The NX Fund, also known as Neixiang Fund, has completed the first close of its maiden US dollar-denominated fund to invest exclusively in early-stage consumer brands and products, it said in an announcement.
Major investors of NX Fund’s first RMB-denominated fund re-upped in this fund, while new investors including top investment institutions and entrepreneurs participated in the fund, the release added, without divulging any names. The financial details of the USD-denominated fund were also not disclosed.
