- Fund VIII focuses on early and growth-stage technology, consumer and healthcare investments
- Firm now manages $9.4 billion across 18 funds
- Qiming has backed more than 480 companies since inception in 2006
China-focused venture capital firm Qiming Venture Partners announced that it has closed two funds for a combined $3.2 billion, increasing the firm’s AUM to $9.4 billion across 18 funds.
Qiming Venture Partners Fund VIII raised $2.5 billion, while RMB Fund VII raised $700 million in its first close, the firm said in a statement. The names of limited partners were not disclosed.
Fund VIII was oversubscribed and reached its hard cap, the firm said. The fund focuses on early and growth-stage technology, consumer and healthcare investments. It is led by Managing Partners Duane Kuang, Nisa Leung, William Hu and Gary Rieschel.
Since its inception in 2006, Qiming has backed more than 480 companies, more than 70 of which have achieved unicorn status, the firm said.
Founded in 2006, Qiming Venture Partners has offices in Shanghai, Beijing, Suzhou, Hong Kong, Seattle, Boston and the San Francisco Bay Area.