1955 Capital to Open Chinese Markets for U.S Star-ups

1955 Capital to Open Chinese Markets for U.S Star-ups

The Chinese markets offer a lucrative opportunity for any business that seeks to grow and succeed. Most western companies and especially start-ups, have a challenging time setting up in this market. The entrepreneur and celebrated business leader Andrew Chung and his new venture capital firm, 1955 Capital, is looking to change this. This venture capital firm is based in San Francisco, California, and since its founding in 2015 made major strides towards bridging the gap between American start-ups and the Chinese markets.

Accelerating tech commercialization

The primary goal of this new venture capital firm is accelerating tech commercialization. Andrew Chung has so far raised more than $200 million which he intends to invest in start-ups to speed up their tech commercialization. This celebrated business leader revealed that with this new fund, his company would target companies that are less than three years to commercialization. The primary target technologies for this firm will be in the food, agriculture, health, education and energy sectors..

Previously, Chung worked at Kholsa Ventures where he helped numerous companies get into the Chinese markets. At this firm, investments were directed mostly to companies that showed potential even if they were still in their infancy. During his five-year stint at this company, Andrew helped over 10 companies enter the Chinese markets.

Expanding to other emerging markets

China is not the only focus market for the San Francisco based venture capital firm. According to its CEO, the firm is also looking for opportunities in other emerging markets like India. This business leader pointed out that opening these emerging markets to American businesses is bound to bring them more prosperity.

Besides accelerating the commercialization of technologies, 1955 Capital aims to create jobs and improve the lives of the people living in these developing markets. In addition to this, the firm hopes to foster partnerships that enable long term growth. Chung pointed out that his fluency in both Mandarin and Cantonese Chinese will come in handy in helping his firm find success in with American start-ups in China. Out of the $200 million raised so far, the firm will be investing roughly $10 million to $15 million on each start-up.