# Hummingbird Ventures

> Hummingbird Ventures's investments in AI tools on Anchor Terminal, Airwallex, Conway Research (maker of Underdog) and Conway Research, with each listing's grade and the founders behind it.

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- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)
- Updated: 2026-10-28

Venture firm.

Website: https://hummingbird.vc

## Companies on Anchor Terminal

- **Airwallex**, Series H, June 2026, through Hummingbird
  - [Airwallex Spend and Issuing](https://www.anchorterminal.com/tools/airwallex.md), graded B, 68.3/100
  - Source: https://www.airwallex.com/global/newsroom/airwallex-secures-320-million-in-series-h-funding-valuation-hits-11-billion
- **Conway Research (maker of Underdog)**, First round, April 2026, through Hummingbird
  - [Underdog](https://www.anchorterminal.com/tools/underdog.md), graded F, 30.1/100
  - Source: https://underdog.ai/backers
- **Conway Research**, First round, April 2026, through Hummingbird
  - [Underdog Bark 3.0](https://www.anchorterminal.com/tools/underdog-bark-3.md), graded D, 48.2/100
  - Source: https://underdog.ai/backers

## Where they invest

- Spend management & procurement, 1
- Local AI, 1
- Speech-to-text, 1

## Founders they backed

- [Jack Zhang](https://www.anchorterminal.com/people/jack-zhang/), Airwallex
- [Lucy Yueting Liu](https://www.anchorterminal.com/people/lucy-yueting-liu/), Airwallex
- [Jacob Dai](https://www.anchorterminal.com/people/jacob-dai/), Airwallex
- [Max L.](https://www.anchorterminal.com/people/max-l/), Airwallex
- [Ki Lok Wong](https://www.anchorterminal.com/people/ki-lok-wong/), Airwallex
- [Sigil Wen](https://www.anchorterminal.com/people/sigil-wen/), Conway Research (maker of Underdog), Conway Research

## Questions

### Which AI tools has Hummingbird Ventures invested in?

Anchor Terminal lists Airwallex, Conway Research (maker of Underdog) and Conway Research backed by Hummingbird Ventures.

### How are Hummingbird Ventures's companies graded?

On Anchor Terminal's benchmark, Airwallex Spend and Issuing (B, 68.3), Underdog (F, 30.1) and Underdog Bark 3.0 (D, 48.2).

Investors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source. An investor isn't a sign of quality, and nobody can pay to be listed or to change a grade. To correct something or have a page removed, write to privacy@anchorterminal.com.

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