Hurun Global Venture Capitalists 2022 Half-Year Report

Source:Hurun Report
Author:Hurun Research Institute
IssueTime:2022-09-06

The Hurun Research Institute today released the Hurun Global Venture Capitalists 2022 Half-Year Report, a ranking of the world’s most successful venture capital investors based on the number of unicorns and gazelles in their portfolio. The cut-off date used was 30 June 2022.

HURUN GLOBAL VENTURE CAPITALISTS 2022 HALF-YEAR REPORT

 

IN SEARCH OF PROLIFIC INVESTORS INTO THE WORLD’S UNICORNS AND GAZELLES

 

 

SEQUOIA CAPITAL MOST SUCCESSFUL UNICORN AND GAZELLE INVESTOR IN WORLD, INVESTING INTO 328 OF WORLD’S TOP START-UPS, UP 43.

 

SOFTBANK, WITH 217 UNICORN AND GAZELLE INVESTMENTS, OVERTOOK TIGER GLOBAL TO SECOND PLACE. BETWEEN THEM, TOP THREE VCS INVESTED IN 38% OF WORLD’S KNOWN UNICORNS AND GAZELLES.

 

TENCENT FOURTH WITH 122, FOLLOWED BY CICC, ACCEL, Y COMBINATOR, ANDREESEN HOROWITZ, INSIGHT PARTNERS AND LIGHTSPEED ROUNDING OUT TOP TEN.

 

1933 UNICORNS AND GAZELLES IN WORLD TODAY

 

WORLD’S LEADING COMPILER OF START-UP DATA RELEASES HURUN GLOBAL VENTURE CAPITALISTS 2022 HALF-YEAR REPORT

 

 

(6 September 2022, Shanghai, China & Mumbai, India) The Hurun Research Institute today released the Hurun Global Venture Capitalists 2022 Half-Year Report, a ranking of the world’s most successful venture capital investors based on the number of unicorns and gazelles in their portfolio. The cut-off date used was 30 June 2022. Hurun Research has been tracking unicorns and venture capitalists since 2017.

 

Unicorns and gazelles represent the cream of the world’s start-ups. Both are start-ups founded in the 2000s and not yet listed on a public exchange. A unicorn has a valuation of over US$1bn, whilst a gazelle is worth over US$500mn and most likely to ‘go unicorn’, i.e. hit a valuation of US$1bn, within three years.

 

There are 1933 unicorns and gazelles in the world today, of which 1312 are unicorns and 621 are gazelles.

 

Unicorns. Hurun Research found 1312 unicorns in the world, up 24% in the last half year in numbers and 11% in value to US$4.1tn. The world’s unicorns come from 48 countries, up from 42, spread around 259 cities, up from 221. Unicorns are disrupting financial services, business management solutions and healthcare. They are 8 years old on average.

 

Gazelles. Hurun Research found 621 Gazelles in the world, based in 33 countries and 151 cities. On average, they were set up in 2015, with the vast majority selling software and services, with only 26% selling physical products. 58% are selling to businesses, whilst 42% are consumer-facing. Gazelles were disrupting healthcare, financial services and business management solutions.

 

Over US$600bn of venture funds were invested globally last year, nearly ten times the level a decade ago.

 

 

Hurun Report Chairman and Chief Researcher Rupert Hoogewerf said: “The Hurun Global Venture Capitalists is targeted at investors who are looking to know which venture capitals houses are best at identifying the current crop of fastest-growing start-ups in the world. Investors include high net worth individuals, such as those from the Hurun Global Rich List, as well as pension funds and government sovereign wealth funds. The number of blockbuster start-ups from the likes of the Hurun Global Gazelle Index and Hurun Global Unicorn Index has led to investors allocating a larger part of their portfolio towards start-ups.”

 

“The opportunity for innovation remains vast. The impact of technology is no longer just in computers but across all parts of the business world. Venture capitalists play a critical part in the start-up ecosystem, bringing money, advice and connections to help start-ups grow into global-scale business.”

