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Abacus Ventures operates as a Hong Kong-based venture capital firm, specializing in early-stage investments across transformative technology sectors. The firm primarily allocates capital to fintech, robotics, and artificial intelligence companies, providing strategic guidance and resources to its portfolio. Its core approach involves identifying innovative enterprises with disruptive potential and fostering their growth through active engagement.
The firm was established in 2018 by co-founders Steve Embling and Ronald Yung. Their combined experience in investment and venture capital informed the insight that successful early-stage ventures require not only financial backing but also strong, enduring partnerships. This philosophy underpins Abacus Ventures' operational model, aiming to build robust relationships with the entrepreneurial teams it supports.
Abacus Ventures targets founders of promising technology startups, partnering with them to translate their visions into market-ready solutions and sustainable businesses. The firm's long-term vision centers on cultivating an ecosystem of exceptional technology companies that achieve significant impact through strategic investment and dedicated support.
Abacus Ventures has 1 tracked investment across 1 company. The latest tracked deal is $40.0M Series A in Reap in October 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2022 | Reap | $40.0M Series A | Acorn Pacific Ventures, Arcadia Funds, HashKey Capital | Mark Cuban, RAY Cheng, Fresco Capital, Hustle Fund, Kenneth LAI |