Darwin Management

Darwin Venture Management is a boutique investment firm founded in 2009 and headquartered in Taipei, Taiwan. The firm specializes in venture capital, focusing on emerging growth companies in sectors such as biotechnology, software, consumer products, materials and equipment, semiconductors, and communications. Co-founders Dr. Simon Fang and Dr. Yaoting Wang, both Stanford graduates, bring extensive experience from their careers in technology and entrepreneurship. They have a successful track record as angel investors, having invested in over 20 companies with substantial returns. In 2014, Dr. YJ Tsai joined as a partner, further strengthening the team's expertise. Darwin manages four late-stage venture funds and also offers business and technical consulting services to local entrepreneurs, facilitating connections with the venture communities in Greater China and Silicon Valley. Through its hands-on support, Darwin aims to enhance the growth potential of local startups.

Simon Fang

Co-Founding Partner

Kazuaki Konno

Venture Partner

Kay Lin

Managing Partner

Jason Lu

Investment Director

Wei-Hsuan Tang

Principal

Steven Teng

Investment Director

YJ Tsai

Partner

Yeou-Jyh Tsai

Partner

Yao-Ting Wang

Co-Founding Partner

Emily Wu

Partner

Vivian Yu

Vice President

31 past transactions

Cytena Bioprocess Solutions

Venture Round in 2021
Cytena Bioprocess Solutions, founded in 2018 as a spin-off from cytena GmbH, specializes in developing bioprocess equipment with a focus on automation and microtechnology. The company provides innovative cell culturing techniques primarily for the pharmaceutical industry and leading research institutions. Through collaborations with top academic and industrial partners, Cytena Bioprocess Solutions is dedicated to advancing research, development, and practical applications in bioprocessing. Leveraging the resources and expertise of its parent company, Cytena GmbH, the firm aims to introduce novel products to the global bioprocess market.

Numbers Protocol

Venture Round in 2021
Numbers provides apps and tools to help users create tamper-proof records of media content. There are three core components of the company's product: Capture, Seal, and Trace. Capture generates the birth certificate of media content, Seal preserves the integrity with immutable records, and Trace footprints at every level from creation to archive. The sources of media content include mobile cameras or professional cameras. All media content created by the Numbers Capture comes with a unique certification. When the content is shared, viewers can scan a QR code to review and verify it. Numbers Protocol is a Taiwan startup founded in May 2019.

Cardio Ring

Venture Round in 2020
Cardio Ring is developing a sensor technology that could accurately measure blood pressure continuously and noninvasively. Its platform design on which varieties of products could be derived and measurement sites could be applied.

AsiaYo

Convertible Note in 2020
Founded in June 2013 and based in Taipei, AsiaYo is an online room booking platform that connects travelers with over 60,000 uniquely designed accommodations across 60 cities in Taiwan, Japan, Korea, Thailand, and Hong Kong. The platform allows local hosts to list their unused spaces, providing them with an opportunity to reach an international audience. AsiaYo enhances the travel experience by offering promotional discounts and special coupons, while also eliminating service fees, allowing travelers to enjoy accommodations that surpass traditional hospitality standards at competitive prices.

Nelumbo

Series A in 2020
Nelumbo Inc. manufactures thin superomniphobic nanocoating for air conditioning cooling coil fins and refrigerators. The company manufactures products, such as Ice-Nein and Omniphobe. Ice-Nein coating attacks frost build up to improve cooling coils for refrigeration equipment and reduces equipment defrosting downtime; and Omniphobe coating improves cooling coils for air conditioning equipment. The company caters to the heating and cooling industry. Nelumbo Inc. was founded in 2015 and is based in Menlo Park, California.

Atgenomix

Series A in 2020
Atgenomix is a developer of a genomic data platform that focuses on simplifying and enhancing the accuracy of complex genomic insights. The company utilizes high-performance parallel computing and open-source bioinformatics to create a scalable Bio-IT platform hosted on the Microsoft Azure secure enterprise cloud. This innovative approach enables bioinformatics professionals to conduct various analyses, including germline and somatic studies, effectively accelerating research efforts. By integrating advanced computing strategies, Atgenomix aims to empower its customers and partners in the pursuit of precision medicine.

Bubbleye

Series A in 2019
Bubbleye is a rapidly growing AI startup specializing in mobile marketing solutions. With R&D headquarters in Taipei and business development teams operating globally, the company addresses inefficiencies in mobile user acquisition through the use of automation and inferential algorithms. Founded by an international team of AI experts and mobile gaming enthusiasts, Bubbleye boasts a diverse cultural background, drawing talent from Italy, Taiwan, the USA, and the UK. The firm has gained recognition and support from notable investors, including alumni from prominent organizations and accelerators. Its client base includes leading game publishers from the Americas, Europe, and Asia, reflecting its commitment to enhancing mobile marketing performance through innovative technology.

