Fundraising Fox

Cathay Innovation

Venture capital

Paris · Seed–Late Stage · 34 people tracked

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Investment thesis

Cathay Innovation is a multi-stage venture capital firm that backs startups developing technologies reshaping how people live and work, aiming to help founders scale bold ideas into real-world solutions at industrial scale. The firm distinguishes itself from a traditional venture approach by operating a large platform designed to foster collaboration between startups and corporations, leveraging its base of corporate limited partners.

Source: firm website, verified Aug 12, 2026.

Stage
Seed–Late Stage
Check
$5M – $40M
HQ
Paris, California, FR
Leads rounds
Follows
Instruments
Equity
Founded
2015
Last 12 months
4 investments
AUM
$1.5B
Tracked investments
205

Team · 34 people

from the firm's website & public directories
Daniel Balmisse· Managing Partner, Cathay InnoSquare (Fund of Funds)in
Lanchun Duan· Managing Partnerin
Rose Yuan· Investment Directorin
Ana Rocha· Associate, Cathay Latamin
Beth Faus· Vice Presidentin
Colombe Moinet· Associatein
Elijah Yi· Vice Presidentin
Katharina Schild· Vice Presidentin
Paul Pouyanne· Vice Presidentin
Zihan Lin (Robert)· Vice Presidentin
Jason Cheng· Investorin

What they invest in

from 89 of 205 portfolio companies

AI & Machine Learning ×35SaaS ×30Fintech ×23Enterprise Software ×13Healthtech ×11Consumer ×10Crypto & Web3 ×10Digital Health ×10

HQs:United States×21France×10China×6United Kingdom×5Spain×4Germany×3

Who they back

founder profiles across 39 portfolio companies
54%
solo founders
21 of 39 mapped founding teams
57%
repeat founders
of 30 founders with career history

Founding team size:solo founder×212 founders×113 founders×44+ founders×3

Where their founders studiedfrom 29 founders with education data

University of Cambridge ×5Pontificia Universidad Católica de Chile ×3UCLA ×3École Polytechnique ×2Georgetown University ×2KTH Royal Institute of Technology ×2Lycée Sainte-Geneviève ×2Massachusetts Institute of Technology ×2

Where their founders worked beforefrom 30 founders with career history

Klarna ×3École normale supérieure ×2McKinsey & Company ×2Rocket Internet SE ×2Stanford University ×2Universal Music Group ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×2

4 founders hold a PhD · 7 hold an MBA (of 30 with degree data)

Investments · 205 tracked

founders shown can be your intro path

By year:2026 · 32025 · 12024 · 32022 · 32021 · 12018 · 12016 · 12015 · 114 dated

Embatembat.ioin✓ verified

Embat provides a cloud-based treasury and financial management platform that helps corporate finance teams automate manual tasks and improve visibility and control over their processes.

AI & Machine LearningEnterprise SoftwareFintechSaaSMadrid, ES

Antonio Berga(Co-founder)Carlos Serrano García-Lisón(Co-founder)Tomás Gil(Co-founder (former CTO at Fintonic))

Co-investors4Founders CapitalSamaipataCreandum

Laiyelaiye.comin✓ verified

Laiye offers a Work Execution Platform that lets government and enterprise clients build LLM-driven digital workforces, combining RPA, conversational AI, and intelligent document processing to automate business processes.

AI & Machine LearningEnterprise SoftwareSaaSBeijing, CN

Yichuan Hu(Founder)

Co-investorsDCP CapitalLightspeed Venture PartnersSequoia CapitalWu CapitalZhenFundActivant Capital

Skanskan.aiin𝕏Feb 2022✓ verified

Skan AI builds a process intelligence and agentic automation platform that uses computer vision to observe how work actually gets done, generating a "Context Graph of Work" for large, highly regulated enterprises.

