About Darwin Venture Management
Darwin Venture Management is a venture capital firm founded in 2009. It is primarily based out of Taipei, Taiwan. As of May 2025, Darwin Venture Management is an active investor, having invested in 70 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Taiwan based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Life Sciences. Most recently it participated in the $***** Series D round of Findy Overall, Darwin Venture Management portfolio has seen 1 unicorn, 11 IPOs and 7 acquisitions including key companies like Gamma, Foresee Pharmaceuticals and 17LIVE. A lot of funds co-invest with Darwin Venture Management, with names like Alibaba Entrepreneurs Fund sharing a substantial percentage of its portfolio. Darwin Venture Management has team of 28 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Darwin Venture Management's List of Top Investments
Darwin Venture Management has a portfolio of 70 companies, one of which is a Unicorn. Their most notable investments are in Zuvio and Yourator.Their portfolio spans across Taiwan, United States, Japan and 3 more locations. They have invested in Enterprise Applications, Consumer, Life Sciences and 26 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Darwin Venture Management:1. Gamma
Provider of AI based presentation tool for enterprise collaboration. The platform allows users to create content and offers tools to create presentations,memos, briefs and documents. It employs AI technology to enable people to create content using templates and no code updates.
Key facts about Gamma
- Founded Year: 2020
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $87M
- Employee Count: 318 as on Mar 31, 2026
- Investors: Andreessen Horowitz, South Park Commons and 13 Others
- Latest Funding Round: Series B, Nov 10, 2025, $*****
- Highlight: Editors' Pick
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2. KKday
Online retailer of attraction tickets, tours, transport, and travel services. It provides options for experiences, flights, accommodations, food, WiFi, and SIM cards. The platform facilitates the discovery of local experiences. It offers a variety of travel-related products and services.
Key facts about KKday
- Founded Year: 2014
- Location: Taipei (Taiwan)
- Stage: Series D
- Total Funding till date: $197M
- Employee Count: 976 as on Mar 31, 2026
- Investors: CDIB Capital Group, Darwin Venture Management and 13 Others
- Latest Funding Round: Series D, Dec 05, 2024, $*****
- Highlight: Editors' Pick
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3. Cubo AI
Online retailer of smart baby monitors and related accessories. It provides devices with features such as safety alerts, sleep tracking, and lullaby programming. It offers products designed to monitor breathing motion, detect covered faces, and track sleep patterns. The company also provides accessories and add-ons for its monitoring systems.
Key facts about Cubo AI
- Founded Year: 2017
- Location: Taipei (Taiwan)
- Stage: Series B
- Total Funding till date: $5.2M
- Employee Count: 38 as on Jul 01, 2024
- Investors: Darwin Venture Management and AJ Venture Capital
- Latest Funding Round: Series B, Oct 24, 2024, $*****
- Highlight: Editors' Pick
Foresee Pharmaceuticals develops injectables and NCEs for cancer, endocrine disorders, and inflammatory diseases. Its stabilized injectable formulation platform is primarily a controlled release drug delivery platform for small molecules, peptides, and other bioactive. Its lead candidate is in phase III trials for prostate cancer, and another candidate in phase II trials for COPD and asthma. In addition, it has other candidates for acromegaly, opioid dependence, diabetic retinopathy and alport syndrome in preclinical studies. Its pipeline candidates are FP-001 (Leuprolide) for prostate cancer, FP-004 (Buprenorphine) for opioid dependence, and FP-011 (Goserelin) for the breast cancer among others.
Key facts about Foresee Pharmaceuticals
- Founded Year: 2011
- Location: Taipei (Taiwan)
- Stage: Public
- Total Funding till date: $32.5M
- Employee Count: 21 as on Jul 01, 2024
- Investors: Vivo Capital, CDIB Capital Group and 4 Others
- Latest Funding Round: Post IPO, 2020, $*****
- Highlight: Public
5. 17LIVE
Social music streaming platform. It allows artists, music, models to live stream on the platform. It allows users to chat, message, and play interactive games on the platform. The application is available for Android and iOS users. it monetizes through in-app purchases.