Flow Solutions

Seed Round in 2019
Flow Solutions, Inc., founded in 2016 and based in Yokohama, Japan, specializes in developing InSight, a store analysis platform tailored for the retail industry. The company utilizes Internet of Things (IoT) technology and existing retail data sources to standardize data communication across extensive retail chains. By integrating artificial intelligence, Flow Solutions empowers organizations to make data-driven decisions at all levels, enhancing operational efficiency and strategic planning within the retail sector.

Carota

Series B in 2019
Carota Technology Corporation, founded in 2011 and based in Taipei, Taiwan, specializes in developing over-the-air (OTA) programming solutions for the automotive and Internet of Things (IoT) sectors. The company offers a range of technologies, including safety systems, stable level technology, and upgraded devices with self-adjustment capabilities. Carota focuses on delivering reliable and secure OTA solutions that enhance vehicle software, allowing automotive manufacturers to improve features such as assisted driving and entertainment systems. Committed to innovation, Carota invests significantly in research and development, aiming to provide customized services that address the specific needs of its clients.

Foresee pharma

Venture Round in 2019
Foresee Pharmaceuticals Co., Ltd. is a clinical-stage pharmaceutical company based in Taipei, Taiwan, focused on the development and commercialization of innovative drugs. The company specializes in stabilized injectable formulations, with a pipeline that includes FP-001 for advanced stage prostate cancer, FP-004 for opioid use disorder, and FP-011 and FP-014 for breast and prostate cancer treatment. Additionally, it is developing FP-002 for acromegaly and FP-008 for diabetic retinopathy. Foresee also works on new chemical entities, such as FP-020 for Alport syndrome and FP-025, currently in Phase II trials for asthma and chronic obstructive pulmonary disease. Founded in 2013, Foresee Pharmaceuticals aims to address high unmet medical needs and enhance patients' quality of life through its proprietary drug delivery technology, with all revenue generated from its operations in Taiwan. The company has established strategic partnerships with firms like Pierre Fabre Medicament Production and ScinoPharm.

Jubo

Seed Round in 2019
Jubo delivers exceptional care experience by connecting healthcare data, empowering caregivers, and engaging family in long-term care.

FRAMED

Seed Round in 2018
FRAMED is a Japan-based company that operates an online marketplace specializing in digital art. It provides a platform for showcasing a diverse range of digital artworks, including interactive art, web applications, motion graphics, and illustrations. By enabling users to display these digital pieces in everyday environments, FRAMED aims to enhance the accessibility and visibility of digital art in contemporary settings.

KDAN

Series A in 2018
Kdan Mobile Software Ltd. is a global company that specializes in mobile software applications and online services, aimed at enhancing productivity and creativity. Founded in 2009 and headquartered in Tainan City, Taiwan, the company has expanded its presence with offices in Taipei, Huntingdon, Changsha, Beijing, and Tokyo. Kdan Mobile offers a variety of solutions, including Creativity 365, a comprehensive content creation suite featuring applications such as Animation Desk and Write-on Video, and Document 365, which provides tools for document management, including a PDF reader and online converting services. Other notable offerings include Kdan Cloud, a collaborative workspace, DottedSign for eSignature management, and Kdan PDF SDK for developers. Additionally, Kdan Mobile features My Markups for web page sharing and AniZone for video publishing and interaction. With over 200 million downloads globally, Kdan Mobile serves a diverse clientele, empowering users to create, distribute, and manage their projects effectively across various digital platforms.

Mikobeaute

Venture Round in 2018
Mikobeaute International Co Ltd is a Taiwan-based company engaged in the wholesale and retail trade of cosmetics. The company sells various cosmetic products through brands like EDN, Nu derma, Mikobeaute Spa, and L'HERBOFLORE.

Zuvio

Funding Round in 2018
Zuvio is a developer of a comprehensive education platform aimed at enhancing the college experience for students. Its primary offerings include the Zuvio IRS, a cloud and mobile-based interactive classroom solution, and Zuvio Campus, a cross-campus social networking service. These tools enable students to participate in online role calls, submit homework, and collaborate on group projects, effectively fostering communication and engagement within the educational environment. With a significant presence in Taiwan, Zuvio has captured over 50% of the market share, positioning itself as a vital channel connecting students with brands and enterprises, while addressing their everyday campus needs.

Inline

Seed Round in 2018
Inline is an online booking management system tailored specifically for restaurant owners. It helps streamline operations by reducing errors and enhancing efficiency in handling reservations. The app automates the booking process by sending text message confirmations to guests, allowing for real-time responses to be displayed. This functionality aims to simplify reservation management, ultimately supporting restaurant owners in providing better service and optimizing their workflow.

