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New $66m Chinese fund to put money into Western European personal data start-ups - PC Retail

New $66m Chinese fund to put money into Western European personal data start-ups

CZ Investments is looking at for start-ups in BioTech, Manufacturing, and Digital Technologies focusing on the personal data economy.
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Dr. Xiao Ma

Dr. Xiao Ma

CZ Investments, a new $66 million fund backed by Touchstone Capital and the Chinese Government, has announced a partnership with the HAT Data Exchange (HATDeX), which will see it put money into Western European start-ups focussing on personal data.

CZ Investments is looking at three investment categories: BioTech, Manufacturing, and Digital Technologies focusing on the personal data economy.

A healthy portion of the fund’s inaugural capital will be put into HAT-based innovations, as the data exchange, digital insight, and artificial intelligence landscapes evolve over the coming investment cycle.

HATDeX founder and University of Warwick Senior Fellow Dr. Xiao Ma has been tapped to join the investment board of CZ Investments and as the fund’s only scale-up-focused partner, is committing to investments in decentralised personal data projects built on Hub of All Things (HAT) micro-server technology.

Investments will be made through HAT-affiliated organisations, challenging Watson, Alexa, and Google with machine learning that can come from any data scientist in the world and run privately on a person’s most intimate data – their memories, health records, spending, and locations.

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