Infinity Group, a cross border Chinese-Israeli-North American venture capital firm, has announced the establishment of a 200m RMB joint venture fund with Chengdu City, China.
The vehicle, managed by Infinity I-China, marks the the Infinity’s eighth joint venture fund in China this year. It will focus on mutual projects in clean tech, IT, agriculture, and technology incubators.
The company has also signed a Memoradum of Understanding of general cooperation with the Chengdu Municipal Government, which covers various areas including business communication and investment activities, finance, innovation and private equity as well as Chengdu’s technology incubator and park.
Infinity Group has offices in Tel Aviv, Hong Kong, Beijing, Shanghai, Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo, Tianjin and New York.