Qiming Venture Partners raises $1.1bn

The Shanghai-based investment firm has held a final close on its seventh venture capital vehicle.

  • Fund name: Qiming Venture Partners Fund VII
  • Amount raised: $1.1 billion
  • Target size: $1.1 billion
  • Stage of fundraising: Final close
  • Predecessor fund: Qiming Venture USD Fund VI ($935 million)

Qiming Venture Partners has held a final close on Qiming Venture Partners Fund VII on $1.1 billion. The vehicle will continue its predecessor’s strategy in targeting early stage healthcare and technology, media and telecommunications investments in China.