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§ Venture Capital · Qingdao, China
The Qingdao Municipality Guidance Fund operates as a public-private investment vehicle, aligning capital with the city’s industrial policy goals. Functioning as a fund-of-funds, it directs resources into specialized sub-funds that invest directly in companies. This mechanism leverages private capital for high-priority sectors, crucial for Qingdao’s economic growth and advancement.
Established by the Qingdao Municipal Government, the fund emerged from China's national strategy using investment vehicles for industrial upgrading. Its formation reflects the municipality's insight into steering financial resources toward strategic priorities. This initiative complements traditional industrial measures with market-based capital allocation, attracting external investment.
The fund primarily supports enterprises and investment vehicles within Qingdao, focusing on emerging and high-tech industries like new energy and advanced manufacturing. Providing patient capital, the Qingdao Municipality Guidance Fund catalyzes innovation and industrial transformation. Its vision enhances Qingdao’s competitive edge, fostering sustainable economic development.
Qingdao Municipality Guidance Fund has 1 tracked investment across 1 company. The latest tracked deal is $19.3M Other Equity in MissFresh in December 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 14, 2020 | MissFresh | $19.3M Other Equity | Qingdao Municipality Guidance Fund, Sunshine Ventures | — |