Yunqi Capital made an early-stage seed round investment in Minimax at a valuation of $200 million, investing 31 million yuan at that time. Looking at today's market conditions, Minimax has surged to a valuation of $13.5 billion, representing a 67.5x return on this investment over 4 years, with paper gains reaching approximately $2 billion.
What's even more interesting is that the equity corresponding to this investment will unlock in 6 months. For an investment fund to achieve such remarkable financial returns from a single deal like this is indeed uncommon in the venture capital circle. From the early-stage seed round's perspective to today's results, it adequately demonstrates the importance of selecting the right track and projects.
Yunqi Capital made an early-stage seed round investment in Minimax at a valuation of $200 million, investing 31 million yuan at that time. Looking at today's market conditions, Minimax has surged to a valuation of $13.5 billion, representing a 67.5x return on this investment over 4 years, with paper gains reaching approximately $2 billion.
What's even more interesting is that the equity corresponding to this investment will unlock in 6 months. For an investment fund to achieve such remarkable financial returns from a single deal like this is indeed uncommon in the venture capital circle. From the early-stage seed round's perspective to today's results, it adequately demonstrates the importance of selecting the right track and projects.