InTeahouse, a Chinese-American fund and networking organization, has expanded to Europe with a new office in London (UK).
The brainchild of Xin Liu, a female entrepreneur and the founder of Hipower Energy Group, InTeahouse is inspired by the traditional Chinese teahouse, a place of networking and friendship, at the core of the most important business deals. Contrary to a typical venture capital, the organization is organized on multiple levels. The first level is the place itself, where startups and innovators are introduced in a friendly environment to international investors and their peers from other InTeahouses. The best seed-stage startups receive $70k and one-year free office space and support (InSeven program) while more advanced startups can gain access to series A+ funding.
Led by managing director Jose Estabil, formerly TT Ventures and MIT, InTeahouse manages a $120M fund which invests in fintech, robotics, and cleantech companies. The local Dàibiǎo (“Representative”) for the launch in London is Stefano Tresca, one of the founding members of Level39, the fintech and future cities tech accelerator based in Canary Wharf, and a veteran of startups and Asian business.
The organization has its headquarters in Cambridge (USA), with offices in San Francisco and China. It will also open an office in Munich, Germany.
The official launch announcement will be made on June 14th at Grosvenor House, London, during the China-UK Economic and Trade Cooperation Conference. The Party Secretary of Guangdong province will be leading a large delegation of official and business representatives to discuss investment and cooperation opportunities.
Registration for the event is now open here.