Qiming Venture Partners has completed the seventh round of RMB fund-raising, with a total amount of 6.5 billion yuan.

BlockBeats reported on May 18th that Qiming Venture Partners announced the completion of its seventh RMB fund raising, with a scale of 6.5 billion yuan. The fund will continue to invest in early and growth stage excellent projects in the technology and consumer, medical and health sectors. With this, Qiming Venture Partners' total managed assets have reached $9.5 billion, with 11 USD funds and 7 RMB funds under its management. It is understood that Qiming Venture Partners started this RMB fund in mid-2021, completed the first closing in 2022, and the final closing in 2023. Qiming Venture Partners has participated in multiple Web3 projects, including NFT data analytics platform NFTGo, metaverse social platform BUD, Flow chain-based DeFi infrastructure IncrementFi, Web3 data infrastructure BlockVisio, and blockchain infrastructure service provider InfStones.