As one of the first independent private equity firms in China, Capital Today manages dedicated China funds totaling US$2B. Founded by Kathu Xu in 2005, Capital Today is committed to provide growth capital to small and medium-sized Chinese companies.
0 to $50M
Technology, Consumer, Retail
Normal VC financing process. It starts with a pitch by startups to the VC firm. If the VC firm is interested, they will reply and give the startup a question list for commercial due diligence (CDD) purpose. If CDD turns out to be good, financial due diligence (FDD) and legal due diligence (LDD) might take place. After that, the VC firm might send a term sheet to the startups and negotiation process starts from there. When both parties reach a consensus on terms and structure of the deal, share subscription agreement (SSA) and shareholders’ agreement (SHA) would be drafted and finalized. Deal closing includes payment and documentation and report to the appropriate authority.
Capital Today was founded and led by its only female President, Kathy Xu, who considers Warren Buffet as her role model. Track record of the firm includes biggest names among Chinese technology companies like JD.com, Dian Ping, Mei Tuan, Tu Dou, VIP Shop, Ctrip etc.