Chinese VC Gaorong Capital collects $450m for fourth fund

Chinese VC Gaorong Capital collects $450m for fourth fund

Winter in Beijing, China. Photo: Ethan Zhan/Pixabay

China-based venture capital firm Gaorong Capital, formerly Banyan Capital, has announced the close of its fourth USD fund with $450 million in commitments from 39 investors, according to its SEC filing.

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