Europe’s Newest VC Is Cocoon Networks, A $713M Fund Backed By Chinese Investors

As stocks in China continue to see a lot of volatility, some tech investors from the country are setting up a £500 million ($713 million) fund in London and and are looking to back startups here. Cocoon Networks, as the new group is called, is backed by China Equity Group and Hanxin Capital, and plans to invest in UK and European startups in areas like fintech, the creative industries and biotechnology.

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