China’s Whale Capital achieves first close on food fund
Chinese consumer-focused VC firm Whale Capital has reached a first close of undisclosed size on its latest renminbi-denominated fund, which will specialise in the food industry. The target is CNY 500m (USD 73m).
Taiwan-founded food manufacturer Want-Want Holdings came in as an anchor LP, which led to the fund being called Want-Whale Technology Fund. Separately, Whale confirmed that another renminbi fund, with...
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