CID Group

The CID Group is a private equity and venture capital firm established in 1998, headquartered in Taipei, Taiwan, with additional offices in Beijing, Shanghai, Chongqing, and San Francisco. The firm specializes in various investment strategies, including early and late-stage investments, growth capital, management buyouts, turnarounds, and spin-offs. It focuses on sectors such as information technology, healthcare, automotive, wireless communication, and technology services, while also targeting specific industries in Mainland China, including education and semiconductors. The CID Group typically acquires both minority and majority stakes in companies and collaborates with other private equity funds for co-investments. Its funds, including CID Greater China Fund IV and V, primarily invest in East Asia, emphasizing sectors like software, Internet/mobile services, consumer products, and healthcare.

Hubert Chang

Partner

Charles Chang

Senior Partner

Steven Chang

Managing Partner

Vincent Hou

Partner

Jason Hsieh

Partner

Howard S. Lee

Partner

Han Fei Lin

Partner

Chris Lin

Partner

Lisa Lo

Partner

David Man

Senior Associate

Rachel Sang

Partner

Jack Tsai

Partner

James Yang

Partner

David Yang

Partner

Jerry Yang

Partner

Past deals in Taiwan

CyCraft

Series B in 2019
CyCraft Technology Corporation, a technology company, develops and applies artificial intelligence to secure businesses with automation and resiliency. The company’s products include CyCraft AIR platform that detects real-time threats, discovers the root cause, and responses instantly; Xensor performs continuous threat hunting and eliminates hidden cyber threats; Cybertotal reviews alerts; and CyCarrier combines Forensic Telemetry Analysis (FTA), lateral movement correlation, malware modeling, and global threat intelligence. The company was founded in 2019 and is headquartered in New Taipei City, Taiwan with additional office in Japan.

CyCraft

Series A in 2018
CyCraft Technology Corporation, a technology company, develops and applies artificial intelligence to secure businesses with automation and resiliency. The company’s products include CyCraft AIR platform that detects real-time threats, discovers the root cause, and responses instantly; Xensor performs continuous threat hunting and eliminates hidden cyber threats; Cybertotal reviews alerts; and CyCarrier combines Forensic Telemetry Analysis (FTA), lateral movement correlation, malware modeling, and global threat intelligence. The company was founded in 2019 and is headquartered in New Taipei City, Taiwan with additional office in Japan.

91App

Series A in 2015
91App is a Taiwan-based company established in 2012 that specializes in creating customized applications for small merchants. The firm caters to both online vendors and brick-and-mortar stores, aiming to bridge online and offline commerce. By utilizing location tracking and data analytics, 91App enables brands to deliver targeted coupons and promotions, thereby increasing customer foot traffic to physical retail locations. The company's focus on tailored solutions positions it as a valuable partner for brands and retailers seeking to enhance their engagement with consumers.

Pamily

Seed Round in 2014
Pamily - Pet video made fantastic.

Pamily

Seed Round in 2014
Pamily - Pet video made fantastic.

Pubgame

Series A in 2013
PubGame is a Web and Mobile Games publishing platform operated by Net Publishing. Net Publishing helps Web and Mobile Games developers and publishers worldwide reach more players and generate more revenue in Southeast Asian markets.  Net Publishing specializes in marketing, distributing and monetizing of games, so that its partners can focus on building the best games.

CrownBio

Series C in 2011
CrownBio is a Cutting Edge Translational Technology Company Making Precision Medicine a Reality CrownBio brings clarity to drug discovery around the world by helping biopharmaceutical companies solve some of today's most pressing challenges in oncology, cardiovascular, and metabolic disease Drug Discovery. Their premier Translational Platforms for cancer and metabolic disease help our clients accelerate their new drug development programs. CrownBio develops world-leading preclinical efficacy models and provides both in vitro and in vivo testing services and preclinical research products. They are a global company with facilities across the world in the United States, United Kingdom, China, and Taiwan.

Brighton Best International

Venture Round in 2007
Brighton Best International is a wholesale company offering fasteners, screws, and bolts.

Young Fast Optoelectronics

Venture Round in 2007
Young Fast Optoelectronics Co., Ltd. manufactures and sells touch panel sensor (TPS) products in Taiwan and internationally. It provides resistive touch panels, which are used for various applications, such as mobile phones, PDAs, GPS navigation devices, and other consumer electronics; and flat resistive touch screens that enable customers to design and integrate wide-screen touch displays. The company also offers capacitive touch panels for high-end cellular phones, smart phones, mobile appliances, digital cameras, car navigation systems, and other consumer electronic devices, as well as industrial control touch panels and touch screen monitors. In addition, it provides support and services comprising preliminary feasibility evaluation, market channel planning, engineering drafting, cost estimation, and mass production scheduling. The company was formerly known as The Optoelectronics Division and changed its name to Young Fast Optoelectronics Co., Ltd. in January 2000. Young Fast Optoelectronics Co., Ltd. was founded in 1999 and is headquartered in Taoyuan, Taiwan.