Key facts about 17LIVE
- Founded Year: 2015
- Location: Taipei (Taiwan)
- Stage: Public
- Total Funding till date: $26.5M
- Investors: Headline, Darwin Venture Management and 14 Others
- Latest Funding Round: Series D, May 11, 2020, $*****
- Highlight: Public
Darwin Venture Management's Year-on-Year Investment Trends
Darwin Venture Management has invested in 70 companies over the last 17 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Findy and most recent follow-on round was in Iweecare.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 3 | 0 | 3 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
2020 | 1 | 1 | 2 |
2019 | 1 | 0 | 1 |
2018 | 3 | 0 | 3 |
Darwin Venture Management's Investments by Stage
Darwin Venture Management has made 3 investments in Seed stage with an average round size of $1M, 3 investments in Series A stage with an average round size of $7M, 3 investments in Series B stage with an average round size of $6.53M, 2 investments in Series C stage with an average round size of $14.1M and 2 investments in Series D stage with an average round size of $42.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Series B | 3 |
Series C | 2 |
Series D | 2 |
Note: We have considered here, only first round of investments
Darwin Venture Management's Investments by Sector
Darwin Venture Management has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Enterprise Infrastructure and FinTech. Notably, it has invested in 52 Tech companies, 40 Enterprise (B2B) companies, 24 Software companies and at least 23 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 9 |
Enterprise Applications | 4 |
High Tech | 4 |
Enterprise Infrastructure | 2 |
FinTech | 2 |
Others | 17 |
Note: We have considered here, only first round of investments
Darwin Venture Management's Investments by Geography
Darwin Venture Management has made most investments in Taiwan (8), followed by Japan where it has made 3 investments.Country | No. of Investments |
|---|---|
Taiwan | 8 |
Japan | 3 |
United States | 2 |
Note: We have considered here, only first round of investments
Darwin Venture Management's recent investments
Darwin Venture Management has not made any investment in 2026 so far.Here are the most recent investments by Darwin Venture Management:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 26, 2025 | Japan | Series D | 6616 | [+6] | |
Dec 05, 2024 | Taiwan | Series D | 6730 | [+3] | |
Jul 16, 2024 | Taiwan | Series B | 5426 | [+5] | |
Apr 17, 2024 | Japan | Series C | 8093 | [+2] | |
Jun 23, 2023 | Taiwan | Seed | 9104 | [+3] |
Unicorns in Darwin Venture Management's Portfolio
Darwin Venture Management has 1 unicorn in its portfolio - Gamma. The most recent unicorn in their portfolio is Gamma which became a unicorn in 2025.Here is a list of unicorns in Darwin Venture Management's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Provider of AI based presentation tool for enterprise collaboration | 2020 | San Francisco | Series B | xzxnzpt |
IPOs and Publicly Listed companies in Darwin Venture Management's Portfolio
11 of Darwin Venture Management's portfolio companies have become public. Spirit Scientific got listed on the Taipei Stock Exchange (TT), in Dec 2024 and eui.money got listed on the Taipei Stock Exchange (TT).Here are Darwin Venture Management's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 27, 2024 | - | - | 8316 | |
Jun 13, 2024 | - | - | 4969 | |
Dec 08, 2023 | - | - | 8340 | |
Jan 20, 2021 | - | - | 1907 | |
Jan 23, 2019 | - | - | 9646 |
Acquired companies in Darwin Venture Management's Portfolio
7 companies from Darwin Venture Management's portfolio have been acquired. The most recent acquisition were iCHEF in Dec 2025 by 91APP for $32M.Here are Darwin Venture Management's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 08, 2025 | - | - | 1635 | |
Apr 02, 2025 | Apr 16, 2020 | Series A | 2542 | |
May 17, 2023 | Jan 31, 2018 | Series A | 8903 | |
Jan 27, 2021 | - | - | 3025 | |
Sep 28, 2020 | - | - | 6724 |
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Team profile of Darwin Venture Management
Darwin Venture Management has a team of 28 members including 4 Partners, 12 Venture Partners and 3 Principals located in Taiwan and United States. Darwin Venture Management's team does not sit on the board of any company as of now.Here is a list of top team members in Darwin Venture Management:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Taiwan | - | ||
Partner | Taipei | - | ||
Partner | - | - | ||
Partner | Taiwan | - | ||
Venture Partner | - | - | ||
Venture Partner | - | - | ||
Venture Partner | Taipei | - | ||
Venture Partner | New York City | - | - | |
Venture Partner | Brookline | - | - | |
Venture Partner | - | - | ||
Venture Partner | - | - |
Co-investors of Darwin Venture Management
Over the past 17 years, 95 investors have co-invested in Darwin Venture Management's portfolio companies. This includes funds and angels.
- Invested before Darwin Venture Management: Accord Ventures, SMBC Venture Capital and 41 others have invested in rounds before Darwin Venture Management. There are 2 companies where Accord Ventures has invested before Darwin Venture Management and 2 companies where SMBC Venture Capital has invested before Darwin Venture Management.
- Top Co-investors of Darwin Venture Management: 34 investors entered a company along with Darwin Venture Management. These include investors like Alibaba Entrepreneurs Fund (2 companies).
- Invested after Darwin Venture Management: A total of 18 investors have invested in Darwin Venture Management's portfolio after their investments. Top Investors include Lion Travel (1 company), Klook (1 company) and California Energy Commission (1 company).
Recent News related to Darwin Venture Management
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Taiwan’s second-hand luxury platform PopChill launches in Hong KongInside Retail•Oct 20, 2023•PopChill, Industrial Technology Investment Corporation, AVA, 500 Global and 3 others
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Developer of Temp Pal smart thermometer scores additional $2.4M in Pre-Series A roundMobiHealthNews•Sep 29, 2020•Iweecare, TransLink Capital, National Development Council, BE Capital and 9 others
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Surface innovator, Nelumbo, raises $14mCooling Post•Apr 15, 2020•Nelumbo, Prime Movers Lab, UTEC, Safar Partners and 5 others
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Taiwan startup FunNow gets $5M Series A to help locals in Asian cities find last-minute things to doTechCrunch+•Aug 13, 2018•FunNow, CDIB Capital, Alibaba Entrepreneurs Fund, Accuvest and 2 others
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Kdan Mobile Secures $5 Million in Series A Financing as Part of Global Expansion and Development PlanPR Newswire•Apr 16, 2018•Kdan Mobile, WI Harper Group, Darwin Venture Management, Accord Ventures and 1 other
