Chinese VC firm XVC raises $330m for its second fund

City square in Beijing, China. Photo: Jimmy Chang/unsplash

Chinese venture capital firm XVC Venture Capital has raised about $330 million for its second fund XVC Fund II, according to the VC firm’s announcement on WeChat.

The new fund, which surpasses its fundraising target of $265 million, has capital commitments mainly from university endowments and family offices in the United States, Europe, and Asia.

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