Native name | 啟明創投 |
---|---|
Type | Private |
Industry | Venture Capital |
Founded | 2006 |
Founder | Gary Rieschel Duane Kuang |
Headquarters | Jin Mao Tower, Shanghai, China |
Key people | Nisa Leung (Managing Partner)[1] |
Products | Investments |
AUM | US$9.5 billion (May 2023) |
Website | www.qimingvc.com |
Footnotes / references [2] |
Qiming Venture Partners (Chinese: 啟明創投; pinyin: Qǐmíng chuàngtóu) is a China based Venture capital firm. It primarily invests in Technology, Internet and Healthcare related companies across China.[3][4] It was an early investor in ByteDance, Xiaomi, Meituan and Bilibili.[3][1][5][6] According to South China Morning Post, from January 2019 to May 2020, it was the seventh most active venture capital firm in China.[7]
Background
Qiming Venture Partners was founded in 2006 by Gary Rieschel and Duane Kuang.[3][8][9][10] Rieschel and Kuang were previously with Softbank and Intel Capital respectively.[8][9] It is headquartered in Shanghai with offices in Beijing, Suzhou, Shenzhen and Hong Kong.[11] It mainly focuses on investments in China.[6][10] Investors include Princeton University, Duke University and the Robert Wood Johnson Foundation.[10]
In 2017, it set up its American branch, Qiming Venture Partners (USA).[12] The branch is headquartered in Seattle, Washington with offices in Cambridge, Massachusetts and San Francisco, California.[11]
Funds
USD Funds
Fund[13][5] | Vintage Year | Committed Capital ($m) |
---|---|---|
Qiming Venture Partners Fund I | 2006 | USD 193 |
Qiming Venture Partners Fund II | 2008 | USD 318 |
Qiming Venture Partners Fund III | 2011 | USD 450 |
Qiming Venture Partners Fund IV | 2014 | USD 500 |
Qiming Venture Partners Fund V | 2016 | USD 650 |
Qiming U.S. Healthcare Fund I | 2018 | USD 120 |
Qiming Venture Partners Fund VI | 2018 | USD 935 |
Qiming Venture Partners Fund VII | 2020 | USD 1,200 |
Qiming Venture Partners Fund VIII | 2022 | USD 2,500 |
RMB Funds
Fund[13][5] | Vintage Year | Committed Capital (m) |
---|---|---|
Qiming Venture Partners RMB Fund I | 2010 | RMB 250 |
Qiming Venture Partners RMB Fund II | 2011 | RMB 605 |
Qiming Venture Partners RMB Fund III | 2014 | RMB 1,000 |
Qiming Venture Partners RMB Fund IV | 2016 | RMB 1,500 |
Qiming Venture Partners RMB Fund V | 2018 | RMB 2,100 |
Qiming Venture Partners RMB Fund VI | 2020 | RMB 2,900 |
Qiming Venture Partners RMB Fund VII | 2022 | RMB 4,700 |
References
- 1 2 "China venture capital deal-making shows green shoots of recovery". South China Morning Post. 9 April 2020.
- ↑ "Form ADV" (PDF). SEC. Retrieved 24 November 2022.
- 1 2 3 "Sequoia's China Rival Targets Drug Startups That Can Go Global". Bloomberg.com. 27 February 2019. Retrieved 15 July 2023.
- ↑ Deng, Chao (12 December 2012). "Why Chinese Startup Investor Qiming Is Bullish for 2013". Wall Street Journal. ISSN 0099-9660. Retrieved 15 July 2023.
- 1 2 3 "Early Xiaomi Backer Raises $3.2 Billion as China VCs Bounce Back". Bloomberg.com. 11 July 2022.
- 1 2 "Who is Qiming Venture Partners?". The Wire China. 10 April 2022.
- ↑ "China Internet Report 2020" (PDF). 9 February 2023. Archived from the original (PDF) on 9 February 2023. Retrieved 11 February 2023.
- 1 2 Flannery, Russell. "Homeward Bound Gary Rieschel Talks About China VC, Huawei And Colliding Garbage Trucks". Forbes. Retrieved 20 January 2023.
- 1 2 Flannery, Russell. "New Fund, New IPOs: The Era Of Successful China VC Investing Hasn't Ended Here". Forbes. Retrieved 20 January 2023.
- 1 2 3 "China Venture Firm Raises $648 Million From Princeton, Duke". Bloomberg.com. 8 February 2016. Retrieved 3 July 2023.
- 1 2 "Qiming Venture Partners Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Retrieved 24 February 2021.
- ↑ "The Chaoui Fellowship @ Qiming Venture Partners USA". careernavigator.gradeducation.hms.harvard.edu. Retrieved 15 July 2023.
- 1 2 "Qiming Venture Partners". www.palico.com.
External links
- www.qimingvc.com (Company Website)