Qiming raises $1.4B across three funds

Qiming Venture Partners closed two U.S. dollar funds and one renminbi fund totaling nearly $1.4 billion.

Qiming Venture USD Fund VI closed with $935 million and Qiming Venture RMB Fund V raised RMB2.1 billion ($334.3 million). Both funds will invest in Chinese healthcare, IT, cleantech, internet and consumer companies.

The third fund, Qiming U.S. Healthcare Fund I, closed with $120 million and will invest in early stage U.S. healthcare companies.

Qiming now has more than $4 billion under management across 12 funds.