NextGen Venture Partners

Advance Venture Partners ("AVP") combines the disciplined approach of an institutional venture and growth equity investor with the strategic insights, access, and impact made possible by a high-value strategic partner. Our initial investments in businesses range from $5 million to $30 million, and we have a broad investment mandate across software and consumer verticals, including digital health and insurtech. AVP is affiliated with Advance, the private, family-held holding company focused on fostering long-term growth and innovation across a diversified portfolio in media, technology, entertainment, education, communications, and other growth sectors. Advance’s portfolio includes Conde Nast, Advance Local, The IRONMAN Group, American City Business Journals, Turnitin, 1010data and is among the largest shareholders in reddit, Charter Communications, and Discovery. Our investment thesisWe are theme or sector-driven and are comfortable investing in companies serving either enterprise or consumer end markets. We work tirelessly to support exceptional founders and operators building disruptive, landscape-changing businesses. We write $10 to $25 million first checks into businesses with product in market, evidence of product-market-fit, sound fundamentals, compelling growth, and large end markets. Our evergreen fund structure allows us to be patient capital and long-term strategic partners to our portfolio companies. AVP is built in partnership with Advance, a family-owned multi-genera­tional holding company that owns and operates enduring media and technology companies. We concentrate our time in industries and verticals where we have built conviction around evolving market trends and the opportu­nities created for emerging platforms. We are actively pursuing investments in verticals including digital health, data platforms, insurance technology, and financial technology.

We believe that these solutions cover a wide spectrum that includes the optimization of physical, mental, social and financial wellness, serving as the core components that will undergird the conscious, communal shift toward a healthier future. Our primary goal is to empower passionate founders who develop innovative ideas that impact all bodies. We're investing in more than just potential, we’re doubling down on the endless realm of human potential. With efficiency in mind, we like to spend our first meeting getting to understand the founder(s) first. Your first conversation may be with one of our Partners or investors. Each member of our team has a voice and it's respected at the table. After that conversation, we huddle to connect the dots, reflect on your story and think. From there we spend time with information shared and will come back with deeper questions that move the relationship forward. These are not questions to occupy your inbox, but questions formulated on our path to deep conviction. HEALTH Healthcare has reached an inflection point. The landscape is rapidly shifting towards value based care, deep personalization, and an endless appetite for connected data that will forever change the way we communicate with health providers, our families and ourselves. WELLNESS The wellness industry is a $4.5T opportunity, as more consumers seek to reduce their healthcare costs while exploring ways to be healthier and happier across physical, mental, social and spiritual dimensions of their lives. We seek innovative companies using technology to deliver benefits that are meaningful, measurable and scalable. TECHNOLOGY Software will continue to impact the world in ways never imagined. We're firm in our belief of embracing technology as the conduit for optimization. Innovative applications and connected hardware will continue to change behaviors, augment processes and provide stable infrastructure to advance the world's capabilities. STAGE & CHECK SIZE Our funding decisions are made by consensus. There will always be an internal deal champion that will serve as your lead investor. We practice a rigorous diligence process that can sometimes be complex or very swift - but we typically are able to gather the information we need in 2 weeks or less, once we've aligned on our potential partnership. It's our obligation to earn your trust and build on our relationship. To that end we run a transparent process, with no "GOTCHA" moments. We will work closely with the founder(s) to determine our entry point that makes sense. We are hands-on investors, we set out with a 90 day action plan to be additive at the outset. Stage: Seed-Series A Size: $500K-$3MM Fund Size: $50M As the capital landscape continues to evolve, we remain flexible to understand the specific needs of the entrepreneur. We have a framework that directs our investing. In order for us to spend dedicated time with our founders, we target 6-8 investments per year. These companies typically have a working prototype product getting user feedback or generating revenue, approaching product market fit. On occasion, we invest in exceptional teams at the concept level.

