Beijing-based Sky9 Capital, an early-stage focused venture capital firm, has raised $440 million for a new set of funds.
Sky9 secured backing from a strong group of institutional investors, including sovereign wealth funds, foundations, pension funds and family offices.
The new funds include Sky9 Capital Fund IV, L.P., which concentrates on early-stage startups, mostly at Series A and B funding stages.
Furthermore, the latest vehicles also consist of Sky9 Capital MVP Fund, L.P., which focuses on growth-stage and break-out companies in the Sky9 portfolio.