Liu, Hai

Founding Partner

Bo Zhang

Venture Partner

41 past transactions

Playbux

Seed Round in 2023
Playbux is an e-commerce metaverse platform that sets up the shop and earns system, allowing users to shop at global merchants and earn cash back. They intended to integrate existing exchanges, loan platforms, and NFTs into the platform so that customers could access all services in one place.

Modern Synthesis

Seed Round in 2022
Modern Synthesis is bringing life to new materials by working with bacteria to commercially develop a new class of biobased textiles which offer: (1) Performance without plastics or harsh chemicals: Materials which achieve strength and durability without petrochemical binders, harmful chemistries or toxic byproducts. (2) Aesthetics without animals: A versatile process that unlocks a wide range of looks, feels, and functions to meet designers’ seasonal needs with zero animal inputs. (3) Scale without starting from scratch: A process that leverages abundant raw materials and is designed to integrate with existing manufacturing infrastructure. Modern Synthesis’ technology leverages the intrinsic versatility of bacterial nanocellulose, which is nature’s finest and strongest form of cellulose. Their process not only displaces animal leathers, plastic-based synthetics and other nonwoven textiles, but also generate entirely new possibilities for designers.

BeyondTrucks

Seed Round in 2022
BeyondTrucks is redefining real-time operations of large private and specialty fleets with a configurable and connected platform for process automation and optimization. Fleets turn to BeyondTrucks to replace legacy software and analog methods to become more efficient and make better decisions. BeyondTrucks is a deeply transformational technology for an industry that has traditionally taken time to adopt innovation, but has arrived at a technological inflection point.

PPIO

Series A in 2022
PPIO is a distributed cloud computing project initiated by PPTV founders Bill YAO and Wayne Wang in 2018. The goal is to build a decentralized distributed cloud service platform. The mission is to gather global computing resources and serve all mankind. PPIO is based on the business model of sharing economy, combined with big data, cloud native and distributed computing technology, and gathers professional server resources at the edge of network to build the first distributed cloud service covering all provinces, cities, districts and counties in China to serve the next generation edge computing scenarios with low-latency, high-bandwidth, reliability and security. At present, it has become the main provider of distributed cloud services for many first-line audio and video internet giants, cloud computing companies and unicorn startups at home and abroad.At present, there are micro data centers and distributed computing resources in more than 1000 cities and regions in China, which can provide eBareMetal, and eContainer at the edge of network nationwide, as well as edge computing services such as CDN, audio and video live streaming and transcoding, application performance monitoring, AI computing reasoning and cloud game rendering based on distributed cloud native architecture.

RockX

Series A in 2022
RockX is Asia’s one-stop gateway to crypto finance and blockchains. The team is equipped with a wealth of experience in mining, staking, protocol research, and infrastructure design. In recent years, the company has built access node APIs for popular Layer 1 and 2 protocols for developers, and helps companies to seamlessly access and interact with blockchains. With over USD 900 million worth of tokens staked, RockX is one of Asia’s leading staking platforms. Focusing on serving institutional and high net-worth clients globally to compound their returns on cryptocurrencies, RockX is always open to collaborating with synergistic partners & innovative Web 3.0 projects, ultimately helping to build the decentralised financial ecosystem.

Outland

Seed Round in 2022
Outland is a platform designed to encourage critical dialogues about emerging digital technologies and their intersections with contemporary art. Outland strives to provide intelligent thoughts on the art world of the future.

OmniML

Seed Round in 2022
OmniML is an industry-defining enterprise artificial intelligence (AI) company that aims to effortlessly empower edge AI everywhere. The company enables and amplifies powerful machine learning capabilities to edge devices by bringing greater speed, accuracy, and efficiency in AI through deep learning models that bridge the gap between those devices and AI applications. OmniML demonstrated significant gains in model performance and cost reduction in its initial collaborations with large enterprise customers in multiple vertical markets, with ML tasks running 10 times faster on different edge devices.

Regenerative Bio

Angel Round in 2022
Regenerative Bio is the world's first anti-aging biotechnology company driven by artificial intelligence and cloud supercomputing, Regenerative Bio combines AI pharmaceutical-related technologies with biology to explore ingredients, formulations and therapies with anti-aging effects, and solve the problems caused by aging.

