Northern Light Venture Capital raises $236M for Chinese fund

December 7, 2007 | Matt Marshall

Northern Light Venture Capital, a venture capital firm that backs Chinese companies, has raised its second fund with at least $236 million, according to regulatory filings cited by VentureWire (subscription required).

Northern Light Venture, based in Beijing and Shanghai, is partly backed by Greylock and NEA, and includes Flight Investment and Princeton University as investors.

The fund follows the firm’s $120 million fund, which was raised just last year, a sign of how hot the Chinese market is right now.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.