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Cathay Innovation Fund III

France
Pre Seed
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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 data, Spain/EU focus

vertical AI
AI infrastructure
defensible data moats
enterprise software
Spain tech ecosystem
healthcare AI
fintech
robotics
agentic AI
digital labor
context graphs

Bullish Signals

Active voice on vertical AI trendsexternal
GP publicly writing on AI moatslinkedin
Strong Cursor/SpaceX deal POVlinkedin
New partner joining to scale Spain opslinkedin
Active portfolio: THEKER, Abacum, Embat, Payflowlinkedin
Category-defining companies with global ambition focuslinkedin
Co-leading $63M Series C in Skan AIlinkedin
Skan: 300% YoY growth, 7/10 largest US bankslinkedin
Betting big on agentic AI production workflowslinkedin
Long-term conviction: invested since Skan Series A 2020linkedin

Contrarian Signals

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
Leverage Cathay's Spain/EU network
Enable agents to move past pilots
Capture operational domain understanding

Founder Don'ts

Rely on base model as differentiator
Assume model lead = durable advantage
Ignore open-source as competitive threat/tool

Key GPs & Partners

SW
Simon Wu
Partner
vertical AI thesisdata moatspublic writer
BF
Beth Faus
Partner
Spain ecosystem focusAI & roboticsfounder connector
JH
Jonathan Healy
Partner
agentic AI focusenterprise automationthought leader

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Fund Overview

Fund Size€1000M
Saves0
Website
LinkedIn

Key People

Denis Barrier, Jacky Abitbol, Daniel Balm

Simon WuPartner
Beth FausPartner
Jonathan HealyPartner

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