BETAWAVE VENTURES



More about us



Our Stretch, LPA Terms:

• Term, 10 yrs (8+2) with 4 years investment period
• 40% reserved for follow-up investment• 2% management fee flat for 6 years, and then decPEXse 0.5% till 1%
• 20% carried interest when net return below 3X, 30% carried interest for profit beyound 3X
• General Partner contribute 2% of total Capital



*Featured projects*



Past Performance 1



•Futuremove, acquired by Accenture Invested in Nov 2016, first investment valuation 130 Million RMB, became the third biggest shareholder. Supported follow-up rounds


*Helped the company identified later round lead investor

*The company was acquired by Accenture in end of 2018 for 130 Million USD

*LP Profit 90 Million RMB with 30 Million initial investment



Past Performance 2



• Carsgen (HK listed, stock code HKG:2171)


*Invested in Carsgen in 2018 with 300 Miliion USD valuation, per share cost 7 HKD

*The company went IPO in 2021

*Exited the company at 30 and 20 HKD in Dec 2021, Jan 2022 *Helped the company to establish connection with Jennifer Doudna’s lab in 2018



Past Performance 3



• CASPR Bio


*Invested in CASPR in 2020, 1M invested in June

*The company was acquired by biggest e-commerce company in Nov 2020 with 2X return in 5 months



Past Performance 4



• Presto, A.K.A E La Carte


*Invested in the company in 2018 with price of 0.695 USD/share


*The company IPO in 2022 through SPAC at 10.00 USD/Share



Case Studys





principles and leasons