Cooley advised Future Capital on the deal
The fund brings the VC firm’s total capital under management to 2.5 billion renminbi (approximately $360 million). Partner Xun Zeng led the Cooley team advising Future Capital.
Investors in Future Capital Fund III include foundations, family offices, fund-of-funds and entrepreneurs. Future Capital now manages three US dollar funds and one renminbi fund. The firm also has plans to launch a second renminbi vehicle in the near future.
Future Capital focuses on artificial intelligence and big data, the internet of things, aerospace, smart mobility, new materials, medical devices, high-end manufacturing and information technology. To date, the firm has invested in more than 130 startups.
Cooley advised with a team including Xun Zeng (Picture), Jingyi Xu and Sheryl Dai.
Law Firms: Cooley LLP;
Clients: Future Capital ;