The fund was oversubscribed, with strong support from both domestic and international investors. The fund will focus on growth-stage advanced manufacturing and enterprise software services companies in China.
Forebright Capital was founded in 2013 by Kiril Ip, a former investment banker at Goldman Sachs. The firm has a strong track record of investing in and growing technology companies in China.
Forebright Capital’s third fund is a sign of the strong interest in China’s technology sector. The fund is also a vote of confidence in Forebright Capital’s investment strategy and track record.The fund is expected to invest in 15-20 companies over the next 3-4 years. The firm is targeting companies with strong growth potential and a clear path to profitability.Forebright Capital is well-positioned to capitalize on the growth opportunities in China’s technology sector. The firm has a strong track record of investing in and growing technology companies, and it has a deep understanding of the Chinese market.The fund is a good sign for the future of China’s technology sector. It shows that there is strong interest from investors in the sector, and it will help to fuel the growth of technology companies in China.
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