InnoAngel Fund raises $51m

The Beijing-headquartered investment firm held a final close on its science and technology fund.

  • Fund name: Inno ChuangYijie Science and Technology Fund
  • Amount raised: 360 million yuan ($50.98 million; €46.62 million)
  • Stage of fundraising: Final close
  • Final close date: May 2020

InnoAngel Fund has held a final close on its latest Chinese venture capital fund. The Beijing-headquartered firm closed Inno ChuangYijie Science and Technology Fund on 360 million yuan ($50.98 million; €46.62 million). The vehicle will target the technology, media and telecommunications sectors in China.