Cash Capital, the venture arm of the Chinese Academy of Sciences Holdings, seeks $322m in new fund.

The venture arm of the Chinese Academy of Sciences Holdings, Cash Capital, is looking to raise $322m in its second fund.

The fund will focus on technology, media, and telecommunications startups at the seed and early-stage which utilise technology from the Chinese Academy of Sciences.

The fund will compliment Cash’s first fund, launched in 2011, which was worth $160m.