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§ Venture Capital · San Francisco, CA, USA
Youku Global Media Fund functions as a corporate venture capital vehicle, investing in companies developing frontier technologies. It focuses on innovations across media, virtual and augmented reality, artificial intelligence, robotics, drones, and autonomous vehicles. The fund strategically deploys capital to cultivate advancements for digital entertainment and content ecosystems.
Founded as a joint venture between Youku, a leading Chinese online video platform, and CRCM Ventures, the fund emerged from the insight that future media and content creation are deeply intertwined with advanced technological infrastructure. This collaboration seeks to proactively identify and support next-generation tech businesses shaping global media.
The fund primarily serves innovative startups and technology companies within its focus areas, offering strategic investment and support. Its vision centers on fostering a robust ecosystem of cutting-edge technologies to enhance Youku's core business and diversify its technological footprint. It aims to be a catalyst for innovation, advancing digital media and entertainment.
Youku Global Media Fund has 3 tracked investments across 2 companies. The latest tracked deal is $6.5M Seed in Spaces in January 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 13, 2017 | Spaces | $6.5M Seed | Ethan Wang | KAI Huang, Boost VC, Colopl, Michael Yang, CRCM Ventures, Gree, The Venture Reality Fund |
| Nov 17, 2016 | Tactical Haptics | $2.2M Grant / Seed | SV Tech Ventures, Youku Global Media Fund | National Science Foundation, Sand Hill Angels, SIG China, Stanford |
| May 1, 2016 | Spaces | $3.0M Seed | Comcast Ventures | ZAC Zeitlin, Boost VC, Canyon Creek Capital, Colopl, Gree, KAI Huang, Sinovation Ventures, The Venture Reality Fund |