NATIONAL SME DEVELOPMENT FUND

China set up a special fund of RMB60 billion (US$9.4 billion) to support small and medium-size enterprises (SMEs) in the country. This fund, under a publicโ€“private partnership structure, will focus on providing early-stage and growth capital to small and medium-size enterprise across China. Shenzhen Capital Group, which won the mandate to manage the vehicle after winning a public auction, has established a new team to manage the fund. The members of this team are not allowed to work for the company's other funds. The national small and medium-size enterprises development fund will operate independently, free from government influences, says the reports.

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NATIONAL SME DEVELOPMENT FUND

Industry:
Small And Medium Businesses

Founded:
2015-01-01

Status:
Active


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Investments List

Date Company Article Money raised
2022-01-27 Newlinks Technology National SME Development Fund investment in Series E - Newlinks Technology N/A
2021-08-03 TEYITECH National SME Development Fund investment in Series A - TEYITECH 100 M CNY
2020-09-09 LandSpace National SME Development Fund investment in Series C - LandSpace 1.2 B CNY
2020-06-01 i-KINGTEC National SME Development Fund investment in Series B - i-KINGTEC 180 M CNY
2019-08-30 Newlinks Technology National SME Development Fund investment in Series B - Newlinks Technology 450 M CNY
2019-08-27 Bio-Engine National SME Development Fund investment in Series B - Bio-Engine N/A
2019-05-16 Little Bear Rental National SME Development Fund investment in Series B - Little Bear Rental N/A
2019-04-30 Neuroo National SME Development Fund investment in Series B - Neuroo N/A
2019-04-19 Ruibosi Medical Technology (Ribose) National SME Development Fund investment in Series A - Ruibosi Medical Technology (Ribose) 50 M CNY
2019-02-04 Hero Kiddo National SME Development Fund investment in Series B - Hero Kiddo 2.97 M USD

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