China's Befor Capital raises $107m via first closings of Fund III, and Fund IV

China's Befor Capital raises $107m via first closings of Fund III, and Fund IV

Photo by Josh Appel on Unsplash

Chinese venture capital firm Befor Capital has raised a combined 700 million yuan ($106.8 million) in capital commitments across two funds to continue its investments in the consumption upgrade, advanced technology, and modern services fields, the firm announced on Tuesday.