China's early-stage VC Northern Light raises $700m for new USD, RMB funds

China's early-stage VC Northern Light raises $700m for new USD, RMB funds

Beijing, China. Source: Li Yang/Unsplash

Northern Light Venture Capital (NLVC), which backs early-stage startups in China and the US, is set to close an RMB-denominated and a US dollar fund with $700 million in total capital commitments to double down on investments in the world’s two largest economies, especially in China.

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