/Investor DB

MSA Capital

Venture capital

Grand Cayman · Pre-Seed–Late Stage · 4 people tracked

Also known as MAGIC STONE ALTERNATIVE PRIVATE EQUITY FUND GP, LTD. · MSA CHINA FUND II GP, LLC

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Investment thesis

MSA Capital is a private equity firm based in China that invests in early and growth stage companies in healthcare, technology, internet, and consumer sectors. The firm pursues opportunities with both domestic and international scope.

Source: firm website, verified Sep 29, 2026.

Stage
Pre-Seed–Late Stage
HQ
Grand Cayman, CN
Leads rounds
Leads
Instruments
Equity
Founded
2014
Last 12 months
1 investment
AUM
$2B
VC funds
1
Tracked investments
34
Acquisitions
1

Team · 4 people

from public directories
Yu Zeng· General Partner
Yukun Xia· Associatein

What they invest in

from 33 of 34 portfolio companies

Fintech ×11SaaS ×11Enterprise Software ×9E-commerce ×7B2B Marketplaces ×6Biotech ×6FoodTech ×6Healthtech ×6

HQs:United States×6India×5Egypt×4United Arab Emirates×3Pakistan×3China×2

Investments · 34 tracked

founders shown can be your intro path

By year:2026 · 12023 · 12022 · 62021 · 42020 · 214 dated

Xprotocolxprotocol.orgin𝕏✓ verified

XProtocol is a consumer-focused blockchain Superchain offering high-throughput, near-zero gas transactions with interoperability for decentralized apps (dApps).

Crypto & Web3Data & InfrastructureHardware

Co-investorsSaison CapitalCaballeros CapitalCogitent VenturesCoinFundDragonflyRazer+2 more

Abogen Biosciences (艾博生物)abogenbio.comAug 2021

Abogen Biosciences is a clinical-stage biotechnology company developing RNA-based medicines, with in-house capabilities spanning the full mRNA drug development cycle including protein engineering, mRNA sequence design and synthesis, lipid nanoparticle delivery, formulation, and commercial-scale manufacturing.

BiotechDeep TechHealthtech

Bo Ying(Founder)

Co-investors5Y CapitalCoatue ManagementFuzhou Jiebao Rongan Venture CapitalQiming Venture PartnersSoftBank Vision FundBoyu Capital+7 more

Autochekautochek.africaNov 2020 · $3.4M

Autochek is an automotive technology company that builds solutions for auto loans, vehicle maintenance and after-sales services, warranties, and transactional marketplaces within Africa's automotive sector.

FintechMarketplacesMobility & Transportation

Iyamu Mohammed(Founder)inEtop Ikpe(Founder)inMohammed Iyamu(Founder)

Co-investors4DX VenturesCapria VenturesEndeavor CatalystEnza CapitalLateral CapitalMobility 54+10 more

Balybaly.iqin𝕏

Baly is an Iraqi technology company that operates a unified application combining mobility, food delivery, and digital services designed for users in Iraq and to support the local private sector.

B2B MarketplacesConsumerFoodTechMarketplacesMobility & TransportationIraq, IQ

منقذ عزّاوي

Co-investorsRocket Internet SEMSA NovoVNV GlobalVostok New VenturesGlobal Founders CapitalMarch Holding+1 more

DigiKhatadigikhata.pkin𝕏

DigiKhata is a fintech company offering a mobile bookkeeping and accounting app that lets micro, small, and medium businesses digitally record credits, manage budgets, and collect payments.

E-commerceFintechSaaS

Adnan Aslam(Founder)inBilal Anjum(Co-founder)in

Co-investorsMSA NovoShorooq PartnersSOSV

Flextockflextock.cominFeb 2026 · $12.6M

Flextock provides a fulfillment and logistics platform that manages warehouse operations, order consolidation, and cross-border expansion for e-commerce businesses.

E-commerceEnterprise SoftwareLogistics & Supply ChainSaaSCairo, EG

Mohamed Mossaad(Founder)inEnas Siam(Founder)in

Co-investorsAlter GlobalBY Venture PartnersCapria VenturesFoundation VenturesMSA NovoTLcom Capital+3 more

Goldfinchgoldfinch.xyzJan 2022 · $25M

A crypto credit protocol that allows for borrowing without crypto collateral.

