US investment firm Translink Capital to raise China Mobility Fund

Photo: REUTERS/Jason Lee

Translink Capital, a venture capital firm that helps entrepreneurs develop customer connections and partnerships in Asia, is raising a new VC fund that will likely be China-focused.

In a filing with the US SEC, Translink Capital said it will raise funds for the China Mobility Fund, although it did not disclose how much it targets to raise.

DEALSTREETASIA has contacted Translink Capital about its latest fund and will update this report once the firm responds.

Translink Capital specializes in investments in seed, startups, and early and expansion stage companies. It prefers to invest in the IT, mobile, social and cloud applications, infrastructure and services, fintech, communications, and digital media sectors.

“Our engagement with portfolio companies goes far beyond our capital investment. We work directly with our portfolio companies to provide the crucial links necessary to establish meaningful Asian business relationships,” the firm says on its website.

Translink Capital has more than 50 companies in its portfolio and has made 17 exits so far. Since 2007, the firm raised four funds, with the latest fund, Translink Capital Partners IV, raising $107.5 million in January 2018.

The filing named Jackie Yang, the Silicon Valley-based co-founder and managing director of Translink Capital, as the manager of China Mobility Fund.

Before co-founding TransLink, Yang was the Senior Vice President at UMC Capital and was responsible for UMC’s investment activities in the United States and China. During his tenure at UMC Capital, he was the founding investor in Maxlinear, Montage Technology Group, and Parade Technologies.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.