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IMO Ventures is a privately held venture capital and seed investing company across China and the US.
Key people at IMO Ventures.
IMO Ventures operates as an early-stage venture capital firm, primarily focused on seed and Series A investments within the technology sector. The firm specializes in identifying and nurturing innovative companies across key areas including software, artificial intelligence, mobile, SaaS, consumer technology, and fintech. Its core strategy involves a distinctive cross-border approach, providing capital and support to startups operating within or looking to expand between the United States and China.
The firm was established in 2016 by co-founders Hai Liu and Thomas Yao. They recognized a growing opportunity in supporting nascent technology ventures with global ambitions, particularly those needing guidance to navigate the distinct entrepreneurial ecosystems of both the US and China. Their founding insight centered on providing foundational investment and strategic assistance to entrepreneurs poised to build significant, impactful companies.
IMO Ventures partners with founders building new enterprises in their target sectors, offering more than just capital to their portfolio companies. The firm’s vision extends to fostering the development of game-changing technological solutions, aiming to cultivate a portfolio of companies that leverage innovation from both Eastern and Western markets to achieve sustained growth and market relevance.
IMO Ventures is a seed-stage and early-stage venture capital firm pioneering investment across China and the United States[1][2]. The firm operates with a mission to provide seed investment, strategic guidance, and support to entrepreneurs building transformative technology companies[4]. IMO Ventures focuses on identifying and nurturing founders at the earliest stages of company formation, when capital and mentorship are most critical to success.
The firm's investment philosophy centers on backing technology-driven startups with global ambitions, particularly those addressing large market opportunities through innovation[2]. Rather than concentrating on a single vertical, IMO Ventures maintains a diversified portfolio spanning artificial intelligence and machine learning, blockchain and cryptocurrency, virtual reality and metaverse technologies, fintech, e-commerce, agtech, and financial services[1][2]. This sector-agnostic approach reflects a belief that transformative technologies often emerge from unexpected intersections and that founders with strong execution capabilities matter more than industry category alone.
IMO Ventures was founded in 2016[3], establishing itself during a pivotal moment in venture capital when seed-stage investing was becoming increasingly professionalized and when the China-U.S. technology corridor was beginning to reshape global innovation patterns. The firm is headquartered in San Mateo, California[3][4], positioning it at the heart of Silicon Valley while maintaining deep operational connections to China's startup ecosystem.
The firm emerged as part of a broader wave of venture capitalists recognizing that the most valuable companies often required support at their inception rather than after they had already achieved significant traction. By focusing on seed rounds and early-stage investments, IMO Ventures positioned itself to capture outsized returns from companies in their formative years while building long-term relationships with founders from day one. The founding team brought together operators and investors with experience across both the U.S. and Chinese markets, understanding that the best opportunities often required cross-border perspective and execution capability.
IMO Ventures' primary differentiator is its deep operational presence across both China and the United States[1][2]. While many venture firms claim international reach, few possess the ground-level expertise and founder networks to effectively deploy capital across both ecosystems. The firm's ability to identify promising Chinese startups for U.S. expansion and vice versa creates unique deal flow advantages. This geographic flexibility also allows the firm to help portfolio companies access talent, capital, and markets in both regions simultaneously.
The firm explicitly positions itself as "a family of founders investing in early stage technology-driven companies"[2], suggesting that its investment team includes successful entrepreneurs who can provide operational guidance beyond capital deployment. This founder-to-founder mentorship model differentiates IMO Ventures from more traditional venture firms staffed primarily by career investors. Early-stage companies benefit not just from funding but from advisors who have navigated the specific challenges of scaling technology businesses.
Rather than chasing narrow trends, IMO Ventures maintains conviction across multiple high-impact sectors including AI, blockchain, VR, and fintech[1][2]. This diversification reduces concentration risk while allowing the firm to identify cross-sector opportunities and synergies. The portfolio includes notable exits and unicorn-track companies, with the fund having backed at least one unicorn and one decacorn[3], demonstrating that this broad approach has generated outsized returns.
IMO Ventures typically invests in rounds with 4-5 co-investors[3], suggesting strong relationships with complementary venture firms and institutional investors. The firm frequently co-invests alongside Sequoia Capital China, Linear Venture, Social Capital, and other tier-one investors[3], indicating that lead investors view IMO Ventures as a credible partner. This syndication capability means portfolio companies gain access to broader networks and follow-on funding pathways.
IMO Ventures operates at the intersection of several transformative trends reshaping global technology investment. The firm's emphasis on seed-stage investing reflects the maturation of venture capital markets, where early-stage capital has become increasingly professionalized and systematized. Rather than relying on luck or serendipity, firms like IMO Ventures have built repeatable processes for identifying and supporting founders at the moment of company formation.
