BA Capital announced the close of its third RMB-denominated fund while Horizon Ventures led a $48-million Series B round in AI firm Kneron. Separately, Leader Environmental Technologies has entered a definitive agreement with the special purpose vehicle of Chinese cleantech fund InnoVision Capital for a $15-million convertible bond investment.
BA Capital closes third RMB-denominated fund
Black Ant Capital, also known as BA Capital, has closed its third RMB-denominated fund at 2.5 billion yuan ($348.8 million), according to a report by Chinese online publication PEdaily.cn on Monday.