AI & Machine LearningEnterprise SoftwareSaaSMenlo Park, US

Avinash Misra(Executive Officer, Director)inManish Garg(Director)inRaman Khanna(Director)

BoardSimon Wu(Director)inJocelyn Goldfein(Director)

Co-investorsBloomberg BetaCiti VenturesDell Technologies CapitalGSR VenturesZetta Venture Partners

FollowAnalyticsMar 2015SEC filingmedium confidence

Palo Alto, US

Samir Addamine(Executive Officer, Director, Promoter)

BoardMark Gorenberg(Director)inIvan Chong(Director)

Board seatDenis Barrier· per SEC Form D · $13.2M raise · filed May 2016

Co-investorsAspect VenturesZetta Venture Partners

Peek Travelpeek.com𝕏May 2018

Peek provides booking software and a marketplace for experiences and activities.

MarketplacesSaaSTravel & HospitalitySan Francisco, US

Oskar Bruening(Executive Officer, Director)inRuzwana Bashir(Executive Officer, Director)

BoardPeter Flint(Director)

Board seatDenis Barrier· per SEC Form D

Co-investorsDigital HorizonDigital Horizon VCHalogen Ventures Management Company LlcManta Ray VenturesR136 VenturesRivet Ventures+2 more

Quantifindquantifind.comin𝕏Feb 2016

Quantifind provides AI-powered enrichment and investigation tools for financial crime compliance, helping investigators reduce false positives and accelerate case reviews using entity resolution, risk scoring, and unified intelligence from sanctions lists, news articles, and corporate records.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechGovTechMenlo Park, US

Ari Tuchman(Founder)inJohn Stockton(Founder)in

Board seatDenis Barrier· per SEC Form D

Co-investorsComcast VenturesDns CapitalIn-Q-TelIris CapitalSummit PartnersUS Venture Partners

Unsupervisedunsupervised.comApr 2021

Finder for Teams is an AI-powered analytics platform that automatically discovers patterns in data warehouse systems and identifies business outcomes that impact KPIs.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareBoulder, US

Board seatDenis Barrier· per SEC Form D

Co-investorsCoatue ManagementKickstart InnovationNextGen Venture PartnersEniac VenturesLong Journey VenturesSignalFire

Zenbusinesszenbusiness.comin𝕏Sep 2022

ZenBusiness provides an all-in-one platform combining AI-powered guidance (Velo) with customer support to help entrepreneurs start, protect, and grow their businesses through business formations and compliance services.

Enterprise SoftwareFuture of WorkLegalTechSaaSAustin, US

Ross Buhrdorf(CEO)inShanaz Hemmati(Founder)inRafael Lopez(Executive Officer)Khadijeh Hemmati(Executive Officer)

BoardJC Glancy(Executive Officer, Director)in

Board seatDenis Barrier· per SEC Form D

Co-investorsATX Venture PartnersBreyer CapitalCleveland AvenueFlucas VenturesFluent VenturesGeekdom+12 more

Abacumabacum.com

Jorge Lluch(Founder)in

Abup.Comabup.com.br

ABUP is a Brazilian non-profit trade association of companies in the home goods, décor, gifts, tableware, and textiles segment.

Media & EntertainmentSão Paulo, BR

Aeroboticsaerobotics.comin𝕏

Aerobotics develops AI and drone-based software to help fruit growers, packers, and shippers measure crop health and estimate yields using aerial imagery analysis.

AgTechAI & Machine LearningHardwareCape Town, ZA

Benji

Co-investors4Di CapitalAfricInvestBantam GroupNaspers

AI biotechowkin.comin𝕏

Owkin develops AI Scientist, an autonomous AI system that uses biological large language models and multimodal patient data to accelerate drug discovery for pharmaceutical and biotech companies.

AI & Machine LearningBiotechDeep TechDigital HealthHealthtechSilicon Valley, FR

Thomas Clozel(Co-Founder and Chief Executive Officer)inGilles Wainrib(Co-Founder and Former Chief Scientific Officer)in

PartnerJacky Abitbol· led

Co-investorsBridford Investments (Bridford Group)F-Prime CapitalFrstGV (Google Ventures)Alpha Intelligence CapitalOTB Ventures+1 more

AI Rudderairudder.comin

AI Rudder provides contact center automation for enterprises, including AI voice agents, predictive dialers, and a low-code platform (BotLab) for building conversational AI agents.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsCoatue ManagementPeak XV Partners

Akua
Akuapayakuapay.com
Alkemics

Co-investorsSerena

Almaalma.eu

alma provides IT-focused project management services, defining project goals and milestones with clients and delivering tailored solutions through a single point of contact.

