Qiming raises $3.2b across dollar, renminbi funds
China-focused VC firm Qiming Venture Partners has closed its eighth US dollar-denominated fund at the hard cap of USD 2.5bn – more than twice the size of the previous vintage – and raised CNY 4.7bn (USD 701m) for its latest renminbi vehicle.
Healthcare has become an increasingly significant part of the firm’s strategy over several vintages, to the point that Fund VIII has been split in two: a core fund to be deployed in early and growth-stage...
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