HSG

HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.

Rohit Agarwal

Managing Director

Wang Chenyu

Vice President

Sakshi Chopra

Managing Director

Raghavv Garg

Analyst

Amit Jain

Managing Director

Pushpak Kedia

Vice President

Sunint Khurana

Analyst

Cherry Lu

Partner

Ishaan Mittal

Managing Director

Saksham Mittal

Analyst

Abhishek Mohan

Principal

Javier Ng

Associate

Enita Pu

Partner

Wendy Qian

Analyst

Haim Sadger

Partner

Harshjit Sethi

Managing Director

Yoav Shaked

Partner

Johan Surani

Vice President

Vedant Trivedi

Associate

Aradhita Tuli

Investment Analyst

Pavel Vyhnalek

Operating Partner

Fu Xin

Partner

Past deals in Trading Platform

Variational Research

Seed Round in 2024
Variational is a decentralized liquidity network that facilitates the trading and clearing of bilateral derivatives through automation. It operates as a global algorithmic market maker, focusing on digital assets and collaborating with decentralized finance protocols as well as traditional financial institutions and fintech companies. The firm specializes in developing quantitative systematic strategies, which enable clients to access liquidity in both traditional and decentralized derivatives markets. This innovative approach aims to streamline the trading process and enhance liquidity for its partners.

0xppl

Seed Round in 2024
0xppl is a technology company that operates a decentralized social network for cryptocurrency enthusiasts. Its platform allows users to connect with like-minded individuals, track and analyze crypto assets and non-fungible tokens (NFTs) traded by those they follow, and stay updated on market changes and personal portfolio performance.

MYX

Seed Round in 2023
MYX is a decentralized derivative exchange that "uses intelligent rates and exposure hedging mechanisms to ensure protocol stability and provide sustainable high returns" through a peer-to-pool-to-peer paradigm.

MoHash

Seed Round in 2022
MoHash is a decentralized finance (DeFi) protocol that leverages crypto assets, particularly stablecoins, to facilitate access to global capital and liquidity for private debt in rapidly expanding economies. The protocol allows investors to earn sustainable and scalable high yields by issuing a fungible token, which represents a claim on a diversified pool of risk-managed and financially regulated debt instruments. This approach aims to safeguard investors' interests while enabling them to capitalize on emerging markets undergoing technological advancements in financial services. Through its innovative model, MoHash seeks to provide a pathway for higher returns in the evolving landscape of decentralized finance.

Yubi

Series B in 2022
Yubi is a digital platform that facilitates the discovery, trading, execution, and fulfillment of debt solutions for both institutional and retail investors. The platform connects startups with investors seeking to fund various debt deals, primarily through the issuance of debentures. Yubi provides a comprehensive suite of tools, including credit underwriting solutions, analytical models, and structuring tools, which streamline the investment process. Its automated execution workflows and real-time transaction notifications enhance the efficiency of exploring, evaluating, and executing debt transactions. By offering these capabilities, Yubi enables investors to make informed credit decisions and engage more effectively in the debt market.

Amber Group

Series B in 2022
Amber Group Limited is a cryptocurrency financial services provider based in Hong Kong, founded in 2015. The company specializes in facilitating the buying and selling of cryptocurrency products and offers a range of services, including yield enhancement, collateralized lending, decentralized finance, execution services, and electronic market making. With a global presence that includes operations in Taipei, Seoul, and Vancouver, Amber Group serves over 200 institutional clients and has traded more than $200 billion across multiple electronic exchanges. It aims to optimize investment flexibility and maximize returns for its clients by leveraging advanced technology and quantitative research. Amber Group is dedicated to delivering a streamlined cryptocurrency finance experience, helping clients build and protect their wealth over the long term.

Flint

Seed Round in 2022
Flint is a global crypto investment app. Flint leverages the power of crypto to deliver incredibly high returns on idle money.

Multichain

Seed Round in 2021
Multichain is a cross-chain router protocol designed to facilitate seamless cryptocurrency transactions across various blockchain platforms. By developing a robust infrastructure, it enables users to swap cryptocurrencies efficiently among multiple exchanges. This innovative platform supports a wide range of blockchains, making it a pivotal player in the blockchain industry. Multichain's real-time capabilities enhance user experience, allowing for swift and secure transactions in a rapidly evolving digital currency landscape.

