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Simon Wu

Investment professional with extensive experience in venture capital

Simon-IBD+ Wu is a Partner at Cathay Innovation, a global venture capital firm based in San Francisco. He has been with Cathay Innovation since September 2016, focusing on investments in various sectors, including software, fintech, and digital healthcare. Wu has played a significant role in leading Series A and B investments for several startups, including Chime, Ghost, and ZenBusiness PBC, among others.123

Before joining Cathay Innovation, Simon Wu spent nearly four years at VMware in the Strategy and Corporate Development team, where he was involved in acquisitions and investments in enterprise software sectors such as cloud computing and cybersecurity. His career also includes experience as an Investment Banking Analyst at UBS, where he advised technology companies on capital raises and mergers and acquisitions.13

Wu holds a Bachelor of Science in Business Administration from the Haas School of Business and a Bachelor of Arts in Operations Research and Management Science from the University of California, Berkeley.12

Highlights

Aug 28 · linkedin

🤔 Who said AI investments are not paying off?

🤖 Klarna highlighted that its investments towards and adoption of AI has driven considerable operating leverage through the first half, as gross profits increased 22% YoY, while adjusted operating expenses remained flat YoY!

📈 Who said consumer fintech is dead?

🤑 Klarna continues to win in the US, with Q2 marking the 7th consecutive quarter of profitability, with a 93% increase in gross profit in H1 2024. 💪 Klarna is now the partner of choice for 1 in 4 of the top 100 US merchants. After just five years (!!) Klarna has successfully recouped its investment in the US market, showcasing the scalability of the Klarna network.

Some amazing stats to prove the naysayers.

Jun 26 · linkedin

Sidecar Health is redefining healthcare insurance and it is working! They have been able to consistently deliver world class medical loss ratios while offering full coverage health plans at a 20% discount to traditional employer plans. And now large employers like Koch Industries are taking notice as they expand from Ohio and Georgia, to now Florida.

Amazing $165M milestone for Patrick Quigley, Veronica Osetinsky and the rest of the team as they continue this mission. Cathay Innovation is thrilled to continue to support Sidecar Health in its Series D financing!

cc: Denis Barrier Elijah Yi Jaclyn Gottlieb (Hartnett)

Related Questions

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Simon Wu
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Experience

Partner at Cathay Innovation
Board Member at Ghost, ZenBusiness PBC, Skan.ai, Sidecar Health, Unsupervised, Series B Lead at Chime, Peek.com; Series A co-lead & Board Observer at Terminal; Series B Investor & Board Observer at Fo at Trifacta (Jan 2018 - Feb 2022)

Location

San Francisco, California, United States