The Digital Source For China's Tech Innovation Since 2000

Search
Close

Trident Capital Partners With China-Focused Venture Capital Firm

August 4, 2005
Business

Trident Capital, a US-based venture capital firm focusing on information technology, today announced it is entering into a strategic partnership with Mustang Ventures, a new venture capital firm investing in technology and technology-enabled service companies in China.

In connection with this relationship, Trident is investing $10 million in the Mustang I, L.P., Mustang Venture's initial venture capital fund.

Mustang Ventures' principals spend most of their time on the ground in Shanghai. Mustang was initially established in September 2004, and recently completed its final close at $40 million. The Mustang I fund is managed by general partner, Rob McCormack, and special limited partner, Leonard Liu.

Don Dixon, Trident's co-founder and managing director, will serve as a member of Mustang's investment committee. Through its relationship with Mustang, Trident expects to gain insight into the business environment in China and how it might impact Trident's areas of focus, and to generate business development opportunities and potential co-investment opportunities. Trident has long maintained an active presence outside the U.S., including several direct investments in Europe and over 1,500 employees in India at its existing portfolio companies.

Mustang will leverage McCormack's and Liu's expertise in Chinese business practices, investment opportunities and culture, and focus principally on companies in the education, outsourcing, semiconductor, mobile and Internet sectors.

Tags: Business | capital | China | Chinese | culture | development | education | environment | Europe | Founder | fund | India | information technology | Internet | investment | IT | mobile | outsourcing | partnership | semiconductor | service | Shanghai | technology | U.S. | venture capital

Other Related News:

China Netcom Sells CNY20 Billion Industrial Assets

July 23, 2008

Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Junson Asset Management Hong Kong Ltd

March 3, 2022

Lawyer for Huawei CFO argue US was 'selective' in disclosure Beijing Meng Wanzhou Iran CFO HSBC

August 5, 2021

China accessed data of US TikTok users repeatedly, report says Vigour Times

June 20, 2022

UK Parliament shuts new TikTok account over China link World News

August 5, 2022

Blog: TRON Founder Justin Sun Confirms Attendance at Singapore FinTech Festival 2021 – Macau Business

November 6, 2021

Rubio fundraises at NBA game after calling it a 'partner' of 'the Chinese Communist Party'

April 1, 2022

China Mobile pre-discloses the prospectus to raise 56 billion yuan, which is expected to surpass China Telecom’s A-share crown in the past ten years_Main Business

August 19, 2021

Australia election, Chinese tech & Bitcoin over 6k #Bitcoin #btc #BitcoinMillionaire

July 15, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....