SILK Ventures announces $500m fund to invest in deep tech startups
15th May 2017
SILK Ventures, the China-focused cross-border accelerator which has an office on our High Growth Space: 24 has announced a $500m fund focused on deep-tech startups.
Planning to invest in startups from Series-A and upwards, SILK Ventures has received the green light from the Chinese government – with the high-tech city of Shenzhen taking their official London residence within the SILK Ventures office.
SILK not only has offices at Level39 but also in Menlo Park, Beijing, Shenzhen and San Francisco.
“We are the only venture fund in the world doing what we are doing,” claims Angelica Anton, Founding Partner of Silk Ventures. “We are globally aligned with expert partners in the U.S, Europe and Asia to work with China at the highest levels to ensure that our portfolio companies are not only well-funded, but have the best chance of success in the Asian market”.
Brewer Stone, Venture Partner for Silk, and also previously advisor on Alibaba’s IPO and former Head of Asia at Prudential, said: “Having spent many years as a bridge between the U.S. and China for emerging technology leaders in both countries, I understand the challenges and know the tremendous value we can bring to portfolio companies in partnership with SASAC.”