Hexing Electrical, CSD Environment, Hailang Group and SIG are among the limited partners in a $73m fund raised by Qiming spinoff Inspiration Capital.
Inspiration Capital, a spinoff from China-based venture capital firm Qiming Venture Partners, has closed a yuan-denominated fund at RMB500m ($73m) thanks to multiple corporate backers, according to DealStreetAsia.
Electrical equipment and services company Hexing Electrical, environmental services provider CSD Environment, copper processor Hailiang and quantitative trading firm SIG all backed the fund, the latter through the SIG Asset Management’s Growth FOF.
Shanghai Jiao Tong University and China Development Bank’s SDIC Unity Capital are also among the limited partners, as are…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