 

It’s easy to see the influence of Silicon Valley, with San Francisco topping the headquarters for Hurun Global Venture Capitalists and both Menlo Park and Palo Alto making the Top 5. Venture capital as an industry started out in the seventies just as Silicon Valley was gaining steam. The mid-nineties was the next boom, also in Silicon Valley, followed by the boom in China after 2005.

 

“For most investors, managing to find just one of the Hurun Unicorns or Hurun Gazelles is enough for a lifetime, but the Hurun Global Venture Capitalists make it look easy, investing into hundreds of the world’s current crop of best start-ups. They have shown that they are not just a one-trick pony, getting lucky once with a big win and then coasting on their reputation.”

 

“How do these Venture Capitalists attract the best deals? Gone are the days of the sea of platitudes about believing in, thought-partnering, pushing the world forward, and any number of other well-meant banalities. Now is the era when their genuine expertise translates into value add for founders, especially helping them with recruitment, strategy and a war chest to grow.”

 

“Becoming a partner in one of the Hurun Global Venture Capitalists is the pinnacle of the venture capital world.”

 

“A successful start-up ecosystem requires rolemodels, both individuals, such as those from the Hurun Rich Lists, and companies, such as those from the Hurun 500 most valuable companies series. Attracting the best investors, who bring with them their experience as well as their cash, plays a critical role.  If a city or country can attract the world’s most successful entrepreneurs, companies and investors to set up shop there, that will have a roll-on effect. Entrepreneurship is infectious and cities with lots of rolemodels are likely to attract the brightest and best young entrepreneurs. It becomes a self-fulfilling prophesy.”

 

“Hurun is committed to promoting entrepreneurship through its lists and research. Hurun’s ‘startup series’ has four main components. It begins with the Hurun U30s Entrepreneurs to Watch, a list of the top entrepreneurs under the age of 30. Next up are two ‘future unicorn’ lists: Hurun Cheetahs, most likely to ‘go unicorn’ within 5 years and currently with a valuation of over US$300 million, and Hurun Gazelles, most likely to ‘go unicorn’ within 3 years and currently with a valuation of over US$500 million. The Hurun Global Unicorn Index is the pinnacle of the world’s start-ups. Behind all these start-ups lie the Hurun Global Venture Capitalists, the ‘entrepreneurs behind the entrepreneurs.

 

 

Top 10 Most successful Venture Capitalists in the world

 

Silicon Valley-founded Sequoia Capital is the most successful start-up investor in the world, investing into 328 of the world’s unicorns and gazelles, up 43 from last year.

 

Table 1: Hurun Global Venture Capitalists – Top 10 

 

Sequoia Capital is top by a long shot, investing into 328 of the Hurun Global Unicorns and Gazelles, up 43 in 6mths. Key bets include ByteDance, Shein, Vision Energy, Canva, Stripe, Instacart, Chime, FTX, BYJU's and Citadel Securities. Investment legend Don Valentine founded Sequoia Capital in Menlo Park 50 years ago, just as the term ‘Silicon Valley’ was being coined, and winning big with the likes of Google. Today, Sequoia Capital includes Sequoia USA/Europe, Sequoia China, and Sequoia India/Southeast Asia, three independently operated localized funds. Sequoia China was founded in 2005 by Neil Shen Nanpeng and Sequoia Capital.

 

SoftBank. Japan’s SoftBank has invested into 217 Unicorns and Gazelles, helping it overtake Tiger Global to second place. Legendary founder Masayoshi Son is known for placing big bets on start-ups, making his name especially with Alibaba. Other recent notable investments include Revolut, OYO, Better.com, Automation Anywhere, Biofourmis, Kushki, Material Bank, Agile Robots, and Ola Electric. Recently, the fund exited from Fair, Grab, Paytm, PolicyBazaar, WeWork, and VTEX, and has invested into Merama, Incode Technologies, Ola Electric, Sorare, and Naver Z.

