The crowdfunding service, which has just secured $4m from angel investors, will seek to invest in foreign startups out of a corporate venturing fund that could reach $100m.

China-based crowdfunding website CTQuan is targeting $100m for a venture capital fund that will invest in early-stage companies outside its home country, TechCrunch reported on Friday.

CTQuan provides a service similar to the US-based AngelList, supplying both information and access to dynamic investment vehicles that can be used unpublicised by individual corporate investors.

The company has already worked as a broker for China-based businesses wanting to invest internationally in startups, recently brokering the $20m acquisition of visual search technology developer…