About Mandra Capital
Mandra Capital is a venture capital firm founded in 2001. It is primarily based out of Hong Kong, China. As of Nov 2022, Mandra Capital has invested in 33 companies. It primarily invests in Series B round in China based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Seed round of Pinktada Overall, Mandra Capital portfolio has seen 1 unicorn, 4 IPOs and 2 acquisitions including key companies like PINTEC, Origin and Aurora. A lot of funds co-invest with Mandra Capital, with names like STI Financial Group sharing a substantial percentage of its portfolio. Mandra Capital has team of 6 people.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Unicorns
Portfolio Soonicorns
Mandra Capital's List of Top Investments
Mandra Capital has a portfolio of 33 companies, one of which is a Unicorn. Their most notable investments are in Nex and Click Wifi.Their portfolio spans across China, United States, Egypt and 2 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 19 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Mandra Capital:
1. PINTEC
PINTEC provides retail financial solutions for financial institutions. Offers a credit decisioning solution; asset allocation solutions; an online mutual fund distribution solution. Also offers insurance services to individual clients and real-time consumer information to insurance companies.
Key facts about PINTEC
- Founded Year: 2013
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $113M
- Employee Count: 201 - 500 as on Jul 01, 2024
- Investors: Shunwei Capital, Zhong Capital and 4 Others
- Latest Funding Round: Post IPO, Mar 16, 2023, $*****
- Highlight: Public
2. Nex
Provider of game-based fitness training solutions for the consumers. The company offers an app for users to receive home-based fitness training. Users can enjoy a variety of motion-based games while staying in shape.
Key facts about Nex
- Founded Year: 2017
- Location: San Jose (United States)
- Stage: Series B
- Total Funding till date: $40M
- Employee Count: 18 as on Dec 31, 2021
- Investors: Blue Pool Capital, HBSE Ventures and 17 Others
- Latest Funding Round: Series B, Sep 21, 2021, $*****
- Highlight: Editors' Pick
3. Chronicled
Chronicled is an AI & blockchain-based supply chain solutions provider. Provides a bulletproof system of authenticity for limited edition collectible sneakers and luxury goods. The company is tackling the problem of counterfeit luxury and consumer products, which now eclipses 2 percentage of global GDP. The company's platform, which is built on NFC and blockchain technology, provides an open, decentralized, and permanent public record of consumer product authenticity and ownership that is accessible from the company's mobile consumer App. Chronicled plans to move its registries on blockchain-hosted systems in the next 12-36 months, i.e. by 2019. Also, provide temperature tracking Temptracker, and CryptoSeal for cryptographic identity, sealing, and provenance solutions for products and packaging.
Key facts about Chronicled
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $29.6M
- Employee Count: 13 as on Dec 31, 2024
- Investors: Newtownpartners, Shapiro Investments and 19 Others
- Latest Funding Round: Series A, Feb 17, 2022, $*****
- Highlight: Editors' Pick
4. Origin
Origin is an additive manufacturing platform for mass production for manufacturing customers. Its product offerings include highly resilient elastomers, heat-resistant polymers, biocompatible formulations, and other high-performance materials. Its production system uses programmable photopolymerization (P3) to turn materials into isotropic parts & products.
Key facts about Origin
- Founded Year: 2015
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $12.3M
- Employee Count: 31 as on Dec 31, 2022
- Investors: Floodgate, Hone Capital and 11 Others
- Latest Funding Round: Series A, Jul 30, 2020, $*****
- Highlight: Acquired
5. OKCoin
App-based exchange platform for cryptocurrency. It allows users to buy, sell, and trade with multiple cryptocurrencies. It features a crypto trading platform that also facilitates future and margin trading. It can be accessed via a multi-channel platform including a web platform, mobile app, and APIs. The app is available for Android and iOS platforms.
