Recent Funding
Investors
Cathay Innovation

Cathay Innovation portfolio

Cathay Innovation has 20 portfolio companies on record at Recent Funding, with 4 investments in the last 12 months.

Website: cathayinnovation.com.

Type: Venture capital.

Portfolio on Recent Funding: 20.

Deals, last 12 months: 4.

Rounds led: 7 of 14.

Capital in their rounds: $707M.

Latest deal: Skan AI · Aug 12, 2026.

About this page

It is a venture capital firm based in Paris, FR, founded in 2015. It led 7 of the 14 rounds it joined. Its most recent investment on record is Skan AI's $63M Series B+ round in August 2026, which it led, alongside Dell Technologies Capital. By category, its portfolio leans toward Health and bio (6) and Fintech (4). It has co-invested with Union Square Ventures, Equal Ventures and Eniac Ventures, most often Union Square Ventures (3 rounds).

About Cathay Innovation

Firm type: Venture capital.

Headquarters: Paris, FR.

Founded: 2015.

Stages: Seed, Series A, Series B, Series C, Growth.

Sectors: AI & Machine Learning, Consumer, Crypto & Web3, Digital Health, Energy, Enterprise Software, Fintech, IoT, Mobility & Transportation, Retail Tech, Robotics, SaaS, Sector Agnostic.

Check size: $5M to $40M.

Leads rounds: No.

Portfolio companies: 156.

Exits: 5.

Rounds led: 22.

What Cathay Innovation invests in

Health and bio · 6 · 30%
Fintech · 4 · 20%
AI agents · 3 · 15%
Insurance · 3 · 15%
Climate and energy · 3 · 15%
Commerce and retail · 3 · 15%
Education · 3 · 15%
Robotics and hardware · 2 · 10%

Cathay Innovation recent investments

Company	Round	Date	Alongside
SSkan AI	Series B+ · $63M · lead	Aug 12, 2026	Dell Technologies Capital (lead)
QQualified Health	Series B+ · $125M	Mar 25, 2026	Healthier Capital, Flare Capital Partners, NEA (lead) +6
GGenLogs	Series B+ · $60M	Feb 2, 2026	HOF Capital, Plug and Play, Autotech Ventures +6
TTucuvi	Series A · $20M · lead	Jan 8, 2026	K Fund (lead), Seaya, Frontline Ventures +1
KKredete	Series A · $22M	Sep 15, 2025	Polymorphic Capital, AfricInvest (lead), Partech
NNabla	Series B+ · $70M	Jun 1, 2025	Highland Europe, HV Capital (lead), DST Global +1
NNelly	Series B+ · $52M · lead	Jan 1, 2025	arc investors, b2venture, Notion Capital (lead) +2
RRange	Series B+ · $28M · lead	Nov 26, 2024	none named

How Cathay Innovation invests

Stage	Deals	Capital in rounds
Series B+	11 79%	$642M
Series A	3 21%	$65M

Year	Deals	Capital in rounds
2020	1 7%	$42M
2023	2 14%	$138M
2024	4 29%	$115M
2025	3 21%	$144M
2026	4 29%	$268M

Cathay Innovation portfolio companies

SSkan AI$63MSeries B+ · Aug 2026
QQualified Health$125MSeries B+ · Mar 2026
GGenLogs$60MSeries B+ · Feb 2026
TTucuvi$20MSeries A · Jan 2026
KKredete$22MSeries A · Sep 2025
NNabla$70MSeries B+ · Jun 2025
NNelly$52MSeries B+ · Jan 2025
RRange$28MSeries B+ · Nov 2024
GGhost$40MSeries B+ · Oct 2024
DDavid Energy$23MSeries A · Sep 2024
LLedger$108MSeries B+ · Mar 2023
LLaiye$42MSeries B+ · Feb 2020
AAMI Labsbacker
LLogical Intelligencebacker
BBioptimusbacker
CClivibacker
SStrikinglybacker
TThekerbacker
EEntalpicbacker
QQoverbacker

Company	Round with Cathay Innovation	Total raised	Latest raise
SSkan AI AI agents	Aug 12, 2026 Series B+ · $63M · lead	$63M	Aug 12, 2026 Series B+
QQualified Health Health and bio	Mar 25, 2026 Series B+ · $125M	$155M	Mar 25, 2026 Series B+
GGenLogs Climate and energy	Feb 2, 2026 Series B+ · $60M	$74.6M	Feb 2, 2026 Series B+
TTucuvi AI agents	Jan 8, 2026 Series A · $20M · lead	$20M	Jan 8, 2026 Series A
KKredete Stablecoins	Sep 15, 2025 Series A · $22M	$22M	Sep 15, 2025 Series A
NNabla Health and bio	Jun 1, 2025 Series B+ · $70M	$109M	Jun 1, 2025 Series B+
NNelly Fintech	Jan 1, 2025 Series B+ · $52M · lead	$72M	Sep 24, 2025 Series B+
RRange Fintech	Nov 26, 2024 Series B+ · $28M · lead	$96.3M	Jun 19, 2026 Series A
GGhost Commerce and retail	Oct 15, 2024 Series B+ · $40M	$91M	Oct 15, 2024 Series B+
DDavid Energy Climate and energy	Sep 1, 2024 Series A · $23M · lead	$43.5M	May 8, 2025 Series A
LLedger ZK and privacy	Mar 31, 2023 Series B+ · $108M	$578.48M	Jul 15, 2026 Series B+
LLaiye AI agents	Feb 24, 2020 Series B+ · $42M	$252M	May 17, 2022 Series B+
AAMI Labs Foundation models and research	backer · source	undisclosed	Jul 7, 2026 Seed
LLogical Intelligence Climate and energy	backer	undisclosed	—
BBioptimus Health and bio	backer	$35M	Jul 2, 2025 Series A
CClivi Health and bio	backer	undisclosed	—
SStrikingly Sales and marketing	backer	undisclosed	Apr 20, 2026 Series A
TTheker Robotics and hardware	backer	$85M	Jun 12, 2026 Series A
EEntalpic Manufacturing and industrial	backer	$9M	Sep 5, 2024 Seed
QQover Insurance	backer	$42M	Apr 1, 2026 Series B+

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Health and bio).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 14 rounds on Recent Funding that name Cathay Innovation. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Cathay Innovation, which is a subset of its real portfolio. API: /api/v1/investors/cathay-innovation (get a free API key). More: the most active VC firms and new venture capital funds.