DT Capital raises $221 million for RMB fund
DT Capital Partners, the China-focused VC firm, has reportedly raised RMB1.5 billion ($221 million) for its new RMB Fund, exceeding its original target, cited as RMB1 billion ($147 million) when the firm started to raise capital at end 2009.
Silicon Valley Bank was one of the investors in the fund. Managing Partner Zhao Jun said publicly that local governments in China will help widen its deal sourcing network. DT currently manages over $500...
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