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On.Capital
ON Capital invests in significant minority or controlling stakes in private companies based in China. The firm has made one investment, in BasiGo, as part of...
On.Capital
ON Capital invests in significant minority or controlling stakes in private companies based in China. The firm has made one investment, in BasiGo, as part of their Seed VC - III on November 16, 2022.
General information
Firm type
Generalist
Year founded
2021
AUM
Undisclosed
Location
Region
Asia
Country
France
City
Paris
Corporate office
Paris, France
Frequently asked questions
What is On.Capital's investment approach?
On.Capital operates as a generalist venture firm, deploying across pre-seed, seed, Series A, and growth-stage rounds without a sector mandate. This lets the team pursue opportunities in software, consumer, fintech, and industrial tech equally, rather than concentrating on a single vertical.
Who leads investment decisions at On.Capital?
The firm has not publicly disclosed its principals or investment committee. Its minimal web presence and absence from LinkedIn suggest the founders prefer to operate through direct networks rather than public branding, which is consistent with a relationship-driven sourcing model.
Does On.Capital participate in follow-on rounds?
Public record indicates the firm can follow its early-stage investments through Series B. This suggests a reserve allocation strategy that supports portfolio companies beyond the initial check, though specific follow-on terms are undisclosed.
Is On.Capital a single-family office or a traditional venture firm?
On.Capital is structured as a venture asset manager, not a family office. However, the firm's opaque structure and lack of disclosed fund vehicles suggest it may operate on a permanent-capital or patient-capital model that avoids the public fundraising cycle typical of European VC firms.
How does On.Capital source deals?
The firm's low public profile implies a reliance on founder referrals, operator networks, and direct outreach rather than inbound deal flow from a branded platform. This is typical of generalist firms that compete on relationship depth rather than marketing scale.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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