 

Tiger Global. New York-based Tiger Global manages over US$20 billion and benefitted from the rise in share prices of tech companies such as Zoom during the pandemic. Founded in 2001 by Chase Coleman III, Tiger Global was one of the earliest VCs to invest in start-ups across the world and is known for its fast decision-making and so-called ‘Tiger Vouchers’, that give its portfolio access to services from world-class consultants. Notable Unicorns in its kitty include Databricks, Brex, Checkout.com, Stripe, Dream11, BlockFi, and ServiceTitan. Tiger Global lately exited from Delhivery, SenseTime, Deliverr, Dave, and Samsara. While it took a stake in Cribl, Viz, CertiK, Oxyzo, Getir, Helium and DealShare. Together with Sequoia and SoftBank, Tiger Global makes up the ‘Big Three’ Venture Capitalists.

 

Tencent Investment. Shenzhen-based Tencent Investment seems to be the odd-one out in the Top 10, in that it is a corporate venture arm of a one of the world’s largest tech companies Tencent Holdings. The firm prefers to invest in the wireless internet, new media, online games, social networks and e-commerce sectors. It has funded more than 1,300 companies worldwide to date, including Scalapay, Blockstream, CMR, Surgical, Discord, GO-JEK, Lydia, Nowports and Swiggy. In the past few months, Tencent Investments sold its stakes in SoundHound, Zhihu, Nubank, PolicyBazaar, and Udemy, and took stakes in Jeeves, Scalapay, Lydia, Xiaohongshu, and QuintoAndar.

 

CICC Capital is 5th, having invested into 115 of the Hurun Global Unicorns and Gazelles, up 55. Headquartered in Beijing, CICC Capital was founded in 2017 and has grown into one of China's leading private investment managers. CICC has invested in unicorn companies such as United Imaging and Horizon Robotics, as well as gazelle companies such as CH Biomedical and Dera.

 

Accel. Founded in 1983 in Palo Alto by Jim Swartz and Arthur Patterson, made its name especially with Facebook and today has a strong global outreach.

 

Y Combinator. Founded in 2005 by four partners, led by Paul Graham and Jessica Livingstone, Y Combinator had early successes with Dropbox, Airbnb, Stripe, Doordash, Teespring, Heroku, Optimisely and Reddit. The Y Combinator motto is ‘Make something people want’.

 

Andreessen Horowitz. Menlo Park-based Andreessen Horowitz was a late comer to the venture capital party, starting out only after the financial crisis in 2009 when seasoned entrepreneurs Ben Horowitz and Marc Andreessen came together but has grown aggressively into a Top 10 player.  Early hits included Facebook, Instagram, Twitter, Skype, Okta and Slack.

 

Insight Partners. New York-based Insight, founded over 25 years ago, has almost US$100 billion in total assets under management. Prominent portfolio hits include FTX, Automattic, Checkout.com, Databricks, BigPanda, BlaBlaCar, Dataiku, and Sisense. Insight Partners' latest portfolio exits include Zenefits, Salesloft, Nextdoor, WeWork, and SentinelOne. Meanwhile, they invested in Abnormal Security, Coda Payments, Viz, Unit, and CertiK.

 

Lightspeed Venture Partners. Menlo Park-based Lightspeed started out after the dotcom bubble burst in 2000. Early successes were built around enterprise software, including Nimble Storage, Nutanix, MuleSoft and AppDynamics, but it was Snapchat that really made its name. Lightspeed has grown into China with James Mi and India with Bejul Somaia.

 

 

Points of interest

 

Strong first half of year. In the first six months of the year, China-based CICC added 41 unicorns to its portfolio, while SoftBank added 34, Sequoia added 28, and Temasek added 26 unicorns. In the same period, Sequoia, CICC and Y Combinator added 15, 11 and 11 Gazelles to their portfolio.

