Shanghai-based Volcanics Venture has raised US$72.8 million of its proposed US$100 million fund from 14 investors, according to its security filing with the U.S. Securities and Exchange Commission. Volcanics Venture is focusing on capital investments in early or growth stage companies with rapid growth in the fields of internet innovation, healthcare and smart technology. The fund made its first sale to investors on May 4, according to the filing. Its portfolios include travel service provider Ctrip, healthcare and medical mobile … China’s Volcanics Venture Raises $72.8M Fund For Early Stage Investments appeared first on China Money Network.