About ACE
ACE is a venture capital firm founded in 1980. It is primarily based out of Pudong, China. It primarily invests in Australia based startups. Its investments are spread across a wide range of sectors from Food and Agriculture Tech to Consumer and FinTech. Overall, ACE portfolio has seen 2 unicorns, 4 IPOs and 7 acquisitions including key companies like Boral, WiFi and Seven West Media. ACE has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio IPOs
Portfolio Acquisitions
ACE's List of Top Investments
ACE has a portfolio of 16 companies, including 2 unicorns. Their most notable investments include Boral and WiFi.Their portfolio spans across Australia and China. They have invested in Food and Agriculture Tech, Consumer, FinTech and 10 other sectors. Here is the list of top investments by ACE:1. Boral
Key facts about Boral
- Founded Year: 1946
- Location: Sydney (Australia)
- Stage: Acquired
- Total Funding till date: $22.4M
- Employee Count: 3,714 as on May 31, 2026
- Investors: ACE, Seven Group Holdings and 4 Others
- Latest Funding Round: Grant (prize money), Dec 12, 2025, $*****
- Highlight: Acquired
2. WiFi
WiFi Master Key lets users share their WiFi hotspots on the platform, so users can find the available hotspots nearby and access the shared hotspots for free. Besides, the app also has a built-in power saver, traffic tracker, signal detector and tethering features, making it a handy WiFi connection management tool for smartphone users. To improve user experience, WiFi Master Key has invested extensively in finding ways to create a greater network of supplementary hotspots for even better results. Currently, the app’s hotspots are mainly hosted by companies, Internet service providers or governments as part of their smart city campaigns.. All ChinaNet hotspots, of which there are 8 million littered throughout the country, are available to Wifi Skeleton Key users. Those hotspots are run by China Mobile, the world’s largest telecom operator. App also crowdsources login credentials, so when one user logs into a hotspot, his or her credentials are added to the database so that everyone else on the app can also use that hotspot. Boasts 800 million users globally.
Key facts about WiFi
Integrated media company offering broadcast television, publishing, and online services. It provides content creation and distribution across multiple platforms. The company also offers advertising services through its established sales teams. It engages in research projects and participates in industry bodies. Additionally, it manages a digital streaming platform and employs a diverse team across various media functions. The organization supports career development and offers employment opportunities.
Key facts about Seven West Media
- Founded Year: 1992
- Location: Perth (Australia)
- Stage: Acquired
- Employee Count: 3,126 as on May 31, 2026
- Investors: ACE and Seven Group Holdings
- Latest Funding Round: PE, Jul 01, 2015, $*****
- Highlight: Acquired
4. Beach Energy
Key facts about Beach Energy
- Founded Year: 1961
- Location: Adelaide (Australia)
- Stage: Public
- Employee Count: 489 as on May 31, 2026
- Investors: ACE, Seven Group Holdings and 3 Others
- Latest Funding Round: Conventional Debt, Dec 07, 2015, $*****
- Highlight: Public
5. Meicai
B2B platform offering multi-category farm products. The company offers an online fresh food aggregator platform designed to connect farmers and restaurants. The company allows customers including businesses and restaurants order directly from the farms, enabling farmers to sell vegetables directly to restaurants. The product catalog includes vegetables, fruits, meat, seafood, and more.
Key facts about Meicai
Unicorns in ACE's Portfolio
ACE has 2 unicorns in its portfolio - Meicai and WiFi. The most recent unicorn in their portfolio is Meicai. It became a unicorn in 2018, 8 years before ACE first invested in it.Here is a list of unicorns in ACE's portfolio:
Filter this listTracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
55 | B2B platform offering multi-category farm products | 2014 | Beijing | Series F | fseqftg | ||
62 | App for quickly connecting to wifi hotspots without a password | 2013 | Shanghai | Series A | xienqhl |
IPOs and Publicly Listed companies in ACE's Portfolio
4 of ACE's portfolio companies have become public. Seven Group Holdings got listed on the Australian Securities Exchange (ASX), in Apr 2010 and BCI Minerals got listed on the Australian Securities Exchange (ASX).Here are ACE's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 30, 2010 | - | - | 5064 | |
Dec 15, 2006 | - | - | 6157 | |
Dec 17, 2003 | - | - | 6701 | |
Jun 30, 1972 | - | - | 4707 |
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Acquired companies in ACE's Portfolio
7 companies from ACE's portfolio have been acquired. The most recent acquisition was Seven West Media in Nov 2025 by Kroll for $*****.Here are ACE's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 04, 2025 | - | - | 9858 | |
Dec 16, 2021 | - | - | 7345 | |
Jul 15, 2021 | - | - | 6422 | |
Oct 06, 2020 | - | - | 1254 | |
Aug 13, 2018 | - | - | 6734 |
Team profile of ACE
ACE has a team of 1 member. ACE's team does not sit on the board of any company as of now.Recent News related to ACE
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Dr. Joe (Yizhou) He: Turning Cross-Border Ambition into Operable PartnershipsPR Newswire•Apr 30, 2026•ACE, Fosun
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