trending Market Intelligence /marketintelligence/en/news-insights/trending/hd7xsNUDw8s8foMPnoBz8w2 content esgSubNav
In This List

Vertex Ventures China closes its largest-ever US dollar fund

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Vertex Ventures China closes its largest-ever US dollar fund

Vertex Ventures China closed a U.S. dollar-denominated fund targeting investments in China, DealStreetAsia reported.

The firm did not disclose the size of the fund but said it raised close to a combined 4 billion yuan for the fund and a separate renminbi-denominated fund that is yet to close, the report said.

The fund is the largest the firm has ever raised in China and was oversubscribed by overseas investors, the report said, citing the firm's managing director Tay Choon Chong.

The fund will invest in early and growth-stage startups, with a focus on semiconductor, artificial intelligence, enterprise services, healthcare and online education.

Vertex Ventures China is the China-focused venture capital arm of Singapore-based Vertex Venture Holdings Ltd.

As of Oct. 21, US$1 was equivalent to 7.08 yuan.