Chinese CTC Capital hits final close of second semiconductor fund
April 26, 2021
Semiconductor industry-focused CTC Capital on Monday announced that it has hit the final close of its second RMB-denominated fund at 3.5 billion yuan ($539 million).
The oversubscribed fund attracted a slew of investors including government-led funds, state-owned industry majors and fund-of-funds, the VC said in a statement.
CTC Capital is looking to shore up its investments in the semiconductor industry focused on AI, data centres, 5G network, internet of things (IoT) and smart automobiles.
Shanghai-based CTC Capital, which launched the second semiconductor fund in April 2019, had set a target to raise 3 billion yuan ($462 million).