Enterprise SoftwareSaaS

Alorsfaimalorsfaim.comin
Alt Bank
Alteryx
Ami
AMIiskn.coMar 2026 · $1B

iskn builds tools that connect physical drawing and writing to digital workflows using its proprietary magnetic sensing technology (GMS).

Creator EconomyFuture of WorkHardware

Co-investorsHCVCBezos ExpeditionsBpifranceGreycroftHiro CapitalHV Capital+3 more

Anotherbrainanotherbrain.aiin

AnotherBrain develops a bio-inspired artificial intelligence, embedded on an ASIC chip, that learns autonomously, explains its decisions, and runs in real time without big data or cloud while using little energy.

AI & Machine LearningDeep TechSemiconductors

Bruno Maisonnier(Founder)

Co-investorsAlpha Intelligence CapitalDaphni

Aqaraaqara.com𝕏

Aqara (Lumi United Technology) builds smart home hardware and software, including presence and motion sensors, smart locks, lighting, plugs, cameras, and hubs, with integrations for Apple Home, Google Home, Amazon Alexa, SmartThings, and Matter.

HardwareIoTPropTech

Co-investorsJoy Capital

Aqemiaaqemia.comin

Aqemia is a drug discovery company that uses generative AI and quantum-inspired physics to design new small-molecule medicines and advance its own drug discovery pipeline.

AI & Machine LearningBiotechDeep Tech

PartnerJacky Abitbol· led

Co-investorsElaiaPSL Innovation FundBpifranceEurazeo

Atlas
Aura
Autonewsautonews.comin𝕏

Co-investorsTrucks VC

Autonomous Vehicle AI Brain Company
Backchannelbackchannel.com

Guillermo Arslanian(Founder)inGuillermo Freire(Founder)in

Beatbot
Beemtrybeem.comin𝕏

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-investorsAvesta FundTechstarsTruStage VenturesCathay CapitalMassiveSouth Park Commons

Beembeem.energy

Ralph FEGHALI(Founder)inPierre-Emmanuel ROGER(Founder)in

Beem Energybeemenergy.frin

Beem Energy designs and assembles solar energy products in Nantes, France, including solar roof systems (3–9 kWc) and home batteries, paired with an app to track production, self-consumption, and savings.

CleantechConsumerEnergyNantes, FR

Ralph FEGHALI(Founder)in

Co-investors360 CapitalKima Ventures

Benewakebenewake.com

Benewake (北醒) designs and manufactures LiDAR distance-measurement sensors, including single-point, 2D, and 3D LiDAR products used for drones, autonomous driving, robotics, level detection, intelligent transportation, and IoT applications.

HardwareMobility & TransportationRoboticsBeijing, CN

Bioptimusbioptimus.cominFeb 2024 · $35M

Bioptimus builds multimodal foundation models for biology, including H-Optimus for histology and M-Optimus which integrates pathology, spatial transcriptomics, and genomics, to extract clinically relevant insights from patient data.

AI & Machine LearningBiotechDigital HealthParis, FR

Jean-Philippe Vert(Founder)inEric Durand(Founder)Felipe Llinares-López(Founder)Rodolphe Jenatton(Founder)Zelda Mariet(Founder)

Co-investorsAndera PartnersFELIX CAPITALFrstHeadlineHeadline Growth Management, LLCHitachi Ventures+3 more

Bobbob.ecoin𝕏

Bob Eco produces electric two-wheelers (motorcycles) and operates battery-swapping stations, with a focus on markets in Africa and Southeast Asia.

CleantechCrypto & Web3Mobility & Transportation

Bob Build On Bitcoin
Bochuangbochuang.com
Boomplayboomplay.com𝕏

Co-investorsAfricInvest

Bouffalo
Bryjbryj.aiin𝕏

Bryj develops a mobile app growth platform for enterprises that combines app creation, engagement, acquisition, and AI-driven insights to help brands launch, grow, and optimize mobile applications.

