Chinese venture firm Insight Fund's debut fund secures $14.5m in first close

Chinese venture firm Insight Fund's debut fund secures $14.5m in first close

Stefanie Ying (left) and Sun Tingting (right), co-founders of Insight Fund.

Insight Fund, a newly-launched Chinese venture capital firm, has reached the first closing of its debut RMB-denominated fund, the company announced on Thursday.

The maiden fund, which plans to make equity investments in the consumption upgrade field, collected over 100 million yuan ($14.5 million) in the first closing. Limited partners (LPs) include global investment companies, listed firms, family offices, and individual investors.

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