BlackPine

BlackPine Private Equity Partners is a Hong Kong-based private equity firm that specializes in mid-market investments across various sectors, including fintech, consumer goods, energy, industrial, and technology. Founded in 2011, the firm focuses on special situations, buyouts, distressed companies, and restructuring opportunities primarily in Greater China. BlackPine typically invests between US$20 million and US$250 million and prefers to take a majority stake in its portfolio companies, often seeking board participation to actively influence management strategies. The firm aims to exit its investments through initial public offerings or trade sales, leveraging its extensive network of strategic partners and intermediaries to identify and manage opportunities effectively.

Jessica Jook

Director

Ulric Leung

Managing Director and Chief Financial Officer

25 past transactions

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 is an innovative micro-insurance marketplace based in Hong Kong, designed to provide a customer-centric digital experience for insurance seekers. Functioning similarly to an app store, YAS harnesses open APIs to allow insurers to integrate their offerings seamlessly. The platform leverages advanced technologies such as big data, artificial intelligence, and GPS to deliver tailored insurance solutions that activate based on users' real-time activities, such as hiking or playing sports. This automated protection turns on and off according to location, enhancing convenience for users. Additionally, YAS incorporates 5G technology to facilitate telehealth services, allowing for immediate medical assistance while traveling. The platform emphasizes data privacy with its proprietary blockchain protocol, enabling secure storage of smart contracts and customer data, while also providing users with control over their information. By utilizing machine learning for risk assessment and dynamic pricing, YAS aims to deliver cost-effective insurance alternatives, fostering customer loyalty and redefining the insurance landscape for both businesses and consumers.

Talon

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

Mozza

Convertible Note in 2020
Mozza engages in developing the science to create real dairy cheese from plants. Its mission is to make cheese from plants that are indistinguishable from cheese that comes from animals. The company was founded in 2018 and is headquartered in Los Angeles, California.

Envelop Risk

Series A in 2020
Envelop Risk Analytics Limited specializes in cyber insurance analytics and underwriting services for insurers and reinsurers. Established in 2016 and headquartered in London, the company also operates offices in Boston, Washington, and Bermuda. Envelop Risk integrates insurance expertise with advanced artificial intelligence-driven cyber risk modeling, enabling it to provide comprehensive insights and solutions tailored to the evolving landscape of cyber threats.

Envelop Risk

Series A in 2020
Envelop Risk Analytics Limited specializes in cyber insurance analytics and underwriting services for insurers and reinsurers. Established in 2016 and headquartered in London, the company also operates offices in Boston, Washington, and Bermuda. Envelop Risk integrates insurance expertise with advanced artificial intelligence-driven cyber risk modeling, enabling it to provide comprehensive insights and solutions tailored to the evolving landscape of cyber threats.

K Health

Series C in 2020
K Health, Inc. develops and provides a health application that provides personalized and data-driven information about their symptoms and health. The company was formerly known as Kang Health, Inc. and changed its name to K Health, Inc. in November 2018. K Health, Inc. was incorporated in 2016 and is based in New York, New York with an additional office in Israel.

Fnatic

Series A in 2019
Fnatic is a global esports entertainment brand focused on seeking out, leveling up, and amplifying gamers and creators. Founded by Sam and Anne Mathews in 2004 in the early days of the professional video gaming industry, Fnatic has since helped shape the new world sport into a fast-growing phenomenon. Today, driven by its ability to advance esports performance, Fnatic is the channel through which the most forward-thinking brands communicate with young people. It delivers content, experiences, and activations through offices and facilities in cities between Los Angeles and Tokyo.

