BlackPine Group

BlackPine Group is a private equity firm based in Hong Kong, established in 2011. The firm specializes in mid-market investments, focusing on special situations, buyouts, distressed companies, and restructuring across various sectors, including fintech, consumer goods, energy, industrial, and technology. BlackPine targets investment opportunities primarily in Greater China, with a typical investment range of US$20 million to US$250 million. The firm prefers to take majority stakes in its portfolio companies and actively participates on their boards to collaborate with management in developing strategic initiatives. BlackPine aims to exit its investments through initial public offerings or trade sales. Its approach is bolstered by long-term relationships with strategic partners and a strong intermediary network, allowing it to remain attuned to business activities in the region.

Lawrence Chu

Founder and Chairman

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 is a Los Angeles-based company founded in 2018 that specializes in developing plant-based cheese products. The company focuses on creating dairy-identical cheese using plant proteins, aiming to replicate the taste, melt, and stretch of traditional animal-based cheese. Mozza's mission is to provide consumers with a viable alternative to dairy cheese, offering products that are indistinguishable from their animal-derived counterparts. By leveraging advancements in food science, Mozza seeks to revolutionize the cheese industry and cater to the growing demand for plant-based food options.

Envelop Risk

Series A in 2020
Envelop Risk Analytics Limited, founded in 2016 and headquartered in London with additional offices in Boston, Washington, and Bermuda, specializes in providing cyber insurance analytics and underwriting services for insurers and reinsurers. The company employs an augmented intelligence approach that integrates human expertise in cybersecurity and underwriting with advanced artificial intelligence-driven modeling and simulation. This innovative methodology enables the accurate pricing of policies and portfolios by offering insights into potential attacker targets and assessing existing defenses. Through its specialized services, Envelop Risk aims to enhance the understanding of cyber risk in the insurance industry.

Envelop Risk

Series A in 2020
Envelop Risk Analytics Limited, founded in 2016 and headquartered in London with additional offices in Boston, Washington, and Bermuda, specializes in providing cyber insurance analytics and underwriting services for insurers and reinsurers. The company employs an augmented intelligence approach that integrates human expertise in cybersecurity and underwriting with advanced artificial intelligence-driven modeling and simulation. This innovative methodology enables the accurate pricing of policies and portfolios by offering insights into potential attacker targets and assessing existing defenses. Through its specialized services, Envelop Risk aims to enhance the understanding of cyber risk in the insurance industry.

K Health

Series C in 2020
K Health, Inc. is a digital health company that offers a mobile application designed to provide personalized, data-driven health information and remote treatment options for a variety of conditions, including back and neck pain, allergies, and chronic illnesses. Founded in 2016 and headquartered in New York with an additional office in Israel, K Health leverages advanced machine learning techniques to analyze clinical health data, enabling users to better manage their health. The platform allows patients to understand how doctors diagnose and treat similar symptoms, facilitating access to quality care at a lower cost. Users can chat with healthcare professionals for less than traditional copays and maintain a history of their medical records, thereby empowering them with insights into their health management. K Health is supported by various prominent investors, reflecting its innovative approach to digital primary care.

Fnatic

Series A in 2019
Fnatic Ltd. is a prominent esports organization founded in 2004, headquartered in London, United Kingdom, with additional offices in Belgrade, Serbia, and a professional gaming house in Cologne, Germany. The company operates professional gaming teams that compete in various video game tournaments globally. Fnatic also engages in selling a range of gaming-related products, including apparel, bags, accessories, and gaming peripherals like optical mice, keyboards, and mousepads through its online platform. As a key player in the evolving esports landscape, Fnatic focuses on enhancing esports performance and creating engaging content and experiences for gamers and fans. Its influence spans internationally, connecting with audiences and brands across major cities, including Los Angeles and Tokyo.

Everspin

Series B in 2018
Everspin, founded in 2014, is a cybersecurity software company that has developed a novel security module technology aimed at enhancing data protection. Its approach addresses the inherent vulnerabilities of traditional mobile cybersecurity solutions, which rely on static security modules that require app updates to change. Everspin's innovative system allows its servers to send disposable, random security modules to user applications in real-time, significantly reducing the time available for hackers to exploit vulnerabilities. This technology not only prevents app, OS, and memory forgery but also facilitates immediate security updates across various devices without requiring any user-side program modifications. Everspin has successfully passed rigorous security tests in Korea and has secured contracts with numerous clients, including several major banks. The company is looking to extend its versatile technology to web, PC, server, and IoT markets in the near future.

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, established in 2012. It offers an online platform and mobile application that utilize statistical analysis and adaptive machine learning algorithms to enhance the language-learning experience. Designed to facilitate language acquisition in approximately 200 hours, Lingvist's platform employs a smart algorithm that monitors user progress and mistakes, adjusting lessons in real-time to align with individual learning patterns. The service aims to improve vocabulary and comprehension by assessing users' existing language knowledge and customizing courses to address their specific learning needs. Lingvist is accessible through iOS and Android devices, making it available to a global audience.

C2FO

Series E in 2015
C2FO operates a cash flow optimization platform that serves as an online marketplace for early payments, allowing businesses to manage their accounts payable and accounts receivable effectively. It is recognized as the first working capital market globally, enabling suppliers and buyers to connect seamlessly. By facilitating better timing and terms for payments, C2FO empowers suppliers to enhance their cash flow while helping buyers improve their earnings before interest, taxes, depreciation, and amortization (EBITDA) and gross margins. This dynamic matching process supports enterprises of all sizes in optimizing their working capital, ultimately contributing to improved financial health across supply chains.

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 digital concierge and luxury conversational commerce platform that caters to premium consumers. Founded in 2014 and based in London, with an additional office in New York, the company enables users to discover and book a wide range of services, including dining, travel, and unique experiences, all through a mobile application. By leveraging proprietary AI technology, Velocity Black aggregates the demand of high-performance individuals and connects them with vetted suppliers across multiple sectors. The platform enhances the consumer experience by offering personalized recommendations and facilitating seamless transactions, thereby empowering users to maximize their time and resources in the digital age.

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 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 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
China Evergrande Group is a prominent real estate developer and the second-largest by sales in the country. The company operates an extensive portfolio, managing over 500 real estate projects across more than 200 cities in China. Property development constitutes approximately 90% of its earnings. In addition to real estate, Evergrande has diversified interests in banking, insurance, tourism, and healthcare, forming a comprehensive enterprise group. With total assets exceeding RMB one trillion and annual sales surpassing RMB 300 billion, the company employs over 80,000 people and supports the livelihoods of more than 1.3 million individuals. Founded by Hui Ka Yan, Evergrande has consistently ranked among the world's largest real estate enterprises.
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