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Switzerland's Convergence Partners seeks €150M for 1st tech fund

Convergence Partners AG is looking to raise €150 million for its first fund targeting technology companies, WSJ Pro reported.

A document reviewed by the publication indicates Convergence may set a cap of €200 million for the fund, which aims to help technology companies in Switzerland, Germany and Austria expand in China.

The Switzerland-based venture capital firm backs central European companies with a focus on business-to-business industrial technology and health technology, according to its website.