Wednesday, January 30, 2008

Northern Light Raises $350M China Fund

Menlo Park- and Beijing-based Northern Light Venture Capital, which is focused on investments in China, said today that it has raised a $350M venture capital fund, Northern Light Venture Fund II. The fund is targeting investments in technology, media and telecommunications, and consumer-related companies in China. Northern Light said that it continues to work with special limited partners Greylock Partners and New Enterprise Associates. Greylock and NEA are providing advisory support to the firm, and also co-invests with the fund. Other investors in the fund include undisclosed government funds, endowments, and non-profits.