Everspin

Series B in 2018
Founded in 2014, Everspin has brought in a new paradigm in the world cybersecurity market with its dynamic security module technology. Everspin's unparalleled innovation has come from a simple, but unprecedented idea: If hacking occurs when enough time is given to hackers, why not cut down such time? After years of R&D, Everspin has found a way to solve the fundamental problem that all of the existing mobile cybersecurity solutions entail: security modules are placed in the user’s app and they do not change until the app is updated, which inevitably renders mobile apps vulnerable to hacking. Everspin’s technology enables its security module to be sent by Everspin server to the app and constantly replaced by a new module, which settles the issues that come from the location and invariability of the current solutions. Though its products are currently targeting the mobile app market, Everspin with its highly versatile technology is expected to launch its service for Web/PC, server and IoT in the near future. ■ Solution Features: -App/OS/Memory forgery prevention. -Real-time hacking detection. -Instant security update to multiple types of devices without any user-side program update. ■ Credibility -First ever to pass all the security tests by National Security Research Institute in Korea(100% blocking rate for 3,000++ hacking attempts). -Within 1year sales, secured 23cutomers including 3/5 of major banks in Korea. -SBI Holdings to gradually implement Everspin solution to all of its 200++ subsidiaries around the world.

Kenetic

Seed Round in 2016
Kenetic is a Hong Kong-based proprietary trading and venture capital investment firm established in 2016, specializing in digital assets and blockchain-related companies. The firm develops technology to implement quantitative trading strategies and provides a range of structured products associated with digital assets. Kenetic focuses on investing in the blockchain technology sector, aiming to support innovative projects and facilitate growth within this rapidly evolving industry.

Oriente

Seed Round in 2016
Oriente develops and provides financial services and technology solutions using artificial intelligence, machine learning, and data science. The company offers real-time credit scoring, digital and online to offline (O2O) lending, and other tailored financial services. It products include cashalo, a consumer lending mobile application, which provides credit to underbanked customers and micro, small, and medium enterprises (MSMEs) and Finmas, a peer-to-peer lending mobile application. The company was founded in 2017 and is based in Central, Hong Kong.

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 popular mobile application that facilitates the buying and selling of second-hand goods locally, boasting over 100 million downloads and 400 million listings. Founded in 2015 by Alec Oxenford and Jordi Castello, later joined by Enrique Linares, Letgo has become a leading marketplace in the United States, offering a diverse range of products, including electronics, vehicles, clothing, and furniture. The app incorporates innovative features such as image recognition and video listings, which streamline the listing process by automatically suggesting titles, prices, and categories based on user-uploaded photos. This user-friendly approach allows individuals to easily declutter their homes and discover great deals nearby.

Lingvist

Series A in 2015
Lingvist Inc. is a language-learning software company based in Tallinn, Estonia, founded in 2013 by Ott Jalakas, Mait Muntel, Andres Koern, and Tanel Hiir. The company utilizes statistical analysis and adaptive machine learning algorithms to develop its language-learning tools, which aim to help users acquire new languages in approximately 200 hours. Lingvist's platform is accessible through both an online interface and mobile applications for iOS and Android devices. The software features a smart algorithm that monitors user progress and errors, adapting lessons in real time to align with individual learning levels and memory patterns.

C2FO

Series E in 2015
C2FO operates an online B2B marketplace that facilitates early payments, providing businesses with tools to manage accounts payable and accounts receivable effectively. As the first working capital market globally, C2FO enhances efficiency by seamlessly connecting suppliers and buyers in a risk-free environment. This platform empowers suppliers to take control of their cash flow while allowing buyers to improve their financial performance, including increases in EBITDA and gross margins. By fostering these interactions, C2FO contributes to the overall financial health of supply chains, creating a more dynamic and responsive marketplace for working capital.

Venture Smart

Seed Round in 2015
Venture Smart is a well-established asset management company.

Velocity Black

Series A in 2015
Velocity Black is a mobile application that facilitates the discovery, booking, and payment of experiences at restaurants, nightclubs, and bars, while enabling users to earn rewards. Founded in 2014 and headquartered in London with an office in New York, the app enhances the dining experience by offering personalized recommendations based on users' social networks. Additionally, Velocity Black serves as a luxury conversational commerce platform that aggregates demand from premium consumers, allowing them to purchase products and services from vetted suppliers across various sectors. The company's proprietary software utilizes artificial intelligence to assist human experts in delivering tailored experiences for high-end clientele in the digital landscape.

