BlackPine Group

BlackPine Group is a private investment firm based in Hong Kong, founded in 2011. The firm specializes in providing financing solutions to companies and asset owners with a focus on Greater China. BlackPine targets investment opportunities in sectors such as alternative protein, artificial intelligence, fintech, health tech, and web 3. The firm emphasizes an active role in its investments, collaborating closely with management teams to develop and implement strategic initiatives both domestically and internationally. By leveraging long-term relationships with strategic partners and portfolio companies, as well as a robust intermediary network, BlackPine maintains a keen awareness of business activities in the region, enabling effective deal sourcing and management.

Lawrence Chu

Founder and Managing Partner

27 past transactions

Terminal 3

Seed Round in 2025
Terminal 3 is a technology company specializing in data storage and access solutions for Web3. It enables users to securely store and manage their data, ensuring privacy and security, while allowing for seamless and controlled access across various applications and websites. The company achieves this by leveraging decentralized storage and advanced cryptographic techniques such as zero-knowledge proofs.

Terminal 3

Pre Seed Round in 2023
Terminal 3 is a technology company specializing in data storage and access solutions for Web3. It enables users to securely store and manage their data, ensuring privacy and security, while allowing for seamless and controlled access across various applications and websites. The company achieves this by leveraging decentralized storage and advanced cryptographic techniques such as zero-knowledge proofs.

Gusto Collective

Seed Round in 2022
Gusto Collective is an Asia-based Brand Technology holding company that blends narrative storytelling with immersive technology to redefine customer experiences. It bridges Web2 and Web3 through immersive storytelling and tech-enabled offerings, including Web3 market services, augmented reality, virtual human creation platforms, and luxury marketing services. The group employs more than 200 professionals across offices in Hong Kong, Shanghai, Singapore, Kuala Lumpur, Paris and London. Founded in 2020 by Aaron Lau, it serves a roster of luxury and premium brands, including Harrods, Canada Goose, Swire Hotels, Estee Lauder Companies, Tourism Australia and LVMH. By combining creative storytelling with data-driven technology, the firm aims to enhance marketing effectiveness and deliver high-end brand experiences.

Aspen Digital

Series A in 2022
Aspen Digital is an innovative technology-driven digital & crypto asset management platform co-founded in 2021 by Everest Ventures Group and TTB Partners. Aspen provides a comprehensive and user-friendly solution for professional investors and money managers, from High-Net-Worth Individuals, family offices, to securities brokerages, external asset managers, private bankers and investment advisors. Through a single account, Aspen provides a complete digital assets product shelf including trading execution, yield enhancement products, automated investment strategies, and offers comprehensive portfolio reporting, industry research & market insights, and custody solution. For more information visit https://www.aspendigital.co/

YAS

Seed Round in 2022
YAS MicroInsurance is a Hong Kong-based InsurTech company focused on revolutionizing the insurance industry through innovative technology. It offers on-demand MicroInsurance products designed to be simple, affordable, and flexible, catering to the unique needs of customers. Utilizing big data and artificial intelligence, YAS enables users to access tailored insurance coverage that enhances the purchasing experience. The YAS app allows individuals to activate protection for various everyday moments, whether commuting, engaging in outdoor activities, or caring for pets. By prioritizing user control and accessibility, YAS MicroInsurance aims to redefine traditional insurance practices, providing efficient solutions that meet the demands of modern consumers.

Talon

Series A in 2021
Talon Esports is a leading esports, culture, and lifestyle platform in Asia.

Terraformation

Seed Round in 2021
Terraformation focuses on reforestation and climate restoration. It provides services to accelerate carbon drawdown by supporting forest creation and restoration projects. The company develops climate-controlled seed banks of native species, pursues low-cost solar-powered desalination to address freshwater shortages, and offers open-source landscape monitoring software to help monitor forest health and progress. Through these offerings, Terraformation enables forest developers around the world to restore degraded ecosystems, increase carbon sequestration, and contribute to climate stabilization.

Mozza

Convertible Note in 2020
Mozza is a Los Angeles-based company founded in 2018 that specializes in the development of plant-based cheese products. The company aims to create cheese derived from plants that closely replicates the taste and texture of traditional dairy cheese. By utilizing bovine milk proteins, Mozza produces cheese that exhibits the same characteristics as its animal-derived counterparts, including melt, stretch, and flavor. This innovation provides consumers with a viable alternative to dairy cheese, catering to the growing demand for plant-based food options.

Envelop Risk

Series A in 2020
Envelop Risk Analytics Limited is a London-based company that specializes in providing cyber insurance analytics and underwriting services to insurers and reinsurers. Established in 2016, the firm leverages a combination of insurance expertise and artificial intelligence-driven cyber risk modeling to enhance the accuracy of policy and portfolio pricing. With additional offices in Boston, Washington, D.C., and Bermuda, Envelop Risk employs augmented intelligence approaches that integrate human expertise in cybersecurity and underwriting with advanced modeling and simulation techniques. This enables clients to gain valuable insights into potential attacker targets and assess their existing defenses, ultimately improving the effectiveness of their cyber insurance offerings.

