Qiming Venture Partners

Qiming Venture Partners (Chinese: 啟明創投; pinyin: Qǐmíng chuàngtóu) is a China based Venture capital firm. It primarily invests in Technology, Internet and Healthcare related companies across China. It was an early investor in ByteDance, Xiaomi, Meituan and Bilibili.[1][4] According to South China Morning Post, from January 2019 to May 2020, it was the seventh most active venture capital firm in China.[5]

Qiming Venture Partners
Native name
啟明創投
TypePrivate
IndustryVenture Capital
Founded2006
FounderGary Rieschel
Duane Kuang
HeadquartersJin Mao Tower, Shanghai, China
Key people
Nisa Leung (Managing Partner)[1]
ProductsInvestments
AUMUS $9.4 billion (2022 July)[2]
Websitewww.qimingvc.com
Footnotes / references
[3]

Background

Qiming Venture Partners was founded in 2006 by Gary Rieschel and Duane Kuang.[6][7] Rieschel and Kuang were previously with Softbank and Intel Capital respectively. [6][7] It is headquartered in Shanghai with offices in Beijing, Suzhou, Shenzhen and Hong Kong.[8] It mainly focuses on investments in China.[4]

In 2017, it set up its American branch, Qiming Venture Partners (USA). The branch is headquartered in Seattle, Washington with offices in Cambridge, Massachusetts and San Francisco, California.[8]

Funds

USD Funds
Fund[9][2] Vintage Year Committed Capital ($m)
Qiming Venture Partners Fund I 2006 USD 193
Qiming Venture Partners Fund II 2008 USD 318
Qiming Venture Partners Fund III 2011 USD 450
Qiming Venture Partners Fund IV 2014 USD 500
Qiming Venture Partners Fund V 2016 USD 650
Qiming U.S. Healthcare Fund I 2018 USD 120
Qiming Venture Partners Fund VI 2018 USD 935
Qiming Venture Partners Fund VII 2020 USD 1,200
Qiming Venture Partners Fund VIII 2022 USD 2,500

RMB Funds
Fund[9][2] Vintage Year Committed Capital (m)
Qiming Venture Partners RMB Fund I 2010 RMB 250
Qiming Venture Partners RMB Fund II 2011 RMB 605
Qiming Venture Partners RMB Fund III 2014 RMB 1,000
Qiming Venture Partners RMB Fund IV 2016 RMB 1,500
Qiming Venture Partners RMB Fund V 2018 RMB 2,100
Qiming Venture Partners RMB Fund VI 2020 RMB 2,900
Qiming Venture Partners RMB Fund VII 2022 RMB 4,700

Notable investments

References
  1. "China venture capital deal-making shows green shoots of recovery". South China Morning Post. 9 April 2020.
  2. "Early Xiaomi Backer Raises $3.2 Billion as China VCs Bounce Back". Bloomberg.com. 11 July 2022.
  3. "Form ADV" (PDF). SEC. Retrieved 24 November 2022.
  4. "Who is Qiming Venture Partners?". The Wire China. 10 April 2022.
  5. (PDF). 2023-02-09 https://web.archive.org/web/20230209141150/http://www.invest-data.com/eWebEditor/uploadfile/2020073009440911236297.pdf. Archived from the original (PDF) on 2023-02-09. Retrieved 2023-02-11. {{cite web}}: Missing or empty |title= (help)
  6. Flannery, Russell. "Homeward Bound Gary Rieschel Talks About China VC, Huawei And Colliding Garbage Trucks". Forbes. Retrieved 2023-01-20.
  7. Flannery, Russell. "New Fund, New IPOs: The Era Of Successful China VC Investing Hasn't Ended Here". Forbes. Retrieved 2023-01-20.
  8. "Qiming Venture Partners Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Retrieved 2021-02-24.
  9. "Qiming Venture Partners". www.palico.com.
  10. "ByteDance company information, funding & investors". app.dealroom.co. Retrieved 2021-01-22.
  11. "Family offices back $1.1bn China healthcare and tech fund". Wealth Manager. Retrieved 2021-01-22.
  12. Partners, Qiming Venture. "Qiming congratulates Xiaomi on its successful IPO on the Hong Kong Stock Exchange". www.prnewswire.com. Retrieved 2021-01-22.
  13. Fannin, Rebecca. "Qiming Piles on 5th Fund At $650M for More Deals Like Xiaomi | Silicon Dragon Ventures". Retrieved 2021-01-23.
  14. "Baidu pumps money into Zhihu". SHINE. Retrieved 2021-01-22.
  15. "Qiming Venture Partners boosts 7th fund to $1.2B, battling back against COVID-19 headwinds". Fierce Biotech. 19 November 2020. Retrieved 2021-01-22.
  16. "Schrödinger Just Raised $85M and is Disrupting the Biopharma Industry with Technology". AlleyWatch. 2019-01-22. Retrieved 2021-01-22.
  17. "Chinese maker of Star Wars robot close to raising US$400m". South China Morning Post. 15 November 2017.
  18. "Insilico signs $200M AI drug discovery partnership with China's CTFH". Fierce Biotech. 9 October 2019. Retrieved 2021-01-22.
  19. Wang, Eudora (2019-08-26). "Alibaba-Backed Chinese AI Unicorn Megvii Eyes Hong Kong IPO". China Money Network. Retrieved 2021-01-22.
  20. Su, Wiki (2015-01-19). "Chengwei, SIG, Qiming Participate $100M Series B In Apus". China Money Network. Retrieved 2021-01-22.
  21. Pradhan, Dipen (2019-07-29). "This Hospitality Startup wants to Become a Mix of Uber & Marriott of Southeast Asia". Entrepreneur. Retrieved 2021-01-22.
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