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Tencent

Tencent

Venture Capital

Tencent uses technology to enrich the lives of internet users through communication services, advertising, fintech, and digital innovation.

Portfolio

15

companies


Portfolio companies

CS

CMR Surgical

CMR Surgical manufactures the Versius system for robotic minimal access surgery.

Broken String Biosciences

Broken String Biosciences

Genomics company building a platform to drive the development of safer cell and gene therapies.

Quell

Quell

Quell develops fitness gaming technology that combines high-intensity workouts with immersive video games.

Previse

Previse

Previse provides data-driven working capital finance solutions for small and medium-sized enterprises.

O

Omnipresent

Omnipresent provides a SaaS-based global employment platform that helps businesses build and manage international teams compliantly.

Microbiotica

Microbiotica

Microbiotica develops microbiome-based therapeutics and precision biomarkers.

Brainomix

Brainomix

Brainomix builds AI-powered software solutions that automate medical imaging biomarkers to improve clinical decisions.

Ultraleap

Ultraleap

Ultraleap builds hand tracking and mid-air haptics technology for spatial computing.

O

Oxbotica

Oxbotica builds universal autonomy software that brings self-driving capabilities to any vehicle.

Congenica

Congenica

Congenica provides software that accelerates genomic data analysis for personalised medicine.

fc

firstminute capital

Firstminute Capital invests in early-stage technology start-ups across Europe and the US.

S

SenSat

SenSat creates artificial intelligence powered digital representations of physical locations for infrastructure industries.

E

Everledger

Everledger builds transparency and sustainability into global supply chains using secure technologies.

TrueLayer

TrueLayer

TrueLayer operates a global open banking network that powers payments and financial data access.

P

PROWLER.io

The company builds an artificial intelligence platform designed to improve decision making for businesses.


Team

LG

Ling Ge

Chief European Representative

LinkedIn
JM

James Mitchell

Chief Strategy Officer


Recent investments

£133M

The upsized funding round was led by existing backers including Ally Bridge Group and Lightrock.

"Versius is very well suited to our needs as a world-leading thoracic surgery department. We have successfully helped patients get the benefit of robotic assisted surgery and we look forward to developing our robotics programme working with CMR and other centres around the world as the adoption of Versius continues."
— Adam Peryt
Series A
£12.0M

The financing was co-led by Illumina Ventures and Mérieux Equity Partners to support the development and commercialisation of the company gene editing safety technology.

"Our vision is a future where cell and gene therapies are safer, more efficient, and affordable for patients. Operating at the intersection of biology, bioinformatics and data science, our INDUCE-seq platform offers an unbiased, end-to-end solution that expedites the measurement and assessment of off-target gene editing during therapeutic development. This provides essential information required to progress therapeutic programs that leverage gene editing and mitigate potential risks that can result in later-stage clinical failures. By developing a deployable PaaS offering, we have the opportunity to provide the cell and gene therapy community with this much-needed solution and achieve rapid market growth."
— Felix Dobbs, Chief Executive Officer
Series B
£50.0M

The financing round was co-led by Tencent and Flerie Invest to support Phase 1b clinical studies and pipeline expansion.

"This major fundraise is a substantial validation of both our team and our world-leading technology. We are fortunate to have the support from new and current investors who have recognised the importance of the microbiome's therapeutic potential and Microbiotica's unique capabilities."
— Mike Romanos, Co-Founder and CEO
Series B
£16.0M

The financing round was co-led by Boehringer Ingelheim Venture Fund and Parkwalk Advisors, with participation from Tencent and Oxford University Innovation Fund.

"Over the past decade Brainomix has created the market for stroke AI imaging. As a spin-out from the University of Oxford it is an example of the UK's world-leading strengths in life sciences and AI-enabled medtech, combining expertise in clinical care and software development with more than 150 years' experience in the field across its leadership team."
— Alastair Kilgour, Chief Investment Officer
Series D+
£60.0M

The financing round was backed by Tencent, British Patient Capital, CMB International, Mayfair Equity Partners, and IP Group.

"The metaverse concept is not new to Ultraleap. It has always been our mission to remove boundaries between physical and digital worlds. The pandemic has accelerated the rise of the term as more people now understand the power of enhancing the physical world with digital elements."
— Tom Carter, CEO
Series D+
£425M

The funding round was led by SoftBank Vision Fund 2 and co-led by Ally Bridge Group to support international expansion and technological development.

