Innovation first raise $ 180 million dollar fund starts currency fund raising
Innovation works announced today that the completion of their first dollar fund raising, raising US $ 180 million. Fund Investor includes dozens of top domestic and international financial institutions, well-known companies, as well as nearly 10 famous investors . Include in the by-in, and Fuji Kang, and New Oriental, and United States Silicon Valley Bank (SVB), and Redwood capital, and IDG, and Chinese Telecom, and mediatek, and Taipei workers research homes, and United States retirement fund, and odd Tiger 360, and Canada retirement fund, and Bay Tower Republika Mann, and Motorola, and Autodesk, and Silicon Valley investment Godfather luoen·kangwei (Ron Conway), and and Russia famous investor Youli·mierna (Yuri Milner), and Silicon Valley all large venture company of founder and management layer. At the same time innovation works internal funds of another, also is expected to be raised in the next few months is complete. The Fund plans to raise 700 million Yuan RMB. As of now, Tencent, giant, blue, and Zhongguancun, Shanghai venture capital fund, fund company or Government guidance of the Administrative Committee confirmed the investment of the Fund.
(September 1, 2011, Beijing) $ innovation works first fund raised $ 180 million, many top global investment institutions fans, showing global capital still favor the future of the Internet in China.
Innovation works announced today that the completion of their first dollar fund raising, raising US $ 180 million. Innovation investment projects and investors continued optimistic about rapid growth, raised the amount was significantly larger than anticipated, many well-known companies in the world, the family Consortium, as well as a number of top fans of investment promotion agencies in Europe and America.
According to reports, the innovation works $ 180 million fund investing includes dozens of top domestic and international financial institutions, well-known companies, as well as nearly 10 famous investors. Include in the by-in group, and Fuji Kang technology group, and New Oriental group, and United States Silicon Valley Bank (SVB), and Redwood capital, and IDG, and Chinese Telecom, and mediatek, and Taipei workers research homes, and United States retirement fund, and odd Tiger 360, and Canada retirement fund, and Baillie Gifford, and Foundation Capital, and SAP, and Bay Tower Republika Mann, and Motorola, and Autodesk company, and Singapore Telecom, and Silicon Valley investment Godfather luoen·kangwei (Ron Conway), and And Russia prominent investor Youli·mierna (Yuri Milner), Silicon Valley’s leading venture capital company founders and management.
At the same time, innovation works internal funds of another, also is expected to be raised in the next few months is complete. The Fund plans to raise 700 million Yuan RMB. As of now, Tencent, giant, blue, and Zhongguancun, Shanghai venture capital fund, fund company or Government guidance of the Administrative Committee confirmed the investment of the Fund.
Innovation works Chairman and Chief Executive Officer Kai-Fu Lee said: “innovation works hatching 34 projects and has invested in companies, of which 9 are successfully attracting external VC investments completed a round of financing. Unique innovation workshops ‘ hatch + investment ‘, not only guarantee fund project source and quality, through full-service, early startup team quickly and efficiently helps develop domestic growth, to build China’s entrepreneurs of the Whampoa Military Academy. ”
Investment in Facebook, Groupon, Zynga and was awarded best venture capitalist Russia DST Corporation CEO Youli·mierna (Yuri Milner), said: “Kai-Fu’s Innovation Fund is China’s top early-stage investment fund. We are proud to become investors also want innovation incubator Facebook, Groupon, Zynga company of this size. ”
Godfather of Silicon Valley luoen·kangwei (Ron Conway), said: “for many years, I helped countless United States planning of the company. When I saw the innovation works of Kai-Fu to form such a great team, doing the same thing in China, I am very excited. I personally was involved in investment in innovation, and recommended it to many Silicon Valley’s top investors to vote. Innovation works has been showing early results of excellence, we look forward to seeing it more successfully. ”
Tencent President, Mr LAU believes that innovation has gathered a number of outstanding Internet company. Tencent and the innovation works will work together with an open mind, support, and help more Web innovation enterprise fast growth, better serving the majority of Internet users.
Investment innovation dollars Fund qihoo 360, Hongwei Zhou said: “in the past two years we’ve seen innovation workshops led by Kai-Fu achieved good results, which also strengthen our confidence in the innovation works dollar investment fund. Want to work together to witness China Mobile Internet industry, in particular development of the Internet. ”
Sequoia Capital China founding partner Neil Shen, founding partner of Xiong Xiaoge IDG capital and other investors are optimistic about Kai-Fu Lee first dollar fund: opportunities and innovation cooperation, will make each other working together for change mobile Internet contributed wisdom.
Innovation works dollars fund the successful completion of the $ 180 million raised, fully validated the world’s top investors and investors about the future of the Internet have great confidence in China, the innovation works team full of confidence.
Innovation works was founded in September 2009, is dedicated to early immersed in project investment and incubation of hatching investment institutions. Promote “investing early, low investment, investment and many rounds of” investment philosophy. Innovation factory in USD or RMB Fund, who have been incubated companies and special close relationship with unique benefits, the Innovation Development Fund on the investment being incubated companies more accurate, easier to achieve maximum return. Innovation works dollars Fund co-founded by innovation works and Wi Harper group and management. Innovation key investment areas including Internet, mobile Internet, e-commerce, and cloud computing.