Eight Roads Launches US$275 Million Technology Fund for China

Eight Roads Launches US$275 Million Technology Fund for China

by April 24, 2018

Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited, Eight Roads Venturesannounced the launch of its dedicated technology fund for China.

With a fund size of US$275 million it promises to back China’s next generation of tech entrepreneurs and support the country’s rapid development into a global technology hub.

The fund will invest in China-based companies and cross-border deals, with a strong focus on enterprise tech, fintech, and consumer tech.

Eight Roads has been investing in China since the 1990s and will continue to draw upon its deep domain and geographical expertise to help China tech entrepreneurs overcome the hurdles to scaling up – from talent acquisition to geographic expansion – giving them the tools to realise their potential.

Jarlon Tsang, Managing Partner at Eight Roads Ventures Asia, said,

Jarlon Tsang

Jarlon Tsang

“The launch of a specialised China technology fund reflects the country’s fast emergence as a global leader in technology, as well as its growing maturity and the opportunities that come with it.

There are no borders in technology – it’s a global game and we need to help Chinese entrepreneurs win on a global scale. Eight Roads is an investor that thinks globally, works globally and can truly support entrepreneurs to achieve their cross-border and cross-field ambitions.”

This latest fund follows the launch of a dedicated Eight Roads China healthcare fund in September 2017, and new enlarged funds for Japan, India and Europe.

Eight Roads is one of the region’s earliest venture capital funds. With over 20 years of experience in China and more than 85 China investments to date, Eight Roads has a successful track record of building market changing companies including Alibaba, AsiaInfo and iSoftStone – all of which have set market benchmarks in technology.

With teams in China, Japan, UK, India and the US, Eight Roads currently has investments in over 175 portfolio companies with a team of 70 investment professionals, 30 of whom focus on China investments.