Spotify investor Legal Capital launched 2nd international tech fund

January 21 19:22 2019

Spotify investor Legal Capital launched 2nd international tech fund
Legal Capital has launched a $500 million fund focusing on technology companies with global aspirations. Based in Silicon Valley, Hong Kong and Beijing, Legal Capital targets growth and late stage investments in TMT, Fintech and industrial manufacture sectors.

Legal Capital has launched a $500 million fund focusing on technology companies with global aspirations. Based in Silicon Valley, Hong Kong and Beijing, Legal Capital targets growth and late stage investments in TMT, Fintech and industrial manufacture sectors.

The firm has invested in quite a few unicorns so far, which include Didi, Magic Leap and Spotify. Spotify has gone IPO at close to USD 30 billion in April 2018. Didi has grown to be a premier unicorn in ride-hailing sector with USD 56 billion valuation in its latest fundraising. Legal Capital also holds a few other billion dollars valued unicorns which are expected to debut on Nasdaq or Hong Kong Stock Exchange this year.

Legal Capital has developed deep domain expertise into the technology sector, and aimed to bring the Valley hustle to international companies with proven domestic success. The firm has managed to build a bridge for partnership and investments between prominent tech companies in US and Asia. The combined professional experience, strategic insights and deeply rooted local connections have provided an unparalleled advantage to the companies looking to make a global impact.

“Technology is running a global clock and our unique ability is to foresee a trend for one pioneering technology adopted in each of the internet robust regions globally,” said Marshall Ma, co-founder and managing partner of the firm, “We are highly selective in choosing investments and only focus on start-ups who have the ambition to succeed on a global scale.”

Legal Capital’s network of investors consists of multi-billion-dollar family offices and institutions. Along with Legal Capital’s extensive operation capability, the whole community has provided seasoned business agility and deeply rooted local connections to the portfolio companies to create long-term value. This combination has proved particularly helpful for expansion of business in a new arena.

Prior to joining Legal Capital, Marshall has participated in the management of China’s sovereign wealth fund. He had the experience of working with a large group of top-tier investors over the world and contributed to quite a few high profiled investments. All the while he maintained a fascination with the opportunities for investors willing to go all in on a global thesis.

“We are very much grateful for the ongoing trust of our partners, and we have to keep working hard to be the preferred investment partner for more premier international technology companies”, said Marshall, “Besides US and China which are the most internet robust communities, we also pursue markets which may unleash big potential, like India, Southeast Asia and Israel. Our efforts to pioneer such markets have been proving much rewarding.”

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