IDG Ventures

IDG Ventures

IDG Ventures is a global network of venture capital funds based in San Francisco. It was founded by the international Data Group in 1996.

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.

History

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.

Investments

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

Company
Description
Website
Industry
Location

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

Playdek is a Carlsbad, California-based company.

Simply Hired is a recruitment company.

Empower Interactive is a healthcare company founded by Eve Phillips, Kara Chanasyk and Jesse Wright.

Mobsmith is an advertising company founded by Saket Saurabh.

A biopharmaceutical company developing therapies for cancer, rheumatoid arthritis, diabetes and metabolic disorders

I2we is a social media company.

Sourcebits is a San Francisco-based company founded by Rohit Singal.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
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People

Name
Role
LinkedIn

David Aronoff

General Partner

Tom Patterson

Advisor

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

How To Start A Startup 2.0 | Session 6 - 'Venture Capital 101', Sanat Rao, IDG Ventures India

IDG Ventures' Startup Bets | Startup Central

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

Company
CEO
Location
Products/Services

References

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