angel investment

Multicoin Cap

2026-10-10 15:55:25

Kyle Samani says his largest personal angel investment is in Backpack

Multicoin co-founder Kyle Samani said on Oct. 10 that the largest angel investment he has made personally went to Backpack. The disclosure came in a post on X and adds to Backpack’s earlier announcement on Sept. 2 that Samani had joined the board of Backpack US. Backpack had described Samani as a Multicoin Capital co-founder and an early Solana investor. The company said the appointment reflected a shared view between both sides on where global finance is headed: combining institution-grade risk controls with the efficiency and transparency of onchain markets. Samani has long focused on DeFi, blockchain infrastructure, and global capital markets, according to the information cited in the announcement.

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Yin Fangming

2026-08-23 07:18:11

Yin Fangming, Unitree’s earliest backer, takes chairman role at Galaxy General

Unitree Technology’s Aug. 19 listing on China’s A-share market has brought fresh attention to one of its earliest and most consequential supporters: Yin Fangming. In 2016, when founder Wang Xingxing struggled to raise money for Unitree’s early quadruped robotics effort, Yin invested RMB 2 million for a 15% stake. Based on the IPO issue price and subsequent stake transfers, that investment is now estimated to have generated roughly RMB 280 million in total returns, more than 140 times the original capital. Yin is not only an investor tied to Unitree’s formative days. Public filing updates show he became chairman of embodied AI company Galaxy General on July 21, 2026, replacing former chairman Guo Xiaoliang. Galaxy General, founded in May 2023, has reportedly raised more than RMB 6.96 billion in three years and reached a valuation above RMB 20 billion, making it one of the highest-valued unlisted embodied AI companies in China. The move adds another chapter to a career that spans Android ROM development at MediaTek, mobile product leadership at Sogou, the launch of 360 Mobile Assistant and 360 Portable WiFi at Qihoo 360, the founding of robotics startup ROOBO, and investments across robotics, energy and commercial space. While ROOBO later ran into operational and legal troubles, Yin’s early bet on Unitree and his new role at Galaxy General have again put him at the center of China’s embodied robotics story.

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