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Additional info: http://www.techinasia.com/innovation-works-adds-148-million-fund/

English

Innovation Works Adds $148 Million To Second Fund

We have been hearing that Li Kaifu’s Innovation Works (IW) is working on a second fund. And today we learned more from a Dow Jones report that the Beijing-based venture capital has secured $148 million for its second fund. That’s the first closing; the second closing will be up around end of this year.

Innovation Works’ second fund will have the same approach as the first fund. Chris Evdemon, Partner at Innovation Works, told us:

Japanese

Innovation Works、「IW Fund II」に1億4800万ドルを調達

Li Kaifu氏のInnovation Works（IW）が2回目のIW Fund（IW Fund II）に取り組んでいるという情報を耳にしていたが、IW（拠点：北京）がそのIW Fund IIに1億4800万ドルを確保したという Dow Jonesの今日の報道で、 更なる詳細が分かった。今回は初回の資金調達で、2回目は今年末ごろに行われるようだ。

IW Fund IIは、IW Fund Iと同じ手法で行われる。Innovation WorksのパートナーであるChris Evdemon氏は次のように語った。