Accel Catches China Syndrome

Accel Partners beat three other "major" venture capital firms this summer in a heated competition to partner with IDG Ventures on a new VC fund focused on China. IDG and Accel announced in late July the launch of IDG-Accel China Growth Fund, a $250 million fund that will invest in maturing Chinese startups in the IT, health care and consumer technology sectors. Unlike IDG's previous two funds, which focus on seed and Series A rounds that range from $500,000 to $2.5 million per investment, the new fund plans to invest $4 million to $8 million in companies that are in expansion mode.

Source: Venture Capital Journal

For more information, please contact:
Howard Sholkin
howard_sholkin@idg.com
617-239-7882