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Innovation Works Raises $180M For Tech Fund

Innovation Works, the venture capital firm founded by Google’s former China head Kai-fu Lee, has raised $180 million for technology fund.

Innovation Works, the venture capital firm founded by Google’s former China head Kai-fu Lee, has raised $180 million for technology fund. The Innovation Works Development Fund is the first U.S. dollar-based fund focused on the Chinese Internet.

Investors participating in the fundraising included WI Harper Group, Silicon Valley Bank, Baillie Gifford & Co. and Sequoia Capital. Innovation Works invests in and coaches young entrepreneurs as well as provides complete services to help start-ups.

Click here for the release from Market Wire.

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