Zhongke Chuangxing Pioneer Venture Capital Fund has completed a final fundraising of over 4 billion yuan
On December 11th, the Zhongke Chuangxing Pioneer Venture Capital Fund, a subsidiary of Zhongke Chuangxing Technology Investment Co., Ltd., announced the completion of its final fundraising. The fund has a total size of 4.08 billion yuan and will explore original innovative projects in the laboratory stage from scratch, alleviate the funding gap problem of early hard technology projects, and promote hard technology investment from the primary market to the secondary market.Mi Lei, founding partner of Zhongke Chuangxing, stated that the consensus direction in the global technology field is converging, and the technological direction of the new round of technological revolution presents characteristics such as super micro, super macro, super complex, and super extreme environments. The sudden increase in the amount of funds required for the project and the significant extension of the investment cycle have raised higher requirements for early-stage hard technology funds.
The newly added LPs signed at the end of this round include diversified institutions such as Taibao Capital Long Carrier Fund, Haidian Zhongguancun Science City Science and Technology Growth Fund, Ant Group, Guangzhou Production Investment, Zhuhai Science and Technology Industry Group, Nanjing Venture Capital Group, Fudan Science and Technology Innovation Fund, and Guolian Minsheng. The addition of Taibao Capital's Long Carrier Fund matches the industry characteristics of long R&D cycles, high capital requirements, slow returns, and long-term cultivation in the hard technology industry, which will alleviate the funding gap problem of early hard technology projects. The investment of Fudan Science and Technology Innovation Fund helps to build a direct bridge between the fund and Fudan University and other universities in terms of scientific research achievements and capital markets, and helps to accurately explore the original innovation projects in the laboratory stage from 0 to 1.
In July of this year, Zhongke Chuangxing Pioneer Venture Capital Fund signed its first round of contracts with 19 LPs, with a total amount of 2.617 billion yuan. LP includes the National Small and Medium sized Enterprise Development Fund, Shanghai Guotou Pioneer Artificial Intelligence Fund, Pudong Venture Capital, Shanghai Future Industry Fund, Shanghai Science and Technology Innovation Fund, Ningbo Kaitou, Taizhou Science and Technology Innovation, Xike Holdings, etc.
After surrendering, the fund has made decisions to invest in 46 transactions, of which 90% belong to the first two rounds. Among the 46 transactions, 32 projects directly originated from the transformation of research institutes and universities' achievements. From a specific track perspective, investments in the fields of artificial intelligence and biotechnology rank first, covering AI chips TPU、 Segmented fields include embodied intelligence, AI for Science, AI hardware, quantum technology, gene editing, immune cell therapy, virus infection prevention, biobased pigments, and agricultural microbiology. In terms of disruptive technologies, the fund has invested in more than 10 projects in fields such as controllable nuclear fusion, small fission reactors, superconductivity, quantum computing, and photonics.
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