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Celtic House Asia Partners (CHAP) is a venture capital firm founded in 2019 and headquartered in Toronto, Ontario, Canada. The firm was established by Larry Liu and Charlie Wang under the Celtic House brand, which also includes Celtic House Venture Partners. CHAP focuses on supporting a network of over 40 entrepreneurs, emphasizing the importance of perseverance, humility, and attentiveness in founders. The firm is particularly committed to investing in early-stage to pre-IPO companies, with a notable emphasis on diverse and immigrant founders, comprising over 80% of their portfolio.
As of 2023, CHAP manages an $80 million evergreen fund, which was announced in 2021. The firm has built a portfolio of five companies, reflecting its investment strategy in critical sectors such as healthcare, supply chain, and enterprise SaaS. CHAP's approach is characterized by a methodical development of investment theses, focusing on tech-enabled services and marketplaces that align with their existing portfolio. The firm operates primarily in North America, particularly Canada, and aims to leverage its cross-border networks between North America and Asia to enhance the growth of its portfolio companies.
Celtic House Asia Partners invests in early-stage to pre-IPO companies across several key sectors, including healthcare, supply chain, and enterprise SaaS. The firm also explores adjacent market opportunities that align with its existing portfolio, particularly in tech-enabled services and marketplaces. CHAP's investment strategy encompasses a range of stages, from pre-seed to Series C and pre-IPO, allowing them to support companies throughout their growth journey.
The firm seeks founders who demonstrate vigilance, agility, and a mission-driven approach to building category-defining companies. CHAP places a strong emphasis on investing in diverse and immigrant founders, reflecting its commitment to inclusivity in the entrepreneurial landscape. The firm values companies that can leverage insights into supply chain dynamics and marketplace strategies, providing support in go-to-market strategies, customer acquisition, operating models, and follow-on fundraising.
Celtic House Asia Partners has a diverse portfolio of five notable companies, each contributing to its investment thesis:
These companies exemplify CHAP's focus on sectors such as healthcare, supply chain, and enterprise SaaS, showcasing the firm's commitment to supporting innovative solutions that address critical market needs.
Larry Liu - Managing Partner at Celtic House Asia Partners. He leads investments in B2B SaaS and industrials. Larry previously founded GCI Capital and co-founded EffiSolar, with notable prior investments including Envenio, ApplyBoard, and Quectel.
Charlie Wang - Partner at Celtic House Asia Partners. He oversees investment activities in Vancouver and manages fundraising and investor relations across North America. Charlie was an early investor in Fantuan and IOT Pay, and has led investments in UniUni and Big Way Hot Pot.
Sky Yu - Partner at Celtic House Asia Partners. Sky oversees governance, operations, and investments in food tech and e-commerce. He previously served as Director at LCS-CP Family Office and held roles at Alacrity Canada as Director Assistant & Analyst.
C.J. Chen / Jie Chen - Managing Partner, reported to oversee fund operations and lead B2C investment activity. C.J. has expertise in consumer tech, digital health, and investments in the food/grocery delivery ecosystem.
To pitch Celtic House Asia Partners, founders should use the email address info@celticvc.com. The firm encourages a direct approach and maintains an open pitch policy. When preparing a pitch deck, it is essential to include a clear overview of the business model, market opportunity, and team background. While specific application forms or portals are not disclosed, CHAP is open to reviewing pitches on a rolling basis.
Response times may vary, so founders should be prepared for a potentially extended timeline. Warm introductions are not explicitly required, but they can enhance the likelihood of engagement. Overall, CHAP seeks to understand the founder's vision and the potential impact of their startup in the market.
In 2021, Celtic House Asia Partners announced the launch of an $80 million evergreen fund aimed at further investment into the Canadian ecosystem. This fund reflects the firm's commitment to supporting diverse and immigrant founders in early-stage companies. Since its founding in 2019, CHAP has actively supported a network of over 40 entrepreneurs, emphasizing the importance of perseverance and humility in the founders they back.
As of 2023, CHAP continues to expand its portfolio, focusing on critical sectors such as healthcare, supply chain, and enterprise SaaS. The firm has made notable investments in companies like GrubMarket, Fantuan, and ApplyBoard, showcasing its dedication to innovative solutions in the market.
What investment criteria does Celtic House Asia Partners look for?
CHAP focuses on early-stage to pre-IPO companies, particularly in the healthcare, supply chain, and enterprise SaaS sectors. The firm emphasizes investing in diverse and immigrant founders, with a portfolio that reflects over 80% diverse and 50% immigrant entrepreneurs.
How can I pitch to Celtic House Asia Partners?
Founders can pitch their startups by emailing info@celticvc.com. The firm maintains an open pitch policy and encourages entrepreneurs to reach out directly through their website.
What makes Celtic House Asia Partners different from other VCs?
CHAP distinguishes itself by its commitment to supporting diverse founders and its focus on sectors critical to the North American market. The firm leverages its cross-border networks between North America and Asia to provide valuable insights and support to its portfolio companies.
What is the typical check size for investments?
While specific check sizes are not disclosed, CHAP invests across various stages, including pre-seed, seed, Series A, Series B, Series C, and pre-IPO, indicating a flexible approach to funding.
What geographic areas does Celtic House Asia Partners focus on?
The firm primarily invests in North America, specifically Canada, but also explores opportunities in adjacent markets that align with its portfolio, including potential interests in Asia.
What kind of support does Celtic House Asia Partners provide post-investment?
CHAP adds value to its portfolio companies by offering insights into supply chain dynamics, go-to-market strategies, customer acquisition, and operational support, along with assistance in follow-on fundraising.
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