The venture capital division of South African media firm Naspers has invested $5 million in Coins, a US-founded blockchain and financial technology company operating in the Philippines.
Lechebang, a Chinese online automobile services platform focused on after-sale services, has completed a RMB300 million ($44 million) Series B round led by Grand Flight Investment.
Acko General Insurance, an Indian online insurance broker, has raised $30 million from a group of investors including SAIF Partners and Accel Partners.
Gree Ventures, which was set up by Japanese mobile gaming company Gree, has closed its second early-stage VC fund at $67 million.
CANbridge Life Science, a Beijing-based clinical-stage biopharmaceutical company focused on developing Western drug candidates in China and North Asia, has raised a Series B round worth $25 million.
Lok Capital has led a $5.6 million Series B round for Indian affordable housing finance company Ummeed Housing Finance.
Jungle Ventures has led a $5.3 million Series A round for Indian online credit platform PaySense.
From Scratch, a Japanese digital marketing platform, has raised approximately JPY3.2 billion ($28.4 million) in funding from Innovation Network Corporation of Japan (INCJ) and Rakuten Ventures, as well as several existing investors.
Vietnam’s start-up ecosystem is gaining prominence as the diaspora community taps local tech talent to create businesses targeting global markets. Expect deal flow to increase substantially in coming years
China Ping An Insurance has led a $75 million Series A round for Huya, the live game broadcasting subsidiary of Chinese social networking platform YY.
Indian financial technology platform EarlySalary has raised a $4 million funding round from IDG Ventures and Dewan Housing Finance (DHFL).
Qiming Venture Partners has led a RMB120 million ($17 million) Series B round for XSKY Beijing Data Technology Corporation, a China-based data storage software services provider.
China-focused GP Maison Capital has led a RMB150 million ($22 million) Series B round of funding for Wook, a cross-border B2B e-commerce platform that focuses on China and Indonesia markets.
China-focused VC firm Pagoda Investment has led a RMB110 million ($16 million) Series A round of funding for Hesai, a Shanghai-based company that develops smart sensing technology solutions.
Hewlett Packard Enterprise (HPE) will launch an incubator program in collaboration with Singapore’s Economic Development Board (EDB) as part of plans to invest $140 million in the city state over the next five years.
Anxin Apartment, a China-based serviced apartment operator, has raised RMB300 million ($43 million) in a Series B round spread across two tranches.
Sequoia Capital China and Banyan Capital have led a RMB350 million ($51 million) Series B round of funding for Xiaodian, a Beijing-based power bank rental company.
China Creation Ventures, a VC firm recently launched by Wei Zhou, formerly a managing partner at KPCB China, has led a Series A round of funding worth RMB110 million ($16 million) for credit evaluation business IceKredit.
South Korean biopharmaceutical developer ExoCoBio has raised an $11 million Series A round from investors including SBI Investment, Atinum Investment, ID Ventures, and Dt&Investment.
Singapore’s National Research Foundation (NRF) has agreed to invest S$150 million ($107 million) over five years in a new multi-agency initiative aimed at fostering an artificial intelligence (AI) development ecosystem.
Venture capital investors increasingly view Southeast Asia as a single market as start-ups focus their attentions on a handful of large cities whose young populations have similar consumption habits
Jungle Ventures' SeedPlus took its time accumulating $18 million from a set of LPs that can offer particular value-add to complement an operationally experienced investment team
China local services platform Meituan-Dianping and Sinovation Ventures have jointly led a RMB160 million ($23m) Series A round for Weiyang, a pig farm business unit owned by Chinese internet firm NetEase.
Tencent Holdings, Sequoia Capital China and Mastercard have all participated in a Series A funding round worth $13 million for Airwallex, an Australia-based cross-border payments company.