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Hive Ventures is a venture capital firm founded in 2019 by Canner Howard Chi, John B Chen, and Will Wang. Based in Taipei, Taiwan, the firm focuses on supporting early-stage startups, particularly in the Data and AI sectors. Hive Ventures aims to be the first institutional investor in promising startups, providing hands-on support throughout their growth journey. The firm has a strong emphasis on launching businesses and facilitating their public listings, including on NASDAQ.
As of now, Hive Ventures manages approximately $14 million in assets under management (AUM) and has invested in around 20 companies. The firm operates primarily in Taiwan, with a presence in Vietnam, and targets startups across Southeast Asia. Notable milestones include the successful launch of their inaugural seed fund, which closed at $13.5 million, and the establishment of the Taiwan AI Renaissance Fund, which is also active in the market.
Hive Ventures primarily invests in early-stage companies, focusing on sectors such as enterprise software, data and AI infrastructure, and blockchain applications. The firm targets startups at the Pre-Seed, Seed, and Series A stages, aiming to be the first institutional backer for these companies. Investment checks typically range from $100,000 to $1 million, although specific amounts are not publicly disclosed.
The firm seeks to empower startups by providing comprehensive support throughout their lifecycle. This includes mentorship, operational guidance, and strategic connections within the industry. Hive Ventures emphasizes its commitment to accelerating Taiwan's edge in Data and AI, building toward a hyperautomated enterprise stack. The firm looks for founders who demonstrate strong technical expertise and a clear vision for their business.
Hive Ventures boasts a diverse portfolio of innovative companies, including:
Canner Howard Chi: Founder & Managing Partner; previously co-founded a data company in 2009, bringing extensive experience in the Data and AI sectors.
John B Chen: Founder & Managing Partner; a NASDAQ-listed entrepreneur with a strong background in venture capital and technology investments.
Will Wang: Founder & Managing Partner; has a wealth of experience in launching and scaling startups in the tech industry.
Ryan Chang: Investments Principal; focuses on identifying promising startups and managing investment processes.
Eden Chen: Data Engineer; specializes in data analytics and infrastructure, supporting portfolio companies with technical expertise.
Nicolas Lye: Investments Principal; involved in deal sourcing and portfolio management, with a focus on the Data and AI sectors.
Kerina Liu: Operations; oversees operational aspects of the firm, ensuring smooth processes and communication within the team.
To pitch Hive Ventures, startups should visit their contact page at hiveventures.io/contact. It is advisable to include a comprehensive deck that outlines the business model, market opportunity, and team qualifications. While specific response time expectations are not disclosed, startups should anticipate a thorough review process.
In 2023, Hive Ventures has been actively engaging with the startup ecosystem, focusing on early-stage investments in the Data and AI sectors. The firm recently highlighted its commitment to technological advancements in Taiwan, although no specific blog posts or articles have been published recently.
Hive Ventures closed its inaugural seed fund at $13.5 million, which is aimed at supporting around 20 AI and data startups. The firm is also managing the Taiwan AI Renaissance Fund, which is currently active in the market.
What are Hive Ventures' investment criteria?
Hive Ventures invests in early-stage companies, primarily from Pre-Seed to Series A, focusing on sectors such as data, AI, enterprise software, and blockchain applications. The firm aims to be the first institutional investor in these startups.
How can startups apply or pitch to Hive Ventures?
Startups can pitch Hive Ventures through their contact page at hiveventures.io/contact. It is recommended to provide a detailed deck outlining the business model, market opportunity, and team background.
What makes Hive Ventures different from other VC firms?
Hive Ventures emphasizes hands-on support and aims to guide startups through their growth phases. The firm leverages its expertise in Data and AI to help companies navigate challenges and seize opportunities in the market.
What is the geographic scope of Hive Ventures?
Hive Ventures primarily focuses on investments in Taiwan, Hong Kong, and Southeast Asia, with a particular emphasis on the Taiwanese market.
What is the typical check size for investments?
While specific check sizes are not publicly disclosed, Hive Ventures typically invests between $100,000 and $1 million in early-stage startups.
What kind of post-investment involvement does Hive Ventures have?
Hive Ventures provides ongoing support to its portfolio companies, including mentorship, operational guidance, and assistance with strategic connections to help them grow and succeed.
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