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China's Qiming Venture Partners secures $3.2 billion in funding

Shanghai-headquartered venture capital firm, Qiming Venture Partners, has secured $3.2 billion in its latest fundraise. * The fund was raised as $2.5 billion in Fund VIII and $700 million in Fund VII. * The VC firm has invested in more than 480 companies with 70 becoming unicorns. * Its portfolio includes

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
China's Qiming Venture Partners secures $3.2 billion in funding
Photo by Mathieu Stern / Unsplash

Shanghai-headquartered venture capital firm, Qiming Venture Partners, has secured $3.2 billion in its latest fundraise.

  • The fund was raised as $2.5 billion in Fund VIII and $700 million in Fund VII.
  • The VC firm has invested in more than 480 companies with 70 becoming unicorns.
  • Its portfolio includes Xiaomi, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, APT Medical, Meituan, Bilibili, and Roborock.
  • Gary Rieschel founded Qiming in 2006 in Shanghai and the firm has raised $9.6 billion to date.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi

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