Global venture capital firm Cathay Innovation has announced its third fund, targeting €1 billion at a broad gamut of companies and technologies around the world.
The new fund follows its $550 million second fund back in 2020, which — like the inaugural fund before that — was also a multi-stage fund.
Cathay Innovation CEO and cofounder Denis Barrier say despite the current market conditions and uncertainty, they are strong believers that the digital revolution will only continue to accelerate, and that leading tech companies will do extremely well, showing strong growth and pricing power.