Otoklix

Series A in 2021
Otoklix is a company based in Jakarta Selatan, Indonesia, that specializes in the automotive aftermarket sector. Founded in 2019, it operates a platform designed to connect vehicle owners with independent car workshops, addressing the fragmented nature of the auto repair industry in Indonesia. Otoklix enables users to conveniently book services online at nearby recommended workshops, ensuring standardized pricing and service levels. The platform also offers features such as warranty coverage for transactions and a system for tracking repair and maintenance history. Additionally, Otoklix provides customer relationship management and supply chain management solutions to enhance the visibility and efficiency of independent workshops, ultimately aiming to improve the overall vehicle maintenance experience for consumers.

QianDao App

Series B in 2021
QianDao App is a Shanghai-based company that specializes in developing trading software for blind box toys and garage kits, targeting youth in China. Founded in 2019, the platform allows users to customize and order toys according to their personal preferences. Its main offerings include the Happy Train and Wedding Flower Girl series, catering to a community of garage kit enthusiasts and collectors. By providing a space for interaction and trade among users, QianDao App fosters a vibrant culture around these collectible items.

Beta Finance

Venture Round in 2021
Beta Finance is a decentralized finance protocol that facilitates lending, borrowing, and short-selling of cryptocurrency assets. Designed as a permissionless money market, it seeks to mitigate the inherent volatility of the crypto market and enhance overall market stability. The platform provides a user-friendly, one-click solution, allowing traders without technical expertise to easily manage and update their short positions. It presents all relevant token information directly on the interface, empowering users to make informed decisions in the dynamic crypto landscape.

CoinSwitch

Series C in 2021
CoinSwitch is a leading cryptocurrency exchange aggregator based in India, designed to simplify the complexities of cryptocurrency trading for everyday users. With over 20 million registered users, CoinSwitch enables individuals to easily invest in a variety of cryptocurrencies through a user-friendly platform. Users can make one-time purchases or set up systematic investment plans, allowing for flexible investment strategies. In addition to trading, CoinSwitch provides educational resources that help users understand the cryptocurrency market and make informed decisions. The platform features the Crypto Rupee Index, which aids users in analyzing market sentiments. Committed to expanding accessibility to cryptocurrency, CoinSwitch aims to establish itself as a comprehensive wealth-tech destination for Indian investors, facilitating a seamless experience for managing all aspects of their crypto transactions.

Yubi

Series A in 2021
Yubi is a digital platform that facilitates the discovery, trading, execution, and fulfillment of debt solutions for both institutional and retail investors. The platform connects startups with investors seeking to fund various debt deals, primarily through the issuance of debentures. Yubi provides a comprehensive suite of tools, including credit underwriting solutions, analytical models, and structuring tools, which streamline the investment process. Its automated execution workflows and real-time transaction notifications enhance the efficiency of exploring, evaluating, and executing debt transactions. By offering these capabilities, Yubi enables investors to make informed credit decisions and engage more effectively in the debt market.

smallcase

Series C in 2021
smallcase Technologies Pvt. Ltd., founded in 2015 and based in Bengaluru, India, operates an online trading platform that facilitates investment in thematic portfolios of stocks and ETFs. The company aims to democratize equity investing by offering curated investment products that reflect long-term trends, government reforms, and sector dynamics. smallcase provides users with the ability to choose, buy, track, and manage baskets of stocks intelligently weighted to embody specific investment ideas. The platform caters to a wide audience, making investing accessible to individuals regardless of their experience or knowledge in the financial markets. With a focus on low-cost, diversified portfolios built by SEBI-licensed professionals, smallcase employs quantitative models and algorithms to ensure optimal asset allocation, while also allowing investors to earn dividends directly in their bank accounts.

ServiceTitan

Series G in 2021
ServiceTitan, Inc. offers a cloud-based business management software specifically designed for the home and commercial service industries. Founded in 2007 and headquartered in Glendale, California, with additional offices in Atlanta and Armenia, the company provides a comprehensive solution that includes tools for dispatching, scheduling, invoicing, customer relationship management, marketing automation, and custom reporting. Its software serves a diverse range of sectors, including HVAC, plumbing, electrical, and other home service businesses, helping them streamline operations, enhance customer service, and foster growth. By integrating various systems and providing end-to-end capabilities, ServiceTitan enables businesses to modernize their operations and improve efficiency in an industry that has historically been underserved by technology.

Chehaoduo

Series E in 2021
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

ServiceTitan

Series F in 2021
ServiceTitan, Inc. offers a cloud-based business management software specifically designed for the home and commercial service industries. Founded in 2007 and headquartered in Glendale, California, with additional offices in Atlanta and Armenia, the company provides a comprehensive solution that includes tools for dispatching, scheduling, invoicing, customer relationship management, marketing automation, and custom reporting. Its software serves a diverse range of sectors, including HVAC, plumbing, electrical, and other home service businesses, helping them streamline operations, enhance customer service, and foster growth. By integrating various systems and providing end-to-end capabilities, ServiceTitan enables businesses to modernize their operations and improve efficiency in an industry that has historically been underserved by technology.

