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China’s Meridian Capital closes its sixth RMB fund at $329m
Beijing, China. Source: Li Yang/Unsplash
May 21, 2021
Meridian Capital China, a leading TMT-focused venture capital firm, has completed fundraising for its sixth yuan fund at an aggregate of 2.12 billion yuan ($329 million), per its announcement on May 20.
The vehicle received capital commitments from state-owned development funds, local government-led industry funds, funds of funds, insurance groups and conglomerates.
In the statement, Meridian Capital said it expects to secure over 3.3 billion yuan ($513 million) for its new funds launched in 2021, including a closed angel fund and a soon-to-be-closed industry fund.
Going forward, Meridian Capital will continue to bet big on new consumption and technology sectors.
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