The firm's dual focus on China and the U.S. positions it to capture value from the ongoing bifurcation and reintegration of global technology markets. While geopolitical tensions have created friction between the two ecosystems, the reality remains that many of the world's most valuable companies require access to talent, capital, and markets in both regions. IMO Ventures' ability to navigate this complexity gives it influence over which startups successfully scale globally and which remain regionally constrained.
The sectors IMO Ventures emphasizes—artificial intelligence, blockchain, and virtual reality—represent some of the most capital-intensive and talent-competitive areas of technology investment. By backing founders in these spaces at the seed stage, IMO Ventures influences which teams and visions shape these emerging industries. The firm's portfolio includes companies like Lime (last-mile transportation), Cobo (blockchain infrastructure), and Conflux Foundation (blockchain protocol)[3], demonstrating influence across infrastructure, consumer, and protocol layers of emerging technology stacks.
IMO Ventures has positioned itself as a consequential player in seed-stage venture capital at a moment when early-stage investing is becoming increasingly important to venture returns. As mega-funds have grown larger and later-stage rounds have inflated in size, the relative scarcity of quality seed capital has increased, creating structural advantages for firms like IMO Ventures that maintain conviction in early-stage investing.
Looking forward, several trends will likely shape IMO Ventures' trajectory. The continued maturation of artificial intelligence will create new opportunities for infrastructure and application-layer startups, playing directly to the firm's sector focus. The evolution of blockchain from speculative asset to productive infrastructure will determine whether the firm's crypto-focused investments generate returns or face headwinds. Most critically, the trajectory of U.S.-China relations will fundamentally influence whether the firm's dual-market model remains a competitive advantage or becomes increasingly constrained by regulatory friction.
The firm's influence on the broader startup ecosystem will likely grow as its portfolio companies mature and achieve scale. Founders backed by IMO Ventures at the seed stage often become the next generation of operators and investors, creating a compounding network effect. As the venture capital industry continues to professionalize and systematize early-stage investing, firms that have built repeatable processes and strong founder networks—like IMO Ventures—will likely capture disproportionate value from the next decade of technology innovation.
Key people at IMO Ventures.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 7, 2023 | Hopewell Therapeutics | $25.0M Seed | — | 5Y Capital, BOPU Capital, Mass Ave Capital, WS Investments |
| Jun 21, 2022 | Outland | $5.0M Seed | — | Dragon Roark, JDAC, OKX Ventures |
| Jun 10, 2022 | PPIO | $37.4M Series A | China Creation Ventures, IMO Ventures, Panlin Capital, Shanghai Zhangjiang Technology Venture Investment | Jui Tan |
| Nov 16, 2021 | AI Rudder | $10.0M Series A | Hongshan Capital Group (Sequoia Capital China), Peak XV Partners (Sequoia Capital India) | Huashan Capital, ZhenFund |
| Sep 22, 2021 | Cobo | $40.0M Series B | Jasmine Zhang, DST Global, IMO Ventures | — |
| Aug 24, 2021 | Houmo.AI | $46.3M Pre-Series A | Alex Zhou | Hongshan Capital Group (Sequoia Capital China), Hony Capital, Huadong Wang, MSA Capital |
| Mar 1, 2021 | Baraka | $1.0M Seed | Class 5 Global | 2045 ventures, Altalurra Ventures, Backstage Capital, Chingona Ventures, Jenny Fielding, Scott Hartley, Gaingels, Ganas Ventures, M13, OVO Fund, Supply Change Capital, The Community Fund, Ulu Ventures, Valar Ventures, Vamos Ventures, Vitalize Venture Group, Abdulla Elyas, FJ Labs, The Community Fund, VentureSouq |
| Jun 1, 2020 | La Haus | $10.0M Series A | Kaszek Ventures | 75 & Sunny, Andreessen Horowitz, Jamison Hill, Broadhaven Capital Partners, CapitalG, Citi Ventures, Expa, Greylock, IGNIA Partners, Incisive Ventures, Latitud, NEO, Next Play Ventures, NFX, Norte Ventures, Point72 Ventures, Polychain Capital, Ribbit Capital, Y Combinator, Adrian Aoun, Alexander Sacerdote, Andre Iguodala, Charlie Songhurst, David de Picciotto, Drew Houston, Farzad Nazem, Gabriel Naouri, Harsh Sinha, Henry Kravis, Jeff Bezos, Jeffrey Wilke, Marc Benioff, Matt Mickiewicz, Nicolas Berggruen, Noosheen Hashemi, Peter Kazanjy, Shane Neman, Tom Chapman, Brian Requarth, David Vélez, Hadi Partovi, Nori Gerardo Lietz, Pete Flint, Spencer Rascoff, Acrew Capital, Beresford Ventures, Pete Flint |
| Sep 12, 2018 | Lendela | $940K Seed | Cocoon Capital, IMO Ventures | — |