JuLive.com

Series C in 2021
Julive is a new house transaction service platform.

Probo

Seed Round in 2021
Probo is an opinion sharing and trading platform that facilitates the exchange of predictions regarding future events across various topics, including finance, sports, entertainment, and news. The platform allows users to share their viewpoints and engage in discussions, rewarding participants for their contributions. By enabling individuals with differing opinions to trade their insights at mutually agreed prices, Probo creates a dynamic environment for idea-sharing and opinion trading. This innovative approach not only fosters diverse perspectives but also allows users to monetize their opinions.

CoinSwitch

Series A in 2021
CoinSwitch is a leading cryptocurrency exchange aggregator based in India, designed to simplify the complexities of cryptocurrency trading for everyday users. With over 20 million registered users, CoinSwitch enables individuals to easily invest in a variety of cryptocurrencies through a user-friendly platform. Users can make one-time purchases or set up systematic investment plans, allowing for flexible investment strategies. In addition to trading, CoinSwitch provides educational resources that help users understand the cryptocurrency market and make informed decisions. The platform features the Crypto Rupee Index, which aids users in analyzing market sentiments. Committed to expanding accessibility to cryptocurrency, CoinSwitch aims to establish itself as a comprehensive wealth-tech destination for Indian investors, facilitating a seamless experience for managing all aspects of their crypto transactions.

CassTime

Series C in 2020
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. It operates a comprehensive trading platform that offers full coverage of spare parts, facilitating price inquiries and simplifying settlements for sellers of auto parts and accessories. In addition to its marketplace, CassTime provides a SaaS management system tailored for workshops, along with supply chain finance and logistics services. This integrated approach enables businesses to conduct transactions efficiently while accessing detailed information about vehicle parts, ultimately enhancing the overall experience for both buyers and sellers in the automotive sector.

Animall

Series A in 2020
Animall is an online platform based in Bangalore, India, that facilitates the buying and selling of dairy cattle. Launched in 2019, it aims to empower millions of dairy farmers by creating efficiencies within the dairy ecosystem through the use of technology and data science. The platform serves as a peer-to-peer marketplace, allowing farmers to trade livestock conveniently from any location, thereby saving time and reducing costs. By leveraging innovative design and technology, Animall seeks to drive a digital transformation in the dairy industry, contributing to what it terms a new digital white revolution.

smallcase

Series B in 2020
smallcase Technologies Pvt. Ltd., founded in 2015 and based in Bengaluru, India, operates an online trading platform that facilitates investment in thematic portfolios of stocks and ETFs. The company aims to democratize equity investing by offering curated investment products that reflect long-term trends, government reforms, and sector dynamics. smallcase provides users with the ability to choose, buy, track, and manage baskets of stocks intelligently weighted to embody specific investment ideas. The platform caters to a wide audience, making investing accessible to individuals regardless of their experience or knowledge in the financial markets. With a focus on low-cost, diversified portfolios built by SEBI-licensed professionals, smallcase employs quantitative models and algorithms to ensure optimal asset allocation, while also allowing investors to earn dividends directly in their bank accounts.

Shengli Financial Software

Series B in 2020
Shengli Financial Software Development (Hangzhou) Co., Ltd. is a fintech company established in 2005, headquartered in Hangzhou, China, with additional offices in Shenzhen, Shanghai, and Beijing. The company specializes in developing financial product trading platforms, risk management systems, and back-end management solutions. It provides technical support services and offers hardware products to enhance its software solutions. Shengli serves a diverse clientele, including brokers, private placement firms, quantitative trading institutions, and individual investors, helping them navigate the complexities of financial markets through innovative technology.

Chehaoduo

Series D in 2020
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

CassTime

Series C in 2019
CassTime is an industrial internet company based in China that focuses on the automotive aftermarket. It operates a comprehensive trading platform that offers full coverage of spare parts, facilitating price inquiries and simplifying settlements for sellers of auto parts and accessories. In addition to its marketplace, CassTime provides a SaaS management system tailored for workshops, along with supply chain finance and logistics services. This integrated approach enables businesses to conduct transactions efficiently while accessing detailed information about vehicle parts, ultimately enhancing the overall experience for both buyers and sellers in the automotive sector.

