InnoVen Capital, a venture debt firm, has announced the first close of its second China fund at $130 million, out of a targeted $250 million. The company aims to support startups in China by providing venture debt, which allows them to access additional capital without giving up equity. InnoVen Capital has a strong presence in Southeast Asia and India, and this new fund will enable them to expand their reach into the Chinese market.
InnoVen Capital Raises $250m for Groundbreaking China Fund
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