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AngelHub

Hong KongANGELHUB
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Dossier Summary

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Classification
Slugangelhub
HQHong Kong
Stage FocusAngelHub invests across Series A-C with a sector agnostic…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

AngelHub is basically the regulatory good guys who figured out how to play by Hong Kong's strict SFC rules while most others are still stuck in gray zones. They scored a 19x return on The Sandbox exit and have a solid 2.1x equity multiplier across their portfolio. The two female founders are legit - Karen's got serious finance chops from JPM and Karena literally rewrote Hong Kong's crowdfunding regulations. But here's the thing: they're essentially a deal-by-deal SPV platform, not a traditional VC fund, so don't expect hands-on operational support or board seats. They vet hard (less than 5% of deals make it to their platform) but once you're in, you're mostly on your own. Good for founders who want institutional-grade investors without the typical VC drama.

KEY TAKEAWAYS
  • Best for: Series A-C companies wanting access to regulated HK professional investors
  • Watch out for: Limited post-investment support - it's more platform than traditional VC
  • Known for: Strong regulatory compliance and solid exits (19x on Sandbox)
Investment Thesis

AngelHub is Hong Kong's first and only SFC-licensed growth venture investment platform, enabling professional investors to co-invest on a deal-by-deal basis into early and growth stage startups across the APAC region. They focus on Web3, FinTech, ESG, and Industry 4.0 sectors.

Stage & Sector Focus

AngelHub invests across Series A-C with a sector agnostic approach, though they now focus particularly on Web3, FinTech, ESG and Industry 4.0. They've vetted 2,200+ companies and made 25 investments spanning from Series A to unicorn level.

Notable Portfolio
WeLabAnimoca BrandsThe SandboxTinyTapLibertifyPomeloNeoSwapAntiverse
Key Partners
Karen Contet Farzam
Co-Founder & CEO

Former JP Morgan Exotic Equity Derivatives Trader who transitioned to tech, worked as Software Engineer for IoT startup, taught Front-End Web Development. She's a Techstars Community Leader, FrenchTech Ambassador, and founded WomenWhoCodeHK.

Karena Belin
Co-Founder & COO/CFO

Former P&G finance executive who co-founded WHub with Karen in 2013. She was instrumental in convincing Hong Kong regulators to approve the first SFC license for equity crowdfunding, literally changing regulatory textbook answers from 'no' to 'yes'.

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