China's VC firm Linear Capital closes USD Fund IV at nearly $200m

China's VC firm Linear Capital closes USD Fund IV at nearly $200m

Shanghai, China. Source: Ralf Leineweber/Unsplash

Chinese venture capital firm Linear Capital has reached the final closing of its fourth USD-denominated fund at nearly $200 million, bringing the firm’s total assets under management (AUM) to about 3 billion yuan ($442 million), the firm announced on October 1.