The Z Label, a tech-centric venture building group in Hong Kong, has raised $11.4m led by Beyond Ventures to build up a portfolio of products for global GenZ consumers.
The funding will be used for both developing products in-house and co-incubating with established groups and entrepreneurs across domains.
Learning from the successful venture building groups in the US such as Atomic Labs and CoLab, The Z Label on one hand supercharges its products with front-tier technologies such as AI, Big data, life and health technologies, spatial computing and blockchain.
On the other hand, The Z Label will partner up with corporate Hong Kong, supply chains, universities and distribution channels to enable early product-market-fit and compound growth commercially.
“We believe that prioritizing the latest technology at the forefront of our venture unlocks new growth possibilities,” said Ruby Cheng, Co-founder, The Z Label.
“Our model empowers brands to seize emerging opportunities through an agile ecosystem enriched with capital, resources, talent and a global network.”
Rebecca Leung, Co-founder, The Z Label, said: “Gen Z is born with great technological dexterity and is naturally drawn to value-driven consumption such as sustainability and giving back to communities. They just need a platform like The Z Label to thrive.”
Lap Man, Co-founder and Managing Partner, Beyond Ventures, said: “We firmly believe that Hong Kong has many innovative talents like The Z Label, who can inject new energy into Hong Kong’s startup ecosystem.”
