publisher International Data Group's China-based corporate venturing unit floats Qihoo 360 Technology with first day pop and raises two funds.
IDG Capital Partners, US-based technology research and media publisher International Data Group’s China-based corporate venturing unit, has raised two funds with its venture capital partner, Accel Partners, and listed a portfolio company.
IDG-Accel has raised $1.3bn: a $550m fund for early-stage and fast-growing companies and a $750m fund for later-stage and pre-flotation investments. They will be called IDG-Accel China Growth Fund III and China Capital Fund II, respectively.
The first $310m IDG-Accel China Growth Fund was raised in July 2005 and managed by…