 

Where are they headquartered? San Francisco has been the preferred city for the Hurun Global Venture Capitalists, with 23 investors headquartered there, followed by New York with 17, Menlo Park with 16, Beijing fourth with 15 and Palo Alto fifth with 14.

 

Where is their footprint? When looking at the offices these investors have, it tells a much more diversified story. Whilst San Francisco is still top with 30 offices there, these investors have 29 offices in Beijing, 26 in Shanghai and 24 in New York.

 

Table 2: Office Footprint of Hurun Global Venture Capitalists

 

Average age of 26 years. Majority of them were founded around 1995, with the oldest them being Goldman Sachs in 1869 and the youngest Durable Capital Partners in 2019.

 

 

By Country of Origin

Whilst the vast majority of the Hurun Global Venture Capitalists were originally founded in the US, many of them, like Sequoia, have local partnerships in China and India and other parts of the world.

 

Table 3: Country of Origin of Hurun Global Venture Capitalists

 

 

Breakdown by Unicorn vs Gazelle investments

 

Sequoia Capital leads both for Unicorns and Gazelles, whilst SoftBank, Tencent, Accel, and Y Combinator made the top 10 for both Gazelles and Unicorns.  Up and coming investors to watch, that are especially strong in Gazelle investments include CICC, Matrix Partners, Qiming Venture, GGV Capital and Lightspeed.

 

Table 4: Most Successful Investors in the World 2022 – Breakdown by Unicorns and Gazelles

 

 

Top 10 Unicorns

 

Table 5: Hurun Global Unicorn Index 2022 Half-Year Report TOP 10

 

 

Comparison between Gazelles, Unicorns and Global 500

A Gazelle is a start-up founded in the 2000s, worth over US$500mn, not yet listed on a public exchange and most likely to ‘go unicorn’, i.e. hit a valuation of US$1bn, within three years.  The Hurun Global 500 is a list of the 500 most valuable non state-controlled businesses in the world.

 

The pipeline for the Hurun Global 500 is the Hurun Global Unicorn Index and the pipeline for the Hurun Global Unicorn Index is the Hurun Global Gazelle Index. From this, we can see how China and India have a higher percentage of Gazelles and Unicorns, which over the course of 5 years ought to translate into a higher percentage of Global 500s. In the same way, Germany, France and Canada have a smaller percentage of start-ups, which suggests they will lose ground in the Global 500.

 

Table 6: Comparison of Hurun Gazelles, Unicorns and Global 500 by country

 

By city, San Francisco, Shanghai, Beijing, Shenzhen and Bengaluru have more start-ups, suggesting they will have more Global 500s within five years.

 

Table 7: Comparison of Hurun Gazelles, Unicorns and Global 500 by city

 

By industry, healthcare and business management solutions ought to grow into Global 500 companies.

 

Table 8: Comparison of Hurun Gazelles, Unicorns and Global 500 by industry

 

Companies selling software & services and directly to businesses, rather than consumers, are on the up.

 

Table 8: Comparison of Hurun Gazelles, Unicorns and Global 500 by product and consumer

 

Methodology

The Hurun Global Venture Capitalists is compiled by the Hurun Research Institute, ranking investors according to the number of unicorns and gazelles that they have invested into. Cut-off for this year’s index was 30 June 2022.

 

Hurun Research began with the Hurun Global Unicorns Index 2022 and Hurun Global Gazelles 2022, listing the world’s most successful start-ups. Hurun Research then analysed the number of these start-ups that investors had in their portfolio. The result was the Hurun Global Venture Capitalists 2022.

