Chinese VC firm Bright Capital raises almost $140m for dual-currency fund series

Chinese VC firm Bright Capital raises almost $140m for dual-currency fund series

Photo: Eric Prouzet/Unsplash

Chinese venture capital (VC) firm Bright Capital has held the final closing of a new US dollar fund, bringing the total capital commitments for its third dual-currency fund series to 1 billion yuan ($139.3 million), it announced on Wednesday.

With the dry powder, Shenzhen-headquartered Bright Capital plans to double down on early-stage investments in the consumption and technology sectors where it has built a portfolio of over 50 companies, it said in a WeChat post.

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