China’s Gaorong Capital raises $1.15b for fifth dollar-denominated fund

China’s Gaorong Capital raises $1.15b for fifth dollar-denominated fund

Gaorong Capital founding partners Zhen Zhang, Xiang Gao, and Bin Yue.

Gaorong Capital, a Chinese venture capital firm that focuses on early- and growth-stage investments, has raised $1.15 billion for its fifth dollar-denominated fund, its filings with the US Securities and Exchange Commission (SEC) showed.