Translink Capital, a venture capital firm that helps entrepreneurs develop customer connections and partnerships in Asia, is raising a new VC fund that will likely be China-focused.
In a filing with the US SEC, Translink Capital said it will raise funds for the China Mobility Fund, although it did not disclose how much it targets to raise.
DEALSTREETASIA has contacted Translink Capital about its latest fund and will update this report once the firm responds.
Translink Capital specializes in investments in seed, startups, and early and expansion stage companies. It prefers to invest in the IT, mobile, social and cloud applications, infrastructure and services, fintech, communications, and digital media sectors.
“Our engagement with portfolio companies goes far beyond our capital investment. We work directly with our portfolio companies to provide the crucial links necessary to establish meaningful Asian business relationships,” the firm says on its website.
Translink Capital has more than 50 companies in its portfolio and has made 17 exits so far. Since 2007, the firm raised four funds, with the latest fund, Translink Capital Partners IV, raising $107.5 million in January 2018.
The filing named Jackie Yang, the Silicon Valley-based co-founder and managing director of Translink Capital, as the manager of China Mobility Fund.
Before co-founding TransLink, Yang was the Senior Vice President at UMC Capital and was responsible for UMC’s investment activities in the United States and China. During his tenure at UMC Capital, he was the founding investor in Maxlinear, Montage Technology Group, and Parade Technologies.