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Simon Wu

Partner at Cathay Innovation

Simon Wu is a key figure in the US investment operations at Cathay Innovation, a renowned global venture capital firm with a substantial $2.5 billion in assets under management. His investment focus areas at Cathay Innovation encompass software, fintech, digital healthcare, and consumer sectors within the US market. Prior to his role at Cathay Innovation, Simon honed his expertise during a four-year tenure at VMware as a Manager in the Strategy & Corporate Development team, concentrating on investments, mergers and acquisitions, and strategic initiatives. His career trajectory includes a stint at UBS within the Investment Banking division, specifically in the Technology group, where he specialized in providing counsel on M&A transactions, equity offerings, and debt capital raises.

Simon's academic journey includes serving as a UC Regent and Chancellor’s Scholar at the esteemed University of California, Berkeley. He achieved a Bachelor of Science in Business Administration from the prestigious Haas School of Business and a Bachelor of Arts in Operations Research and Management Science. In recognition of his contributions to the venture capital landscape, Simon was distinguished as one of the 40 Under 40 Rising VC Stars by the Venture Capital Journal in 2020. As an individual deeply committed to professional growth and development, Simon is affiliated with several notable organizations, where he has held leadership and board member positions across various Series A and B rounds, covering companies such as Ghost, Unsupervised, ZenBusiness PBC, Skan.ai, Sidecar Health, Terminal, Peek.com, FollowAnalytics, Chime, and Quantifind.

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)

Simon Wu
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Location

San Francisco, California, United States