PROJECT

Projects

Summary of Investment Information

Project Number

37897

Company Name

SINOVATION FUND III LP

Date SPI Disclosed

Jan 13, 2016

Country

China

Region

East Asia and the Pacific

Projected Board Date

Feb 15, 2016

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Dec 21, 2023

Department

TMT, Venture Capital & Funds

Industry

Funds

Previous Events

Approved : Mar 31, 2016
Signed : Apr 6, 2016
Invested : Jun 13, 2016

Sector

Venture Capital Fund

Project Description

Sinovation Fund III L.P. is a venture capital fund that is broadly focused on the full gamut of early stage TMT companies in China. The fund is headed by Dr. Kai-Fu Lee, who was the founding President of Google China from 2005 to 2009.

The Fund has a target size of USD 250 million. IFC will be investing in Sinovation III along with other established institutional investors.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation