China Creation Ventures, a Beijing, China-based venture capital firm, closed its second USD fund, at over $300m.
The fund will continue to focus on early to expansion stage investments in China, including cutting-edge technologies, AI, digital healthcare, new enterprise digitization, and new generations.
In addition to the support of existing LPs of the USD Fund I, the new fund of CCV was raised from institutional investors including top endowment funds, pension funds, FoFs, insurance funds, family offices, and other institutional investors from North America, Europe, and pan-Asian regions.
This is the third fund of CCV, since its establishment in 2017. In three years, the firm has seen the IPO exits of multiple early-stage deals like Wanka Online (HKSE.01762) and Quecheng Siliconization. Many other portfolios, including JD Digits, Ice Kredit, Himalaya, Shukun Technology, and Perfect Corp. are growing rapidly.
CCV was founded by Zhou Wei, the former KPCB China Managing Partner, together with the TMT investment team led by him.