Chinese VC Yunqi Partners targets to raise $275m for third fund

Shanghai, China

Yunqi Partners, a Chinese venture capital firm that primarily backs early and middle-stage startups, is targeting to raise up to $275 million for its third fund, Yun Qi Partners III, according to a filing with the U.S. Securities and Exchange Commission (SEC) on August 26.

The company has yet to raise any capital commitments for the new fund and it intends to complete the fundraising in no more than one year, the filing indicates.

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