K Health

Series C in 2020
K Health is a data-driven digital primary care company offering an AI-powered platform for personalized health management. It aggregates user data to build predictive models, enabling individuals to learn about their health by comparing themselves with others who share similar characteristics, and it provides a free symptom tracker. The platform supports remote care, including doctor consultations for well below a copay, and maintains users' medical history to deliver clinical data insights. Founded in 2016 as Kang Health and renamed K Health in 2018, the company is based in New York with an additional office in Israel. Its goal is to connect health data to enable accessible, data-informed primary care.

Fnatic

Series A in 2019
Founded in 2004, Fnatic is a global esports entertainment brand that operates professional video gaming teams competing worldwide. It offers gaming equipment such as keyboards, mice, headsets, and mousepads, along with apparel. With offices in London, Belgrade, and Cologne, Fnatic serves as a platform for brands to engage with young audiences.

IWA Sake

Series A in 2019
Sake

Everspin

Series B in 2018
Everspin, founded in 2014, is a cybersecurity company that has developed a novel security module technology aimed at enhancing mobile app security. The company addresses a fundamental issue in existing mobile cybersecurity solutions, where security modules remain static until app updates, leaving them vulnerable to hacking. Everspin's innovative approach allows for the real-time delivery of disposable security modules from its server to the user's application, significantly reducing the time available for hackers to exploit vulnerabilities. Currently focused on the mobile app market, Everspin plans to extend its versatile technology to web, PC, server, and IoT applications in the future. The company's solutions feature app, operating system, and memory forgery prevention, real-time hacking detection, and instant security updates without requiring user-side program updates. Everspin has garnered credibility by passing all security tests by the National Security Research Institute in Korea and securing numerous clients, including major banks.

Kenetic

Seed Round in 2016
Established in 2016 and based in Hong Kong, Kenetic is a trading and investment firm specializing in digital assets and blockchain-related companies. They employ proprietary technology for quantitative trading strategies and offer structured products tied to digital assets.

Oriente

Seed Round in 2016
Oriente is a financial services and technology company based in Central, Hong Kong, established in 2017. It focuses on promoting financial inclusion for underserved communities in emerging Asia by leveraging advanced technologies such as artificial intelligence, machine learning, and data science. Oriente offers innovative solutions, including real-time credit scoring and various lending services tailored for the needs of customers and micro, small, and medium enterprises. The company's key products are Cashalo, a mobile application that facilitates consumer lending in the Philippines, and Finmas, a peer-to-peer lending platform in Indonesia. Both applications have experienced significant growth in user adoption and transaction volumes since their launches, underscoring Oriente's commitment to providing accessible and affordable financial solutions to millions across Southeast Asia.

OST

Seed Round in 2016
Ost powers the Ethereum Application Layer. Ost technology features the industry’s first seamlessly embeddable Ethereum smart contract wallet — developers don’t need to learn blockchain, users don’t even need to know it’s crypto. -Turn any user action into a token transfer — e.g. any upvote, like, comment, review, message, consumption, engagement, wager -Micro-transactions made possible — process tx at fraction of a cent vs. $0.30 + 2.8% Stripe fees -Enabling the future promises of Libra, already today — simple, easy, peer-to-peer payments, way out ahead of the market -Regulatory compliant, FinCEN compliant, Apple app-store compliant -Pepo by Ost is the first crypto-powered app approved by Apple, with in-app purchase and cash-out options -Numerous 3rd party use cases

Letgo

Series B in 2016
Letgo is a mobile platform founded in 2015, facilitating local buying and selling of second-hand goods. With over 100 million downloads and 400 million listings, it's one of America's most popular apps for trading items, ranging from electronics and vehicles to clothing and furniture. Letgo's innovative features, such as image recognition and instant chat, simplify the process of listing items and connecting buyers and sellers. The platform's user-friendly interface allows users to snap a photo, and letgo automatically suggests a title, price, and category for the listing.

Lingvist

Series A in 2015
Lingvist Inc. is a language-learning platform based in Tallinn, Estonia, that harnesses artificial intelligence, natural language processing, and adaptive machine learning algorithms to enhance the efficiency of language acquisition. Founded in 2012, the company offers a subscription-based service accessible through web, iOS, and Android platforms, catering to users both in Estonia and globally. The platform is designed to improve vocabulary by using neural networks to evaluate the learner's existing knowledge and customize the learning experience according to individual needs. This approach allows users to develop their language skills more effectively, enabling better expression and understanding.

