Recently, the Zhongguancun Science City Technology Growth Phase II Fund and the Vertex Ventures China Technology Innovation Phase II RMB Fund were successively launched, with a combined investment of over CNY 8.5 billion targeting integrated circuit (IC) and semiconductor sectors.

• Zhongguancun Science City Technology Growth Phase II Fund Launched with a Total Scale of CNY 5 Billion

On August 26, as per the official website of Haidian, Beijing, Zhongguancun Science City Technology Growth Phase II Fund was officially launched with a total scale of CNY 5 billion. This marks a further investment in technology innovation investment for Zhongguancun Science City, expanding the total scale CNY to 10 billion.

Zhongguancun Science City Technology Growth Fund is funded by the Haidian government, with each phase sized at CNY 5 billion. The Technology Growth Phase II Fund consists of a CNY 4 billion parent fund and a CNY 1 billion direct investment fund, managed by an investment company under Zhongguancun Science City.

In recent years, Haidian District has actively built a “1+X+1” modern industrial system, in reference to accelerating the development of strategic emerging industries such as biomedicine, IC, and commercial space under the support of the two “1”s–AI and technology service industries.

The Technology Growth Phase II Fund will closely align with this industrial system, focusing on high-potential, high-growth projects, leveraging capital to boost high-quality regional economic development, and accelerating the transformation and application of technological innovation achievements.

It is reported that following this official launch, the “Zhongguancun Science City Technology Growth Fund Sub-fund Application Guidelines” will simultaneously seek collaborative projects, with the first batch of collaborative sub-fund projects expected to be completed by September 30.

• Vertex Ventures Phase II Fund Completed a Fundraising of CNY 3.5 Billion, Targeting Sectors including Semiconductor

On August 26, Vertex Venture announced the recent successful completion of fundraising for its “Vertex Technology Phase II RMB Fund” (hereinafter referred to as “RMB Phase II”), with a scale exceeding CNY 3.5 billion, setting a new record compared to RMB Phase I.

Reportedly, RMB Phase II will primarily zero in on innovative technology sectors, including chip semiconductors, intelligent robotics solutions, large model-related applications, new energy, new materials, and medical technology.

It is noted that Vertex has consistently maintained a stable pace of fundraising and investment, with its main funds including five funds in USD and two funds in CNY, each steadily expanding in scale.

Notably, this phase has seen a significant reinvestment from LP in Phase I, as well as the introduction of large insurance companies, further improving the LP structure.

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(Photo credit: ZGC Science City)