Perspectives
Innovation Works, the venture capital firm founded by Google Inc. (GOOG)s former China head, said its new fund focused on Internet startups in the Asian nation attracted investors including Ron Conway and Yuri Milner.
The $180 million fund also drew investments from WI Harper Group, Baillie Gifford & Co. and Sequoia Capital, according to a statement by Innovation Works distributed via Marketwire. Innovation Works was founded in September 2009 by Kai-Fu Lee after he left Google, with an investment from WI Harper.