Qiming Venture Partners is a top-tier VC firm with outstanding reputation. With our exceptional investment performances, we have been widely recognized by investors from around the world. We have a reputation for being entrepreneur friendly. Why Choose Us Founded in 2006, Qiming Venture Partners is a leading global venture capital firm. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages. Since our establishment, Qiming Venture Partners has earned extensive recognition from investors worldwide and has become an ideal VC firm for entrepreneurs, due to our exceptional investment performance. Qiming Venture Partners and our partners consistently rank among the leaders in the global venture capital industry across various prestigious lists. Experienced Investment Team Our professional investment team consists of founders, entrepreneurs, scientists, engineers, doctors, consultants, and financial experts. We have extensive experiences in building and operating a business. We are happy to share our experiences and resources with entrepreneurs. Exceptional Investment Performances Qiming strives to be the preferred investor for top entrepreneurs. For the past decades, we seized the opportunity of changing world with technologies. We have invested in companies that later become industry unicorns and listed companies, which delivered excellent returns for our LP investors. Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status. Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi (SEHK:1810), Meituan (SEHK:3690), Bilibili (NASDAQ:BILI, SEHK:9626), Zhihu (NYSE:ZH, SEHK:2390), Roborock (SHSE:688169), Gan & Lee Pharmaceuticals (SHSE:603087), Tigermed (SZSE:300347, SEHK:3347), Zai Lab (NASDAQ:ZLAB, SEHK:9688), CanSino Biologics (SEHK:6185, SHSE:688185), Schrödinger (NASDAQ:SDGR), APT Medical (SHSE:688617), New Horizon Health (SEHK:6606), Sanyou Medical (SHSE:688085), AmoyDx (SZSE:300685), Berry Genomics (SZSE:000710), SinocellTech (SHSE:688520), UBTech (SEHK:9880), Yuanxin Technology, Caidya, Belief BioMed, WeRide, among many others. Adequate Resources and Experiences to Help Grow a Start-up to an Enterprise We always fully respect entrepreneurs. We are entrepreneurs' companions along their way of achieving dreams and building great companies. We leverage our industry resources to provide a broad range of support to entrepreneurs. We have built a unique Qiming ecosystem that can provide value-added services to portfolio companies, which creates beautiful chemistries between our portfolio companies. More and more new investments are made from the upstream or downstream of our portfolio companies, or from the recommendations of the portfolio companies. Increasing more of our portfolio companies started to cooperate intensively with each other. We help entrepreneurs make strategically critical decisions. When entrepreneurs are at a crossroads, we do our best to help them choose the right direction. We share industry insights with entrepreneurs so that they can better navigate the business world. We share our industry resources to entrepreneurs. Our extensive network in both East and West enables entrepreneurs with diversified resources, which helps them optimize their business model and become an industry leader. We help portfolio companies build strong teams and provide them with consulting support. We help entrepreneurs improve the leadership capacities and find their core team members to become long-term partners. We can connect entrepreneurs with management, finance, legal, and marketing professionals. We value important milestones such as financing, IPOs and M&As. We respect entrepreneurs with their own choices regarding the timing, location and approaches of financial activities. We work hand-in-hand with entrepreneurs, help them select the appropriate intermediaries, and sort out the strategic positioning, market scale, business structure and growth potential for the companies. Investment Strategies We are committed to finding great companies for the future and bring long-term value to societies. Our investment team spends a lot of time researching industry trends, technology developments, and changes in consumer habits. Through these studies, we hope to capture a huge future market as early as possible. At the same time, we also attach great importance to in-depth and detailed due diligence. We make comprehensive contact with entrepreneurs, through a deep understanding of the business operations and scientific research data, we can better grasp investment opportunities and assess investment risks. Another essential component of our investment strategy is “focus”. We hope to have good insights and rich contacts for the industries we care about, truly understand the projects we invested in, be able to help after the investment, and form an ecosystem within our portfolio companies, to help start-ups grow from multiple perspectives. What Do We Invest Since our inception in 2006, we have been in touch with tens of thousands of founding teams of startup companies. On average, one out of 30 companies receives our funding. Seventy percent of our investments are in Series-A, and many of our portfolio companies will become industry leaders in less than seven years. T&C: We invest in information technology and new consumer business patterns. We focus on mobile internet, social networking, and entertainment. We value how technology redefines business, education, and transport. We pay close attention to new core technologies, including artificial intelligence, robotics, semiconductors, enterprise software, blockchain and so forth. We have great interests in manufacturing upgrade opportunities. Healthcare: We have invested in over one hundred start-ups in the healthcare sector. Our healthcare investments are majorly in diagnostics, R&D, equipment, and services fields. In recent years, we started to pay close attention to AI-related "Digital Healthcare" sector. What we can bring to entrepreneurs?We are committed to finding great companies for the future to bring long-term value to people and society We share our industry resources with entrepreneurs We have a complete trust relationship with stakeholders, especially with our investors and entrepreneurs We help entrepreneurs build strong teams and provide them with consulting supports We build a unique ecosystem to provide value-added services to entrepreneurs We value important milestones including financing, IPOs and M&As We provide support to entrepreneurs when they make strategically critical decisions

