IDG Ventures is an early stage venture capital firm that invests in financial services companies. Its network is comprised of five independent partnerships managing funds in Asia and North America, including International Data Group. IDG Ventures offers services intended to help companies understand their markets better and beat their competitors in penetrating them. To achieve this, they offer market research, global publishing and exhibition resources.
International Data group created their first fund in 1996 in San Francisco. In 2000, they expanded and started a fund in Europe. However, as of January 2019, this fund is closed. The latest fund formed in San Francisco began to accept other institutional investors other than IDG in 2007. As of 2013, IDG had funds in China, India, Korea, the United States, and Vietnam. China Oceanwide Holdings group and IDG Capital partnered in January 2017 and acquired International Data Group and all its subsidiaries. IDG Capital is now the controlling shareholder of IDG Ventures.
IDG Ventures invest in seed, early stage, and late stage funding rounds. The company has made over 100 investments. On Nov 25, 2018, they invested $50M in Topica Editech Group. IDG Ventures has raised $300M across two funds. They raised a total of $120M on Aug 31, 2015, from IDG Ventures India Fund III LLC. IDG Ventures has had 26 exits. Its most notables exits are Aasaanjobs, ezbuy, and Shazam Entertainment.
Timeline
Funded Companies
Ripple is a global currency exchange and remittance network that aims to lower the cost and improve the speed of international bank transfers relative to legacy financial infrastructure.
A women's bra and underwear company. It was founded in 2013 and is located in San Francisco, California.
Uxpin is a startup from Poland that make UI software tools.
Online marketplace for graphic design and art
EverString delivers AI-enabled solutions for marketing professionals.
Yesware developed a software toolkit for sales teams.
Fastly is a San Francisco-based cloud computing company providing an edge cloud platform for users.
Prism Skylabs is a San Francisco-based company.
WildTangent is a Bellevue, Washington-based company.
Company
Playdek is a Carlsbad, California-based company founded in 2009.
Simply Hired is a company founded in 2003.
Benewake is a company that provides solid-state LIDAR sensors and solutions.
Vivox is a Natick, Massachusetts-based company founded in 2005 by Jeff Pulver, Rob Seaver and Jim Toga.
Company
Hangzhou Vango Technologies, Inc. is a high-tech company in China.
Empower Interactive is a healthcare company founded by Eve Phillips, Kara Chanasyk and Jesse Wright.
American video game developer and publisher
LimeBike is a San Francisco-based company.
Solarflare Communications is a company founded by David Riddoch.
Associated investment funds
People
David Aronoff
General Partner
Tom Patterson
Advisor
Further reading
Documentaries, videos and podcasts
How To Start A Startup 2.0 | Session 6 - 'Venture Capital 101', Sanat Rao, IDG Ventures India
IDG Ventures' TCM Sundaram on the future of fintech, VC funding and more
Ripple CEO Chris Larsen Greets IDG Ventures' 2013 Internet Financial Innovation Summit
Companies
References
Company attributes
Venture Capital Firm attributes
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