Future Capital Closes New Fund at $100 Million

Beijing – November 27, 2018 – Cooley advised Future Capital on the closing of its latest fund, Future Capital Fund III, at $100 million. The fund brings the VC firm’s total capital under management to 2.5 billion renminbi (approximately $360 million). Partner Xun Zeng led the Cooley team advising Future Capital.

Investors in Future Capital Fund III include foundations, family offices, fund-of-funds and entrepreneurs. Future Capital now manages three US dollar funds and one renminbi fund. The firm also has plans to launch a second renminbi vehicle in the near future.

Limited partners “value the driving forces behind the continued success of a [VC firm] – mature investment strategies, sound investment decisions and exit planning and institutional team management capabilities,” said Mingming Huang, Future Capital’s founding partner, in a statement. “Since the first day of our establishment, we have focused on early stage technology investments.”

Future Capital focuses on artificial intelligence and big data, the internet of things, aerospace, smart mobility, new materials, medical devices, high-end manufacturing and information technology. To date, the firm has invested in more than 130 startups.

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Related Contacts
Xun Zeng  Partner Beijing, Hong Kong
Jingyi Xu  Partner Beijing
Sheryl Dai  Associate Shanghai
Related Practices & Industries

Fund Formation  Venture Capital