"This latest financing equips CMR with significant funds to accelerate our mission of bringing Versius to hospitals worldwide, whilst providing full flexibility to achieve our goals. This major injection of capital that now values us at $3billion not only reflects the level of interest we have seen in our product, but also the scale of the business, and will enable significant technology developments and global expansion. As the lead investor, SoftBank has a wealth of experience supporting disruptive business models and innovative technologies, and we look forward to leveraging their expertise and extensive ecosystem. I would also like to thank our existing investors for their long-term support."
— Per Vegard Nerseth, Chief Executive Officer
Series B
£10.0M

The investment coincides with a commercial partnership to integrate autonomous vehicle software into warehouse and delivery operations.

"We are excited about the opportunity to work with Oxbotica to develop a wide range of autonomous solutions that truly have the potential to transform both our and our partners’ CFC and service delivery operations, while also giving all end customers the widest range of options and flexibility."
— Alex Harvey
Series C
£39.0M

The financing round drew participation from Legal & General, Tencent, and QVentures to support genomics software development.

"We are thrilled to be supporting Congenica in developing their world-leading technology to deliver life-changing answers. At QVentures, we strive to support cutting-edge technology companies that really change how an industry operates and we believe David and his team are doing just that. We are pleased that QVentures’ Family Offices and UHNWI investors could join us on that journey."
— Robert Walsh, Managing Partner
Series B
$47.0M

The Series B round was led by bp ventures with participation from a global investor syndicate.

"We are very excited about the amazing endorsement we have received from new and existing investors. This round of investment marks a key chapter in Oxbotica’s continued growth and pushes us forward in commercialising our autonomous software today, through key strategic go-to-market partnerships. The high-quality and global footprint of our investors cements our position as a leader in autonomy. We will use funds raised to accelerate the global deployment of our transformative technology."
— Ozgur Tohumcu, CEO
Seed
£87.0M

The London-based venture firm secured backing from RIT Capital Partners and seventy unicorn founders for its second early-stage vehicle.

"firstminute exists to support entrepreneurs, at the earliest stage, in creating platforms that will re-shape our world. Globally, outstanding technical minds are plotting how to solve the toughest societal and economic challenges with software. Many of these challenges have been exacerbated by the pandemic and its recession. Our healthcare systems, workplaces and educational establishments face fresh complexities. The service economy is having to re-imagine itself. The gap between financial markets and the real economy is growing wider (with the young most at risk). Start-ups are not a panacea, but emerging technology companies have a key role to play in today’s recovery strategy, both in their mindset and the products they will create. firstminute aims to be a talent magnet to star founders building the most ambitious businesses, wherever we find them."
— Spencer Crawley, Founder
Series C
£39.0M

The financing round was co-led by Tencent and Legal & General to support international expansion and product development.

"Genomic medicine is revolutionising healthcare, transforming outcomes for patients by providing clinicians with fast, accurate and early diagnoses and the information needed to provide life-changing answers for their patients, improving wellbeing and disease management. This new funding will allow us to build on our established foundation in rare disease and bring the power of our platform to new indications and new markets. We welcome our new investors to Congenica and are grateful to our existing investors for their continued support."
— David Atkins, Chief Executive Officer
Series A
£8.1M

Tencent led the Series A financing to support team expansion and international growth at SenSat.

"Using AI-powered digital twin technology to replicate the real world in a digital capacity is the next step towards using data to make better decisions, not only in Infrastructure but in how we impact the world as people. SenSat has scaled rapidly in the past year, and we have big plans for this first major round of investment, adding to our world-class AI expertise, and enabling fresh partnerships with innovators in a range of different fields. With Tencent, we share similar ambitions about the impact of enterprise internet on laggard industries and how that can lead to us operating our world more sustainably."
— James Dean, Co-Founder and CEO
Series A
£16.2M

The Series A round was led by Tencent with participation from Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity, and Vickers Venture Partners.

"Today’s announcement amplifies our commitment to global markets, whilst fuelling our industry momentum as we continue to build Everledger. Having this strong investor cohort join us at this stage in our development is both validation of the innovation we’ve displayed to date, and a statement of future intent. They will support us in bringing more visibility to good business practices in industries that impact millions, if not billions of people in developing countries."
— Leanne Kemp, Founder and CEO