Companies We Back

We focus on ambitious Series B and C technology companies navigating cross-border growth, complex geopolitical landscapes, and high-value exit pathways.

Where We Focus Our Capital

Pegastone targets TMT companies at a proven inflection point — mainly Series B, with demonstrated traction but facing the specific challenges of cross-border scaling, regulatory navigation, and technology differentiation that our platform is uniquely built to solve.

Our Milestone-Linked JV structure aligns incentives precisely with founders, creating measurable value creation milestones that traditional minority investments lack. We significantly accelerate geographic expansion for portfolio companies post-investment.

Peer Validation
"Pegastone turns geopolitical headaches into global wins — trusted, tactical, transformative."
Stage

Series B & C

Companies with proven product-market fit, initial revenue traction, and clear ambitions for their next growth milestone.

Geography

C2G Expansion

Technology companies originating in Greater China seeking to expand into Southeast Asia, Europe, and North American markets.

Horizon

3–5 Year Exit

IPO-ready or premium acquisition targets within our fund lifecycle, with entry multiples capped at 8–10× EBITDA.

Sectors

AI, Quantum, TMT

Seven high-conviction sectors projected to grow at 25–40% CAGR through 2030: AI, crypto, HPC, quantum, edge, cybersecurity, tokenization.

Portfolio Companies

Series B Artificial Intelligence

Portfolio Company A

A sovereign enterprise AI platform enabling large-scale model deployment and inference optimization for Asian enterprises and governments. Expanding across Southeast Asian markets.

Series A Blockchain

Portfolio Company B

A tokenization infrastructure platform enabling EdgeAI, real-time inference and low-latency CDN across global markets, with a growing pipeline of digital native clients seeking cost effective infrastructure.

Series B HPC

Portfolio Company C

A high-performance computing infrastructure provider specializing in GPU cluster orchestration for AI model training. Executing a C2G strategy from Hong Kong into Southeast Asian data center markets.

How We Structure Our Investments

Pathway A

PE Operator / OpsCo

Milestone-Linked Joint Venture where Pegastone takes significant equity and direct operational control. Our partners embed in the business, driving measurable value creation milestones agreed in the term sheet.

  • 2–4% management fee on invested capital
  • 30% carry on profits at exit
  • Direct equity stakes in portfolio
  • Hands-on 100-day operational plan
Pathway B

Strategic Investor / InvestCo

Strategic minority investment with board representation and active advisory involvement, or financial investment with advisory mandates tied to capital-raising milestones and value-creation events.

  • B1: Passive minority (<5%), no board seat
  • B2: Strategic (>5%) with board seat
  • B3: Financial Advisor, FA commission
  • HK$10–50M per investment

Is Your Company a Fit?

If you lead a Series B or C TMT company with cross-border expansion ambitions, we want to connect. Pegastone brings more than capital — we bring the expertise to make your global ambitions a reality.