We aim to build a premier investment and operating Citytech™ Group, by creating, building and investing in game-changing technology companies, starting from China, to accelerate the development of smarter cities.
Venturous Group was founded after the merger of Venturous, Benson Tam's family office, and Lioncrest Global Group, a boutique financial advisory firm.
Our first external shareholder invested
Savio Kwan, former President, COO and Chief People Officer of Alibaba Group, and member of Venturous Group’s Advisory Board, invested US$10 million.
We entered a partnership with Tianjin city
Venturous Group entered a collaboration with Dongjiang Free Trade Port Zone of Tianjin.
Venturous also obtained a license for private equity and venture capital fund management in Tianjin.
We entered a partnership with Wuxi city
January 2021: Venturous Group launched its first US$ fund in Wuxi National Hi-Tech District, the first foreign investment fund permitted to exceed US$100 million in Wuxi.
July 2021: Venturous Group was appointed, as the exclusive representative in Beijing, "Wuxi National Hi-Tech District (Beijing) Innovation Centre" to assist Wuxi in attracting capital and technology companies.
October 2021: Venturous Group and Wuxi National Hi-Tech District agreed to collaborate on an RMB1 billion fund managed by Venturous to support carbon peak and neutrality initiatives.
Our Series A was closed with US$131 million raised
Benson Tam, Founder & CEO, and Fidelity China Special Situations PLC, the UK’s largest China investment trust, acted as lead investors by investing US$50 million and US$35 million, respectively.
Our first IPO, in the form of iSoftStone Group, went live
iSoftStone Group is one of our core holdings and the leading software and IT services provider for digital transformation in China, with over 90,000 employees.
Our first JV, called Neuron Digital Group, became fully operational
Neuron Digital Group is a JV between Venturous Group and Arup set up to decarbonise building assets and facilitate the transformation towards digital property management.
We established our second JV, called SwanLink
SwanLink is a JV between Venturous Group, iSoftStone Group and Wuxi National Hi-Tech District set up to develop commercial distribution versions of OpenHarmony-based IoT operating systems and applications.
Our first RMB fund with capital raised in China was launched
Venturous Group launched, together with Wuxi National Hi-Tech District, its first RMB fund with capital raised in China.
We entered a strategic partnership with CLP Group
The strategic partnership was set up to develop Smart Energy technology businesses in the Greater Bay Area, a region representing more than 10% of China’s economy. CLP is one of the largest investor-owned power businesses in Asia Pacific.
Our Series B was closed with US$21 million raised
CLP Group, one of the largest investor-owned power businesses in Asia Pacific, acted as the lead investor acquiring a 5% strategic stake.
Smart Citytech is one of the biggest emerging market opportunities we’ve ever seen. From Smart Buildings, Smart Energy, Smart Computing and beyond, Citytech will transform the future of city living.
– Benson Tam, Founder & CEO
Smart City is no longer a choice, it is a necessity
Data is the currency of the digital economy
The best way to predict the future is to create it
Building smarter, living better
Decarbonise with Citytech to unleash a greener tomorrow