WI Harper raises $175m Asia fund

WI Harper Fund VIII launched in 2014 with a target of $150 million; LPs include Taiwan's National Development Fund and Executive Yuan, along with Scottish Mortgage Investment Trust, according to AVCJ Research. With the latest close, WI Harper's total assets under management have reached $1 billion.

WI Harper seeks investment opportunities in technology, media and telecom - including industrial and consumer robotics, virtual reality, and big data analytics - and healthcare, including medical devices, pharmaceutical research, and technology-enabled health services. Portfolio companies include Taiwan business networking start-up HWTrek, China-based app search engine Quixey, and digital marketing service provider AdMaster.

Most of the fund's investments are expected to occur in Asia; 80% of the fund is earmarked for the region, with the rest planned for investments in the US. WI Harper seeks to help its portfolio companies secure cross-border collaboration and partnership opportunities. The firm maintains offices in San Francisco, Taipei and Beijing.

Recent fundraising activity in China's technology space include Innovation Works, which launched its third fund in January with a target of $250 million, and Qiming Venture Partners, which closed its fifth China VC fund at $648 million the same month.

Several GPs share WI Harper's cross-border focus. One of these, GGV Capital, recently closed its latest fund at $1.2 billion, spread across three vehicles targeting early and growth stage investments.

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• Topics
• Greater China
• Technology
• Healthcare
• Venture
• Fundraising
• China
• Taiwan (China)
• USA
• WI Harper Group
• TMT