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 publicโprivate 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.
NATIONAL SME DEVELOPMENT FUND
Industry:
Small And Medium Businesses
Founded:
2015-01-01
Status:
Active
Similar Organizations
Acorn Collective
Blockchain Crowdfunding & Startup Ecosystem
Pepper Rest Africa
Social Payments provider
Zayed Fund for Entrepreneurship and Innovation
Small business development fund
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 |