Lu.com

Series A in 2015
Shanghai Lujiazui International Financial Asset Exchange (“Lufax”) is an online marketplace for the origination and trading of financial assets. Lufax was incorporated in September, 2011 in Shanghai with the support of Shanghai’s Municipal Government, and has grown into China’s largest internet finance company in less than four years. The company is an associate of China Ping An Group, the largest and most innovative non-SOE financial institution in China. Lufax’s number of registered users surpassed 7 million by February 2015, while the volume of online transactions grew more than 8 times year-on-year. Close to 50% of Lufax transactions are now handled via mobile. As a constant innovator and pioneer in the internet finance industry, Lufax has developed China’s most open, safe and convenient investment and financing platform. Investors come to Lufax for its broad product offering, diverse liquidity avenues and superior user experience. Asset owners look to Lufax to help them structure, price and place complex assets to investors in a credible and transparent manner. Lufax takes full advantage of the latest big data and IT technologies, and leverages the most advanced risk assessment models and risk control systems. Combined with its value proposition to customers, Lufax has a competitive edge which it believes cannot be replicated.

Sentient Technologies

Series C in 2014
Sentient operates distributed artificial intelligence on an unprecedented scale, routinely running multiple distributed AI jobs, on millions of AI processing nodes, producing actionable results validated on large and complex data sets. Utilizing evolutionary computation and deep learning - designed to continuously evolve and improve - Sentient aims to create the world’s most powerful intelligent system. This system enables researchers, innovators and companies to solve mission-critical, high value, problems.

Wallapop

Series A in 2014
Wallapop is a hyper-local mobile marketplace based in Barcelona, Spain, that facilitates the buying and selling of secondhand goods. Founded in September 2013 by Agustin Gomez, the platform operates as a "virtual flea market," connecting users within their local communities to trade a wide variety of pre-owned items. By focusing on local transactions, Wallapop aims to promote sustainable consumption and reduce waste while providing an accessible way for individuals to declutter their homes and find affordable products. The app's user-friendly interface and geolocation features enhance the buying and selling experience, making it a popular choice for those looking to engage in secondhand commerce.

Cortica

Series C in 2014
Cortica Inc. is a company specializing in image understanding solutions, founded in 2007 and headquartered in New York, with significant research and development operations in Israel. The company has developed advanced AI technology that enables machines to interpret images and videos at a human-like level. Its proprietary Image2Text technology extracts contextual information from visual content, identifying products, brands, and concepts, and automatically linking them to relevant advertisements. With over 200 patents, Cortica's self-learning technology is designed to enhance various applications, including autonomous vehicles, smart city initiatives, security systems, and medical image analysis. Cortica aims to establish a universal visual index, positioning its capabilities as a standard for future platforms requiring advanced image comprehension. The company serves a diverse clientele, including advertisers, publishers, brands, and marketers, thus impacting multiple industries through its innovative approach to computer vision.

WH Group

Venture Round in 2013
WH Group Limited is an investment holding company primarily engaged in the production, wholesale, and retail sale of meat products in China, the United States, and Europe. The company operates through several segments, including Packaged Meats, Fresh Pork, and Hog Production. It is involved in the slaughtering and sale of fresh and frozen meat, as well as hog farming. Additionally, WH Group manufactures and sells packaging materials, offers logistics services, and operates a chain of retail grocery stores. The company also produces flavoring ingredients, natural casings, and biological pharmaceutical materials, and participates in livestock breeding and slaughtering activities. Founded in 1958 and headquartered in Kowloon, Hong Kong, WH Group was formerly known as Shuanghui International Holdings Limited before rebranding in January 2014. It owns notable food and logistics enterprises, including Smithfield, recognized as the world's largest pork processor and hog producer.

China Evergrande Group

Funding Round in 2007
Evergrande Group is China's second-largest property developer by sales. Evergrande Group is a modern enterprise group integrating real estate, finance, Internet, health, tourism, culture and sports as a whole. With the existing total assets amounting to RMB a trillion and the annual sales scale of more than RMB 300 billion, Evergrande Group has more than 500 real estate projects in over180 cities throughout the country and more than 80,000 employees, solving the employment of over 1.3 million people, ranking Top 500 in the world and becoming the world’s largest real estate enterprise.