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iLemon Recieves Investment From GSR Ventures

WorldsinMotion: "SR Ventures has announced the closing of a $383 million new fund, 'dedicated to investing in technology companies with operations in China,' with the first investment to be placed in iLemon, the Shanghai-based developer of the (previously mentioned) Music Mogul.

The new fund, GSR Ventures III, was apparently 'over-subscribed,' and GSR Ventures was formed in 2004 with the mission to 'build the next generation of world class technology companies in China.'

GSR invested 9 companies in China in 2008, and had 26 portfolios as of the end of 2008."

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