Type Seed Stage Investments Website www.teec-angel.com | Industry Venture capital Founded 16 July 2010 | |
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Headquarters Los Altos, California, United States | ||
Tsinghua Entrepreneurs & Executive Club Angel Fund (TAF) is a Silicon Valley (SV) based super angel fund with extensive roots in technology – spanning clean tech, biotech, healthcare, financial services and more, as well as a strong connection with China. TAF is backed by a team of veteran entrepreneurs with deep investment experience providing innovative entrepreneurs the tools to thrive and succeed. The company's core network of Tsinghua Entrepreneur & Executive Club (TEEC) has over 300 members to help startups it.
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TAF was founded in 2010 by Eugene Zhang and Chun Xia with the goal of providing early stage investments to technology startups in mobile internet, communication/networking software, e-commerce, enterprise software, cloud computing, biomedicine, healthcare, semiconductor, clean tech etc. The company is part of the new generation of overseas Chinese in SV's investment community.
To date, TAF portfolio startups have raised more than $450 million, and TAF is on track this year to include seven Centaurs - companies with more than a $100 million valuation.
Vision
The vision of Tsinghua Entrepreneurs & Executive Club Angel Fund (TAF) is to advance entrepreneurship through investments that cross borders between the U.S. and China by funding innovative startups that change the world. The fund interacts with more than 300 senior executives, and is supported by the Tsinghua Entrepreneur Group.
Investment
By far, TAF has seen six companies successfully exit, including Launchpad Toys (acquired by Google), Nimble VR (acquired by Facebook), CitrusCom, PrivateCore (acquired by Facebook), TrustGo (acquired by Baidu) and TapEngage (acquired by Dropbox). TAF also counts six Centaurs in its portfolio network, including FlightCar, Zoom.us, Trusper, Dewmobile, Quanergy Systems and Ginkgo Bioworks. To date, the companies in TAF’s portfolio have received more than $450 million in funding.
Partner
TEEC Angel Fund members have deep startup, operating or investment experiences. Eugene Zhang is an expert in software systems and emerging industries. He specializes in assisting entrepreneurs in early stage company building and fund raising. Michael Jin focuses on BioMed investments and he is on the Board or Advisory Board of seven high-tech startups. Chun Xia specializes in the China market and operation, investment community, and government relations. He mainly focuses on cloud computing, mobile devices and Internet of Everything (IoE) applications.
In addition to the three founders, TEEC Angel Fund’s general partners also include Weiying Ding, Jinling Wang, Richard Liu, Xuhui Shao, Biao He and Wenxiang Ma, Hong Ge.