Vertex Ventures raises $375m so far for fifth China-focused fund

Vertex Ventures raises $375m so far for fifth China-focused fund

A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in Beijing

Temasek-backed venture capital firm Vertex Ventures China has raised at least $375 million so far for its fifth China-focused fund, its filing with the US Securities and Exchange Commission (SEC) shows.

According to the filing, Vertex Ventures China has already secured commitments from at least nine investors for Vertex Ventures China V LP, which was launched in December last year.

Edited by: Padma Priya

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