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5Y Capital

China-based private equity and venture capital firm with a mission of supporting entrepreneurs to build companies.
5Y Capital
Leadership team

Hanson Hu (Executive Director)

Victor Jin (Managing Director)

Michelle Fu (IR)

Peter Chen (ManagingDirector)

Yu Cheng (Venture Partner)

Eileen Cao (IR)

Number of Employees
0 - 50
Headquarters
Shanghai, China
Social Media
Summary

5Y Capital, formerly known as Morningside Venture Capital, is a venture capital firm that invests in early-stage and growth-stage technology companies in China and the United States. Founded in 2015, the firm is headquartered in Beijing, China, with additional offices in Shanghai and Menlo Park, California.

The firm was founded by three partners with extensive experience in technology investing and entrepreneurship. The partners are Fang Yuan, Dr Lin Sun, and Winston Fu. Fang Yuan previously worked as a partner at Sequoia Capital China, where she led investments in a number of successful companies. Dr Lin Sun is a serial entrepreneur who previously founded and sold several technology startups. Winston Fu is a former investment banker who has worked at Credit Suisse and Goldman Sachs.


History

5Y Capital, formerly known as Morningside Venture Capital, is a venture capital firm founded in 2008 by Dr. Harry Man. The firm is based in Hong Kong and invests in early-stage and growth-stage technology companies in China and the United States.

The founding team of 5Y Capital includes seasoned venture capitalists with experience investing in technology startups. Dr. Harry Man, the founder and managing partner, has over two decades of experience in venture capital and has been involved in several successful technology companies, including Xiaomi, Meituan-Dianping, and Didi Chuxing.

5Y Capital has built a strong track record of successful investments in a wide range of sectors, including artificial intelligence, fintech, e-commerce, and healthcare. The firm's portfolio includes several high-growth companies, such as ByteDance (the parent company of TikTok), NIO (an electric vehicle manufacturer), and JD Health (a leading online healthcare platform).

In 2020, the firm changed its name from Morningside Venture Capital to 5Y Capital to reflect its focus on investing in companies that have the potential to generate sustainable growth over a long period of time. The "5Y" in the new name stands for "Five Years," which represents the firm's commitment to working with portfolio companies over the long term to help them achieve their goals.


Investment criteria
  • Strong management team: 5Y Capital places a high value on the quality and experience of the management team. The firm looks for teams with a track record of success, deep industry expertise, and the ability to execute their vision.
  • Large addressable market: 5Y Capital seeks out companies that are targeting large, growing markets with significant potential for disruption. The firm looks for companies that have a clear understanding of their target market and a unique value proposition that sets them apart from competitors.
  • Innovative technology: 5Y Capital invests in companies that are developing innovative technologies that have the potential to disrupt existing markets or create new ones. The firm looks for companies with proprietary technology or intellectual property that can provide a sustainable competitive advantage.
  • Traction and growth potential: 5Y Capital looks for companies that have demonstrated traction in the market and have the potential for significant growth. The firm evaluates metrics such as revenue growth, user acquisition, and customer retention to assess a company's potential for success.
  • Alignment with 5Y Capital's values: 5Y Capital seeks out companies that share its values of integrity, teamwork, and long-term thinking. The firm looks for entrepreneurs who are passionate about their business and have a clear vision for creating value for all stakeholders.

Values
  • Integrity: 5Y Capital places a high value on honesty, transparency, and ethical behaviour. The firm seeks to work with entrepreneurs who share its commitment to integrity and who operate their businesses with the highest standards of ethics and transparency.
  • Teamwork: 5Y Capital believes that success is achieved through collaboration and teamwork. The firm works closely with portfolio companies to provide support, guidance, and resources to help them achieve their goals. 5Y Capital also believes in the importance of building strong partnerships with other investors, entrepreneurs, and stakeholders in the ecosystem.
  • Long-term thinking: 5Y Capital takes a long-term view of its investments, seeking out companies that have the potential to generate sustainable growth over the long term. The firm is patient and supportive, and seeks to build lasting relationships with portfolio companies that can lead to mutual success over time.
  • Innovation: 5Y Capital is focused on investing in companies that are developing innovative technologies and solutions that have the potential to disrupt existing markets or create new ones. The firm values creativity, originality, and a willingness to take risks and challenge the status quo.
  • Impact: 5Y Capital seeks to make a positive impact on society and the environment through its investments. The firm is committed to supporting companies that are addressing important social and environmental challenges and is actively involved in promoting sustainability and social responsibility.

Mission

Here is a breakdown of 5Y Capital's mission statement:

  • Invest in innovative and impactful companies: 5Y Capital is committed to identifying and investing in companies that are developing innovative technologies and solutions that have the potential to disrupt existing markets or create new ones. The firm seeks to make investments that have a positive impact on society and the environment, and that align with its values of integrity, teamwork, long-term thinking, innovation, and impact.
  • Create long-term value for all stakeholders: 5Y Capital takes a long-term view of its investments, seeking out companies that have the potential to generate sustainable growth over the long term. The firm aims to build strong partnerships with portfolio companies and to provide support, guidance, and resources to help them achieve their goals. 5Y Capital also seeks to create value for all stakeholders, including entrepreneurs, investors, employees, customers, and the broader community.
  • Foster innovation and entrepreneurship: 5Y Capital is committed to fostering innovation and entrepreneurship by supporting and investing in companies that are developing new and disruptive technologies and solutions. The firm is also actively involved in promoting entrepreneurship and innovation in the broader ecosystem through partnerships, events, and other initiatives.

Portfolio

The firm invests across a range of sectors, including enterprise software, artificial intelligence, healthcare, and consumer internet. Here are some examples of companies in 5Y Capital's portfolio:

  • Casetify: Casetify is a Hong Kong-based startup that designs and manufactures phone cases, watch bands, and other accessories. The company uses high-quality materials and innovative designs to create products that are both stylish and durable. 5Y Capital led a $15 million Series B funding round for Casetify in 2019.
  • Freenome: Freenome is a San Francisco-based startup that is using artificial intelligence to develop a blood test for early cancer detection. The company's technology analyzes biomarkers in the blood to detect cancer at an early stage when treatment is most effective. 5Y Capital participated in a $270 million Series C funding round for Freenome in 2021.
  • SenseTime: SenseTime is a Chinese artificial intelligence startup that develops facial recognition technology and other AI applications. The company's technology is used in a range of industries, including retail, healthcare, and security. 5Y Capital participated in a $600 million funding round for SenseTime in 2020.
  • WuXi AppTec: WuXi AppTec is a Chinese biotech company that provides research, development, and manufacturing services for the pharmaceutical industry. The company has a broad range of capabilities, including drug discovery, clinical development, and commercial manufacturing. 5Y Capital participated in a $1.6 billion IPO for WuXi AppTec in 2018.
  • Zoom Video Communications: Zoom is a San Jose-based video conferencing company that has experienced explosive growth during the COVID-19 pandemic. The company's platform allows users to hold virtual meetings and webinars from anywhere in the world. 5Y Capital participated in a $100 million funding round for Zoom in 2017.

References
5Y Capital
Leadership team

Hanson Hu (Executive Director)

Victor Jin (Managing Director)

Michelle Fu (IR)

Peter Chen (ManagingDirector)

Yu Cheng (Venture Partner)

Eileen Cao (IR)

Number of Employees
0 - 50
Headquarters
Shanghai, China
Social Media