AI CAPITAL INTELLIGENCE
Capital 49 | Institution profile
Institution at a glance
Capital 49 is a venture fund backed by Airwallex’s founders. It says it invests in fintech, e-commerce, AI, and B2B software, drawing on the team’s operating and investment experience.
Source verification date: · Capital 49’s website supplies the fund background, sectors, team and general contact. Partner Christopher Cheng publicly said the firm backed Avoca’s Series B. Avoca separately reported more than $125 million raised across Seed through Series B; that is the company’s cumulative total, not Capital 49’s individual contribution.
Recorded financing connections
- Avoca AI2026-04-27 · Multiple rounds · Lower bound: USD 125,000,000
These are recorded participations, not a complete portfolio or performance score.
Names follow their disclosed form. Descriptive English renderings of Chinese names are not verified legal names. Original quotations are shown in their source language.
Key facts
| Fund background | Capital 49 describes itself as a new venture fund backed by the founders of Airwallex. |
|---|---|
| Investment focus | Fintech, e-commerce, artificial intelligence, and B2B software. |
| Team experience | The team’s published biographies cover company building, investment banking, private equity, SoftBank Vision Fund, Obvious Ventures, 468 Capital, Sapphire Ventures, and Goldman Sachs. |
Management and roles
- Capital 49 · Jack Zhang — Founder
Current role (as reported in the cited source)
- Capital 49 · Christopher Cheng — Partner
Current role (as reported in the cited source)
- Capital 49 · Philipp Seifert — Partner
Current role (as reported in the cited source)
- Capital 49 · Kai Wu — Partner
Current role (as reported in the cited source)
Public record
- Christopher Cheng said publicly that Capital 49 backed Avoca’s Series B; the post does not state Capital 49’s individual contribution.
- Avoca reported more than $125 million raised across Seed, Series A, and Series B. This cumulative company total is not an amount attributed to Capital 49.
Official contact details
- Capital 49 official website: Capital 49
- Public general contact: info@capital49.com
Sources
- 1. Capital 49 partner post on Avoca’s Series B
Capital 49 is backing Avoca in their Series B raise.
- 2. Avoca — Series B and cumulative fundraising disclosure
more than $125 million across Seed, Series A, and Series B.
- 3. Capital 49 — fund background and investment focus
A new venture fund backed by the founders of Airwallex
- 4. Capital 49 — team
Chris leads Capital 49’s investment strategy.