Fundraisers

Qiming Venture Partners raises $942m

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

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Fund name: Qiming Venture Partners RMB Fund VII
Amount raised: 6.5 billion yuan
Stage of fundraising: Final close
Predecessor fund: Qiming Venture Partners RMB Fund VI

Qiming Venture Partners has held a final close on 6.5 billion yuan ($942 million; €856 million) for Qiming Venture Partners RMB Fund VII.

Capital raised for the fund will be used to invest with a venture capital strategy in the technology, media and telecommunications, healthcare, and consumer goods sectors in China. The predecessor fund, Qiming Venture Partners RMB Fund VI, held a final close on 2.85 billion yuan in January 2021.

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