Ironfire Ventures

Ironfire Ventures is a cross-border venture capital fund founded in 2012, headquartered in San Francisco with an additional presence in Hong Kong. The firm was founded by Richard Chan, a serial entrepreneur who has invested in more than 70 early-stage companies, and is currently led by Managing Partner Jacky Chan. With a team of 27 members including three partners, Ironfire invests from seed to Series B in artificial intelligence, lifestyle and consumption upgrades, and frontier technology, with typical checks in the $1 million to $5 million range. The firm leads select rounds and provides in-house design and research services to its portfolio companies. The portfolio spans approximately 59 companies with 1 IPO and 18 acquisitions. The most significant exit is Scopely, a mobile gaming company acquired by Savvy Games Group for $4.9 billion. Caviar, the food delivery platform, was acquired by DoorDash. SkyKick, a cloud management platform, was acquired in September 2024. DayDayCook, a cooking and lifestyle platform, completed a SPAC listing. Ironfire led the $50.5 million Series B of Defined.ai alongside Hermes GPE and Mastercard. Other notable portfolio companies include Eight Sleep in smart mattress technology, Krisp in AI noise cancellation, Rain Neuromorphics in neuromorphic AI chips, NextVR in virtual reality broadcasting (acquired by Apple), Gradescope in AI grading (acquired by Turnitin), Boxbot in delivery robotics, Jimu in robotics, Sighthound in computer vision, and Launchmetrics in fashion analytics. The most recent investment was in Rain AI in May 2024. Ironfire Ventures bridges the US and Asia-Pacific technology markets, leveraging a cross-border network to identify companies with global market potential at early stages. The firm's design and research capabilities embedded within the fund provide a differentiated form of operational support that extends the value of its capital across the portfolio.