Chinese private equity firm Cherubic Ventures announced that it has completed its $88.9 million raise for its fourth fund.

The investments for the fund came from limited partners including U.S.-based investment firm Cendana Capital, family offices, fund of funds and corporations across the U.S. and Asia.

The new fund will invest in seed to early-stage companies in Greater China and the U.S. with sizes between $500,000 to $1 million.

Previously, Cherubic Ventures also participated in Singaporean e-scooter company Beam's seed venture which closed at $6.4 million.