HK-based Q Venture Partners raising VC fund

Hong Kong
Victoria Peak, Hong Kong. Photo by Florian Wehde on Unsplash

Hong Kong-based Q Venture Partners – an early-stage investor in hardware and enabling technologies space – is looking to raise a venture capital fund, according to its filing with the SEC on Monday.

The firm has not disclosed the target corpus of the vehicle it is raising.

Q Venture Partners was founded in 2016 by Larry Tsai and Henry Tan, who was the managing director of Brio Ventures, a family office that invested in early-stage Chinese startups either directly or as an LP in angel funds.

The fund is set up to invest in pre-seed through series B, mostly before the product is ready for mass manufacturing. The sectors that it focuses on include global IoT and enabling technologies. The firm operates out of its offices in the US and Hong Kong. According to its website, it helps its portfolio startups to explore Asian markets including China. It looks at areas such as consumer, home and vehicle, healthtech, industry 4.0 and enabling technologies.

According to its website, it has invested in 14 companies including California-based thermoelectric products developer Matrix Industries, Silicon Valley-based technology developer Arevo, Los Angeles-based rechargeable battery maker Millibatt and Sanfrancisco-based medical solutions provider Catalia Health.

CrunchBase data notes that Q Venture Partners has made 19 investments. Its most recent investment was a $2.7-million funding in Preteckt, a US-based machine learning startup.

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