IDG Capital, an investment powerhouse that has backed about 1,000 tech firms globally, filed with the US Securities and Exchanges Commission (SEC) on Wednesday a new fundraise of $74 million for IDG Capital Project Fund II.
In September, DealStreetAsia had reported that the China-focused fund is in the market to raise up to $550 million for IDG Capital Project Fund IV. The Beijing-based firm was also in the market raising $688 million for IDG China Venture Capital Fund VI, shows an SEC filing from March.
