Redpoint China Ventures has completed the closing of two new funds totalling USD400 million in committed capital – the USD300 million China II Fund for early-stage investments and the USD100 million Opportunity Fund for growth investments.
Both funds will focus on consumer, enterprise and emerging frontier tech startups based in China.
With offices in Beijing and Shanghai, Redpoint China Ventures leverages its deep local expertise and access to Redpoint’s global network to help entrepreneurs in China build exceptional companies across borders. Redpoint entered the China market in 2005 to invest in China’s growing class of serial entrepreneurs and was an early investor in companies such as CGEN Digital Media (acquired by Focus Media 2007), Qihoo (NYSE IPO 2011), iDreamSky (Nasdaq IPO 2014), and Domob (acquired by Blue Focus 2015). Redpoint China Ventures raised its inaugural USD180 Million China I fund in 2016 and has since grown into a full-function investment, portfolio management and operations team with close to 20 professional staff.
“We are excited to continue helping some of China’s most compelling founders build successful companies with a global viewpoint and customer base,” says David Yuan, founder and managing partner, Redpoint China Ventures. “China has one of the most robust technology startup ecosystems in the world, and we continue to see enormous investment opportunities here. We’re grateful to both returning and new LPs.”
“The US and China are two of the world’s largest markets for technology innovation, and Redpoint has seen first-hand how strong collaboration between our regions can help all our portfolio companies succeed through shared with access, insights, and connections,” says Satish Dhamaraj, partner Redpoint Ventures.