Panama City

Diana Munoz(Executive Officer, Director)

BoardPersis Manfred Sarmient(Director)Omar Camargo(Director)

Co-investorsDivergenceHack VCa16z cryptoAndreessen HorowitzBalaji SrinivasanCoinbase Ventures+3 more

GrubMarketgrubmarket.comin𝕏

GrubMarket is a food tech company operating a B2B and B2C marketplace in the U.S. and Canada, offering both wholesale produce delivery at discounted prices and AI-powered SaaS software solutions for food supply chain businesses including inventory management, warehouse operations, and eCommerce platforms.

B2B MarketplacesE-commerceEnterprise SoftwareFoodTechLogistics & Supply ChainSaaSSan Francisco, US

Mike Xu(Founder)in

BoardHans Tung(Director)in

Co-investorsAlumni VenturesBascom VenturesBattery VenturesBuilders + BackersCastor VenturesCeltic House Asia Partners+50 more

Homzmarthomzmart.comin𝕏May 2021 · $15M

Homzmart is an online marketplace for home furniture and furnishings, selling sofas, dining sets, bedroom furniture, kids' furniture, home appliances, lighting, and decor to consumers in Egypt.

ConsumerE-commerceMarketplacesPropTech

Mahmud IbrahimMahmoud Ibrahim(Founder)inRamy E. HusseininIbrahim Mohamed(Founder)

Co-investors500 GlobalEQ2 VenturesMSA NovoNuwa CapitalOutliers VCImpact46+3 more

Kasokaso.aiinJul 2023

Kaso develops supply chain optimization solutions for restaurants and suppliers to reduce food waste.

AI & Machine LearningB2B MarketplacesEnterprise SoftwareFoodTechImpact & Social GoodLogistics & Supply ChainMarketplacesSaaSDubai, AE

Manar Alkassar(Founder)inAhmed Soliman(Founder)

Co-investorsBY Venture PartnersHALA VenturesMSA NovoPioneerVulpes VenturesY Combinator+3 more

Kernal Biologicskernalbio.comin𝕏Seed

Kernal Bio is a synthetic biology company developing selective mRNA drugs to treat serious illnesses, with a focus on cancer therapeutics and improving patient outcomes.

AI & Machine LearningBiotechHealthtechMedical DevicesBoston, US

Yusuf Erkul(Founder)inJeff Ozdemir(Founder)inBurak Yilmaz(Founder)inCatherine Moroski(Executive Officer, Director)inOguzhan Yilmas(Director)Burak YILMAZ(Founder)in

Co-investorsAsymmetry VenturesCivilization Ventures Management, LlcFoundersX VenturesHOF CapitalHummingbird VenturesSAV (Scale Asia Ventures)+13 more

Kitopikitopi.comin𝕏Mar 2022 · $60M

Kitopi operates and manages a network of over 200 restaurants and delivery-only kitchens across the Middle East, running homegrown food brands supported by its in-house Smart Kitchen Operating System (SKOS) that manages kitchen operations.

B2B MarketplacesFoodTechLogistics & Supply ChainSaaS

Andres Arenas(Founder)Andy Arenas(Founder)Bader Ataya(Founder)Mohamad Ballout(Founder)Saman Darkan(Founder)

Co-investorsCOTU VenturesMSA NovoNext Legacy PartnersNordstarReshapeRise Capital+10 more

Krave Martkravemart.comin𝕏

Krave Mart operates an online retail marketplace in Pakistan that delivers everyday consumer goods to customers with rapid delivery.

B2B MarketplacesConsumerE-commerceFoodTechLogistics & Supply ChainKarachi, PK

Kassim Shroff(Founder)inCh Haziq Ahmed(Founder)inHammad Bawany(Founder)inMohammad Ahsan Kidwai(Founder)inHaziq Ahmed(Founder)

Co-investorsAmaana CapitalCats.vcFirst Check VenturesKube VCMaiora Rebel VenturesMSA Novo+14 more

Mamo Paymamopay.comin𝕏

Mamo offers a platform for businesses to accept payments, issue cards, manage expenses, and send payouts from a single system.

Enterprise SoftwareFintechSaaSDubai, AE

Asim J(Founder)Imad G(Founder)Imad Gharazeddine(Founder)Imad Gharazeddine Asim Janjua(Founder)

Co-investors4DX Ventures500 GlobalBY Venture PartnersDubai Angel InvestorsOlive Tree CapitalVentureSouq+3 more

MedPiper Technologies, Incmedpiper.comin𝕏Seed

MedPiper Technologies provides travel insurance infrastructure that automatically pays out compensation for flight delays within minutes, without requiring passengers to file claims.

