Savio Kwan Single Family Office Participates in $131M Fundin

Chinese smart-city tech startup Venturous Group has raised a $131M Series A funding round. Amongst the investors is the of former Alibaba executive Savio Kwan.Venturous Group: Focus on urban technologyBeijing-based Venturous Group calls itself the leading citytech group. It focuses on investments in “smart city infrastrucutre data-technology services companies”. The goal is to make cities more sustainable and liveable through smart technology. Amongst the investments of Venturous are Homaer International, Innovex, or the Zhuyou Hotel Group.Chinese Savio Kwan single family office as investorInitially, Venturous aimed to raise only $80M. But now, with its $131M, the funding round is heavily oversubscribed. Also Benson Tam, Venturous’ founder and chairman invested $50M. Other investors include Fidelity China Special Situations and the aforementioned single family office of Savio Kwan. Kwan was the former president and COO of Alibaba and is an active startup investor who also serves on the board of British American Tobacco.Source: Picture Source: You might like these family office articlesRelevant family office lists Rated 5.00 out of 5 Deal €649,99 Original price was: €649,99.€499,99Current price is: €499,99. including VAT Rated 5.00 out of 5 €399,99 including VAT Rated 4.00 out of 5 €399,99 including VAT Rated 4.67 out of 5 €499,99 including VAT

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