Morningside secures $1b for China venture fund
Morningside Venture Capital, a China-focused early-stage VC firm, has raised approximately $1 billion for its latest US dollar-denominated fund. It represents a considerable step up in size from the GP’s previous vehicle, which closed at $660 million in 2015.
Morningside’s last two funds comprised three tranches: a core venture fund, a growth vehicle for later-stage investments, and a co-investment pool. The firm has not specified whether the new offering...
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