CTC Capital raises $541m

The Shanghai-based venture capital firm has closed its latest fund in the semiconductor industry.

Fund name: CTC Capital RMB Capital Fund III
Amount raised: 3.5 billion yuan
Stage of fundraising: Final close
Final close date: April 2021

CTC Capital has closed its CTC Capital RMB Capital Fund III at $3.5 billion yuan ($540.9 million; €445.8 million). The fund will invest in the TMT sector in China.