C2FO

Series E in 2015
C2FO is a global platform facilitating fast, flexible access to low-cost capital for businesses. Using patented Name Your Rate® technology, it connects companies with large enterprises for early payments, unlocking billions in risk-free capital. Headquartered in Kansas City, USA, C2FO has delivered over $275 billion in funding worldwide since 2008.

Venture Smart

Seed Round in 2015
Venture Smart is a financing advisory firm located in Causeway Bay, Hong Kong, specializing in investment advisory services and private wealth management. The company offers a range of financial services, including private equity placements, asset management, and securities trading. Venture Smart focuses on creating personalized investment portfolios tailored to clients' specific goals and risk tolerance, while also considering the broader global investment landscape. The firm serves a diverse clientele, including institutions, family offices, and individual investors, providing them with customized financial and insurance products to meet their evolving needs.

Velocity Black

Series A in 2015
Velocity Black is a global digital concierge and luxury conversational commerce platform designed to enhance the lives of premium consumers. The company aggregates demand from affluent clients and connects them with vetted suppliers across various sectors. Its proprietary, patent-pending software leverages artificial intelligence to support human experts in delivering personalized recommendations and facilitating bookings for an array of luxury services, including travel, dining, and unique experiences. By focusing on the needs of high-performance individuals, Velocity Black aims to empower clients to maximize their potential and navigate the complexities of the digital age with ease.

Lufax

Series A in 2015
Lufax is a technology-driven personal financial services platform in China, operating as an associate company of Ping An Insurance. It specializes in wealth management solutions for China's middle class and affluent population, along with retail credit facilitation services.

Sentient Technologies

Series C in 2014
Sentient Technologies (USA) LLC specializes in developing a data-analysis technology that facilitates the distribution of an artificial intelligence software platform across graphics and computer processors globally. Based in San Francisco, with an additional office in Amsterdam, the company employs distributed artificial intelligence to handle complex tasks and uncover critical insights in various sectors, including financial trading, healthcare, medical research, fraud detection, public safety, and e-commerce. Utilizing advanced techniques such as evolutionary computation and deep learning, Sentient's platform operates on a large scale, running multiple AI jobs on millions of processing nodes. This technology empowers businesses and researchers to tackle high-value, mission-critical problems by providing actionable results derived from extensive data analysis. As of March 2019, Sentient Technologies operates as a subsidiary of Evolv Technologies, Inc.

Wallapop

Series A in 2014
Wallapop is a hyper-local mobile marketplace for buying and selling secondhand goods, accessible through a mobile app. It uses geo-localized technology to connect a community of about 15 million users and features a catalog with hundreds of millions of items, enabling users to discover unique goods at good prices while extending the life of functional products. The platform supports listing and purchasing across categories, including vehicles, and lets users publish advertisements from mobile or computer. Wallapop aims to drive innovation in online classifieds and promote sustainability. It was founded in 2013 in Barcelona, Spain by Agustin Gomez, Miguel Vicente, and Gerard Olive.

Cortica

Series C in 2014
Founded in 2007, Cortica Inc. specializes in image understanding solutions. Its proprietary technology enables computers to interpret images and videos, extracting context and mapping concepts to keywords. Serving advertisers, publishers, and brands, Cortica's products enhance contextual inventory generation and relevant advertisement association.

WH Group

Venture Round in 2013
WH Group is a holding company and the world's largest vertically integrated producer of pork and related packaged meats. Its operations span both China and the United States, with major embedded assets including Henan Shuanghui Investment and Development Company in China and Smithfield Foods in the United States. The group covers the full value chain for pork and other meat products, including slaughtering, processing, packaging, distribution, and retail. It also engages in hog farming, logistics, and the manufacture of packaging materials, flavorings, and natural casings. WH Group owns and operates a network of packaged meat brands and retail channels, and maintains a significant domestic and international footprint through both its China and US franchises. The company traces its origins to Shuanghui and was renamed in the early 2010s; it is headquartered in Kowloon, Hong Kong, and has grown through a combination of acquisitions and integrated farming and processing operations to become a leading player in global pork supply.

China Evergrande Group

Funding Round in 2007
China Evergrande Group is one of the largest property developers in China, recognized for its extensive real estate portfolio that includes over 500 projects in more than 200 cities across the country. The company integrates various sectors, such as finance, healthcare, tourism, culture, and sports, alongside its primary focus on real estate, which accounts for 90% of its earnings. With total assets exceeding RMB 1 trillion and annual sales surpassing RMB 300 billion, Evergrande employs over 80,000 individuals and indirectly supports more than 1.3 million jobs. The firm has undergone significant organizational changes, including plans to spin off its real estate business into a separate entity. Founded by Hui Ka Yan, Evergrande has established itself as a prominent player in the global real estate market, ranking among the Top 500 companies worldwide.
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