Cathay Innovation raises $550m for second fund, opens first SE Asia office

Cathay Innovation raises $550m for second fund, opens first SE Asia office

Nicolas Du Cray, Partner, Cathay Innovation

Cathay Innovation, a venture capital fund affiliated with Cathay Capital Private Equity, has raised $550 million for its second global vehicle to invest across Europe, China, the US and Southeast Asia.

The venture fund, which counts China’s Pinduoduo as one of its major investments in Asia, has also opened its first Southeast Asia office in Singapore.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter