Chinese VC Ameba Capital closes $265m debut USD fund for SaaS bets

Chinese VC Ameba Capital closes $265m debut USD fund for SaaS bets

Photo: Internet Archive

Ameba Capital, a Chinese venture capital (VC) firm that focuses on the enterprise services and IT sectors, announced on Tuesday that it has reached the final close of its maiden US dollar fund at $265 million to focus exclusively on software-as-a-service (SaaS) investment in China.