Cycle Capital, Qingdao hold first close of industrial tech fund
Cycle Capital Management and Qingdao City Construction Investment Group have held the first close the Qingdao Chengtou Haisi Cycle Equity Investment Fund. The RMB 600 million ($116 million) fund, launched in 2014, will invest in growth-stage industrial technology companies located in China, Canada and elsewhere in North America. It has already made its debut investment, deploying RMB 50 million to Haier-Ririshun Lejia, an affiliate of Qingdao-based consumer electronics and home appliances company Haier. Cycle is a Montréal-based clean technology venture capital firm.
12 December 2017•4 mins read
