China’s K2VC closes $150m growth-stage RMB fund
K2VC, a Chinese early stage VC firm, has closed a new renminbi-denominated fund worth RMB1 billion ($150 million). It will target investments in growth-stage Chinese start-ups.
The vehicle - Xian Feng Qi Yun - will invest in technology, media and telecommunication (TMT), as well as healthcare companies. It looks to deploy RMB30 - RMB100 million in each round, typically in Series...
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