FutureCap has closed its third USD fund at $100 million. The latest fund, along with other two USD funds and one RMB fund, contributes a total of $361 million to the firm’s AUM. Investors consist of charitable foundations, family funds, parent funds, new economic leaders and entrepreneurs. Financial groups and family funds in Europe also backed the fund.
Founded in 2014, the Beijing-based venture capital firm seeks investment opportunities in high-tech start-ups that focus on advanced manufacturing, intelligent mobility, AI, enterprise service, intelligent hardware, aerospace, medical instrument, and consumption upgrade.