VC Investor Cathay Innovation launches USD1bn sustainable transformation fund

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  • 14 Jul 2022
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VC Investor Cathay Innovation launches USD1bn sustainable transformation fund

Venture capital investor Cathay Innovation has launched a USD1bn global fund investing in startups that support industrial and social sustainable transformation. The new fund, Cathay’s third VC fund, will focus on sectors including consumer, enterprise software, AI, inclusive fintech, digital health, new mobility, retail, and energy, with investments ranging from EUR5mn to EUR80mn. Cathay will invest as a lead or co-investor with reserves for follow-on rounds in key areas including Europe, Asia, and North America. At close, the fund is expected to be one of the largest multi-stage venture capital funds globally. The fund is backed by institutional investors and multinational corporations including Sanofi, TotalEnergies, Valeo, BNP Paribas Cardif, Groupe SEB, Groupe ADP (Paris Aéroport), among others.

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