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.