Super Dragon Technology

Venture Round in 2006
Super Dragon Technology Co Ltd is an environmental technology company. It is engaged in waste recycling and precious metal refining. It processes and sells mixed hardware of precious metals, recycled products, hardware parts, and other components. Its revenue mainly comes from the trading of precious metals. Geographically its key revenue comes from Taiwan and the rest from China.

Formosa Epitaxy

Venture Round in 2006
Formosa Epitaxy focuses on pure-play high power InGaN Led wafer and chip manufacturing. The company's products are used in signal and backlight, full-color display, and illumination applications.

Gamma Optical

Venture Round in 2005
Gamma Optical manufactures and sells optical film for liquid crystal displays. The company’s products include MP2/BMP3 series to modify the movie effect; GP series, a standard lens shape; BGP series, a low-chroma optical film; and RMP2/BRMP3 series comprising reverse prism products.

iROC

Venture Round in 2005
IROC CO., LTD. is a Taiwan-based company engaged in the manufacture and distribution of controller chips.

WSE

Venture Round in 2004
WSE is engaged in COG packaging and testing.

Alpha Networks

Venture Round in 2004
Alpha Networks Inc. designs, manufactures, and services networking products worldwide. The company offers LAN/MAN products, including bare metal, data center, enterprise, SMB, metro Ethernet access, broadband access, and industrial Ethernet switches; and wireless broadband products, such as small cells, LTE and VDSL routers, and GPON and VDSL IAD devices. It also provides wireless routers and WLAN access point products; and digital multimedia products, which include IP cameras and smart home products. In addition, the company offers mobile enterprise solutions, such as intelligent radars. Alpha Networks Inc. was founded in 2003 and is headquartered in Hsinchu, Taiwan. Alpha Networks Inc. operates as subsidiary of Qisda Corporation.

Topray

Venture Round in 2003
Topray engages in the research and development, manufacture, and sale of disk drive read heads.

Prolific Technology

Venture Round in 2002
Prolific is an IC and ASIC design service provider for USB smart I/O, intelligent green energy saving, and mixed-mode hall sensor solutions.

MStar Semiconductor

Venture Round in 2002
MStar Semiconductor, Inc., an integrated circuit (IC) design company, provides mixed-mode integrated circuit technologies. It delivers multimedia, wireless communications, and mixed-mode ICs, as well as offers intellectual property (IP) development services. The company provides display IC products; technology solutions in analog and digital designs for the mixed mode ASIC services; and analog IP development services. It serves display IC and Mixed-mode ASIC/IP markets. MStar Semiconductor, Inc. was founded in 1998 and is based in Hsinchu Hsien, Taiwan with a sales office in Taipei, Taiwan.

SMIC

Venture Round in 2002
Semiconductor Manufacturing International Corporation (SMIC) is a semiconductor foundry providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. SMIC develops one-stop turnkey services to meet its customers’ needs. In addition to IC manufacturing, SMIC offers a full range of services that includes design services, mask manufacturing, and testing. SMIC provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an international manufacturing and service base. In China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab and a majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping facility in Jiangyin; additionally, in Italy SMIC has a majority-owned 200mm fab. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai, a 300mm mega-fab in Beijing, a 200mm fab in Tianjin, and a 200mm fab project under development in Shenzhen. SMIC also has customer service and marketing offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong. SMIC competes with Taiwan Semiconductor Manufacturing Company, Ltd., United Microelectronics Corporation, GlobalFoundries, Fujitsu Limited, Samsung Electronics Co., Ltd., and Toshiba Corporation.

Shun On Electronic

Venture Round in 2002
Shun On Electronic Co., Ltd. is a Taiwan-based company specializing in the research, manufacturing, and sale of computer components and automotive electronic products. Established in 1996 and headquartered in Taipei City, the company produces a range of items including membranes for computers, communication devices, and consumer electronics, as well as components for peripherals like keyboards and mice. Additionally, Shun On manufactures automotive electronics, such as camera modules and collision warning systems. The company also offers advanced engineering products, including various metallic and composite materials, intelligent manufacturing solutions, and environmental engineering products. While it operates internationally, its primary market is in Mainland China.

Solomon Systech

Venture Round in 2002
Solomon Systech (International) Ltd, along with its subsidiaries is a semiconductor company specializing in the design, development, and sales of integrated circuit products and system solutions for various applications like smartphones, smart televisions, and other smart devices including consumer electronics products, wearables, portable devices, and industrial appliances. Geographically, the company's business is spread across Taiwan, China, Europe, Japan, Korea, South East Asia, the United States of America and other regions. Hong Kong generates maximum revenue for the company.

Wiseware Technology

Venture Round in 2002
Wiseware Technology is a digital image designer that develops innovative flat-panel display driver ICs and SoC solutions and services.

Richtek Technology

Venture Round in 2001
Richtek Technology Corporation is an analog integrated circuit company based in Zhubei, Taiwan, specializing in power management solutions for both domestic and international markets. The company designs, manufactures, and distributes a wide range of products, including linear regulators, switching regulators, battery management systems, and power protection integrated circuits. Its offerings encompass DC/DC converters, LED drivers, audio amplifiers, and motor controllers, among others. Richtek's products are utilized in various applications such as motherboards, notebooks, LED lighting, handheld devices, and large flat panel displays. Additionally, the company provides technical documentation, reference designs, and design tools to support its customers. Founded in 1998, Richtek Technology Corporation operates as a subsidiary of Hsu-Si Investment Corp.

Tainet Communication System

Venture Round in 2001
Tainet Communication System Corp is a manufacturer of digital transmission and switching equipment, data terminal equipment, line interface equipment (including telemetry devices), communication and traffic. Manufacturing, processing, trading and installation engineering business of replacement equipment, programmable power supplies, etc.

APEC

Venture Round in 2000
Established in 1998, APEC is the first company to successfully integrate the 6-inch DMOS process in Taiwan with ISO9001 certification. APEC provides total solutions for new power requirements in MOSFETs, IGBTs. The company’s products are broadly applied in the computing, consumer electronics, display, communications and industrial segments. APEC distinguishes itself from the rivals by being chosen as a strategic partner of leading semiconductor firms, because of its relatively large economies of scale and the steady sales growth. APEC’s commitment to consistent quality assurance and the increased economies of scale has enhanced the company’s market position for MOSFET components in Taiwan. APEC anticipates to enlarge its domestic market share and also expand to overseas markets.

Quanta Display, Inc.

Venture Round in 1999
Quanta Display, Inc is manufactures thin film transistor-liquid crystal display panels in Taiwan.

Flexium Interconnect

Venture Round in 1999
Flexium Interconnect, Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of flexible printed circuit (FPC) boards in Taiwan, China, rest of Asia, Europe, and America. The company provides single-sided, double-sided, multilayer, and rigid-flex FPC boards. It also manufactures build-up copper clad laminate; researches and develops, manufactures, processes, trades, and repairs build-up printed circuit boards (PCB), flexible PCB, related semi-finished goods and parts, parts for semi-finished goods of polyimide film base copper clad laminate, and molds, tools, and clamping apparatuses; and sells raw materials. The company’s products are used in computers, LCD screens, consumer-type electronic products and equipment, and items related to the automobile GPS screens. Flexium Interconnect, Inc. was founded in 1997 and is headquartered in Kaohsiung, Taiwan.
TSMC Design Technology Japan, Inc. specializes in developing design solutions for semiconductors, addressing various applications in sectors such as computing, communications, consumer electronics, industrial, and standard markets. Founded in 2020 and headquartered in Yokohama, Japan, the company focuses on delivering products that serve multiple end markets, including mobile devices, high-performance computing, automotive electronics, and the Internet of Things (IoT). As a subsidiary of Taiwan Semiconductor Manufacturing Company, TSMC Design Technology Japan plays a crucial role in supporting the semiconductor industry by providing advanced design enablement solutions that foster innovation.

Asia Vital Components

Venture Round in 1999
Asia Vital Components Co. Ltd. is a manufacturer based in New Taipei City, Taiwan, specializing in a wide range of electronic and thermal solutions. Established in 1991, the company produces various products including DC and EC fans, thin centrifugal fans, fan arrays, heat sinks, heat pipes, radiators, and compressor radiators. Its offerings extend to the design and manufacture of computer-related casing systems, camera modules, hinges, touch panels, and motherboards. Asia Vital Components serves multiple sectors such as computers, communication equipment, automotive, energy, and industrial cooling, providing essential components and assembly services that cater to global markets.