Cyberport Macro Fund brings in HK$259 million of investments for four start-ups
Tuesday, June 30, 2020
(Press Release) – During the first five months of 2020, the Cyberport Macro Fund (CMF) injected a total of HK$28.2 million into four Cyberport start-ups, at the same time raising co-investments of HK$231 million, making total capital raised at HK$259 million (US$33.4 million).
AQUMON, CapBridge, GetLinks, and OneDegree, which specialise in AI robo-advisory, investment syndication, HR technology, and virtual insurance respectively, received seed or Series A capital to bolster their growth.
Seeing global venture capital investments go low key in view of worldwide economic uncertainty, this latest round of funds raised is a vote of investors’ confidence in the potential of Hong Kong start-ups, in the prospects of digital transformation, and in the vitality of Asia economy.
The accomplishment also attests to the CMF’s ability to attract tech investors and drive deal flow for high-potential, high-growth start-ups, especially during these challenging times.