PPIO

Series A in 2021
PPIO is a distributed cloud computing project initiated by PPTV founders Bill YAO and Wayne Wang in 2018. The goal is to build a decentralized distributed cloud service platform. The mission is to gather global computing resources and serve all mankind. PPIO is based on the business model of sharing economy, combined with big data, cloud native and distributed computing technology, and gathers professional server resources at the edge of network to build the first distributed cloud service covering all provinces, cities, districts and counties in China to serve the next generation edge computing scenarios with low-latency, high-bandwidth, reliability and security. At present, it has become the main provider of distributed cloud services for many first-line audio and video internet giants, cloud computing companies and unicorn startups at home and abroad.At present, there are micro data centers and distributed computing resources in more than 1000 cities and regions in China, which can provide eBareMetal, and eContainer at the edge of network nationwide, as well as edge computing services such as CDN, audio and video live streaming and transcoding, application performance monitoring, AI computing reasoning and cloud game rendering based on distributed cloud native architecture.

Abogen Biosciences

Series C in 2021
Abogen Biosciences is a discovery stage biotechnology company focuses on developing nucleic acid-based (RNA and DNA) therapeutics for treatment of cancer and infectious diseases.

Collov

Seed Round in 2021
Collov is a SaaS company that provides a virtual interior design and shopping platform for spatial intelligence. It helps transform homes with artificial intelligence and virtual reality technology with an AI algorithm-driven e-commerce platform corresponding to home decoration design solutions.

Cobo

Series B in 2021
Cobo is a prominent company in the blockchain industry, headquartered in Beijing, China, with additional offices in Shanghai, Xi'an, and Seattle. It specializes in both hardware and software solutions for cryptocurrency management. Cobo Wallet, its flagship product, is a pioneering mobile wallet that supports over 30 cryptocurrencies and 500 tokens, allowing users to earn proof-of-stake rewards on their holdings. The company also offers Cobo Vault, recognized as the world's first military-grade cold storage wallet, designed to safeguard digital assets against hacking, tampering, and physical damage. Founded in November 2017 by former Facebook engineer Changhao Jiang and Discus Fish, the founder of F2Pool, Cobo has attracted a global user base of over 500,000. Additionally, Cobo Ventures serves as the company's investment arm, enhancing its engagement in the digital asset space.

AI Rudder

Series A in 2021
AI Rudder is an AI startup that develops AI-powered voice solutions to improve B2C communications. AI Rudder helps call centers reduce costs by automating repetitive tasks and lowering agent workload. This frees up agents to focus on things only humans can do. With more than a decade of experience developing AI solutions, AI Rudder is revolutionizing customer engagement by combining humans and AI to make the customer experience seamless.

Baman

Series C in 2021
Baman is a producing and delivers packaged beef rice noodles. They operate a chain of offline rice noodle restaurants. They offer retail, e-commerce, and catering services. They aim to preserve and promote Hunan cuisine among youth.

Funiutang

Series C in 2021
Baman Beef Powder, fka Funiutang or F.N.T , is an O2O brand that specializes in Hunan beef noodles and instant beef powder. The company sells its products online and operates restaurants in Beijing.

Myst Labs

Series B in 2021
Myst Labs manufactures alternative of smoking.

Oatoat

Series A in 2021
Oatoat is a developer and producer of plant based drinks.

Baraka

Pre Seed Round in 2021
baraka is an investment app, founded in the UAE. It empowers people to become confident investors by providing educational content, digestible market news and in-depth stock analysis. Access to thousands of stocks and ETFs creates the freedom to explore new opportunities. baraka’s mission: to give everyone access to the markets, and empower everyone to invest. It’s what they call: investing. empowered.

Houmo.AI

Seed Round in 2021
Houmo.AI is a semiconductor company that develops an integrated circuit storage technology for AI computing. The company aims to use disruptive technologies to create AI chips with a "ten-fold effect", to meet the huge computing power demand in the era of true artificial intelligence, and to use unlimited computing power to change the world. Houmo.AI was founded by Dr. Wu Qiang in 2020.

La Haus

Series B in 2021
La Haus offers an online residential platform designed to help people to find an ideal home. Its platform lists multiple properties to choose from and provides recommendations from real estate specialists on the best alternatives that are completely free, enabling users to get an organized way to find a home and save money. The company was founded in 2017 and is headquartered in Medellín, Antioquia.

Red Dot Analytics

Seed Round in 2021
Red Dot Analytics Pte Ltd (RDA), a deep-tech spin-off from Nanyang Technological University (NTU) Singapore, pioneers in advancing Artificial Intelligence (AI) and Digital Twin (DT) technologies to improve sustainability, agility and resilience of operating mission-critical infrastructures, with an immediate focus on data centre in the tropical. Its award-winning cognitive digital twin platform (i.e., DCWiz) empowers digital transformation for data centre operators to digitalise, optimise and automate its mission-critical operations and management, toward business resilience and environmental sustainability.

Oatoat

Seed Round in 2020
Oatoat is a developer and producer of plant based drinks.