 

 

Disclaimer. All the data collection and research have been carried out by Hurun Research. This report is meant for information purposes only. Reasonable care and caution have been taken in preparing this report. The information contained in this report has been obtained from sources that are considered reliable. By accessing and/or using any part of the report, the user accepts this disclaimer and exclusion of liability which operates to the benefit of Hurun. Hurun does not guarantee the accuracy, adequacy, or completeness of any information contained in the report and neither shall it be responsible for any errors or omissions in or for the results obtained from the use of such information. No third party whose information is referenced in this report under the credit to it, assumes any liability towards the user with respect to its information. Hurun shall not be liable for any decisions made by the user based on this report (including those of investment or divestiture) and the user takes full responsibility for the decisions made based on this report. Hurun shall not be liable to any user of this report (and expressly disclaim liability) for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential losses, loss of profit, lost business and economic loss regardless of the cause or form of action and regardless of whether or not any such loss could have been foreseen.

 

 

About Hurun Inc.

 

Promoting Entrepreneurship Through Lists and Research

Oxford, Shanghai, Mumbai, Sydney, Paris

 

Established in the UK in 1999, Hurun is a research, media and investments group, promoting entrepreneurship through its lists and research. Widely regarded as an opinion-leader in the world of business, Hurun generated 6 billion views on the Hurun brand last year, mainly in China and India.

 

Best-known today for the Hurun Rich Index series, telling the stories of the world’s successful entrepreneurs in China, India and the world, Hurun’s two other key series include the Hurun Start-up series and the Hurun 500 series, a ranking of the world’s most valuable companies.

 

The Hurun Start-up series begins with the Hurun U30s, an awards recognizing the most successful entrepreneurs under the age of thirty, and is today in seven countries. Next up are Hurun Cheetahs, Chinese and Indian start-ups with a valuation of between US$300mn to US$500mn, most likely to go unicorn with five years.  Hurun Global Gazelles recognize start-ups with a valuation of US$500mn to US$1bn, most likely to go unicorn within three years. The culmination of the start-up series is the Hurun Global Unicorn Index.

 

Other lists include the Hurun Philanthropy Index, ranking the biggest philanthropists, the Hurun Art Index, ranking the world’s most successful artists alive today, etc…

 

Hurun provides research reports co-branded with some of the world’s leading financial insitutions, real estate developers and regional governments.

 

Hurun hosted high-profile events in the last couple of years across China and India, as well as London, Paris, New York, LA, Sydney, Luxembourg, Istanbul, Dubai and Singapore. Upcoming events include London on Oct 17, Sydney on Oct 20, Boston on Nov 4, LA on Nov 11, Shanghai on Nov 18 and Dubai in January 2023.

 

For further information, see www.hurun.net.

 

For media inquiries, please contact:

Hurun Report

Porsha Pan

Tel: +86-21-50105808*601

Mobile: +86-139 1838 7446

Email: porsha.pan@hurun.net

 

Grace Liu

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Mobile: +86 136 7195 4611

Email: grace.liu@hurun.net

 


 

Hurun Global Venture Capitalists 2022 Half-Year Report

 

 

Rank

Investor

No. of Investments*

Founded in (Country)

Key Global Leadership

Key Offices

1

Sequoia Capital

328

USA

Roelof Botha,Neil Shen

Menlo Park, Beijing, HK, Shanghai, Singapore

2

SoftBank

217

Japan

Junichi Miyakawa

Tokyo,London, San Carlos, Shanghai, Hong Kong, Mumbai, Minato, Riyadh, Singapore, Abu Dhabi

