Qiming Venture Partners raises $441m

The Shanghai-based venture capital firm has closed its sixth yuan-denominated fund.

Fund name: Qiming RMB Fund VI

Fund size: 2.85 billion yuan
Launch date: March 2020
Stage of fundraising: Final close
Predecessor fund: Qiming RMB Fund V (2.1 billion yuan)

Qiming Venture Partners completed fundraising for its sixth yuan-denominated fund, Qiming RMB Fund VI, on 2.85 billion yuan ($440.7 million; €362.9 million). Capital raised will target early and growth stage healthcare and TMT investments in China.