Company
Technology company that acquired Baikemy
Every published round Bytedance took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Bytedance has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Bytedance, as distinct from the investments it has made.
Companies Bytedance has backed that another company then bought. An exit for the holding, not a deal Bytedance did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Bytedance is recorded as having been acquired. | ||||
Companies Bytedance acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Baikemy | Acquisition | undated | - | Square Peg Capital (24 Jun 2025), Square Peg Capital (24 Jun 2025) |
| Name | Role | Sources |
|---|---|---|
| Lars Weber | Executive (former) | Fintech News Australia, Startup Daily, SmartCompany |
Stories naming Bytedance. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Pengana's AI trust is now on the ASX as AIX after a $267 million IPO raise from wholesale investors, opening retail access to private AI companies; GCM Grosvenor manages the portfolio.
CDH Investments has closed a roughly USD 500m continuation vehicle holding six assets from its fifth China fund, led by ADIA; Sirtex Medical is among the positions.
Crunchbase's unicorn tracker analysis finds AI-driven valuations added over half a trillion dollars in months, reshuffling the top twenty and minting eleven new decacorns in H2 2025, including Figure, Kraken, Mistral and Sierra.
Melbourne payments provider Zeller is launching in Britain, its first overseas market, appointing ex-ByteDance executive Lars Weber to head new London operations and building a 40-strong local team.
Square Peg has backed NexusMD, a Melbourne startup using AI agents to cut hospital admin work, in a $6.3 million seed round; cofounder Mike Zhu earlier sold Baikemy Net to ByteDance.
Square Peg announces backing NexusMD, whose AI agents automate clinical documentation for emergency doctors. Founder Mike Zhu earlier started Baikemy, which Bytedance acquired.
HongShan Capital, formerly Sequoia Capital China, closed a $2.5 billion fund backed by Hangzhou's government and insurers; founder Neil Shen has also invested in startups Zhipu and Moonshot.