PRINT THIS PAGE BlueRun Ventures opens Shanghai office, appoints Andrew Chen30/08/2005. Source: AltAssets. 
 Early stage venture capital fund BlueRun Ventures, formerly known as Nokia Venture Partners, has opened a new office in Shanghai, China, and appointed Andrew Chen as investment director for the office. The expansion follows the firm's recent announcement of its latest $350m fund.
Previously Chen was business director with Silicon Storage Technologies and a management consultant with McKinsey & Company in Shanghai. He started his career as a circuit designer at Bell Labs Lucent Technologies in New Jersey, USA.
Jui Tan, partner of BlueRun Ventures, said, 'China not only has become a dynamic region for innovations but also increasingly the first entry market for technology start-up companies.'
'By having a presence in Shanghai and Andrew joining us, we hope to expand our investments in best-of-breed technology companies in China and also help our portfolio companies in the US and Europe to develop business partnerships in China. Through our limited partner, Nokia, we will also be working synergistically with Nokia Ventures Organization Asia in wireless and consumer related investments, with the goal of enhancing financial returns for our investors,' Tan continued.
Chen said, 'BlueRun Ventures has a global platform of people and best practices that can help Chinese start-ups become leading global companies.'
BlueRun Ventures is a global venture capital fund focused on early stage companies in the IT, mobile and consumer markets. BlueRun Ventures, headquartered in Menlo Park, California, has offices in Helsinki, Herzelia, London, New Delhi, Seoul, Shanghai, Tokyo and Washington, D.C.
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