Key Takeaways
- • Monolith, the Chinese venture firm backed by DeepSeek, is seeking $561m for its third US dollar-denominated venture fund, according to an SEC filing.
- • The target is nearly double the $289m raised by its predecessor fund, which closed at that size.
- • The filing signals continued institutional appetite for China-linked AI-focused venture capital, per the SEC filing as reported by DealStreetAsia.
Summary
Monolith, a venture investor backed by DeepSeek, is seeking $561m for its third US dollar-denominated venture fund, according to an SEC filing reported by DealStreetAsia. The fundraising target is nearly double the size of the firm's predecessor fund, which closed at $289m.
The filing marks a significant step up in fund size for the firm. The source material available for this report is limited to the headline, publisher summary and the SEC filing details reported by DealStreetAsia, and does not include further information on the fund's strategy, investor base, close timing or portfolio composition.
The Reuters-licensed image accompanying the story references DeepSeek, the AI company whose backing of Monolith is noted in the headline, underscoring the link between the fund manager and the AI sector.
The filing marks a significant step up in fund size for the firm. The source material available for this report is limited to the headline, publisher summary and the SEC filing details reported by DealStreetAsia, and does not include further information on the fund's strategy, investor base, close timing or portfolio composition.
The Reuters-licensed image accompanying the story references DeepSeek, the AI company whose backing of Monolith is noted in the headline, underscoring the link between the fund manager and the AI sector.
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