Cathay Innovation Fund III

About Cathay Innovation Fund III

Cathay Innovation Fund III is a venture capital firm based in France, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, Mobility Transport, SaaS, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionFrance

Funding StagePre Seed

Industry Focus

Ai Ml

Climate Sustainability

Mobility Transport

Saas

Investor Signals Profile

active

Sweet Spot

Vertical AI founders with proprietary last-mile data assets

vertical AI

AI infrastructure

defensible data moats

enterprise software

last-mile data assets

Bullish Signals

Active voice on vertical AI trendsexternal

GP publicly writing on AI moatslinkedin

Strong Cursor/SpaceX deal POVlinkedin

Contrarian Signals

No GP or thesis data visibleexternal

No fund size or stage confirmedlinkedin

Founder Do's

Build proprietary data assets

Show clear defensible moat

Own last-mile correction data

Leverage open source as moat enabler

Founder Don'ts

Rely on base model as differentiator

Assume model lead = durable advantage

Ignore open-source as competitive threat/tool

Key GPs & Partners

Simon Wu

Partner

vertical AI thesisdata moatspublic writer

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Fund Overview

Fund Size€1000M

Saves0

Website

Key People

Denis Barrier, Jacky Abitbol, Daniel Balm

Simon WuPartner