We invest in companies that leverage differentiated technologies and scalable business models to generate financial returns and drive innovation. We believe technology will meaningfully transform all sectors of the economy, from property development, to HR processes, to new cyber security challenges. We support the growth of leaders at the forefront of these transformations. THE AVP PLATFORM PROVIDES A UNIQUE AND DIFFERENTIATED VALUE PROPOSITION ARTICULATED AROUND 3 MAIN PILLARS: A multi-stage investment remit with independent, cross-fertilized strategies A global investment platform A unique network of LPs including AXA & Equitable, key partners for business development AVP is a $1bn venture capital firm Investing in seed and early stage companies through AVP Early Stage, and in growth stage companies through AVP Capital. We partner with exceptional founders who are building great companies. In our early stage investments, we look for product-market fit and initial traction. In our growth-stage investments, we seek companies with attractive unit economics, a robust customer base, and significant revenue growth. Our relationship with AXA means unique access for our portfolio companies to:Some of the world’s best risk managers, financial advisors, and data scientists AXA’s distribution networks and client base AXA’s strong global franchises and different lines of expertise – Property & Casualty, Life & Savings, Health, and Asset Management – provide a distinctive business portfolio. AVP’s expertise in our target sectors, global footprint, and relationship with our anchor investors AXA and Equitable and other LP allow us to meaningfully help our portfolio companies realize their potential. AVP’s value proposition is tailored for entrepreneurs, case by case, to create and deliver value. AVP portfolio companies will have preferred access to AXA’s resources, including the buying power and distribution capabilities of a €100B revenue company with 107 million customers. SEVERAL PILLARS TO SUPPORT COMPANIES: Global presence and ability to help companies scale internationally Introductions to AXA and our broader network as a potential customer, partner, distributor, or even strategic partner Strong expertise in several fields (enterprise software, marketplaces, fintech, consumer technologies and all insurance / asset management related verticals) Access to AXA and Equitable’s deep expertise in insurance and asset management, as well as the specialized expertise of our other LPs.

Lightscape Partners is an investment firm located in the New York City Metropolitan Area. Founded by thought leaders in the financial services sector, Lightscape applies a proven Prism Investing approach to cultivate relationships with portfolio companies and explore product opportunities. The company actively seeks to invest in innovative artificial intelligence-powered businesses, infrastructure, and deep tech, using partner capital to make decisive investments. We partner with motivated and energetic entrepreneurs in the AI space, leveraging our extensive relationships and industry experience to help shape companies for the long-haul. Our stage-agnostic investment thesis allows exposure across all phases of the startup life cycle.

We are a venture capital firm positioned in the heart of Startup Nation. We invest in visionary Israeli entrepreneurs building future-defining technologies. We seek the leaders who are relentless in their quest to disrupt existing markets, industries, business processes, and consumer experiences. They are the pioneers who will shape the way we live, work, and experience the world in years to come. While our founders dream big, execution is the name of the game. We provide our founders with much more than just capital. We are the go-to partner for entrepreneurs who seek our experience, perspective, and mentorship. We have a tailored, founder-friendly approach and offer our portfolio companies a strong support system. As seasoned launch-enablers, we thrive in helping early-stage startups grow into significant businesses. We work to provide mentorship across key milestones leading to launch – from fine tuning product to developing go-to-market processes to building teams. We offer founders our diverse expertise, collaborative ecosystem, and market access to help transform nascent ideas into success stories. Applied Expertise The PICO team brings a diverse set of professional backgrounds and expertise. We are former founders and executives who experienced the meteoric growth of startup to multi-billion-dollar enterprise. Our domain expertise spans enterprise, automotive retail, e-commerce, finance, security, healthcare IT, telecommunications, and more. We leverage our know-how to help entrepreneurs build great companies. During the ideation phase, we deploy our strategic knowledge to help founders identify market-shifting opportunities and refine initial ideas. From there, we impart our launch expertise to help founders bring products to market. We don’t just invest in opportunities – we help founders create and build on them. Collaborative Ecosystem PICO’s ecosystem includes a global business network of experienced entrepreneurs and executives who work hand-in-hand with our founders to ensure success. Our network provides domain expertise, business model and strategy development, and valuable customer connections as founders validate their value proposition and gain traction in the market. Guided by our mission to cultivate entrepreneurship, we’ve established deep roots in Israel’s startup community. PICO Spaces, our co-working spaces in Tel Aviv and Jerusalem, are core to our identity as community builders. Our portfolio companies and other early-stage founders share these spaces with the PICO team to access our counsel and tap into the energy of these ecosystem hubs. Market Access As one of the few early-stage VCs in Israel with a team in New York, we provide a unique gateway for our portfolio companies’ entry into the U.S. market. The team activates their network for due diligence on ideas and recruiting key hires. Our business network across the U.S., Europe, and Asia is a huge value-add for early-stage companies that quickly need to reach new customers and partners.