1955 Capital, a freshly-minted VC founded by former Khosla Ventures partner Andrew Chung, has closed a $200 million USD fund aimed at helping developing countries, and the first country on the fund’s roadmap is China.

The fund will draw on innovations from America and Europe to solve a diverse set of challenges, including China’s air pollution, food contamination, manufacturing sustainability and the healthcare issues associated with an aging population.

“We believe that China, India, and other developing countries face fundamental challenges that put the future of their societies at risk and place severe pressure on governments and business leaders for solutions,” said Mr. Chung in a release on Wednesday. “We founded 1955 Capital because we believe disruptive technology is critical to solving these issues.”

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com