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Stephenson Harwood advises Riverchain International Limited on its US$1.2 Million Seed and US$5 Million Series A funding rounds
Law firm Stephenson Harwood has advised Riverchain International Limited on its US$1.2 million seed investment round and subsequent US$5 million Series A funding round.
The seed investment round involved participation from the Republic Asia Ecosystem Fund earlier this year. The subsequent Series A funding round was led by Betatron Venture Group, a venture capital fund supporting early-stage B2B tech startups innovating in Asia’s largest industries.
On completion of these funding rounds, Riverchain will be well positioned to help bridge the liquidity gap for subcontractors across Hong Kong and Southeast Asia.
Riverchain is a Hong Kong-based fintech company which pioneers working capital solutions for the construction industry. The funding will support the company’s expansion across Hong Kong and Southeast Asia and its continued investment in its origination and distribution technology capabilities. Since January 2024, Riverchain has deployed over US$100 million in capital, supporting 115 public and private projects in Hong Kong — from large scale infrastructure initiatives including the Northern Metropolis in Hong Kong to landmark developments such as the iconic Kai Tak Sports Park.
These transactions highlight the firm’s deep expertise in cross-border venture capital financings, and the technology and financial services sectors. Hong Kong-based Corporate Partner Danny Kan led the Stephenson Harwood team advising on both transactions, with the seed investment round supported by Associates Michael Mok and Angela Ng, and the Series A funding round supported by Managing Associate Carol Mao and Associate Angela Ng.