XtalPi

Series C in 2020
XtalPi is a pharmaceutical technology company that is reinventing the industry’s approach to drug research and development with its Intelligent Digital Drug Discovery and Development (ID4) platform. Through its tightly interwoven quantum mechanics, artificial intelligence, and high-performance cloud computing algorithms, the ID4 platform enables pharmaceutical companies to increase their efficiency, accuracy, and success rate at critical stages of drug R&D. By accelerating the pace of drug discovery and development, XtalPi aims to contribute to a healthier society worldwide. Founded in 2014 by a group of quantum physicists at MIT, XtalPi has since grown into an elite team of researchers with multi-disciplinary expertise in physics, chemistry, pharmaceutical R&D, and algorithm design. XtalPi has received much recognition for its cutting-edge technologies, its innovative solutions, and the breadth of potential applications of its offerings across the pharmaceutical value chain, which has allowed it to gain industry approval and establish strategic partnerships with several top international pharmaceutical companies.

AI Rudder

Seed Round in 2020
AI Rudder is an AI startup that develops AI-powered voice solutions to improve B2C communications. AI Rudder helps call centers reduce costs by automating repetitive tasks and lowering agent workload. This frees up agents to focus on things only humans can do. With more than a decade of experience developing AI solutions, AI Rudder is revolutionizing customer engagement by combining humans and AI to make the customer experience seamless.

La Haus

Series A in 2020
La Haus offers an online residential platform designed to help people to find an ideal home. Its platform lists multiple properties to choose from and provides recommendations from real estate specialists on the best alternatives that are completely free, enabling users to get an organized way to find a home and save money. The company was founded in 2017 and is headquartered in Medellín, Antioquia.

BeyondTrucks

Pre Seed Round in 2020
BeyondTrucks is redefining real-time operations of large private and specialty fleets with a configurable and connected platform for process automation and optimization. Fleets turn to BeyondTrucks to replace legacy software and analog methods to become more efficient and make better decisions. BeyondTrucks is a deeply transformational technology for an industry that has traditionally taken time to adopt innovation, but has arrived at a technological inflection point.

PPIO

Seed Round in 2020
PPIO is a distributed cloud computing project initiated by PPTV founders Bill YAO and Wayne Wang in 2018. The goal is to build a decentralized distributed cloud service platform. The mission is to gather global computing resources and serve all mankind. PPIO is based on the business model of sharing economy, combined with big data, cloud native and distributed computing technology, and gathers professional server resources at the edge of network to build the first distributed cloud service covering all provinces, cities, districts and counties in China to serve the next generation edge computing scenarios with low-latency, high-bandwidth, reliability and security. At present, it has become the main provider of distributed cloud services for many first-line audio and video internet giants, cloud computing companies and unicorn startups at home and abroad.At present, there are micro data centers and distributed computing resources in more than 1000 cities and regions in China, which can provide eBareMetal, and eContainer at the edge of network nationwide, as well as edge computing services such as CDN, audio and video live streaming and transcoding, application performance monitoring, AI computing reasoning and cloud game rendering based on distributed cloud native architecture.

Powerlaw AI

Series A in 2019
Powerlaw AI is a developer of artificial intelligence technology designed to improve the efficiency of legal processes. Powerlaw AI focuses on the legal field, aiming to use advanced AI technology to empower the legal service industry, providing products and services such as intelligent information retrieval, legal knowledge management, and smart contract review, and is committed to improving the work efficiency of legal practitioners and allowing the public to enjoy more intelligent, convenient, and low-cost legal services.

Vesta Food Lab

Angel Round in 2019
Vesta Food Lab decodes sustainable deliciousness. Vesta is the first venture-capital-backed food technology company based in China to focus on plant-based substitutes. Founded in 2019, Vesta is on a mission to revolutionize how people access and consume protein. The company is led by a team of experienced serial entrepreneur, three-starred Michelin chef, macromolecular research chemist, and food engineering scientist.

Addx.ai

Angel Round in 2019
Founded in early 2018, JG is a smart home operating system developer dedicated to building an AIOT intelligent platform that provides AI edge computing and video cloud solutions that connect end-product manufacturing brands, OEMs and consumers around the world. The founding team members are from companies and institutions such as Amazon, Dajiang, Segway, Tsinghua, and Swiss Federal Institute of Technology.

BlueOcean Pay

Seed Round in 2019
BlueOcean Pay is a cross border payment solution provider for brands & merchants to acquire and engage Chinese customers.

TEEX

Angel Round in 2019
TEEX is a secure distributed computing platform which provides a Layer-2 solution based on blockchain. It builds a complete incentive model of computing resource sharing, which provides a decentralized, usable and flexible computing market for users, workers and service providers.

