China's Eminence closes USD Fund II at $120m to focus on enterprise software

Photo: Internet Archive

Eminence Ventures, which invests in early-stage enterprise software and cloud computing startups in China, has reached the final close of its second US dollar fund at $120 million, bringing the firm’s total assets under management (AUM) to nearly $200 million.

The second US dollar fund attracted backing from Silicon Valley’s Emergence Capital, and Hong Kong’s fund-of-funds (FOF) platform Unicorn Capital Partners, the firm announced in a recent statement. Other institutional investors in Asia and the US, including university endowments, charitable foundations, sovereign wealth funds, and family offices, also invested in the new fund.

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