Blue Lake reaches $120m first close on China VC fund
Blue Lake Capital, a China-focused VC firm led by two former GGV Capital and Sequoia Capital executives, has reached a first close of more than $120 million on its second early-stage fund. The full target is $200 million.
Blue Lake Capital Fund II, which was launched in March, received commitments from foundations, family offices and fund-of-funds in the US and Asia, according to a source familiar with the situation. The...
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