Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation
TAIPEI, TAIWAN – Media OutReach Newswire – 3 November 2026 – Ondine Capital today announced the successful first close of its third USD-denominated VC fund. Ondine Capital Fund III has secured commitments from top-tier institutional and strategic limited partners, including several leading semiconductor enterprises in Taiwan. Ondine Capital's newly appointed partner: Brian Yen Building on the…
TAIPEI, TAIWAN - November 3, 2026 - Venture capital firm Ondine Capital announced the successful completion of its third VC fund, Fund III, which has attracted commitments from prominent institutional and strategic partners in the semiconductor industry. Fund III will concentrate on investments across the AI value chain, from foundation models and next-generation semiconductors to AI infrastructure and physical AI applications.
Key portfolio companies include Recursive Superintelligence, led by former Salesforce Chief Scientist Richard Socher, Bot Auto, founded by Xiaodi Hou, and Salience Labs, which develops silicon-photonics technology for AI data centers. Ondine Capital also announced the addition of Brian Yen as a Partner, leveraging his extensive network in Japan, Taiwan, and Southeast Asia to bolster the firm's global reach.
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