Cathay Innovation is a global, multi-stage venture capital firm affiliated with Cathay Capital, founded in Paris in 2015. It connects founders with investors and a global ecosystem of Fortune 500 corporations to help startups scale and transform industries, with a focus on vertical AI, digital health, fintech, consumer, mobility, and energy.
Deal activity decreased year-over-year (6 deals in the last 12 months vs 10 prior). Their most common stage is series-b (43% of deals). Average disclosed round size is $75.4M (across 87 rounds with reported amounts).
Portfolio
81
Fund Size
$1B
Top Stage
Series B
Last 12 Mo
6
Team
LD
Lanchun Duan
Managing Partner
LZ
Li Zhang
Partner
ML
Maoxiang Li (John)
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
115 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| AAdvanced Machine Intelligence Labs | Seed | $1.0B | Mar 2026 |
 Cryptio | Series B | $45M | Mar 2026 |
 Qualified Health | Series A | — | Mar 2026 |
 GenLogs | Series B | $60M | Feb 2026 |
 Tucuvi | Series A | $20M | Jan 2026 |
| AAMI | Seed | $1.0B | Jan 2026 |
 Skan AI | Series A | $14M | Jan 2026 |
| GenLogs | Series B | $60M | Jan 2026 |
 Range | Series C | — | Dec 2025 |
 Nabla | Series C | — | Jun 2025 |
 Abacum | Series B | $52.5M | Jun 2025 |
 Abacum | Series B | $60M | Jun 2025 |
 Bioptimus | Series A | $41M | Jan 2025 |
 Nelly | Series B | $51M | Jan 2025 |
 Flowdesk | Series B | $102M | Jan 2025 |
| NNelly Solutions | Series B | — | Jan 2025 |
| KKredivo Group | Series D | $270M | Jan 2025 |
| Abacum | Series B | $60M | Jan 2025 |
| Abacum | Series B | $60M | Jan 2025 |
 AQEMIA | Series B | $38M | Dec 2024 |
| Range | Series B | $28M | Nov 2024 |
 Ghost | Series C | $40M | Oct 2024 |
 David Energy | Series B | $23M | Sep 2024 |
| EEntalpic | Seed | — | Sep 2024 |
 Imagino | Series A | — | Jun 2024 |
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Top Co-Investors
Seaya18 shared
Bpifrance10 shared
Serena9 shared
Index Ventures7 shared
Atomico7 shared
Idinvest Partners7 shared
Y Combinator7 shared
Plug and Play Tech Center6 shared
Eniac Ventures6 shared
Scale Venture Partners6 shared
Creandum6 shared
Bpifrance Large Venture6 shared
Eurazeo6 shared
Union Square Ventures5 shared
Highland Europe5 shared
Kfund5 shared
Korelya Capital5 shared
Greycroft5 shared
BlackFin Capital Partners5 shared
Rakuten Capital4 shared
Last updated: 7 October 2026