FintechInsurTechBengaluru, IN

Nitthin Nair(Founder)inPranay Suyash(Founder)in

Co-investorsITERATIVEKube VCNurture Venture PartnersY CombinatorManinder GulatiNurture Ventures+1 more

Namaste Businessmynamaste.ininSeedDefunct

Namaste provides small businesses with tools to build eCommerce websites and native mobile applications, with one-click publishing to major app stores.

E-commerceEnterprise SoftwareSaaSBengaluru, IN

Shubham Agrawal(Founder)inDhilbar Roshan(Founder)in

Co-investorsY CombinatorAli CapitalAmino CapitalEastlink Capital PartnersHOF CapitalLynett Capital Partners+4 more

Nestcoinnestcoin.comin𝕏Feb 2022

Nestcoin provides financial and banking services designed specifically for creators.

Creator EconomyFintechLagos, NG

Yele Bademosi(Founder)in

Co-investors4DX VenturesAdaverseAlter GlobalElectric CapitalFlying Doctors Healthcare Investment Companygumi Inc+15 more

Newomicsnewomics.comin𝕏Oct 2020

Newomics develops the UniESI system, a multiomics front-end platform using its M3 emitter and MEA chip "multispray" technologies for microflow and nanoflow LC-MS.

BiotechDeep TechHardwareBerkeley, US

Pan Mao(Director)inDaojing Wang(Executive Officer, Director)inPatrick Scannon(Director)

BoardTed Hou(Director)in

Co-investorsBerkeley CatalystLDV Partners

OlaClickolaclick.comin𝕏

OlaClick provides a point-of-sale and delivery management platform for restaurants, including AI-powered menu creation, order management, and loyalty programs.

ConsumerFoodTechRetail TechSaaSLima, PE

Carol Riboud(Founder)inUlysse Lichtle(Founder)inJose RICO(Founder)inKarol Riboud(Founder)Morgan Zysman(Founder)

Co-investorsCapria VenturesFirst Check VenturesGradient VenturesMSA NovoPosition VenturesY Combinator+17 more

Orange Health Labsorangehealth.inin𝕏Seed

Orange Health Labs operates a home-based diagnostic testing service in Indian cities, offering sample collection within 30 minutes and lab results within 6 hours.

HealthtechMedical DevicesBengaluru, IN

Tarun Bhambra(Founder)inDhruv Gupta(Founder)in

Co-investorsAccelAroa Venture PartnersBertelsmann India InvestmentsBlackSoilGeneral CatalystGood Capital+14 more

PawaPaypawapay.co.ukinAug 2021 · $9M

PawaPay enables businesses to collect payments, process payouts, and send remittances through mobile money accounts across 20 African countries via a single integration.

B2B MarketplacesFintechSaaSLondon, GB

Nikolai BarnwellinJamie Steellin

Co-investorsMSA Novo

peopleCQpeoplecq.comSeed

A financial platform that allows employees in Egypt to access advance payments on their salaries before month-end and process bill payments.

FintechCairo, EG

Mostafa Ashour(Founder)inAhmed Abuelenien(Founder)in

Co-investorsY Combinator4DX Ventures500 GlobalBECO CapitalBeltone Private EquityEndure Capital+3 more

PostExpostex.pkin𝕏

PostEx provides courier and cash-on-delivery logistics for e-commerce businesses, delivering parcels nationwide including same-day delivery.

E-commerceFintechLogistics & Supply Chain

Muhammad Omer Khan(Founder)inSaad Mahmood(Founder)inAdil Naseem(Founder)Babar Razzaq(Founder)Omer Khan(Founder)

Co-investors500 GlobalAmaana CapitalDASH VenturesFJ LabsFlucas VenturesKube VC+4 more

Raven Techraventech.cominSeries AAcquired

Raven Tech develops artificial intelligence and data processing systems, with a focus on next-generation operating system technology.

Data & InfrastructureEnterprise SoftwareBeijing, CN

Cheng Lu(Founder)

Co-investorsY CombinatorBAI capitalDCM VenturesMatrixZhenFund

Reclaim Protocolreclaimprotocol.orgin𝕏Series A

Reclaim Protocol provides automated credential verification across employment, education, loyalty, and other categories using AI-assisted connectors and cryptographic verification.

AI & Machine LearningData & InfrastructureEnterprise SoftwareHR TechHyderabad, IN

Madhavan Malolan(Founder)inSriharsha Karamchati(Founder)inSubhash Karri(Founder)in

Co-investorsLemniscapY CombinatorAlameda ResearchCoinbase VenturesDragonflyHashed+2 more

Singleron Biotechnologiessingleronbio.comin𝕏Nov 2021

Singleron Biotechnologies develops single-cell and single-nucleus sequencing kits and solutions for transcriptome analysis of biological samples.

