Chinese venture capital firm 5Y Capital is seeking to raise a new fund with a target size of about $600 million, according to ChainCatcher, which cited people familiar with the matter. The fundraising is expected to begin later this year, and the firm plans to complete the process in early 2027. The people asked not to be identified because the information has not been made public.
5Y Capital is an early investor in Chinese technology companies including Moonshot AI and Xiaomi. The new vehicle would place the firm among a group of fund managers focused on the Chinese market that are pitching fresh startup investment opportunities to investors. No further fundraising details were disclosed in the report.
Chinese venture capital firm 5Y Capital is seeking to raise a new fund with a target of about $600 million, according to ChainCatcher, citing people familiar with the matter.
The fundraising is expected to start later this year, and the firm plans to complete the raise in early 2027.
5Y Capital was an early investor in Chinese technology companies including Moonshot AI and Xiaomi. The fundraising would also put the firm among a group of China-focused fund managers pitching new startup investment opportunities to investors.
The people cited in the report requested anonymity because the information has not been made public.
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