[Updated] Tsingyuan Ventures to raise Fund II with $100m hard cap, targeting early-stage US, China startups

Editor’s note: This story has been updated with responses from Tsingyuan Ventures that were received on April 14. The firm told DealStreetAsia that the Fund II targets to raise $70 million, while the $100 million indicated in an SEC filing is its hard cap. To date, Tsingyuan has amassed up to $80 million in capital commitments for the new vehicle.

Tsingyuan Ventures, a California-based, technology-focused venture fund, is in the market raising a new fund, Tsingyuan Ventures II LP, to invest in early-stage, cross-disciplinary ventures with a focus on the US and China.