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Infinity I-China Draws CDB Money

Filed in archive Venture Capital by Greg Cruey on January 17, 2008

The China Development Bank and the IDB Group of tel aviv have kicked $50 million into Infinity I-China, a developing VC fund that targets joint ventures between Chinese and Israeli companies in the are of technology.

Infinity I-China now has $270 million on hand, according to AltAssets. The fund hopes to grow to $350 million. the fund is managed jointly by Israeli fund manager Infinity Equity and Chinese venture firm Suzhou Ventures Group.

Infinity I-China Draws CDB Money


Infinity I-China "focuses on investments in late stage Israeli technology companies with parallel investments in Chinese businesses that license, develop and market Israeli technologies in China," according to AltAssets.

It is not immediately clear how much of the money was contributed to the fund from the CDB.


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Tags: Infinity  IChina  china  infinity  venture  infinity+china  venture+capital  china+draws 

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