Tencent-Backer IDG Capital Sets Sights on $2 Billion Growth Fund

IDG Capital, an investment firm that has backed Tencent Holdings Ltd. and Coinbase Global Inc., is seeking to raise about $2 billion for a growth fund, according to people familiar with the matter.

Bloomberg MarketsMay 201 min readPrimary source

Tencent-Backer IDG Capital Sets Sights on $2 Billion Growth Fund — Image · Bloomberg Markets

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IDG Capital, an investment firm that has backed Tencent Holdings Ltd. and Coinbase Global Inc., is seeking to raise about $2 billion for a growth fund, according to people familiar with the matter.

IDG Capital, an investment firm that has backed Tencent Holdings Ltd. and Coinbase Global Inc., is seeking to raise about $2 billion for a growth fund, according to people familiar with the matter.

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IDG Capital, an investment firm that has backed Tencent Holdings Ltd. and Coinbase Global Inc., is seeking to raise about $2 billion for a growth fund, according to people familiar with the matter.

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