About ATM Capital
ATM Capital is a venture capital firm founded in 2017. It is primarily based out of Beijing, China. As of Nov 2022, ATM Capital has invested in 40 companies. It primarily invests in Seed round in Indonesia based startups. Its investments are spread across a wide range of sectors from Consumer to Retail and Enterprise Applications. Most recently it participated in the $***** Angel round of Thin Red Line Overall, ATM Capital portfolio has seen 1 unicorn, 6 IPOs and 5 acquisitions including key companies like Lazada, Meituan and Tuya. A lot of funds co-invest with ATM Capital, with names like Fosun sharing a substantial percentage of its portfolio. ATM Capital has team of 7 people including 4 partners.Key Metrics
ATM Capital's List of Top Investments
ATM Capital has a portfolio of 40 companies, one of which is a Unicorn. Their most notable investments are in Jet Commerce and Lifepal.Their portfolio spans across China, Indonesia, Singapore and 1 more locations. They have invested in Consumer, Retail, Enterprise Applications and 22 other sectors, across stages such as Seed, Series C and 2 more. Here is the list of top investments by ATM Capital:
1. Lazada
Online retailer of diverse products providing shopping experiences and digital capabilities. It connects retailers and shoppers through technology, logistics, and payments infrastructure. The platform delivers engaging experiences customised to markets. It enables businesses to scale and grow with digital capabilities.
Key facts about Lazada
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: $500M - $1B as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $690M
- Employee Count: 21,571 as on Mar 31, 2026
- Investors: Access Industries, Deutsche Capital Group and 17 Others
- Latest Funding Round: Series E, Nov 29, 2014, $*****
- Highlight: Acquired
2. Meituan
Online group-buying platform offering coupons for multi-category products and services. It offers coupon codes for food ordering, restaurants, dining booking, tickets, entertainment, corporate travel booking, domestic services, and more.
Key facts about Meituan
- Founded Year: 2010
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $9.86B
- Employee Count: 41,594 as on Aug 31, 2026
- Investors: Brookside Equity Partners, Baillie Gifford and 49 Others
- Latest Funding Round: Series F, Sep 01, 2018, $*****
- Highlight: Public
3. Aspire
Digital bank for businesses. Its services include current accounts, NFC-enabled prepaid cards, money transfers, cash withdrawals, and more. It provides a business line of credit. It also provides financial tools to SMEs in order to solve cash flow management and working capital needs. The application is available on the Android and iOS platforms.
Key facts about Aspire
- Founded Year: 2018
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2022
- Stage: Series C
- Total Funding till date: $200M
- Employee Count: 1,167 as on Aug 31, 2026
- Investors: For Good Ventures, CE Innovation Capital and 37 Others
- Latest Funding Round: Series C, Feb 14, 2023, $*****
- Highlight: Editors' Pick
4. Tuya
Provider of AI cloud platform services for smart product development. The company offers tools and resources for creating AI-driven applications and devices. It provides solutions for various industries, including smart hospitality, commercial lighting, and smart residential. The company delivers support for developers through documentation, online assistance, and technical guidance.
Key facts about Tuya
- Founded Year: 2014
- Location: Santa Clara (United States)
- Stage: Public
- Total Funding till date: $200M
- Employee Count: 638 as on Sep 30, 2026
- Investors: ATM Capital, CBC Capital and 12 Others
- Latest Funding Round: Series C, Jul 23, 2018, $*****
- Highlight: Public
5. Liepin
Provider of job board platform for the multi industry. It allows businesses to post job positions, download resumes, and advertise openings, and it also allows job seekers to send resumes and acquire contact information of businesses and headhunters. The website has job postings for a variety of sectors and jobs, such as engineering, construction, manufacturing, retail, research and development, and more. It also provides college recruiting and corporate recruitment services.