BiotechMedical DevicesCologne, DE

Co-investorsARCH Venture PartnersLAVLilly Asia VenturesLake Bleu CapitalSBCVCSherpa Healthcare Partners+1 more

Sironaxsironax.comin𝕏Aug 2022 · $200M

Sironax is a biopharmaceutical company focused on the discovery and development of therapies for neurodegenerative, inflammatory and immunological, metabolic, and rare diseases.

BiotechHealthtechLongevityWaltham, US

Dr. Xiaodong Wang(Founder)Dr. Zhiyuan Zhang(Founder)

Co-investorsARCH Venture PartnersF-Prime CapitalYuanBio Venture CapitalCBC GroupEight Roads VenturesFuture Innovation+6 more

Tasker AItasker.aiin𝕏Seed

Tasker AI is an AI assistant that handles complex work and personal tasks through multi-step execution from a single user command.

AI & Machine LearningEnterprise SoftwareSan Francisco, US

Ahmed AJ(Founder)in

Co-investorsDepartment of XYZEx/AntePioneerUDHCUniversal DeFi Holding CompanyVenture Dept.+21 more

Therornatherorna.comJun 2022 · $42M

Therorna develops circular RNA-based therapeutic candidates and preventive medicines for diseases with unmet clinical needs.

AI & Machine LearningBiotechDeep TechHealthtechBeijing, CN

Co-investorsCenova CapitalQuan Capital3H Health InvestmentSherpa Healthcare Partners

Thndrthndr.appin𝕏Seed

Thndr is a mobile investment platform that allows users to invest in Egyptian and international stocks, mutual funds, and gold.

FintechCairo, EG

Ahmad Hammouda(Founder)inSeif Amr(Founder)in

Co-investors4DX VenturesA'Z AngelsLoftyInc CapitalMSA NovoOlive Tree CapitalPlus VC+12 more

Vitablevitable.com.auin

Vitable offers personalised daily vitamin and supplement subscriptions, using an online quiz developed with naturopaths, nutritionists, and pharmacists to tailor recommendations to a person's health goals, lifestyle, and diet.

ConsumerDirect to ConsumerWellness & FitnessSydney, AU

Ilyas Anane(Co-Founder)inLarah Loutati(Co-Founder & CEO)in

Co-investorsBrenteca InvestmentsCoughdrop CapitalFlying Fox VenturesRocket Internet SEArtesianCherryrock Capital+4 more

Vitable Healthvitablehealth.comin𝕏Seed

Vitable provides a health benefits platform offering affordable, accessible healthcare to employers and their employees, with a focus on serving everyday workers and low-income populations.

Digital HealthHealthtechHR TechInsurTechSaaSPhiladelphia, US

Joseph Kitonga(Founder)in

Co-investorsCherryrock CapitalCoalition OperatorsCommerce VenturesFirst Round CapitalNVP CapitalOpen Opportunity Fund+13 more

Yellow Metalyellowmetal.coin𝕏Dec 2022

Yellow Metal offers home-delivered gold loans in India, aiming to provide rural households a simple gold loan at their home within 30 minutes.

FintechBengaluru, IN

Rahul Boggaram(Founder)in

Co-investorsFirst ChequeMSA NovoSpiral VenturesWaterBridge VenturesJava Capital

Zippizippi.com.brin

Zippi is a Brazilian financial services platform that provides small business owners with flexible credit lines accessible via mobile app and Pix payments, with weekly billing cycles and dynamic credit limits that grow with business performance.

Enterprise SoftwareFintechSaaSSão Paulo, BR

Andre Bernardes(Founder)inBruno Lucas(Founder)inLudmila Pontremolez(Founder)in

Co-investorsBeta VenturesFirst Check VenturesGrupo Globo - Mídia e ConteúdoHummingbird VenturesMantis CapitalMSA Novo+16 more

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has MSA Capital made?
MSA Capital has 34 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
What stage does MSA Capital invest at?
MSA Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does MSA Capital focus on?
MSA Capital focuses on Biotech, Crypto & Web3, E-commerce, Fintech.
Where is MSA Capital located?
MSA Capital is headquartered in Grand Cayman, CN.
Does MSA Capital lead rounds?
Yes, MSA Capital leads investment rounds.

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