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Venture Capital

Cathay Innovation

Cathay Innovation backs early-stage and high-growth companies, typically pre-profit, from Paris, France. It states a focus on software & internet, healthcare & life sciences, financial services and consumer & retail.

Disclosed holdings12
Earliest stated investment
HeadquartersParis, France
Stated fund size€2.5B AUM

Stated investment criteria

What Cathay Innovation says it buys

Read from Cathay Innovation’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

OfficesParis2
People listed on its team page501

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Cathay Innovation to consider any particular business, and nothing on this page is represented as being for sale.

Portfolio

Disclosed holdings

Companies Cathay Innovation lists on its own website. No investment years are published. 1 has a recorded transaction against it in the deal archive.

CompanyInvestedYears heldRecorded transaction
AMI Labs
Bioptimus
Chime$576m 2015
Galaxea
Glovo
Ledger
Momenta
Moonshot AI
Nabla
Palmpay
Pinduoduo
Wallbox

Compiled from Cathay Innovation’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.