Fosun RZ Capital
Fosun RZ Capital is a venture capital investment fund and affiliate of the Fosun Group. Based in Beijing, China, it was founded in 2013 and primarily invests in high-tech innovation and consumer services. Wilson Jin Hualong is the chairman. The company invests in all the stages of a company’s development from early start-up to IPO. The firm has over 60 portfolio companies in China, and about 10 in the US, with about $1.2 billion in assets under management, with investments in India, Israel, China, Southeast Asia and the United States.
Selected investments
Fosun RZ was an early investor in Casstime Technologies, a platform for buying and selling auto aftermarket products. At the end of August 2018 Fosun RZ participated in Series B3 round of Casstime financing which raised a total of USD 36 million. Fosun RZ also participated earlier in a Series B round of financing. In June 2020 the company closed a USD 50 million Series C2 round.
In October 2019, DeepRoute, an international autonomous driving technology startup, raised USD 50 million in pre-Series A funding, which was led by Fosun RZ.
At the end of December 2019 Fosun RZ invested in B+ round of financing in Molecular Data, a chemical industry technology-driven platform in China. On July 23, 2020 Fosun RZ Capital announced the close of its inaugural science-technology innovation fund for $186 million (1.3 billion yuan.) The fund is Fosun RZ’s first independent funding attempt as a CVC (corporate venture capital) arm.
Philanthropy
The company partnered with Alpine Capital to donate 20,000 Covid-19 test kits to India in April 2020. Fosun RZ had donated 5,000 medical masks previously to local schools and hospitals.
Selected investments
Fosun RZ was an early investor in Casstime Technologies, a platform for buying and selling auto aftermarket products. At the end of August 2018 Fosun RZ participated in Series B3 round of Casstime financing which raised a total of USD 36 million. Fosun RZ also participated earlier in a Series B round of financing. In June 2020 the company closed a USD 50 million Series C2 round.
In October 2019, DeepRoute, an international autonomous driving technology startup, raised USD 50 million in pre-Series A funding, which was led by Fosun RZ.
At the end of December 2019 Fosun RZ invested in B+ round of financing in Molecular Data, a chemical industry technology-driven platform in China. On July 23, 2020 Fosun RZ Capital announced the close of its inaugural science-technology innovation fund for $186 million (1.3 billion yuan.) The fund is Fosun RZ’s first independent funding attempt as a CVC (corporate venture capital) arm.
Philanthropy
The company partnered with Alpine Capital to donate 20,000 Covid-19 test kits to India in April 2020. Fosun RZ had donated 5,000 medical masks previously to local schools and hospitals.
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