Cyberport Venture Capital Forum 2024 Grand Opening

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Cyberport Investors Network Membership Internationalised with Expansion to Multiple Regions

 

The Cyberport Investors Network (CIN) has consistently attracted powerful investment entities from around the world, connecting them with high-potential companies within the Cyberport community. This year marks the 7th anniversary of CIN. Since its inception, CIN's total investment amount has reached over HK$2.597 billion, an increase of more than HK$560 million from last year, representing a 64% year-on-year growth. Cumulatively, CIN has facilitated 96 project matches, 21 more than last year, reflecting a 1.5-fold annual increase. This year, more than 30 new investment entities have joined CIN, bringing the total number of investment entities to over 200, including investors from Mainland China and the Asia-Pacific region. This diversification showcases the global reach and inclusiveness of the network, attracting international venture capital.

 

Cyberport has also been continuously investing in high-potential start-ups within its ecosystem through the Cyberport Macro Fund (CMF) and has actively assisted them in securing funding. As of September 2024, CMF has invested in 28 start-ups projects, including Green Monday, a company developing plant-based meat products this year. This highlights the importance of green technology and sustainability for the future of society. Currently, the total investment amount of CMF and co-investments has exceeded HK$1.94 billion, with a co-investment ratio of 1:9, showcasing Cyberport's strong capability in attracting investments.

 

On the future direction of the CIN, Hendrick Sin, Chairman of the Cyberport Investors Network (CIN) Steering Group, Co-Founder & Vice Chairman, CMGE Technology Group Limited, and Founding Partner, China Prosperity Capital, shared the following: "With the HKSAR Government continuously strengthening regional cooperation with the ASEAN and Middle Eastern markets, the 'Cyberport Investors Network' is fully prepared to play a key role in this effort. It aligns with current policies for investing in the I&T sector, focusing on both local and global expansion. Our goal is to achieve an annual growth rate of 20% in the number of investor members, providing a robust source of deals for investors while fully supporting the fundraising and growth of the Cyberport community. Looking ahead, the CIN and CMF will work together to facilitate more investment matchings, uncover investment opportunities, and to expand the global impact of Hong Kong's start-ups."

 

Cyberport Start-up Fared Well in Dealmaking with High-Value Ventures

 

Due to the impact of the macro economy, the global start-ups landscape is constantly changing. Entrepreneurs need bolder and more innovative visions to attract investors and build partnerships. Over the past year, Cyberport community start-ups have shown outstanding fundraising performance, successfully raising over HK$3.7 billion, a 23% increase year-on-year, bring the cumulative total to over HK$41.2 billion. Several companies recently completed significant funding rounds, including Klook, Leapstack, Buy&Ship, and MediConCen. Additionally, this year, Cyberport community member, HashKey Group, a licensed virtual asset trading platform, emerged as the eighth unicorn in the Cyberport community. This reflects the continued investor interest in the Web3.0 ecosystem.

 

Focusing on the Venture Capital Landscape: Interpreting Innovation Potential

 

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