Qiming Venture Partners hits final close of latest USD fund at $1.1b

Qiming Venture Partners hits final close of latest USD fund at $1.1b

Shanghai, China. Photo: Pen Tsai/unsplash

Chinese global venture capital firm Qiming Venture Partners on Thursday announced the closing of its dollar-denominated Qiming Venture Partners Fund VII at an aggregate of $1.1 billion. The USD fund will back early-stage investments in healthcare and TMT (technology, media, telecom) sectors.

The vehicle will particularly pursue bets in biopharma, medtech, diagnostics, healthcare services, information technology, artificial intelligence, enterprise services, consumer internet and e-commerce, Qiming said in a WeChat post.

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