Walden Venture closes China VC fund at $122.6m, short of $250m target

Chinese Yuan bank notes. Photo: Bloomberg

Walden International, one of the pioneers in venture investing in China, has closed its China-focused venture capital fund at just $122.6 million, less than half of its $250-million target, according to its filing with the US Securities and Exchange Commission.

The fund – China Walden Venture Investments III LP – received commitments from 23 investors since its launch in 2017.

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