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Ameba Capital

VC Firm·Shanghai, China·~US$1B AUM; latest US$265M fund (2021)

Founded in 2011 by Andrew Teoh, Kevin Wang, and Frank Li, Ameba Capital is a Shanghai-based venture capital firm specialising in SaaS, AI, and digital transformation across major industries. The firm primarily targets Series A investments in China-based startups, with a portfolio spanning enterprise applications, new energy, education, and healthcare. Notable early-stage bets include angel investments in Didi, JST, and Leyan. The team draws on deep operational experience, with founders formerly holding senior roles at Alibaba and Kingsoft.

Focus Areas

SaaSAIDigital TransformationEnterprise ApplicationsNew EnergyEducation TechnologyHealthcare Technology
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1 company in our directory

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Porotech

Semiconductors·Series A

Porotech is a University of Cambridge spinout founded in 2018 following over a decade of research in gallium nitride materials, formally spun out in January 2020. Led by CEO Dr Tongtong Zhu with 15+ years of III-nitride semiconductor expertise, CSO Professor Rachel Oliver (Director of the Cambridge Centre for Gallium Nitride), and CTO Dr Yingjun Liu, the company created a novel porous GaN semiconductor material enabling next-generation micro-LED displays. The technology offers brighter, sharper displays for smartphones, smartwatches, AR/VR headsets, and outdoor environments. Porotech has raised $25.4M to date, including a £3M seed extension led by Speedinvest and a $20M Series A in 2022 led by Ameba Capital.