SK China has put $266m into a new fund launched by Legend Capital that will focus on early-stage companies in the IT and healthcare sectors.
SK China, a local subsidiary of South Korea-based telecoms conglomerate SK Group, has put ₩300m ($266m) into a fund created by Legend Capital, the VC firm formed by conglomerate Legend Holdings, China Money Network reported today.
The size of the fund has not been confirmed, though China Money Network indicated SK China had contributed half of the targeted capital.
The fund will focus on early-stage companies in the IT and healthcare industries based in China and across Asia. SK China…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
