China's angel investment market saw 109 angel funds finish fundraising during January and November, up 179.5 percent from the year-earlier period, according to data from www.pedata.cn, a PE big data platform Monday.
These angel funds revealed, in a probably incomplete manner, their fundraising hit 2.863 billion US dollars in the first 11 months, up 168.1 percent from a year earlier.
Thanks to feverish business start-ups and investment favor, angel fund management institutions reported faster pace in raising capital and some of them even invested in projects in foreign markets such as the Silicon Valley, Europe and Israel, boosting the number of foreign currency-denominated angel funds up from five to 12. Behind these were diversified high net worth individuals, funds established by Chinese provinces to guide angel funds operation and parent funds for angel funds founded by third party asset-management institutions, all of which expanded the capital sources of angel funds. Angel funds are funds financed by angel investors, usually affluent individuals to invest in business startups.
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