Fortune: 1955 Capital Launches to Bridge China and the U.S.

Venture capitalist Andrew Chung is jumping ship from Khosla Ventures, where he led investments in energy tech over the last five years, to start his own firm called 1955 Capital.

Chung, who announced the news on Tuesday morning, has already raised $200 million that he plans to invest in technologies—including energy, food, agriculture, education and health—that can be commercialized in developing countries, specifically China. The idea is to take startups born in the U.S., Europe, and Canada and find ways to grow them in China, where there are unique opportunities and funding sources.