Conflux Foundation

Series A in 2018
Conflux is the State-of-the-Art public blockchain system that can achieve high TPS without sacrificing decentralization or safety. By delicately combining its unique and advanced algorithm with a novel structure——Tree Graph (TG), Conflux makes consensus no longer a performance bottleneck, thereupon solves a series of problems in the industrialization of public chains. Currently, in its first stage, Conflux adopts PoW (Proof of Work) mechanism as the basis of its consensus.

SimpleMachines

Series A in 2018
SimpleMachines (SMI) has created a Software-Defined Compute platform that is future-proofed against the growing needs of artificial intelligence, virtual reality, machine learning, robotics, and big data. Traditional computer systems (CPUs) were designed to be easily programmable, which allowed technology to permeate every facet of daily life. But the software those systems ran only got faster as a result of the doubling of performance every 2 years (Moore’s Law), which has recently come to an end. Software has gotten more complex and data sets are growing exponentially, creating the need for a new chip platform. Recently, the industry has resorted to building single purpose systems (ASICs) that are impossible to reprogram. These hardware-only (chip) solutions are incredibly expensive, take years to develop and deploy (3+ years), and run the risk of being obsolete by the time they are ready, making them poor investments for the rapidly changing software and environments they are meant to enable. SimpleMachines’s solution is a radically new software-centric approach to the problem that deploys a programmable platform with a breakthrough software stack that enables the programmer to easily optimize the hardware on the fly and get the performance of custom silicon with a platform that supports hundreds of different use cases.

Renyigui.com

Angel Round in 2018
Renyigui is a consumer upgrade company.

BitMovio

Seed Round in 2018
BitMovio is a gamified video streaming platform for the Fortnite generation with a freemium business model. BitMovio transforms fundamentally how content is monetized, how content creators are paid, and how value and attention are compensated and rewarded. It provides unprecedented flexibility, interactivity and transparency for content creators to monetize their content and build their fan base in web 3.0 era. ​ Backed by top-tier venture capital firms in Silicon Valley, New York and Boston, BitMovio is on a mission to disrupt video entertainment industry's centralized content distribution and monetization model.

Lendela

Seed Round in 2018
Founded in 2018, Lendela is a fast-growing fintech on a mission to simplify financing and enable greater financial access. The platform matches borrowers with personalised loan offers through one simple application, empowering borrowers with choice and transparency while offering an alternative to the cumbersome and opaque traditional lending landscape. Since its inception, Lendela has enabled over 300,000 consumers with the clarity and confidence to make informed financial decisions alongside more than 100 lending partners. In 2023, Lendela successfully raised US$5M in an oversubscribed Series A to scale its unique model across Asia Pacific. The company’s backers include Singlife co-founder Walter de Oude’s Chocolate Ventures as well as prominent Singapore-based VC firm Cocoon Capital. Lendela currently serves customers in Singapore, Hong Kong, and Australia.

Cobo

Seed Round in 2018
Cobo is a prominent company in the blockchain industry, headquartered in Beijing, China, with additional offices in Shanghai, Xi'an, and Seattle. It specializes in both hardware and software solutions for cryptocurrency management. Cobo Wallet, its flagship product, is a pioneering mobile wallet that supports over 30 cryptocurrencies and 500 tokens, allowing users to earn proof-of-stake rewards on their holdings. The company also offers Cobo Vault, recognized as the world's first military-grade cold storage wallet, designed to safeguard digital assets against hacking, tampering, and physical damage. Founded in November 2017 by former Facebook engineer Changhao Jiang and Discus Fish, the founder of F2Pool, Cobo has attracted a global user base of over 500,000. Additionally, Cobo Ventures serves as the company's investment arm, enhancing its engagement in the digital asset space.

Gbike

Seed Round in 2017
Gbike is a mobility sharing startup in Korea, innovating green urban mobility in Korea where currently car-centric environment. Our service includes bike and scooter sharing with IT services specialized for Korean market & Asia, Pacifics.

Lime

Seed Round in 2017
Lime aims to provide a sustainable solution to the first- and last-mile transportation problems by helping people move around their cities in an affordable and convenient way while eliminating their carbon footprint. The company empowers future generations to change their behavior so they can save this planet together. From the electric scooter to the e-assist and pedal bike, experience the excitement of Lime’s smart mobility fleet.

Wave

Seed Round in 2016
Wave focuses on interactive virtual experiences with a mission to help artists make money at the intersection of gaming and entertainment. Wave’s technology enables musicians to create lifelike avatars of themselves that can “perform” their music on a virtual stage. Most of these virtual shows take place either on the company’s YouTube channel, but Wave’s apps let users tune in on gaming consoles, phones or even the Oculus Rift VR headset. While watching a Wave, viewers can log in to comment in a chat function and give live feedback to the avatar performers.
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