3

Tiger Global Management

196

USA

Scott Shleifer, Chase Coleman

New York

4

Tencent

122

China

Liu Chiping

Shenzhen

5

Accel

115

USA

Jim R. Swartz, Arthur Patterson

Palo Alto, San Francisco, Bengaluru, London

5

CICC

115

China

Shan Junbao

Beijing

7

Y Combinator

111

USA

Jessica Livingston

Mountain View

8

Andreessen Horowitz

110

USA

Ben Horowitz

Menlo Park, New York, San Francisco

9

Insight Partners

109

USA

Jeff Horing

New York

10

Lightspeed

92

USA

Peter Nieh, Barry Eggers, Ravi Mhatre, James Mi. Herry Han, Ron Cao

Menlo Park, Tel Aviv, Shanghai, Beijing, Hong Kong, London, Singapore

11

Goldman Sachs

91

USA

David M. Solomon

New York,Beijing,HK,Shanghai,Shenzhen,Tokyo

12

Hillhouse Capital

85

China

Zhang Lei, Tracy Ma, Luke Li, Michael Yi

Beijing, New York, Singapore, Hong Kong, Shanghai

13

IDG Capital

83

USA

Jim Breyer,Hugo Shong,Justin Niu,Yu Xinhua,Li Xiaojun,Li Ying

New York, Boston, London, Beijing, Guangzhou, HK, Shanghai, Shenzhen, Macau, Seoul, Hanoi, Ho Chi Minh

13

Matrix Partners

83

USA

Paul Ferri, Antonio Rodriguez, Dana Stadler, Diana Berlin, Ilya Sukhar, Jake Jolis, Kojo Osei, Matt Brown, Patrick Malatack, Stan Reiss, David Skok, Andrew Verhalen, Tim Barrows, David Zhang, David Su, Shao Bo

San Francisco, Cambridge, Palo Alto, Beijing, Shanghai, HK, Mumbai

15

Temasek Holdings

82

Singapore

Dilhan Pillay Sandrasegara

Singapore

16

Coatue

80

USA

Kris Fredrickson

New York

17

GGV Capital

78

USA

Jixun Foo,Jenny Lee,Hans Tung,Eric Tung,Eric Xu

Menlo Park, Beijing, Shanghai, San Franciscoa, Singapore

18

General Catalyst

76

USA

David Fialkow

Cambridge

19

GV

75

USA

David Krane

Mountain View

20

SV Angel

71

USA

Ron Conway

San Francisco

20

Founders Fund

71

USA

Peter Thiel, Brian Singerman, Keith Rabois, Lauren Gross, Scott Nolan, Trae Stephens, Napoleon Ta, Matias Van Thielen

