Chinese VC firm INCE Capital closes second USD fund at nearly $700m


Source: dealstreetasia.com dealstreetasia.com

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INCE Capital, a venture capital firm with a focus on early to expansion stage startups, has made the final close of its second USD-denominated fund at about $700 million across two vehicles. In an official statement, the venture capitalist said that the two funds are dubbed INCE Capital Partners II, L.P. (Fund II) and INCE Opportunity Fund, L.P.. The firm made the first close last July after it secured $478 million in capital commitment. Apart from its existing limited partners (LPs) – university endowments, foundations, and funds of funds, a slew of new investors have made capital commitments in the...