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AEF Greater Bay Area Fund operates as a venture capital vehicle, deploying capital into innovative startups across the Greater Bay Area. It empowers businesses through financial backing, strategic guidance, and leveraging Alibaba’s ecosystem. This approach accelerates growth and facilitates market expansion for portfolio companies globally.
The fund’s inception traces to the Alibaba Hong Kong Entrepreneurs Fund, a not-for-profit initiative established by Alibaba Group in 2015. This broader endeavor stemmed from empowering Hong Kong-based entrepreneurs and youth to foster their business ambitions. Alibaba Group sought to cultivate an entrepreneurial spirit through a sustainable investment model.
AEF Greater Bay Area Fund primarily supports innovative startups seeking capital and strategic partnerships to scale operations. Its mission, aligned with the Alibaba Hong Kong Entrepreneurs Fund, focuses on nurturing entrepreneurship and developing Hong Kong’s startup ecosystem. The fund ultimately envisions transforming the region into a leading global innovation and technology hub.
AEF Greater Bay Area Fund has 2 tracked investments across 2 companies. The latest tracked deal is $15.0M Pre-Series B in Great Bay Bio in September 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 15, 2022 | Great Bay Bio | $15.0M Pre-Series B | Tiger Jade Capital | Vectr Ventures |
| Jul 1, 2020 | Harbour Biomed | $100.0M Series C | JO WEN LIN | OrbiMed, Country Garden Venture Capital, Gtja Investment Group, Octagon Capital, Sage Partners |