AI & Machine LearningMarketing TechSaaSSan Francisco, US

Co-investorsAspect VenturesSalesforce Ventures

Chatail
Chimechime.com

Chime is a US financial technology company offering fee-free checking and savings accounts, debit and credit-builder cards, early access to direct-deposited pay and no-fee overdraft cover.

San Francisco, US

Ryan King(Co-founder)inChris Britt(Co-founder & CEO)in

Co-investorsAmino CapitalAspect VenturesClocktower VenturesCoatue ManagementCrosslink CapitalFlex Capital Partners+18 more

Cliviclivi.com
Cloudpickcloudpick.com

CloudPick develops AI-powered checkout and inventory management solutions for retail stores using computer vision and machine learning.

AI & Machine LearningIoTRetail TechShanghai, CN

Alex Ng(Founder)Jeff Feng(Founder & CEO)Rosie Zhang(Founder)in

Co-investorsFIRSTLIGHT CapitalGlobal BrainIntel Capital

Cognition
Coherentcoherent.io
Colizeycolizey.com
Company Building AI Systems with Persistent Memory
Company Building Biological Artificial Superintelligence
Cosmo Techcosmotech.comin𝕏

Cosmo Tech provides AI Simulation software to help organizations improve decision intelligence and manage complex problems, with a focus on supply chain and digital transformation.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSaaS

Co-investorsAster CapitalInsight PartnersInven Capital

Coverfycoverfy.com

Vicente Arias(Founder)in

Cryptiocryptio.coin𝕏

Cryptio provides cryptocurrency transaction tracking and analytics across multiple blockchains.

Crypto & Web3Data & InfrastructureBrooklyn, US

Antoine Scalia(Executive Officer, Director)

BoardBartosz Jacubowski(Director)Louis Coppey(Director)in

Co-investors1k(x)1kxBlockrocketBlueYard CapitalDraper AssociatesKima Ventures+2 more

Curvecurve.com𝕏

Curve Pay is a digital wallet that combines multiple bank cards into one, letting users switch which card paid for a purchase after the fact, avoid foreign exchange fees, and earn cashback on top of existing card rewards.

ConsumerFintech

Shachar Bialick(Founder & CEO)

Co-investorsCohen CircleFuel Venture CapitalHanaco Venture CapitalLifeX VenturesMouro CapitalOutward VC+7 more

DataSinedatasine.comin

London, GB

Co-investorsTechstarsTwin Ventures

David Energydavidenergy.comin𝕏Sep 2024

David Energy builds technology to enable electricity grids powered by 100% clean, renewable energy.

CleantechClimate TechEnergyHardwareNew York, US

James McGinniss(Executive Officer, Director)inAhmed Salman(Executive Officer)Brian Maxwell(Executive Officer, Director)

Co-investorsDesigner FundEqual VenturesGreat Oaks Venture CapitalJetstreamLorimer VenturesOceans Ventures+3 more

Delivery Herodeliveryhero.com

German multinational online food ordering and delivery company (DHER.DE).

Berlin, DE

Nikita Fahrenholz(Founder)Niklas Östberg(Founder & CEO)in

Co-investorsAlpha Wave GlobalAsgard - human Capital for AIExpon CapitalFJ LabsGerman Startups GroupHDS Capital+14 more

Delivery Hero Portfolio Company

Browse all 205 investments with full details →

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Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Cathay Innovation made?
Cathay Innovation has 147 tracked investments, including 4 dated in the last 24 months.
What stage does Cathay Innovation invest at?
Cathay Innovation invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Cathay Innovation's typical check size?
Cathay Innovation typically writes checks of $5M – $40M.
What sectors does Cathay Innovation focus on?
Cathay Innovation focuses on AI & Machine Learning, Consumer, Crypto & Web3, Digital Health, Energy, Enterprise Software, Fintech, IoT, Mobility & Transportation, Retail Tech, Robotics, SaaS, Sector Agnostic.
Where is Cathay Innovation located?
Cathay Innovation is headquartered in Paris, FR.
Does Cathay Innovation lead rounds?
Cathay Innovation typically participates in rounds rather than leading them.
Who does Cathay Innovation co-invest with?
Cathay Innovation most often shares deals with AfricInvest, Insight Partners, Menlo Ventures, among 310 tracked co-investors.