Yaoyanshe

Series C in 2019
Yaoyanshe is a Shanghai-based company established in 2012 that operates a technology platform focused on the pharmaceutical research and development industry. It develops an application that facilitates value sharing and trading, providing patients with up-to-date information on treatments and drugs. The platform also supports industry professionals by offering services such as clinical monitoring, project management, biostatistics, and pharmacovigilance. Additionally, it includes features for credit assessments and research project competition analysis, aiming to address critical challenges in the sector and enhance the effectiveness of pharmaceutical R&D. Through its comprehensive database, Yaoyanshe enables medical professionals and patients to access vital healthcare information efficiently.

YunQuNa

Series C in 2019
YunQuNa is an online portal that offers logistics trading and services on a global scale. It provides logistics price inquiry, cargo space booking, customs clearance, logistics tracking, cargo handling and insurance.

Neutral Dollar

Venture Round in 2019
The Neutral Dollar will serve as a medium of exchange, store of value, unit of account, and complementary trading instrument for crypto enthusiasts. Their stablecoin exhibits several key principles, making it provide the best utility available.

smallcase

Series A in 2019
smallcase Technologies Pvt. Ltd., founded in 2015 and based in Bengaluru, India, operates an online trading platform that facilitates investment in thematic portfolios of stocks and ETFs. The company aims to democratize equity investing by offering curated investment products that reflect long-term trends, government reforms, and sector dynamics. smallcase provides users with the ability to choose, buy, track, and manage baskets of stocks intelligently weighted to embody specific investment ideas. The platform caters to a wide audience, making investing accessible to individuals regardless of their experience or knowledge in the financial markets. With a focus on low-cost, diversified portfolios built by SEBI-licensed professionals, smallcase employs quantitative models and algorithms to ensure optimal asset allocation, while also allowing investors to earn dividends directly in their bank accounts.

Poizon

Series A in 2018
Poizon, established in 2015 by Shanghai Shizhuang Information Technology Co., Ltd., is China's largest sneaker trading platform, boasting an annual gross merchandise volume of $10 billion and over 1.4 million active users monthly as of 2019. The platform operates on a consumer-to-business-to-consumer model, facilitating connections between buyers and sellers while providing authentication services to ensure the genuineness of products. Additionally, Poizon offers the Dewu App, which focuses on sports equipment exchange and includes features for shoe identification. This interactive mobile platform allows users to communicate and share their enthusiasm for trending fashion within the sneaker community.

CoinSwitch

Seed Round in 2018
CoinSwitch is a leading cryptocurrency exchange aggregator based in India, designed to simplify the complexities of cryptocurrency trading for everyday users. With over 20 million registered users, CoinSwitch enables individuals to easily invest in a variety of cryptocurrencies through a user-friendly platform. Users can make one-time purchases or set up systematic investment plans, allowing for flexible investment strategies. In addition to trading, CoinSwitch provides educational resources that help users understand the cryptocurrency market and make informed decisions. The platform features the Crypto Rupee Index, which aids users in analyzing market sentiments. Committed to expanding accessibility to cryptocurrency, CoinSwitch aims to establish itself as a comprehensive wealth-tech destination for Indian investors, facilitating a seamless experience for managing all aspects of their crypto transactions.

Chehaoduo

Series C in 2018
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

Chehaoduo

Series B in 2017
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

Futu Securities

Series C in 2017
Futu Securities, established in 2012 and headquartered in Hong Kong, operates as an online investment company. It offers a comprehensive digital platform, Futu NiuNiu, enabling individual investors to trade stocks listed in Hong Kong, Mainland China, Singapore, and the United States. The platform provides trade execution, margin financing, market data, news feeds, and social networking services, fostering a connected community of users, investors, and companies. Additionally, Futu Securities extends its services to corporate clients, offering enterprise solutions such as Employee Stock Ownership Plan (ESOP) management and Initial Public Offering (IPO) subscription services. The company generates revenue through brokerage commissions and handling charges.

Purang Services

Series B in 2016
Pulan builds a service platform for bulk financial product transactions for entity enterprises, small and medium-sized banks, and non-bank financial institutions, providing market participants with matching, consulting, data, software, knowledge process outsourcing, and other multi-faceted financial services covering bills, bonds, and funds.

Chehaoduo

Series A in 2016
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

Niugu Wang

Series C in 2015
Niugu Wang innovates financial technology and develops a new retail platform that integrates information, markets, and trading. The intelligent stock diagnosis quantitative strategy solves the operation problem of stock selection and timing.

