How many investments has Cathay Capital made?

Cathay Capital has 44 tracked investments.

What stage does Cathay Capital invest at?

Cathay Capital invests at the Growth stage.

Where is Cathay Capital located?

Cathay Capital is headquartered in Stamford, US.

Does Cathay Capital lead rounds?

Yes, Cathay Capital leads investment rounds.

Who does Cathay Capital co-invest with?

Cathay Capital most often shares deals with Compound, Fusion, Reciprocal Ventures, among 10 tracked co-investors.

Cathay Capital

Growth equity

Stamford · Growth · 11 people tracked

Also known as NEW CHINA CAPITAL MANAGEMENT CORP.

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Investment thesis

Cathay, managed by New China Capital Management, focuses on providing growth capital to companies on the private side of the Chinese economy. Since 1992 it has completed over 60 investments and realized capital events including IPOs, trade sales and other exits, with a cumulative transaction value exceeding US$5 billion. Cathay has taken portfolio companies public on the New York Stock Exchange, NASDAQ, the Hong Kong Stock Exchange, and Chinese domestic exchanges. The firm emphasizes partnering with strong entrepreneurs and delivering strong returns to its investors across its growth funds.

Invests inAdvanced Manufacturing AI & Machine Learning Biotech Consumer Cybersecurity Data & Infrastructure Energy Enterprise Software Fintech Healthtech InsurTech Logistics & Supply Chain Media & Entertainment New Materials PropTechSector AgnosticSemiconductors China Stamford

Source: firm website, verified Sep 29, 2026.

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Stage

Growth

Stamford, US

Leads rounds

Leads

Instruments

Equity

Founded

1992

AUM

$233.7M

Tracked investments

Team · 11 people

from the firm's website & public directories

Paul S. Wolansky· Chairman & CEO

Founder and CEO of New China Capital Management and chairman of the firm's Investment Committee, having served on the boards of many portfolio companies. Previously a Managing Director at Paloma Partners; holds a BA from Amherst College and a JD from Harvard Law School.

J. David Selvia· Managing Director· Shanghai

Joined New China Capital Management in 2006, responsible for sourcing, analyzing and implementing investments. Previously Business Development Director for GE Capital (Asia) and BD Manager at GE Corporate Initiatives Group in Shanghai; holds degrees from Boston University and the University of Pennsylvania (Wharton and Lauder Institute).

Ling Liu· Managing Director & COO· Shanghai (raised)

Joined New China Capital Management in 2004 and leads exit strategy implementation and evaluation of new investments as a member of the Investment Committee. Formerly a VP in Morgan Stanley's investment banking division and a consultant at Deloitte & Touche and Andersen; holds a BS from SUNY Albany and an MBA from Columbia.

Xubo Chu· Managing Director· Beijing

Rejoined the firm in 2013 with 20 years of China investment experience, responsible for sourcing and supervising portfolio companies and government relations as chief representative of the Beijing office and Investment Committee member. Previously Managing Director at SEEC Investment Management; holds an economics degree from Peking University.

Yuan Liu· Managing Director

Also known as Ryan Liu, responsible for sourcing, analyzing and executing investments and monitoring portfolio companies. Previously worked in R&D and business development at Alcatel and marketing at startup TimiTech; holds engineering degrees from Harbin Institute of Technology and an MBA from UCLA Anderson.

Anita Eng· CFO

Responsible for financial and investor reporting plus due diligence and portfolio monitoring. Previously an AVP of regulatory and financial reporting at Greenwich Capital Markets and auditor-in-charge at Salomon Brothers, CIGNA and Coopers & Lybrand; holds a BS from Wharton and an MBA from NYU.

Derek Kwok· Vice President

Responsible for investment analysis, market research and office administration. Holds a degree in Systems Engineering and Engineering Management from The Chinese University of Hong Kong.

Qianqian Li· Senior Vice President

Responsible for market research and investment analysis. A CPA charterholder who was previously an associate at PwC Advisory; holds an accounting degree from the University of International Business and Economics.

Shun Zhao· Vice President

Also known as Steven Zhao, responsible for market research and investment analysis. A CPA and CFA charterholder who was previously a senior auditor at Deloitte; holds bachelor's and master's degrees from Southeast University.

Zexuan Li· Senior Associate· New York, New York, United Statesin

Responsible for investment analysis, portfolio monitoring and investor relations. Previously an investment banking associate at HSBC; holds a BA from City University London, an MBA from NYU Stern and an MSc in Mathematical Finance from the University of Warwick.

Selwyn Donald Sussman· Director

What they invest in

from 12 of 44 portfolio companies

Enterprise Software ×6Fintech ×5AI & Machine Learning ×4Data & Infrastructure ×3SaaS ×3Consumer ×2Deep Tech ×2E-commerce ×2

HQs:China×7United States×3Spain×1

Investments · 44 tracked

founders shown can be your intro path

By year:2022 · 1 2021 · 1 2018 · 24 dated

163163.net

TOM VIP邮箱 provides a paid email service for individuals and businesses, offering SSL-encrypted email, a dedicated VIP channel, and mobile email management integrated with WeChat.

Enterprise SoftwareSaaS

Co-investorsBritish Patient Capital

Afionafionacos.comApr 2022 · $31M

AFIONA (妍丽) is a Chinese premium beauty retailer that curates and sells high-end skincare, makeup, fragrance, personal care, and beauty-device products from domestic and international brands.

