VC firm Qiming Venture Partners has closed its Fund IV at $500m after Mayo Clinic returned as a limited partner.
China-based venture capital firm Qiming Venture Partners has closed its fourth fund having raised $500m from limited partners including US-based medical practice Mayo Clinic.
Other LPs included Princeton University, Robert Wood Johnson Foundation, New York University, Pantheon Ventures, Commonfund, Emerald Hill, UTIMCO, which acts as the university venturing unit for the University of Texas, and Dietrich Foundation, all of which returned as existing investors, as well as MIT and University of Pittsburgh Medical Center.
Founded in 2006, Qiming now has…