Media · Podcasts & interviews

featuring the team

AI in Enterprise ft Cathay Innovation Partner Simon Wu

Grace Gong · Simon Wu

Beyond Series A: Asian Startups Overdrive w Rajive Keshup, Cathay Innovation | Billion Dollar Moves

Sarah Chen-Spellings · Rajive Keshup

Images

Cathay Innovation photoCathay Innovation photoCathay Innovation photoCathay Innovation photoCathay Innovation photoCathay Innovation photo

Co-investors · 26

Menlo Ventures

Menlo Ventures is a venture capital firm that invests in transformative, early-stage AI companies across every layer of the modern AI stack, from applications and middleware to data infrastructure and foundation models.

$1M – $20M
GreatPoint Ventures

GreatPoint Ventures is a venture capital firm founded by former entrepreneurs who aim to be hands-on partners to the teams they back, helping with fundraising, customer introductions, and executive recruiting.

$250K – $20M
PICUS CAPITAL

Picus Capital is an early-stage technology investment firm that partners closely with founders on strategic and operational challenges to help build global companies.

$100K – $300M
Kaszek Ventures

Kaszek is an investment firm run by tech entrepreneurs that partners with founders across Latin America, providing capital along with hands-on expertise in strategy, operations, team-building, growth, technology, and fundraising.

Alumni Ventures

Alumni Ventures (AV) is a venture firm that gives accredited individual investors access to professionally managed, diversified venture portfolios by co-investing alongside leading lead VC firms. It offers annual funds, syndicate deal-by-deal investing, and various investor clubs.

Both backed · 1
$100K – $10M
Tiger Global Management

Tiger Global is a research-driven investment firm that partners with innovative companies across various stages of their lifecycle, taking a long-term approach.

Both backed · 1
$1M – $100M
Gradient Ventures

Gradient Ventures is a seed fund focused on backing founders building artificial intelligence companies, offering hands-on support alongside capital.

Both backed · 1
$100K – $10M
Oak HC/FT

Oak HC/FT is a growth equity firm that partners with founders building companies in healthcare and financial services, with a focus on enterprise technology and AI.

Both backed · 1
Bond Capital Management

Bond is a venture capital fund spun out from Kleiner Perkins that combines Mary Meeker's famous multi-hundred-page "Trends" reports with late-stage investing, positioning itself as both a macro research house and capital provider for category-defining Internet and software businesses. The fund operates with a small, senior-heavy partnership that blends operators and growth investors, focusing on companies that have already proven product-market fit and helping them architect global expansion and IPO readiness.

Both backed · 1
$100K – $25M
Global Founders Capital

Global Founders Capital (GFC) is the global venture capital platform of Rocket Internet, investing early and across sectors in fast-growing technology companies.

Both backed · 1
$637K – $32M
Citi Ventures

Citi Ventures is the corporate venture capital arm of Citi, based in Palo Alto with additional offices in New York, Shanghai, and Singapore. The unit makes equity investments and develops innovations that align with Citi's strategic priorities, working with both internal business units and external companies.

Both backed · 1
Latitud Ventures

Latitud is an early-stage investor and community platform connecting Latin American startup talent with Silicon Valley, including a Fellowship program for founders.

Both backed · 1
$100K – $5M
14 more co-investors

Flourish VenturesDrive CapitalEnsemble VCNotable CapitalEverywhere VenturesHustle Fund23andMePassion CapitalCommerce VenturesApax DigitalalboSandalphon CapitalScaleUP VenturesAtman

Firms observed investing alongside Cathay Innovation, from public investor directories. Shared companies are the overlap with Cathay Innovation's recorded portfolio.

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