San Francisco

22

Index Ventures

67

USA

Neil Rimer

San Francisco

22

Bessemer Venture Partners

67

USA

David Cowan

Redwood City

24

Qiming Venture Partners

59

China

Gary Rieschel,Duane Kuang,Nisa Leung,William Hu

Shanghai, Beijing, Hong Kong, Suzhou

25

BlackRock

52

USA

Larry Fink

New York

25

New Enterprise Associates

52

USA

Mohamad Makhzoumi

Menlo Park, Cambridge, Chevy Chase, Lutherville-Timonium,

25

CITIC

52

China

Zhang Yichen

Hong Kong, Shanghai, Beijing, Shenzhen

28

Fidelity

51

USA

Abigail Johnson

Boston

28

Salesforce Ventures

51

USA

Marc Benioff

San Francisco

30

Khosla Ventures

49

USA

Samir Kaul

Menlo Park

31

General Atlantic

48

USA

William E. Ford

New York

31

Alibaba

48

China

Toby Xu

Hangzhou

31

Spark Capital

48

USA

Santo Politi

San Francisco

34

DST Global

47

Russia

Saurabh Gupta

San Francisco

35

Dragoneer Investment Group

46

USA

Marc Stad

San Francisco

35

Battery Ventures

46

USA

Chelsea Stoner

Boston

37

500 Startups

45

USA

Christine Tsai

San Francisco

37

Kleiner Perkins

45

USA

Brook Byers

Menlo Park

39

Baillie Gifford

44

UK

Andrew Telfer

Edinburgh, London, New York, Shanghai, Frankfurt

40

Shunwei Capital

41

China

Lei Jun, Tuck Lye Koh, Cheng Tian, Li Rui, Li Wei

Beijing

41

FJ Labs

39

USA

Jose Marin

New York

42

Gaingels

38

USA

David Beatty

Burlington

42

YF Capital

38

China

Yu Feng

Hong Kong, Shanghai, Beijing, Hangzhou

44

T. Rowe Price

37

USA

Robert W. Sharps

Baltimore

45

5Y Capital

34

China

Liu qin, Shi Jianming, Chen Lezong

Beijing, Shanghai, Shenzhen, Hong Kong

45

CDH

34

China

Wu Shangzhi, Jiao Shuge, Stuart Schonberger, Hu Xiaoling, Wang Lin, Wang Zhenyu

Beijing, Shanghai, Shenzhen, Singapore, Hong Kong

47

Thrive Capital

33

USA

Joshua Kushner, Kareem Zaki, Jared Weinstein, Nabil Mallick, Miles Grimshaw

New York

47

Sapphire Ventures

33

USA

Nino Marakovic, Jai Das, Steve Abbott, Rajeev Dham, Kevin Diestel, Annalise Dragic, Cathy Gao, David Hartwig, Paul Levine, Anders Ranum, Casber Wang, Andreas Weiskam

