Chinese Deals Trade Site Zero2IPO Raises $60 Million
This story was written by Rafat Ali.
Zero2IPO, an online financial info services provider on the China VC and PE markets, has raised a big $60 million round from a total of 46 different investors, according to SEC filing, picked up by PEHub. The company started as an online database of VC and M&A deals in the Chinese market in 1999, and since expanded into financial advisory service, events and other allied services.
In 2006, it expanded into launching its own VC fund (yes!) called Zero2IPO Capital Group. That fund has invested in Chinese digital media companies such as video site 56.com, classifieds site Tianya.cn and others.
Now with this big raise, Zero2IPO will use most of it in a new investment fund, Zero2IPO China Fund II. The new fund is almost four times larger than the firm's first fund.
By Rafat Ali