Menlo Park, California-based Redpoint Ventures is seeking to raise $300 million for its second flagship China fund and $100 million for an opportunity fund that will focus on Chinese tech startups.
Redpoint raised $180 million from 25 LPs for its first ACE Redpoint Ventures China fund in 2016.
The funds will be led by Partner David Yuan, who heads up Redpoint China, which he launched in 2005, and Partner Reggie Zhang. The firm operates from offices in Beijing and Shanghai.
Yuan’s Redpoint bio says he led the firm’s investment in Cgen Media (which was acquired by Focus Media) and Qihoo 360 (which went public on the NYSE), as well as 51.com, Miaozhen and Domob (acquired by Blue Focus).
Separately, Redpoint last year closed its seventh main fund with $400 million in commitments, the same size as its previous fund.