Rollingwave Capital

Anita So, the founder and Chief Investment Officer, personally directs investment decisions. She established the office in 2012 after the sale of Huabao International, the company her mother founded, and operates as the sole investment principal. There is no disclosed investment committee — So makes capital-allocation and deal decisions directly.

The capital originates from the sale of Huabao International, a Hong Kong-listed flavors and fragrances company founded by Chu Lam Yiu, Anita So's mother. The company was a dominant supplier to China's tobacco industry. The proceeds from its eventual sale formed the capital base for Rollingwave's technology investments.

Rollingwave pursues both direct early-stage investments and fund commitments as a limited partner. Direct investments target enterprise software, fintech, and digital health companies. On the fund side, the firm has committed to established venture managers including ZhenFund and GGV Capital, providing diversified exposure across stages and geographies.

Rollingwave focuses on early-stage venture rounds, primarily Series A through Series C, with both direct investments and fund commitments. Direct portfolio companies have included ForgeRock and Checkr. The firm does not publicly disclose participation in later-stage or buyout transactions.

Deal flow is sourced through Anita So's personal network of venture managers, co-investors, and entrepreneurs across Asia and North America. Her LP relationships with funds like ZhenFund and GGV Capital also provide visibility into their portfolio companies for potential co-investment. The firm does not operate a public scout or formal sourcing program.