Palo Alto, Austin, London

47

GIC

33

Singapore

Chow Kiat Lim

Singapore

47

Oriza

33

China

Fei Jianjiang, Liu Chengwei

Suzhou

51

Institutional Venture Partners

32

USA

Todd Chaffee

Menlo Park

51

Redpoint

32

USA

Tom Dyal

Menlo Park

51

ICONIQ Capital

32

USA

Michael Anders

San Francisco, New York, Palo Alto, Singapore

51

Norwest Venture Partners

32

USA

Jeff Crowe

Palo Alto

55

InnoVen Capital

31

India

Ashish Sharma

Mumbai

55

Greylock

31

USA

Henry McCance

Menlo Park

55

SCGC

31

China

Ni Zewang, Zuo Ding

Shenzhen

58

Greenoaks Capital

30

USA

Neil Mehta

San Francisco

58

Wellington Management

30

USA

Brendan Swords

Boston

58

Ribbit Capital

30

USA

Meyer Malka

Palo Alto

58

CPE Investment

30

China

Liu Lefei, Tian Yu

Beijing, Shanghai, Shenzhen, Hong Kong, New York

58

Xiaomi

30

China

Lei Jun, Lin Shiwei, Jiangwen

Beijing

58

Alumni Ventures

30

USA

Michael Collins

Manchester, Boston, New York, Chicago, Austin, Menlo Park

64

Bond

29

USA

Mood Rowghani

San Francisco

64

Silicon Valley Bank

29

USA

Greg Becker

Santa Clara

64

CRV

29

USA

Reid Christian

Palo Alto

64

Legend Capital

29

China

Zhu Linan, Chen hao, Li Jiaqing

Beijing, Shanghai, Shenzhen, Hong Kong

64

Zhen Fund

29

China

Wang Qiang, Xu Xiaoping, Fang Aizhi

Beijing, Shanghai, Shenzhen, Silicon Valley

69

D1 Capital Partners

28

USA

Daniel Sundheim

New York

69

8VC

28

USA

Kimmy Scotti

San Francisco

69

Lenovo Capital

28

China

He Zhiqiang, Song Chunyu, Wang Guangxi, Lin Lin

Beijing, Shanghai, Shenzhen, Hong Kong

72

Silver Lake

27

USA

Egon Durban

Menlo Park

72

TCV

27

USA

Rick Kimball

Menlo Park

72

Menlo Ventures

27

USA

Doug Carlisle

San Francisco

75

G Squared

26

USA

Larry Aschebrook

Chicago, San Francisco, Zurich, Greenwich, Miami, Mexico City

75

Endeavor Catalyst

26

USA

Linda Rottenberg, Jackie Carmel, Allen Taylor

New York

75

Bain Capital Ventures

26

USA

Paul Zurlo

San Francisco, Beijing, Shanghai, Hong Kong

75

TPG

26

USA

Jon Winkelried

San Francisco

79

Alkeon Capital

25

USA

Abhi Arun

New York

79

Coinbase Ventures

25

USA

Brian Armstrong

San Francisco

79

Source Code Capital

25

China

Cao Yi, Chang Kaisi, Wu Jian

Beijing

82

Felicis Ventures

24

USA

Aydin Senkut

Menlo Park

82

Google

24

USA

Sundar Pichai

Mountain View

82

BoxGroup

24

USA

David Tisch, Adam Rothenberg, Nimi Katragadda, Greg Rosen

New York

82

Greenspring Associates

24

USA

Ashton Newhall

Owings Mills

82

Eastern Bell Capital

24

China

Yan Li, Mei Zhiming

Shanghai, Beijing

87

Counterpart Advisors

23

USA

Kevin Brown

Los Angeles

87

Blackstone Group

23

USA

Stephen A. Schwarzman

New York, Hong Kong, Beijing, Shanghai

87

Meritech Capital Partners

23

USA

Rob Ward

Palo Alto

87

B Capital Group

23

USA

Howard Morgan

Los Angeles

87

Warburg Pincus

23

USA

Mark M Colodny

New York, Beijing, Berlin, Hong Kong, London, Mumbai, Shanghai,  San Francisco, Sao Paulo, Sinapore, Houston

87

Susquehanna Interational Group

23

USA

Wang Qiong

Philadelphia, London, Dublin, Beijing, Shanghai, Hong Kong, Tokyo

93

Altimeter Capital

22

USA

Brad Gerstner

Menlo Park

93

DCVC

22

USA

Zachary Bogue

San Francisco

93

Global Founders Capital

22

Germany

Matthias Müller

Berlin

93

Gaorong Capital

22

China

Zhang Zhen, Gao Xiang, Yue bin

Beijing

93

Baidu

22

China

Li Yanhong, Gaoxue, Li Xiaoyang, Li Xinzhe

Beijing

93

Fosun

22

China

Guo Guangchang, Tang Bin

Shanghai

99

Sound Ventures

21

USA

Ashton Kutcher

Beverly Hills

99

Citi Ventures

21

USA

Arvind Purushotham

San Francisco

99

Green Pine Capital

21

China

Luo Fei, Li wei

Beijing

102

CapitalG

20

USA

David Lawee

San Francisco

103

Kohlberg Kravis Roberts

19

USA

Henry R. Kravis

New York

103

Greycroft

19

USA

Dana Settle, Ian Sigalow

New York, Los Angeles

103

Social Capital

19

USA

Chamath Palihapitiya

Palo Alto

103

Eurazeo

19

France

Virginie Morgon

Paris

103

Benchmark

19

USA

Kevin Harvey

San Francisco

103

GP Capital

19

China

Deng Weili, Xiao Gang

Shanghai

103

Meituan

19

China

Wang Xing, Zhu Yonghua, Cheng Shaohui

Beijing, Shanghai, Xiameng

110

DFJ Growth

18

USA

Tim Draper

Menlo Park

110

American Express Ventures

18

USA

Matt Sueoka

Palo Alto

110

FundersClub

18

USA

Alex Mittal

San Francisco

110

Franklin Templeton Investments

18

USA

Jennifer M. Johnson

San Mateo

114

Durable Capital Partners

17

USA

Henry Ellenbogen

Chevy Chase

114

Atomico

17

UK

Niklas Zennström

London, Paris, Beijing, Sao Paulo, Stockholm, Tokyo

114

Glynn Capital Management

17

USA

John Glynn

Menlo Park

114

AME Cloud Ventures

17

USA

Jeff Chung

Palo Alto

114

Foundation Capital

17

USA

Bill Elmore

Palo Alto

114

Initialized Capital

17

USA

Garry Tan

San Francisco

114

EDBI

17

Singapore

Chu Swee Yeo

Singapore

114

QED Investors

17

USA

Frank Rotman, Nigel Morris

Alexandria

Source: Hurun Research Institute; *Unicorns and Gazelles

 

 

Appendix 1: Unicorn Investors Top 100

 

 


 

Appendix 2: Gazelle Investors Top 50