Volcanics Ventures targets $278m

The Shanghai-based venture capital firm has launched its second flagship fund.

Fund name: Volcanic Rock II Fund
Target size: $278 million
Launch date: January 2021

Volcanics Ventures has launched Volcanic Rock II Fund with a target of $1.8 billion yuan ($278.5 million; €226.9 million). Capital raised by the vehicle will be used to invest in healthcare, technology, media and telecom sectors in China.