Futu Securities

Series B in 2015
Futu Securities, established in 2012 and headquartered in Hong Kong, operates as an online investment company. It offers a comprehensive digital platform, Futu NiuNiu, enabling individual investors to trade stocks listed in Hong Kong, Mainland China, Singapore, and the United States. The platform provides trade execution, margin financing, market data, news feeds, and social networking services, fostering a connected community of users, investors, and companies. Additionally, Futu Securities extends its services to corporate clients, offering enterprise solutions such as Employee Stock Ownership Plan (ESOP) management and Initial Public Offering (IPO) subscription services. The company generates revenue through brokerage commissions and handling charges.

Cheyipai

Series D in 2015
Cheyipai is a private e-commerce company based in Beijing, China, specializing in the online sale of used vehicles. Founded in 2009 by Wang Tiezhong and Yang Xuejian, Cheyipai operates an online-to-offline (O2O) model that facilitates the complete transaction process for buyers and sellers. The company also develops auction and trading platforms tailored for the automotive sector, offering a range of services including new and used car sales, financial technology, insurance, marketing, and business digital transformation solutions. As of April 3, 2018, Cheyipai functions as a subsidiary of Souche.com.

Zhaogang.com

Series D in 2015
Zhaogang.com is a website that is specialized in steel trading information services for buyers and suppliers. Zhaogang.com obtained ten millions of dollars in angel funding at the end of 2011. It was launched in 2012.

Futu Securities

Series A in 2014
Futu Securities, established in 2012 and headquartered in Hong Kong, operates as an online investment company. It offers a comprehensive digital platform, Futu NiuNiu, enabling individual investors to trade stocks listed in Hong Kong, Mainland China, Singapore, and the United States. The platform provides trade execution, margin financing, market data, news feeds, and social networking services, fostering a connected community of users, investors, and companies. Additionally, Futu Securities extends its services to corporate clients, offering enterprise solutions such as Employee Stock Ownership Plan (ESOP) management and Initial Public Offering (IPO) subscription services. The company generates revenue through brokerage commissions and handling charges.

Cheyipai

Series C in 2014
Cheyipai is a private e-commerce company based in Beijing, China, specializing in the online sale of used vehicles. Founded in 2009 by Wang Tiezhong and Yang Xuejian, Cheyipai operates an online-to-offline (O2O) model that facilitates the complete transaction process for buyers and sellers. The company also develops auction and trading platforms tailored for the automotive sector, offering a range of services including new and used car sales, financial technology, insurance, marketing, and business digital transformation solutions. As of April 3, 2018, Cheyipai functions as a subsidiary of Souche.com.

Zhaogang.com

Series C in 2013
Zhaogang.com is a website that is specialized in steel trading information services for buyers and suppliers. Zhaogang.com obtained ten millions of dollars in angel funding at the end of 2011. It was launched in 2012.

Traiana

Series D in 2005
Traiana, Inc. specializes in pre-trade risk and post-trade processing solutions for financial institutions, including banks, broker/dealers, and buy-side firms globally. Established in 2000 and headquartered in New York, the company offers a range of services designed to automate and streamline trading operations. Its Harmony network provides connectivity and processes trades across various asset classes such as foreign exchange, equities, and derivatives. Traiana's offerings include CCP Connect for trade registration and regulatory compliance, ClientLink for trade lifecycle automation, and Access Fintech for risk management. Additionally, the company features Margin Center for margin monitoring, NetLink for aggregating retail FX trades, and TR Connect for trade reporting. Traiana also provides essential support services, including system integration and training. As a subsidiary of CME Group, Traiana has established a substantial network that connects over 50 prime brokers and numerous hedge funds, enhancing efficiency in post-trade processing across the financial sector.

Traiana

Series B in 2002
Traiana, Inc. specializes in pre-trade risk and post-trade processing solutions for financial institutions, including banks, broker/dealers, and buy-side firms globally. Established in 2000 and headquartered in New York, the company offers a range of services designed to automate and streamline trading operations. Its Harmony network provides connectivity and processes trades across various asset classes such as foreign exchange, equities, and derivatives. Traiana's offerings include CCP Connect for trade registration and regulatory compliance, ClientLink for trade lifecycle automation, and Access Fintech for risk management. Additionally, the company features Margin Center for margin monitoring, NetLink for aggregating retail FX trades, and TR Connect for trade reporting. Traiana also provides essential support services, including system integration and training. As a subsidiary of CME Group, Traiana has established a substantial network that connects over 50 prime brokers and numerous hedge funds, enhancing efficiency in post-trade processing across the financial sector.
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