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February 15, 2006

New fund at Ignition -- in China

Posted by Kim Peterson at 10:28 AM

Bellevue-based Ignition Partners said today it has closed Qiming, a $200 million investment fund that includes participation from top Chinese investors. Qiming will be investing in early-stage and expanding tech companies that are in the export business or are servicing China's domestic market.

Ignition partners Richard Tong and John Zagula are moving to China to work on this fund. Qiming is a Chinese name that means starting and enlightening, Ignition said, and it also signifies the beginning of a new day.

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