Fibonacci VC’s second fund is double the size of its debut vehicle, thanks to commitments from LPs including Xiamen C&D and China-Singapore Suzhou Industrial Park Development Group.

China-based venture capital firm Fibonacci VC has closed its latest fund at RMB1.3bn ($202m) with commitments from state-backed conglomerate Xiamen C&D and property developer China-Singapore Suzhou Industrial Park Development Group, DealStreetAsia has reported. Other limited partners (LPs) committing to Fund II include funds-of-funds CICC Genesis Fund and Oriza FOFs Investment Management in addition to Guangzhou…

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