China's TMT-focused investor XVC seeks to raise $325m for third venture fund

Shanghai, China. Photo by Li Yang on Unsplash

XVC, a Beijing-based venture capital firm, targets to raise $325 million for its third US dollar-denominated venture fund, XVC Fund III, its filing with the US Securities and Exchange Commission showed.

The filing comes two years after the Chinese venture investor raised about $330 million for its second fund, surpassing a $265-million target. XVC did not specify the target closing date for the third fund but said the offering will not last more than one year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter