From Dealroom · · 40s
CATL-backed fund clears China filing
CATL-backed $732M venture fund clears China regulatory filing.
In brief
CATL-backed $732M venture fund clears China regulatory filing. CATL's $732 million venture fund received China's private investment filing certificate, allowing it to deploy capital in startups. Originally reported by Dealroom.
Quick answers
- What's the deal?
- A CATL-backed venture capital fund completed its private investment fund filing with China's Asset Management Association.
- Who's behind it?
- Battery maker CATL disclosed the filing through its subsidiary, Fujian Mindong Times Rural Investment Development Partnership.
- How much did CATL commit?
- Mindong Times pledged $68.8 million, giving it a 10.2% committed interest in the $732 million fund.
- What is the key takeaway from CATL-backed fund clears China filing?
- CATL's $732 million venture fund received China's private investment filing certificate, allowing it to deploy capital in startups.
What's the deal?
A CATL-backed venture capital fund completed its private investment fund filing with China's Asset Management Association.
Who's behind it?
Battery maker CATL disclosed the filing through its subsidiary, Fujian Mindong Times Rural Investment Development Partnership.
How much did CATL commit?
Mindong Times pledged $68.8 million, giving it a 10.2% committed interest in the $732 million fund.
Here's the gist
CATL's $732 million venture fund received China's private investment filing certificate, allowing it to deploy capital in startups.
