focuses on investing in early-stage companies that take advantage of China's intellectual talent, domestic market, cost structure, and export capability. The team combines local investment experience, senior operating leadership, and a global network to support entrepreneurs in achieving market success. They provide guidance to portfolio companies in all aspects of company building, from idea conceptualization to creating large and profitable businesses. Leveraging their operational and investment expertise, Mustang Ventures collaborates with entrepreneurs to develop world-class organizations.

Feng, Yiming

Venture Partner

13 past transactions

Profex

Series A in 2008
Profex, founded in 2001, is a pioneering international dermatology company based in China. It specializes in sourcing high-quality dermatological products globally and introducing them to Chinese dermatologists, patients, and consumers. Profex's commitment lies in promoting long-term advancements in dermatology within the country by offering a wide range of skincare treatments, dermo-cosmetic products, hair loss solutions, feminine hygiene items, wound healing aids, and scar treatment options at affordable prices.

Touchmedia

Series B in 2008
Touchmedia is a Chinese company established in 2003 that specializes in interactive advertising and experience-based marketing services. It operates an innovative in-taxi advertising platform utilizing its patented mobile touch interaction technology, which enhances consumer engagement through interactive media. By collaborating closely with taxi companies, Touchmedia has successfully commercialized its services in major cities such as Shanghai, Guangzhou, and Beijing, resulting in significant growth in the number of taxis equipped with its technology. The company's platform enables brands to integrate live chat and personalized self-service options into their advertising, thereby improving consumer involvement and enhancing advertising effectiveness. Through these efforts, Touchmedia aims to boost conversion rates and improve advertising attribution for its clients.

LEAD Therapeutics

Series A in 2007
LEAD Therapeutics, Inc. is a chemistry-driven drug discovery company focused on delivering novel and differentiated small molecule IND candidates against clinically validated therapeutic targets, focused primarily on the treatment of Cancer and infectious diseases.

Etology.com

Series A in 2006
Etology, Inc. operates an online marketplace that connects publishers and advertisers for the buying and selling of advertising space on websites. Founded in 2005 and headquartered in Foster City, California, the company allows website owners to directly sell their advertising space while enabling advertisers to place various types of ads, including text and banner advertisements, on these sites. To facilitate this process, Etology provides tools such as a seller's dashboard for website owners to register and manage their advertising inventory. The platform aims to optimize traffic and enhance revenue generation for both advertisers and publishers by offering customized media plans and robust reporting features, thereby making it easier for users, regardless of their experience level, to achieve positive returns on investment.

Vermont Teddy Bear

Venture Round in 2005
Vermont Teddy Bear is a manufacturer and distributor specializing in handcrafted teddy bears and personalized gift products. Founded in Vermont, the company began with a single artisan creating bears in a garage and has since grown to become a beloved brand known for its quality and craftsmanship. Each teddy bear is meticulously designed and guaranteed for a lifetime, making them cherished gifts for a wide range of occasions, including birthdays, weddings, and holidays. In addition to teddy bears, Vermont Teddy Bear also offers pajamas and floral products, ensuring that there are thoughtful gift options for men, women, and children alike. The company's products are designed to be more than just toys; they are intended to be lifelong companions and treasured heirlooms.

Followap

Series B in 2001
Followap was a pioneering provider of mobile instant messaging and presence solutions, founded by Dan Volach and Ben Volach in 1999. The company played a significant role in the mobile industry, enabling over 20 major mobile operators to offer advanced, interoperable messaging services, which catered to a user base of more than 200 million subscribers. Followap launched the first commercial mobile messenger service in 2000 in partnership with Eircell, Ireland's largest mobile network. The company held numerous patents and actively contributed to standardization efforts in several industry forums. It collaborated with prominent device manufacturers such as Samsung, Nokia, and LG, and worked with key clients including the Vodafone Group and Turkcell. Followap's innovations in mobile messaging laid the groundwork for popular services like WhatsApp and WeChat, particularly after the rise of smartphones. The company's interconnect products supported the global adoption of instant messaging across networks. Followap was headquartered in London, with additional offices in Europe, the United States, and Asia, until its acquisition by Neustar.

Clustra Systems

Series B in 2001
Clustra Systems, Inc. develops database software and data management solutions for telecommunication, mobile data, Internet infrastructure, and e-commerce database applications. The company offers clustered and high-availability databases that are required by telecoms and service providers. Clustra Systems, Inc. provides data servers that enable online applications to provide online services to customers. The company was founded in 1997 and is based in Oakland, California.

PacketVideo

Series E in 2001
PacketVideo is a software company based in San Diego, California, specializing in wireless multimedia solutions. The company develops applications that facilitate the delivery of rich media services, including video playback, on mobile devices. Its flagship product, PV's Core, serves as a framework that simplifies the development of mobile multimedia applications across various networks and handsets. By focusing on enhancing the user experience in mobile media consumption, PacketVideo plays a significant role in the evolution of multimedia technology for mobile platforms.

CODEON

Series D in 2001
CODEON Corporation designs and manufactures state-of-the-art optical components for the fiber optic telecommunications industry.

Network Photonics

Series B in 2000
Network Photonics is developing the third-generation of all-optical dense wavelength division multiplexing (DWDM) transport networks designed for competitive metropolitan area service providers. Its optical network solutions are based on its patent-pending CrossWave(TM) technology, which enables high-performance DWDM networks without resorting to expensive optical- to-electronic-to-optical conversion.

Agility Communications

Series B in 2000
Agility Communications, Inc. provides laser solutions for the optical network. The company focuses on offering tunable transponder and tunable laser solutions for carriers and system providers. It offers tunable transmitter and transponder products. The company was founded in 1998 and is based in Santa Barbara, California. As of November 30, 2005, Agility Communications, Inc. operates as a subsidiary of JDS Uniphase Corp.

Chiaro Networks

Series C in 2000
Chiaro Networks, Inc. engages in the design, manufacture, and delivery of Internet protocol/multi protocol label switching in the United States.

MoreMagic Solutions

Venture Round in 2000
MoreMagic Solutions is a global company that specializes in mobile commerce and financial services, facilitating transactions between mobile operators, financial institutions, retailers, and consumers. The company provides a high-throughput payment engine and pre-packaged applications that enable businesses to offer electronic payment services, allowing consumers to purchase goods and services on demand through mobile phones or the web. MoreMagic's solutions are designed for rapid implementation within existing networks and aim to generate new revenue streams for its customers. The average return on investment for businesses utilizing their services typically ranges from three to six months.
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