Fortune Capital is a financial firm specializing in property transactions and investing.
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IPO status
Private
Description
Fortune Capital, based in Coral Gables, is a North American venture capital firm that invests in startups aged 6-10 years, with a focus on Enterprise and Robotics. While the fund's establishment is in the United States, it has made numerous investments in China. Notable portfolio startups include Aijia Life, Redcore Times, and CanSinoBIO. The fund typically engages in 2-6 deals per year, with a preference for rounds involving 2-3 participants. In terms of investment size, the fund typically commits between $10 million and $50 million. Fortune Capital has a higher rate of exits compared to other organizations, with an increased number of exits in 2019. Key sponsors for the fund include IDG Capital, ZhenFund, and Youget Capital, while Qiming Venture Partners, Gopher Asset Management, and Fosun RZ Capital are often involved in the same investment rounds.