Infinity I-China Draws CDB Money
Filed in archive Venture Capital on January 18, 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 "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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