The first fund was created by IDG in 1996 and was located in San Francisco. The latest San Francisco fund, formed in 2007, accepted other institutional investors in addition to IDG, which remains a major investor. Following the successful launch of the San Francisco fund, IDG organized its non-publishing investments in China into venture funds. In 2009, IDG Ventures China renamed itself IDG Capital Partners to reflect the breadth of its half dozen funds encompassing start-up venture through growth investments. In 2000, IDG started a fund in Europe; this fund is now closed. In 2001, IDG started a fund in Boston, also named IDG Ventures. The manager of the Boston fund renamed itself Flybridge Capital Partners in 2008 and is no longer associated with the IDG Ventures funds. In the 2000s, IDG started funds in Vietnam, India, and Korea. As of 2013, there are five countries with IDG funds - China, Vietnam, India, Korea and the United States (San Francisco).