LongRiver Investments, a pioneering venture capital firm, is thrilled to announce the successful final closure of its inaugural fund, raising an impressive $385 million, making it one of the largest new VC funds in recent years.
Founded in 2022, LongRiver has quickly become a prominent player in the VC space, thanks to its seasoned core team with nearly a decade of collaborative experience. The fund focuses on early-stage investments in therapeutics, medical devices, new materials, and advanced manufacturing, aiming to catalyze growth and deliver substantial value to both portfolio companies and investors.
Strategic Vision and Market Impact
To date, LongRiver has evaluated nearly 2,000 projects and completed 14 investments. Its portfolio includes cutting-edge biotech innovations, interdisciplinary medical technologies, and material science advancements in pharmaceuticals and consumer healthcare. In the technology sector, LongRiver prioritizes intelligent manufacturing, new energy materials, electric vehicles and smart mobility solutions.
Nearly half of these companies have secured subsequent or multiple rounds of financing, with some achieving up to tenfold value growth and making significant progress in clinical trials, global pipeline expansion, or sales growth.
Investor Support
The fund has successfully attracted a diverse group of well-known institutional investors, including global insurance companies and top asset management firms. Notably, more than half of the investment came from insurance companies, highlighting LongRiver's strong reputation in managing insurance assets.
This confidence stems from LongRiver's previous experience managing Ping An Ventures, a significant VC platform for Ping An Insurance, where the team excelled as "Class A" insurance fund managers. This substantial backing reflects the market's trust in LongRiver's expertise and leadership, particularly in volatile markets. Emerging managers like LongRiver, with highly seasoned professionals, are laser-focused on achieving high returns to build robust track records, aligning closely with LPs' interests.
Quotes from Leadership
"We are incredibly proud to announce the closing of our first venture capital fund,” said Jiang Zhang, Founder and CEO of LongRiver Investments. “This milestone is a testament to the confidence our investors have in our vision and strategy. We deeply value the trust our LPs have placed in us. Their support is instrumental as we partner with innovative entrepreneurs at the forefront of technological advancements worldwide."
Future Prospects
With the closing of this fund, the firm is well-positioned to identify and support pioneering startups poised for rapid scalability and substantial industry impact. Beyond its established base in Greater China, LongRiver maintains a proactive interest in international opportunities.
Drawing on a noteworthy pre-fund track record marked by impressive DPIs, including successes with eToro, Payoneer, and Ironsource, the LongRiver team is leveraging this experience to actively pursue investment prospects across North America, Europe, and pan-Asia covering sectors such as frontier technologies and new materials.
About LongRiver Investments
LongRiver Investments is a forward-thinking venture capital firm dedicated to empowering entrepreneurs and driving technological and industrial advancements. With a robust investment strategy and a commitment to excellence, LongRiver Investments aims to deliver superior returns to its investors while making a positive impact on the global market. For more information about LongRiver Investments, please visit https://www.lr-investments.com/.
For more information, please contact:
Investor Relations: Maxine Zhou, maxine.zhou@lr-investments.com
Media: Claire Zhang, claire.zhang@lr-investments.com
