<article>Chinese investment bank ARC Group has launched a venture capital fund at $20 million, it announced on Tuesday.
The VC fund, dubbed ARC Group Ventures, seeks to fund technology-focused startups and help them to go public.</article>

Chinese investment bank ARC Group has launched a venture capital fund at $20 million, it announced on Tuesday.
The VC fund, dubbed ARC Group Ventures, seeks to fund technology-focused startups and help them to go public.
The firm raised a similar corpus for its opportunity fund in November last year to invest in sponsors seeking to create new special purpose acquisition companies (SPACs).
To date, the fund has signed commitments with two undisclosed startups, it said.
With headquarters in Shanghai and branches in China’s Shenzhen and Wuhan, as well as Mexico, Singapore and Jakarta, ARC Group offers SPAC and IPO advisory services.
Besides, it also provides investment banking and advisory services in areas of equity financing, and debt financing, among others.
Last month ARC acquired Norient Advisors, a provider of advisory services in the M&amp;A space between Asia and Scandinavia.
&#8220;We encourage companies around the world within sectors such as fintech, SaaS, new energy and mobility to plan their expansion,&#8221; said ARC Group fund manager Jesus Hoyos in a statement.

Chinese investment bank ARC Group sets up $20m VC fund

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Chinese investment bank ARC Group sets up $20m VC fund

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