WestSummit Capital Completes $325M Fundraising

Beijing-based tech growth capital investment firm WestSummit Capital says that it has raised US$325 million across two funds from several large institutional investors in Europe, North America and Asia, according to a company announcement.

One fund is a US$225 million WestSummit Fund II that focuses primarily on investments in tech companies in North America and China. The firm’s Fund I is US$75 million.

The second fund is a US$100 million Summit Bridge Capital fund, which focuses mainly on investments in Europe and China. This fund is managed in collaboration with European growth capital firm Atlantic Bridge.

With Fund II, WestSummit continues its strategy of making growth stage investments of US$5 to US$15 million into companies in the Internet & digital media, cloud computing, mobile and IT-enabled clean tech companies.

Current investments in Fund II include Unity, Twitch, Mirantis, Verisilicon, and Union Optech.

WestSummit Capital focuses on technology growth equity firms investing between China, North America and Europe. It has offices in Beijing, Silicon Valley and Hong Kong.

China Expert network