CVC  Fung Capital

     Office Locations:

Four Embarcadero Center, Suite 3400
San Francisco, CA 94111
Phone: 415-315-7440

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  • Early
  • Growth



  • Consumer Products & Services



    Fung Capital is the venture capital arm of Li & Fung Limited, a global consumer products sourcing company that is listed on the Hong Kong Stock Exchange, and has over $21 billion in revenues. LFV invests $1M to $10M in early-stage companies and larger amounts in growth rounds, management buy-outs, or joint ventures. Usually lead sponsor of a transaction, Fung Captial also co-invests with other private equity firms in larger transactions, and can take either majority or minority investment stake. The firm's primary investment focus is in eCommerce service providers and eCommerce enabling technology companies that make online selling of consumer products more profitable and productive. The fund invests in technology companies that can improve efficiencies at all stages of the supply chain from product development, order processing, compliance, payment, logistics, warehouseing and delivery to the consumer. LFV partners with management of consumer product companies that have global brands, particularly companies benefiting from the worldwide sourcing network of Li & Fung (Trading), and products that can be distributed in Asia through the marketing and retailing expertise of Li & Fung Retailing. The firm focuses on the following consumer product sectors: Garments; Home Furnishings and house wares; Fashion Accessories; Shoes, Handbags and Travel Goods; Gifts and Handicrafts; Premiums; and Toys.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or Silicon Valley Database subscription.
    Janie Yu Senior Associate
    John Seung Partner
    Michael Hsieh President


    Recent Funding Events (trailing 12 months):










      Series C


    Portfolio companies include:

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      Centric Software
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      GT Nexus
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      Prism Brands
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      Proclivity Systems
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      The Lodge at Harvard Square
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      Wilke Rodriguez
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    Recent News: