Danhua Capital, a Palo Alto, CA-based venture capital firm, raised $250m for its second fund.
According to a regulatory form filed with the SEC, Danhua Capital II, L.P. had a final target of $255m. 55 investors participated in the offering.
Led by Shoucheng Zhang, Founding Chairman, Andrew Gu, Founding Partner, Rachel Wan, Vice President, Dovey Wan, Managing Director and Kevin Ding, Managing Director, Danhua Capital invests primarily in early stage and growth stage companies with potentially disruptive technology/business model and operating in large markets. Areas of focus include AR/VR, Artificial Intelligence, Mobile Internet, Big Data, Cloud Computing, Robotics and other technologies.
The above mentioned team brings to portfolio companies a combination of education/research/entrepreneurship/capital market, extensive network in Silicon Valley and China, and knowledge in technologies.
The firm’s portfolio includes Meta, Optimizely, Cohesity, EverString, GoodData, 3DR, Survios, Lytro, Qeexo, GraphSQL, Zenreach, Trustlook, Flirtey, GrubMarket, Audacy, InsideMaps, String, Diassess, MailTime, Wish, Pilot.ai, NextInput, Epinomics and LoomAi.