Atgenomix

Seed Round in 2017
Atgenomix is a developer of a genomic data platform that focuses on simplifying and enhancing the accuracy of complex genomic insights. The company utilizes high-performance parallel computing and open-source bioinformatics to create a scalable Bio-IT platform hosted on the Microsoft Azure secure enterprise cloud. This innovative approach enables bioinformatics professionals to conduct various analyses, including germline and somatic studies, effectively accelerating research efforts. By integrating advanced computing strategies, Atgenomix aims to empower its customers and partners in the pursuit of precision medicine.

AsiaYo

Series A in 2017
Founded in June 2013 and based in Taipei, AsiaYo is an online room booking platform that connects travelers with over 60,000 uniquely designed accommodations across 60 cities in Taiwan, Japan, Korea, Thailand, and Hong Kong. The platform allows local hosts to list their unused spaces, providing them with an opportunity to reach an international audience. AsiaYo enhances the travel experience by offering promotional discounts and special coupons, while also eliminating service fees, allowing travelers to enjoy accommodations that surpass traditional hospitality standards at competitive prices.

Mikobeaute

Venture Round in 2016
Mikobeaute International Co Ltd is a Taiwan-based company engaged in the wholesale and retail trade of cosmetics. The company sells various cosmetic products through brands like EDN, Nu derma, Mikobeaute Spa, and L'HERBOFLORE.

Insto

Seed Round in 2015
INSTO is the world's first person-to-person payment platform that allows buyers and sellers to schedule payments over time. Buy or sell anything, and schedule recurring payments for things like services or rent.

Global Compound Semiconductor

Venture Round in 2013
Global Communication Semiconductors is a manufacturer and offers foundry services for RF/Wireless and Optoelectronics. The company was founded in 1997 and is headquartered in Torrance, California, United States.

Asolid Technology

Venture Round in 2013
ASolid Technology Co Ltd is a Taiwan-based company mainly engaged in the designing and selling of flash memory controllers and peripheral system applications. It is involved in providing NAND flash controllers. Its product lists cover SD/microSD controller and USB flash drive controller, eMMC controller, and SSD controller solutions, combined with the Wear-Leveling Algorithm, ECC, and Bad Block Management technologies. The group geographically operates in China, South Korea, Taiwan and Others. It derives maximum revenue from China.

Broadweb

Venture Round in 2011
Developer of network content security technology. The company develops high speed network traffic identification, detecting advanced network threats and providing information security defense technology.

Zuoan Fashion Limited

Venture Round in 2010
Zuoan Fashion Ltd. (Zuoan) is a casual menswear company. The Company's products are designed in-house and sold under its Zuoan brand. The Company offers a range of products, including men's casual apparel, footwear and lifestyle accessories, primarily targeting urban males between the ages of 20 and 40. Zuoan sells its products through a distribution network covering 31 of China's 32 provinces and centrally administered municipalities, as well as through its direct stores.

China Xiniya Fashion

Venture Round in 2010
Xiniya brand began in 1993, the brand has a long history and rich cultural heritage, adhering to the tradition of excellent garment, a blend of modern fashion elements, leading men's fashion trends in innovation, and with quality, innovation and emerging classic clothing brand created a profound connotation. Fujian Xiniya Clothing Weaving Co., Ltd. was founded in 2005, is located in China's famous hometown - Jinjiang, with an area of nearly more than 40,000 square meters of modern industrial park, high-tech assembly line equipment in factory is fully imported from Italy and Japan. Production is strictly f the ISO9001 international quality management system and environmental management system standard ISOI4001. With business men collections as the core product, we hired well-known designers and build world-class design team, formed jackets, suits, T-shirts, shirts, casual tops, cotton, casual pants, ties, leather goods, shoes for the main product lines set one enterprise. With great strength, good reputation, the company has won the "ISO9001 certified", "ISO14001 certification", "talk about credibility, excellent quality production enterprise", "Province", "National Quality Trustworthy Products", "China Famous Brand "," best-selling brand in China, "" China green dress "series honors.

CRYSTALVUE

Seed Round in 2010
Crystalvue Medical Co Ltd is engaged in manufacturing and production of medical devices including chin rest, digital microscope camera, OCT, fundus camera, gastrointestinal endoscopic disposable devices and tonometer among others. It also provides FundusVue which is a diagnostic instrument for ophthalmologists to inspect and record the patients' retina.

Feature Integration Technology

Venture Round in 2009
Feature Integration Technology Inc., (Fintek) is founded by a group of highly professional and innovative engineers with long experience in personal computer industry and its related ICs design、marketing、sales and application service. Since its establishment in 2002, Fintek has successfully commercialized several ICs for personal computers, peripherals and IA (information appliances) products. It has become a common perception that slim, mobile, and low power consumption will add its importance to the future product design of personal computer and handheld electronics devices. In view of this trend, they have dedicated substantial resource in the research and development of mixed signal IC design technology aiming for brining future oriented, good performance, and environment-friendly products to the market. And they have gained much achievement in the technology fields such as mixed-mode IC design, embedded/memory logic IC design, and system logic IC design.
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