Tsingyuan Ventures raises $51.7 mln venture-capital fund

Tsingyuan Ventures has raised a $51.7 million venture-capital fund, according to a filing with the SEC.

The seed and A-round fund based in Los Altos, CA, is a successor to the TEEC Angel Fund. Part of its strategy is a joint Chinese and United States focus.

The fund attracted capital from 93 LPs.

The filing is here.