Emerging markets private capital fundraising – led by emerging Asia – reached its highest point since the before the global financial crisis in 2017, according to EMPEA, with capital dispersed more evenly across different strategies than ever before.
Singapore will support local start-ups through a S$100 million ($76 million) intellectual property (IP) commercialization fund, with Temasek Holdings set to provide at least half the capital.
Victor Chua has left a position as vice president focusing on Southeast Asia at Gobi Partners to launch his own Malaysia-based VC firm, Vynn Capital.
Omnivore Partners has reached a first close of $46 million on its second fund targeting agriculture investments in India.
Indonesian early-stage VC investor Intudo Ventures has raised $20 million for its debut fund - having closed the vehicle last year at $10 million but subsequently reopened it due to increased investor interest.
Chinese early-stage venture capital firm Sinovation Ventures is looking to raise $500 million for its fourth US dollar-denominated fund.
B Capital Group, a venture capital firm established by Facebook co-founder Eduardo Saverin, has raised $360 million for a fund focused on start-ups that are ready to scale globally.
Baidu Ventures, an independent VC firm set up by Chinese internet player Baidu, has achieved a first close of more than RMB2 billion ($318 million) on its second renminbi-denominated fund that focuses on artificial intelligence (AI).
Legend Star, the early-stage investment arm of China’s Legend Holdings, has closed its third VC fund at RMB800 million ($127 million).
Japan-focused Spiral Ventures – known as IMJ Investment Partners until spinning out from its corporate parent last year – has closed its debut fund at JPY7 billion ($64 million).
Indian VC firm 3one4 Capital has closed its second early stage fund at INR2.5 billion ($39 million), exceeding its target of INR1.5 billion.
University of Tokyo Edge Capital (UTEC) has raised JPY15.5 billion ($142 million) for its fourth fund intended to support the development of research conducted at the university into start-ups.
SBI Investment, the VC arm of Japan’s SBI Holdings, has launched a JPY50 billion ($450 million) fund that will focus on artificial intelligence (AI) and blockchain technology.
Indian early-stage investor Pi Ventures has announced a second close of $25 million on its debut artificial intelligence (AI)-focused fund.
Automotive giants Renault, Nissan Motor and Mitsubishi Motors have launched a venture capital fund that will invest $1 billion in advanced car technologies with a strong presence in Asia.
Chinese internet giant Baidu has launched a $200 million fund with Singapore technology conglomerate Asia Mobility Industries (AMI) that will focus on autonomous driving and intelligent transportation.
J.P. Gan and Nisa Leung, managing partners at Qiming Venture Partners, discuss the latest trends they are seeing in China’s consumer internet and healthcare spaces
Lilly Asia Ventures’ rapid-fire $450 million fundraise reflects increasing LP interest in the opportunities offered by the Chinese healthcare sector
James Huang, a managing partner at KPCB China, has launched his own healthcare-focused investment firm to put his incubation and operational skills to work with a new generation of Chinese start-ups
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
China’s 6 Dimensions Capital, which was formed through the merger of WuXi Healthcare Ventures and Frontline BioVentures, has raised approximately $844 million for its debut healthcare fund.
Indian technology start-ups are seeing corporate venture capital arms as attractive partners, but investors must be prepared to show what differentiates them from their parent companies, industry participants told the AVCJ India Forum.
Chinese start-up accelerator Comb+ and the Beijing Institute of Collaborate Innovation have jointly launched a fund targeting EUR65 million ($77 million) that will invest artificial intelligence (AI) companies expanding into China.
David Pierce of HQ Capital, Gary Rieschel of Qiming Venture Partners, Shangzhi Wu of CDH Investments, and Weijian Shan of PAG Asia Capital on China's emergence as a private equity and venture capital destination