The firm, whose previous backers have included Alibaba, Baidu and Tencent, has received an initial $110m for its fourth venture fund from a host of corporates.
China-based early-stage venture capital firm Linear Capital achieved the first close of $110m for its fourth fund on Thursday with limited partners (LPs) including a range of undisclosed corporates, according to DealStreetAsia.
Limited partners, all of which were unnamed, included all “major” existing LPs of the firm. The report noted money had come from an asset management firm, a fund of funds, investment institutions from across Asia, endowment funds and founders of a range of internet companies.
Founded in 2014,…
