
China’s Linear Capital adds partner

China’s Linear Capital has promoted Songyan Huang, a managing director of the venture capital firm, to partner.
Huang’s first job was as a data scientist at China’s tech giant Huawei. His investment career started at local private equity firm Chentao Capital before moving to Linear in 2017.
At Linear, Huang has been responsible for investments related to hard technology. He led investments in industrial robots specialist Agile Robots, smart thermoelectric energy solutions provider All Sense, chip developer HexaFlake, construction robotics company We-i-build, and agriculture data platform Ican Technology.
In a statement, Linear stated that it is recruiting investors with openings for several positions, including principals and senior principals.
The firm announced a USD500m final close for its fifth US dollar-denominated fund and its second opportunity fund in January last year. That brought total asset under management to USD 2bn.
The fundraising process began in October 2021, and both vehicles were oversubscribed by mid-November that year. LPs include university endowments, sovereign wealth funds, pension funds, foundations, family offices, and fund-of-funds.
The firm raised USD 200m for its fourth US dollar fund in 2020 and USD 70m for its third in 2018. It invests mostly in the angel to Series A stages, with ticket sizes of USD 3m-USD 8m.
Founded in 2014, Linear focuses on data application, data infrastructure, and frontier technology-related start-ups; it has backed more than 120 to date. They include Horizon Robotics, a supplier of hardware for autonomous driving technology, Tongdun, a risk management specialist, Kukiale, a home decoration software start-up, and Rokid, a robotics business.
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