ConsumerE-commerceRetail TechShenzhen, CN

吴涛(CEO)

Co-investorsWarburg Pincus

Algoblualgoblu.com in

AlgoBlu provides programmable network connectivity services offering on-demand bandwidth from 2M up to Nx 10G, with real-time bandwidth adjustment, end-to-end encryption, multi-service physical isolation, and direct physical-layer connections to cloud platforms and SaaS providers.

Cloud ComputingData & InfrastructureDeep TechEnterprise SoftwareFintechHardwareSemiconductors

Li Ming(Founder)in

Co-investorsTitanium Ventures WestSummit Capital

Beemtrybeem.com in 𝕏

Beem is a fintech app offering instant cash advances up to $1,000 with no credit checks or income restrictions, personal loans up to $100,000, and AI-powered financial tools for budgeting, price comparison, and job matching.

AI & Machine LearningFintechSan Francisco, US

Co-investorsAlumni Ventures Avesta Fund Cathay Innovation Techstars TruStage Ventures Massive +1 more

Boda Advertisingrayli.com.cn

Rayli is a Chinese fashion and lifestyle media brand that publishes magazines covering fashion, beauty, home design, and men's style, and manages a roster of models and brand ambassadors.

ConsumerMedia & Entertainment

Datastorydatastory.com.cn in

DataStory is a big data and AI platform serving consumer brands in China with insights for marketing, product innovation, consumer research, and e-commerce optimization.

AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechGuangzhou, CN

徐亚波(Founder & Data Scientist)

Co-investorsXiang He Capital

DolphinDBdolphindb.cn in 𝕏

DolphinDB provides a high-performance distributed time-series database platform for quantitative trading and investment funds, enabling low-latency market data ingestion, factor computation, strategy backtesting, and real-time trade execution across multiple asset classes.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechIoT杭州, CN

Housfyhousfy.com in 𝕏Sep 2021

Housfy is a Spanish platform offering real estate and home services — property sales, residential rentals, mortgage brokering, and home services such as renovations and moves — through a single digital platform (My Housfy) supported by local offices.

FintechMarketplacesPropTechBarcelona, ES

Jordi Cid inAlbert Bosch(Founder)Carlos Blanco(Founder)Miquel A. Mora(Founder)

Co-investorsCathay Innovation DN Capital Frog Capital Loric Ventures noa Torch Capital +5 more

NuCypher (aka Threshold Network)threshold.network in 𝕏Defunct

Threshold Network is a decentralized protocol that enables Bitcoin to be used across multiple blockchain networks and financial markets through its tBTC token, facilitating lending, staking, trading, and yield-generation activities.

Crypto & Web3Enterprise SoftwareFintechAustin, US

MacLane Wilkison(Founder)in

Co-investorsCollab+Currency Compound Digital Finance Group Fusion Reciprocal Ventures Signum Capital +21 more

Peekpeek.us inJun 2018 · $23M

Peek provides a leasing automation platform for multifamily property managers that uses 3D unit tours, conversational AI, and content automation to reduce vacancy periods and accelerate lease signings.

AI & Machine LearningPropTechSaaSSan Francisco, US

Oskar Bruening(Founder)in

Co-investorsCathay Innovation Manta Ray Ventures Moneta Ventures Goldman Sachs I2BF Global Ventures Innovation Endeavors

Strikinglystrikingly.com in 𝕏Sep 2018

Strikingly is a website builder that enables users to create and publish websites without coding or design experience in under 30 minutes.

Creator EconomyE-commerceEnterprise SoftwareMarketing TechSaaSShanghai, CN

David Haisha Chen(Founder)inTeng Bao(Founder)inDafeng Guo(Founder)in

Co-investorsFundersClub K5 Ventures Sv Tech Ventures, Inc.TSVC Y Combinator Zillionize +9 more

YTMicroytmicro.com

A Chinese semiconductor company designing microcontrollers for automotive applications, with a focus on safety-critical systems in the automotive industry.

Deep TechHardwareMobility & TransportationSemiconductorsWuxi, CN

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

999 PharmaceuticalAoyuan Property GroupBaohetangBizseerChina Financial Services GroupChina Infrastructure HoldingsChina Resources LandChundu SausageChundu888Clear MediaDadi ChemicalsDiooFanhuaFanhuaholdingsGreat Leap BrewingHashdataHgjgImageDTJinhongLink HarvestLittleswanNoursePlastecShenghe Optical GlassTrusfortV-CareVindaYancon CathayYkjtYuchaiZhitian GroupZhongjian Dongfang

Portfolio news

latest coverage across their companies

Peek Raises $5M in Series A Funding

Peek · finsmes.com · May 1, 2025

Frequently asked questions

How many investments has Cathay Capital made?: Cathay Capital has 44 tracked investments.
What stage does Cathay Capital invest at?: Cathay Capital invests at the Growth stage.
What sectors does Cathay Capital focus on?: Cathay Capital focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Consumer, Cybersecurity, Data & Infrastructure, Energy, Enterprise Software, Fintech, Healthtech, InsurTech, Logistics & Supply Chain, Media & Entertainment, New Materials, PropTech, Sector Agnostic, Semiconductors.
Where is Cathay Capital located?: Cathay Capital is headquartered in Stamford, US.
Does Cathay Capital lead rounds?: Yes, Cathay Capital leads investment rounds.
Who does Cathay Capital co-invest with?: Cathay Capital most often shares deals with Compound, Fusion, Reciprocal Ventures, among 10 tracked co-investors.

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