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Novel TMT Ventures

Novel TMT Ventures Limited is a British Virgin Islands company which is wholly owned by Novel TMT Investments Limited. Novel TMT is the technology, media and telecom investment arm of the Hong Kong based Novel Group, the diversified investment group of Silas Chou and his family. Novel TMT, with approximately US$65 million under management, invests, through both public and private securities (both directly and indirectly), in TMT with a specific focus on consumer technologies and the video gaming sector. Its investments are concentrated in China and the United States. The company is managed by Andrew Fine, Luis Chou and Bruno Chou. The Novel Group is a diversified holding company, whose primary business is Novel Enterprises Limited, one of the world’s leading vertically-integrated textile and apparel manufacturers. The Group has also owned and built, among other companies, Tommy Hilfiger, Michael Kors, Dragon Airlines and Novel City (Shanghai).

Milestones

Investments

Company Date Round Size Participants
PlaySpan 8/10Series C$18M5
TuneWiki 2/10Series B$7M6
PlaySpan 11/08Series B$16.8M4
Mail.com Media Corporation 10/08Series D$35M3
PlaySpan 9/07Series A$6.5M4
K2 Network 6/07Series B$16M6

Videos

Sources

  1. Payment Platform PlaySpan Raises $18 Million From Vodafone, Softbank (paidcontent.org) [edit]
  2. Social Music Player TuneWiki Raises Funding From Motorola Ventures, Others (techcrunch.com) [edit]
  3. TechCrunch (techcrunch.com) [edit]
  4. Mail.com Raises $35 Million in Fourth Round (paidcontent.org) [edit]
  5. techcrunch.com [edit]
  6. K2 Network Secures $16M in Series B Funding led by Intel Capital (intel.com) [edit]
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Last Edited 1/31/11

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