Apex Group appointed by leading Chinese VC Starlight Capital

Starlight Capital was founded in 2021 by Tao Tang who is the co-founder of Eastern Bell Capital. Starlight Capital, entrenched in Innovation for Efficiency, dedicates its investments on B2B enterprises services within the digital economy at an angle of early-stage opportunities. They are constantly searching for and assisting entrepreneurs in the logistic, supply chain, enterprise services, and retail technology industries for their future endeavours.

In the past 10 years, Tao Tang and his team have managed over 2 billion RMB AUM while they made investments in more than 70 portfolio companies, over ten of which have grown into unicorns.

Starlight Capital has successfully raised its very first RMB fund 4 months after they established. Currently, they are actively raising its first USD fund, which has attracted a lot of international institutional investors’ attention.

Apex has been appointed to provide Fund Administration and Corporate Services to Starlight’s latest funds. Fund administration is at the core of Apex’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology. Apex will support Starlight, using the eFront software solution which offers enhanced efficiency and reporting transparency through a robust and scalable platform.

Amber Lo, Head of Business Development, North Asia, Apex Group comments: “We are delighted to be supporting the Starlight Capital team with the launch and ongoing administration of their fund vehicles. This appointment demonstrates the flexibility of the Apex model and our comprehensive range of services which deliver seamless support for funds throughout all stages of their fundraising and investment lifecycle. Apex’s services will allow Starlight to focus on their core purpose: raising and investing capital in early-stage opportunities to grow China’s digital economy and generate returns for their investors.”

Tao Tang, Managing Partner, Starlight Capital further adds: “Apex’s single-source solution presents a compelling offering – allowing us to efficiently access all the fund and corporate services we require, through one service provider relationship. We have so far been impressed with the high quality of Apex’s services as well as the notable experience and responsiveness of the team. We look forward to continuing to work together on future funds and vehicles.”

About Starlight

Starlight Capital, a China-based venture capital firm, makes investments in enterprise B2B companies within the digital economy with a focus on early-stage opportunities. Investing within the themes of digital industrialization and industrial digitalization, Starlight is constantly searching for entrepreneurs who can innovate new business model or improve sector efficiency by leveraging both soft- and hard-technology. Target sectors for Starlight include logistic, supply chain, enterprise services, and retail technology.

Long-term cooperation and sustaining a mutually beneficial relationship with our partners are core values of the Starlight. We seek to further the digitalization of China's economy through our investments and relationships.

www.starlightvc.com

Press contact:

Antonia Powell Antonia.powell@apexfs.com