Amid market turbulence and an economic slowdown, the Shanghai-based venture capitalist sees silver linings. Oak Seed Ventures recently completed the maiden financing round for its new Core Tech Fund. Seeding early-stage core technology startups, the venture capital fund invests in companies that are developing AI, 5G, SaaS, Web3, cloud, as well as data and enterprise...
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Resnics Raises Several Tens of Millions of Dollars at Multiple of Previous Valuation
Oakseed Venture’s portfolio, Resnics Technology, a leading provider of Data Processing Unit (DPU) chipsets in China, announced the completion of Series A financing. This round of financing raised hundreds of millions of RMB and was completed at a significant multiple of the previous, which only closed about six months ago. The round was co-led by...
Oakseed Ventures Announces First Closing of Core Tech Fund
Core Tech Fund will seed startups emerging from US-China tech decoupling SHANGHAI, June 6th 2022 (NewswireNext) – Oakseed Ventures announces the first closing of a new fund to continue seeding unparalleled core technology startups that will be highly sought after by Chinese venture capital in subsequent rounds. Oakseed Core Tech Fund will back highly technical...
Resnics Technology, leader in DPU chipsets, completes Pre-A financing
Recently, Resnics Technology, a leading Chinese DPU chipset company, announced the completion of Pre-A financing. This round of financing was co-led by Oakseed Ventures and Lenovo Capital, with Grit Ventures, Dingxin Capital, Oriental Fortune Capital, FAW Lihe VC and angel investors participating. It will further accelerate Resnics Technology’s leading position in the area of smart...
Do’s and Don’ts of Raising Venture Capital
Past Monday (Jul 27 2020), I had the pleasure of teaching a class on “Do’s and Don’ts of Raising Venture Capital” for 未来创投家 organized by Y-City. There you go. Do’s: Make it a conversation Start with your team, and why you are doing this startup Situation, Complication & Resolution (SCR) to answer “Why now?” and...
Investing in Chinese Enterprise and Core Technology – The Harbinger
Interview with Adam Bao of Harbinger. Chee-We talks through several developments in China's enterprise and cloud market, including trends across SaaS, data analytics and AI, data infrastructure and more. We also discussed the impact of geopolitics that has brought about an opportunity in China for "import substitution" away from global chipsets and core enterprise software.
Situation, Complication, Resolution and other thoughts on business plan
Situation, Complication and Resolution (SCR) is a common storyline used at McKinsey but is also a great framework for a business plan that lets VCs get it. In consulting, Situation refers to an overview of the industry and the company. Complication refers refers to a problem that the company is facing. Resolution refers to the...
Where are all the Chinese Enterprise Tech Unicorns?
Where are all the China Enterprise Tech Unicorns? I recently had the pleasure of participating in a “Where are all the Enteprise Tech Unicorns?” panel in Slush Shanghai 2019 together with Kapil Kane and Xiangdao Wang and moderated by Matthieu Bodin. Indeed, whereas four SaaS companies with more than $10b went public in the US...