Key facts about Liepin
- Founded Year: 2004
- Location: Beijing (China)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $170M
- Employee Count: 96 as on Aug 31, 2026
- Investors: Ledger Capital, SDIC Innovation and 7 Others
- Latest Funding Round: Series D, Jun 28, 2016, $*****
- Highlight: Editors' Pick
ATM Capital's Year-on-Year Investment Trends
ATM Capital has invested in 40 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Thin Red Line and most recent follow-on round was in Jet Commerce.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 3 | 1 | 4 |
2021 | 0 | 1 | 1 |
2020 | 0 | 1 | 1 |
2019 | 5 | 0 | 5 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
ATM Capital's Investments by Stage
ATM Capital has made 4 investments in Seed stage with an average round size of $5.3M, 3 investments in Series C stage with an average round size of $25.5M, 1 investment in Angel stage with an average round size of $55.2M and 1 investment in Series A stage.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series C | 3 |
Angel | 1 |
Series A | 1 |
Note: We have considered here, only first round of investments
ATM Capital's Investments by Sector
ATM Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, HealthTech and Media & Entertainment. Notably, it has invested in 33 Tech companies, 22 Consumer (B2C) companies, 19 Software companies and at least 17 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 4 |
Enterprise Applications | 4 |
Retail | 4 |
HealthTech | 2 |
Media & Entertainment | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
ATM Capital's Investments by Geography
ATM Capital has made most investments in Indonesia (5), followed by China where it has made 2 investments.Country | No. of Investments |
|---|---|
Indonesia | 5 |
China | 2 |
Singapore | 2 |
Note: We have considered here, only first round of investments
ATM Capital's recent investments
ATM Capital has not made any investment in 2026 so far.Here are the most recent investments by ATM Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 10, 2022 | China | Angel | 3778 | [+5] | |
Aug 10, 2022 | Indonesia | Series B | 9811 | [+3] | |
Feb 17, 2022 | Indonesia | Seed | 4925 | - | |
Feb 16, 2022 | China | Series C | 5879 | [+4] | |
Aug 20, 2021 | Indonesia | Series A | 4981 | [+3] |
Unicorns in ATM Capital's Portfolio
ATM Capital has 1 unicorn in its portfolio - Liepin. The most recent unicorn in their portfolio is Liepin which became a unicorn in 2016, 10 years before ATM Capital first invested in it.Here is a list of unicorns in ATM Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Provider of job board platform for the multi industry | 2004 | Beijing | Series D | wielhjd |
IPOs and Publicly Listed companies in ATM Capital's Portfolio
6 of ATM Capital's portfolio companies have become public. Tuya got listed on the Hong Kong Exchanges (HKG), in Jul 2022 at marketcap of $1.68B and FangDD got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of undefined.Here are ATM Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 05, 2022 | - | - | 6195 | |
Nov 01, 2019 | - | - | 9101 | |
Sep 21, 2018 | - | - | 5094 | |
Sep 12, 2018 | - | - | 4960 | |
Jun 28, 2018 | - | - | 8744 |
Acquired companies in ATM Capital's Portfolio
5 companies from ATM Capital's portfolio have been acquired. The most recent acquisition was Lifepal in Jan 2024 by Roojai for $*****.Here are ATM Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 15, 2024 | Mar 08, 2019 | Seed | 7082 | |
Sep 29, 2020 | - | - | 4856 | |
Apr 12, 2016 | - | - | 5863 | |
Jun 19, 2014 | - | - | 8715 | |
May 07, 2013 | - | - | 5566 |
Team profile of ATM Capital
ATM Capital has a team of 7 members including 4 Partners and 2 Principals located in China, Singapore and 1 more location. ATM Capital's team does not sit on the board of any company as of now.Here is a list of all team members in ATM Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | ||
Partner | Beijing | - | - | |
Partner | - | - | ||
Partner | Guangzhou | - | ||
Principal | Jakarta | - | ||
Principal | China | - | - |
Co-investors of ATM Capital
Over the past 9 years, 66 investors have co-invested in ATM Capital's portfolio companies. This includes funds and angels.
- Invested before ATM Capital: Global Grand Leisure, Mountain Pine Capital and 8 others have invested in rounds before ATM Capital. There are 2 companies where Global Grand Leisure has invested before ATM Capital and 2 companies where Mountain Pine Capital has invested before ATM Capital.
- Top Co-investors of ATM Capital: 28 investors entered a company along with ATM Capital. These include investors like Fosun (2 companies).
- Invested after ATM Capital: A total of 28 investors have invested in ATM Capital's portfolio after their investments. Top Investors include Tenaya Capital (1 company), Coca-Cola Europacific Partners (1 company) and AC Ventures (1 company).
Recent News related to ATM Capital
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ATM Capital Taps Sherif Hassan’s Expertise to Strengthen Its Global Market Vision.AlBawaba•Sep 07, 2026•ATM Capital
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Southeast Asian education company "WonderMind" completes seed round financing36Kr•Sep 01, 2023•Wondermind, ATM Capital
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Jet Commerce banks $60m in series B, eyes Singapore entryTech in Asia•Aug 30, 2022•Jet Commerce, Hidden Harbor Capital Partners, ATM Capital, Zhejiang SilkRoad Fund
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Jet Commerce Receives 900 Billion Rupiah Funds, Strengthens "Omnichannel Commerce" SolutionDailysocial•Aug 29, 2022•Jet Commerce, Hidden Hill Capital, Zhejiang SilkRoad Fund, ATM Capital
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ByteDance-Linked Jinqiu Venture Capital Completes First InvestmentPandaily•Aug 15, 2022•Jet Commerce, Hidden Hill Capital, Zhejiang SilkRoad Fund, ATM Capital and 2 others
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Chinese investors back emerging markets e-commerce enablerAsian Venture Capital Journal•Aug 11, 2022•Jet Commerce, Hidden Hill Capital, Zhejiang SilkRoad Fund, ATM Capital
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