Walden international launches new China venture fund, eyes up to $250m


Global venture investor Walden International has launched a new fund targeted at China.

The firm is hoping to raise up to $250m for China Walden Venture Investments III, but has not yet registered any capital, according to a filing with the SEC.

If it hits its goal, it would comfortably beat the $150m the predecessor vehicle pulled in three years ago.

The strategy of the latest vehicle has not been confirmed, but previous funds focused on China have made investments in a number of expansion stage technology and electronics businesses in the region, including PNR Holdings and Meituan Corporation.

The firm boasts stakes in businesses across China, India, Korea, Singapore and the US. It has made 48 exits since its inception, and most recently invested in media platform business Tech In Asia.

News of the fundraise comes just months after it was reported that the firm was teaming up with China Everbright to raise a $500m fund aimed at the semiconductor and industrial IT industry.

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