Joei Dai, the former general manager of CyberAgent Ventures China in Beijing, has formed a venture capital firm Gravity Venture Capital (GVC) and is looking to raise $30 million to back...
Fundraising | 07 Jul 2015 |
US early stage investor 500 Startups and Japanese gaming giant Gree have led an undisclosed Series C round investment in Indonesian game start-up Touchten Games.
Early stage | 07 Jul 2015 |
Diandian Yangche, a VC-backed mobile app that focuses on automotive after-sales services in China, has raised a $60 million Series C round of funding from undisclosed investors.
Greater China | 07 Jul 2015 |
Nova Founders Capital and Caixa Capital have led a $3 million Series A round for Malaysia-based eyewear retailer GlassesGroupGlobal.
Southeast Asia | 07 Jul 2015 |
Beijing-based Hillhouse Capital and Belgium's Sofina have led a $29 million Series C round for Indian drink maker Hector Beverages.
South Asia | 07 Jul 2015 |
Unicorn Capital Partners, a new China-focused venture capital fund-of-funds launched by Emerald Hill Capital Partners' former head of North Asia Tommy Yip, has secured initial commitments of $12 million for its maiden fund - Unicorn Partners Fund I.
Fund-of-funds | 07 Jul 2015 |
Japan's Recruit Holdings has acquired VC-backed UK edutech start-up Quipper for $40 million.
North Asia | 06 Jul 2015 |
Ardent Capital has committed $2.5 million to Bizzy, an Indonesian provider of business-to-business (B2B) e-commerce services.
Southeast Asia | 06 Jul 2015 |
Oriza Holdings and SF Express, a Chinese logistics company, have led an $80 million Series A round of funding for 100MSH, a start-up that provides public Wi-Fi networks to commercial operators.
Greater China | 06 Jul 2015 |
Wanda Group, Tencent Holdings and CITIC Capital have participated in a RMB6 billion ($967 million) financing round for Tongcheng Network Technology, a VC-backed Chinese online travel agency.
Greater China | 04 Jul 2015 |
Amazon India has led a INR3.75 billion ($60 million) Series C round for Indian financial marketplace BankBazaar.com, with participation from Fidelity Growth Partners and Mousse Partners, along with existing investors Sequoia Capital and Walden International.
South Asia | 03 Jul 2015 |
Chinese social networking site Renren has led a $50 million Series B round for Shenzhen Jinfuzi Network Technology, a Chinese online wealth management platform.
Greater China | 03 Jul 2015 |
Australian cancer and cardiovascular treatment provider GenesisCare, which is owned by KKR, has bought cancer center manager Cancer Partners UK from its private equity backer, Apposite Capital.
Australasia | 03 Jul 2015 |
Cathay Capital Private Equity has launched a Sino-French Innovation Fund that is looking to invest in start-ups in France, China and the US.
Greater China | 03 Jul 2015 |
Ascendent Capital Partners has reached a first and final close on its second China fund at the hard cap of $600 million. The vehicle has been in the market for around four months, following an official launch in March.
Fundraising | 03 Jul 2015 |
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South Korea continues to solidify its position as a premier destination for Asian private equity and venture capital investments. In 2014, nearly US$11 billion was invested into South Korean companies with exits topping US$8 billion, the highest return figures in the last 10 years. It is easy to see why international and domestic GP's hold South Korea in high regard, being one of few Asian destinations where large leveraged buyouts are possible.
Venture capital is also gaining momentum as the Park Geun Hye-led government continues to advance on initiatives to promote innovation and foster SMEs. With capital inflows and creative input from local and international VCs, South Korea is living up to its reputation as a flourishing venture ecosystem as we witness the rise of angel consortia, accelerators, and local offices for established VC funds.
This intensive and highly focused event will provide front row seats into one of Asia's most vibrant private equity markets. Key players will share their views on private equity and venture capital in Korea, Asia and beyond.
15 September 2015, South Korea- Westin Chosun, Seoul
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
25-26 June 2015, Conrad Hotel, Tokyo