Cybernaut China Starts New VC Funds

Filed in archive Venture Capital on December 9, 2008

Cybernaut Investment (China partner of VC fund New Enterprise Associates) just sat up two yuan denominated VC funds in China this month with a total value of 650 million yuan - or about $95.24 million. That, according to PE Hub.

The funds will work in cooperation with the government of eastern China's Zhejian province and will focus on clean energy and health care projects.

This isn't Cybernaut's first fund in China. They already manage about $250 million in foreign currency assets.


Photo courtesy of iStockphoto, Lisa Young