Key facts about OKCoin
- Founded Year: 2013
- Location: Beijing (China)
- Stage: Series A
- Total Funding till date: $10M
- Employee Count: 457 as on Jul 01, 2024
- Investors: blogtuntun.xyz, Dragon Gateway and 3 Others
- Latest Funding Round: Series A, Mar 16, 2014, $*****
- Highlight: Editors' Pick
Mandra Capital's Year-on-Year Investment Trends
Mandra Capital has invested in 33 companies over the last 16 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Pinktada and most recent follow-on round was in Ekuaibao.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 | 2 | 0 | 2 |
2021 | 0 | 1 | 1 |
2020 | 0 | 0 | 0 |
2019 | 3 | 2 | 5 |
2018 | 6 | 1 | 7 |
Mandra Capital's Investments by Stage
Mandra Capital has made 8 investments in Seed stage with an average round size of $3.61M, 6 investments in Series A stage with an average round size of $8.5M, 6 investments in Series B stage with an average round size of $13.6M and 2 investments in Series C stage with an average round size of $93.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 8 |
Series A | 6 |
Series B | 6 |
Series C | 2 |
Note: We have considered here, only first round of investments
Mandra Capital's Investments by Sector
Mandra Capital has a diverse portfolio, with companies operating in the Consumer, FinTech, Enterprise Applications, Blockchain - Industry Applications and Business Services. Notably, it has invested in 21 Tech companies, 18 Enterprise (B2B) companies, 13 Consumer (B2C) companies and at least 11 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 8 |
FinTech | 6 |
Enterprise Applications | 5 |
Blockchain - Industry Applications | 4 |
Business Services | 4 |
Others | 24 |
Note: We have considered here, only first round of investments
Mandra Capital's Investments by Geography
Mandra Capital has made most investments in China (14), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
China | 14 |
United States | 7 |
Japan | 1 |
Note: We have considered here, only first round of investments
Mandra Capital's recent investments
Mandra Capital has not made any investment in 2026 so far.Here are the most recent investments by Mandra Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 17, 2022 | United States | Seed | 8558 | ||
Sep 13, 2022 | China | Seed | 9796 | ||
Aug 23, 2021 | China | Series D | 8558 | [+3] | |
Jun 24, 2019 | China | Series B | 9550 | ||
Mar 2019 | China | Series B | 2093 |
Unicorns in Mandra Capital's Portfolio
Mandra Capital has 1 unicorn in its portfolio - Jimubox. The most recent unicorn in their portfolio is Jimubox which became a unicorn in 2015.Here is a list of unicorns in Mandra Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
50 | US equities market investment trading platform and fintech product marketplace | 2013 | Beijing | Series C | zqgwfjg |
IPOs and Publicly Listed companies in Mandra Capital's Portfolio
4 of Mandra Capital's portfolio companies have become public. PINTEC got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2018 at marketcap of $44.3M and Aurora got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $651M.Here are Mandra Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 25, 2018 | Jun 05, 2018 | Series C | 1464 | |
Jul 26, 2018 | 2015 | Series B | 4538 | |
Jul 15, 2011 | - | - | 5186 | |
Nov 13, 2007 | - | - | 7293 |
Acquired companies in Mandra Capital's Portfolio
2 companies from Mandra Capital's portfolio have been acquired. The most recent acquisition was Origin in Dec 2020 by Stratasys for $*****.Here are Mandra Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 09, 2020 | Nov 08, 2018 | Series A | 6645 | |
May 15, 2015 | Dec 2010 | Series B | 9992 |
Team profile of Mandra Capital
Mandra Capital has a team of 6 members including 1 Venture Partner and 2 Principals located in China. Mandra Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Mandra Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Venture Partner | Beijing | - | - | |
Principal | Hong Kong | - | - | |
Principal | Kowloon | - |
Co-investors of Mandra Capital
Over the past 16 years, 126 investors have co-invested in Mandra Capital's portfolio companies. This includes funds and angels.
- Invested before Mandra Capital: DCM Ventures, Ventech China and 18 others have invested in rounds before Mandra Capital. There are 3 companies where DCM Ventures has invested before Mandra Capital and 2 companies where Ventech China has invested before Mandra Capital.
- Top Co-investors of Mandra Capital: 60 investors entered a company along with Mandra Capital. These include investors like STI Financial Group (2 companies).
- Invested after Mandra Capital: A total of 46 investors have invested in Mandra Capital's portfolio after their investments. Top Investors include NBA (2 companies), Sequoia Capital (2 companies) and Alibaba Entrepreneurs Fund (1 company).
Recent News related to Mandra Capital
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TGV-backed blockchain travel startup secures $350k in additional fundingTech in Asia•Nov 17, 2022•Pinktada, Mandra Capital
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Pinktada Raises USD1.34M in FundingFinSMEs•Nov 17, 2022•Pinktada, Mandra Capital, TGV, New York Angels
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SoftBank leads $154m Series D for China's EkuaibaoAsian Venture Capital Journal•Aug 25, 2021•Ekuaibao, SoftBank Vision Fund, Tiger Global Management, Sequoia Capital and 2 others
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Hesi·Easy Express" received 1 billion yuan in Series D financing, led by the SoftBank Vision 2 FundPencilNews•Aug 23, 2021•SoftBank Vision Fund, Future Capital, Mandra Capital, Tiger Global Management and 4 others
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Skymind raises $11.5M to bring deep learning to more enterprisesTechCrunch+•Mar 20, 2019•Skymind, TransLink Capital, ServiceNow, Presidio Ventures and 9 others
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GPs commit $15m Series B to China's EkuaibaoAsian Venture Capital Journal•Jan 22, 2019•Ekuaibao, Mandra Capital, DCM Ventures, Future Capital
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Chronicled Raises $16 Million Series A to Expand Industry Blockchain Networks and Engineering TeamPR Newswire•Jan 15, 2019•Chronicled, Mandra Capital, Streamlined Ventures, The Perkins Fund and 2 others
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极光推送获千万美金B轮融资 用户数已超16亿 - 投资风向 - 创业邦Kai Cheng Capital•Jul 29, 2018•JPush, Mandra Capital, Fosun, IDG Capital
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An app that uses AI to help you improve your basketball shot just raised $4 millionTechCrunch+•Jul 17, 2018•HomeCourt, Charmides Capital, Mandra Capital, Sam Hinkie and 4 others
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PINTEC Raises $103 Million, Announces Strategic Partnership With Sina to Jointly Tap Fintech OpportunitiesPR Newswire•Jun 04, 2018•PINTEC, Sina, Mandra Capital, STI Financial Group and 2 others
