IDG Capital Partners closes third fund at $1bln with Breyer Capital

IDG Capital Partners closed IDG Capital Fund III at $1 billion, in partnership with Silicon Valley’s Breyer Capital. The new fund will invest in technology, media and telecommunications, healthcare, energy, and consumer products, including targets in China as well as global companies looking to enter the Chinese market.


BEIJING–(BUSINESS WIRE)–IDG Capital Partners today announced the recent final closing of IDG Capital Fund III totaling $1 billion, in partnership with Breyer Capital, a pre-eminent Silicon Valley-based venture capital investor. The new fund will focus on investing in next-generation opportunities in technology, media & telecommunications (TMT), healthcare, energy, and consumer products, both in China as well as in global companies looking to enter the Chinese market.

Since IDG Capital entered China in 1993 as the country’s first technology venture capital and private equity investment firm, it has invested in many companies that went on to become leaders in their respective markets. More than 100 portfolio companies have gone public or have been acquired, including Baidu, Tencent, Sohu, SouFun, Qihu 360, Baofeng, Xiaomi, and CreditEase.

“We are excited about the closing of IDG Capital Fund III, in partnership with Jim Breyer and his venture capital firm Breyer Capital,” said Hugo Shong, Founding General Partner of IDG Capital Partners. “As a long-time business partner and personal friend, Jim has been an integral advisor to IDG Capital Partners for over a decade, and he will continue playing a leading advisory role in the new fund.”

“I am thrilled to be partnering again with the IDG Capital team and look forward to building upon our collaboration through IDG Capital Fund III,” said Jim Breyer, Founder and CEO of Breyer Capital. “I have invested in China with the IDG team for over a decade and have been continually impressed by the caliber, creativity and drive of Chinese entrepreneurs working across a range of industries. China continues to represent tremendous long-term investment opportunities, particularly in companies applying machine-learning and artificial intelligence to revolutionize a multitude of industries, including financial services, healthcare, and social media, to name just a few.”

IDG Capital invests in a wide range of industries and in companies at all development stages: startup, growth, maturity, pre-IPO and post-IPO. The firm focuses on five strategic industry segments: Internet, Mobile & Tech, Modern Services & Brands, Healthcare, and Industrial Tech & Resources.

Breyer Capital is a pre-eminent venture capital investor focused on catalyzing high-impact entrepreneurs in the United States and China. Founded by Jim Breyer, Breyer Capital makes long-term, idea-driven strategic investments in chosen core areas: social media, entertainment/media, digital health, and financial technologies. It actively partners with a diverse set of companies including early-stage startups building breakthrough technologies, fast growing companies, and established worldwide leading corporations. The team helps to frame strategic investments anchored by the passion of founders and owner/operator teams, the insights of the firm’s network of world-class investors, and a conviction that artificial intelligence, machine learning, and virtual reality will transform technology and investment opportunities globally.