Venture
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Japan’s D4V closes debut venture fund at $46m
D4V, a firm set up by Japanese seed-stage investor Genuine Startups and US-based design consultancy Ideo, has closed its debut venture capital fund with more than JPY5 billion ($46 million) in commitments.
Sinovation confirms Fund IV close at $500m
Chinese VC firm Sinovation Ventures has confirmed a final close for its fourth fund at the targeted corpus of $500 million.
Ron Cao's Sky9 raises $200m for China VC fund
Sky9 Capital, a venture capital firm established by Ron Cao (pictured), formerly of Lightspeed China, has closed its debut US dollar-denominated fund at $200 million.
PE to find few inroads in renewable energy
Renewable energy appears set to remain a fringe interest for private equity investors despite rapid sector growth and significant opportunity for disruption.
China car-sharing business gets $20 million
Like Chuxing, a Chinese car-sharing start-up, has raised $20 million in a combination of seed and Series A funding.
Sequoia leads $48m round for China online baby products retailer
Sequoia Capital China has led a RMB300 million ($48 million) Series C round of funding for PatPat, a China-based e-commerce platform operator that exports maternal and infant products overseas.
Chinese fintech start-up raises $159m Series C
China Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has led a RMB1 billion ($159 million) Series C round for 100Credit, a financial technology start-up that uses big data to provide credit services.
Singapore's Zimplistic gets $30m Series C round
Singapore-based household automation technology developer Zimplistic has raised a $30 million Series C funding round led by Credence Partners and EDBI.
BBVA backs China Sinovation Ventures’ fourth fund
Spanish bank BBVA has committed $50 million to Chinese VC firm Sinovation Ventures’ latest US-dollar denominated fund.
China’s Qiming raises $1.39b across three VC funds
Qiming Venture Partners has closed two China-focused VC funds – including its sixth US dollar-denominated vehicle and fifth renminbi-denominated vehicle – and a newly-established US healthcare fund, with $1.39 billion in aggregate commitments.
India's Reliance to acquire VC-backed Embibe
Indian conglomerate Reliance Industries has agreed to invest up to $180 million for a 73% stake in Embibe, a domestic educational technology start-up backed by Kalaari Capital and Lightbox Ventures.
Chinese healthcare SaaS platform raises $48m
Taimei Medical Technology, a Chinese cloud-based software provider that serves pharmaceutical companies and clinical research organizations (CROs), has raised RMB300 million ($48 million) in Series D funding.
Warburg Pincus leads $44m round for China’s Sensors Data
Warburg Pincus has led a $44 million Series C round of funding for Sensors Data, a Beijing-based big data analysis company.
Panasonic invests $100m in US-Japan VC fund
Panasonic has committed $100 million as the sole LP in a fund managed by US-based Conductive Ventures that will focus on helping technology start-ups access Japanese markets.
VC-backed YY spin-out Huya files for US IPO
Huya, a Chinese game broadcasting business that spun out from social networking platform YY and raised capital from Tencent Holdings and several VC investors, has filed for an IPO in the US.
China’s Meiliche Jinrong raises another $38m
Meiliche Jinrong, the online auto finance unit of Chinese consumer loans site Meili Jinrong, has raised an additional RMB239 million ($37.88 million) for its Series B round.
China’s Meituan-Dianping acquires PE-backed Mobike
Meituan-Dianping, China’s largest online-to-offline (O2O) local services platform, has agreed to buy full control of bike-sharing company Mobike. Both companies are backed by Tencent Holdings and have received substantial private equity funding.
China’s Source Code hires former Commonfund Asia head
Jireh Li, formerly chief representative for Asia at US-based fund-of-funds Commonfund Capital, has joined Chinese venture capital firm Source Code Capital as an executive director.
Tencent leads $80m round for China’s Miaoshou Doctor
Tencent Holdings has led a RMB500 million ($80 million) Series C round for Miaoshou Doctor, a China-based healthcare services provider.
Alibaba to acquire China’s Ele.me at $9.5b valuation
Alibaba Group has agreed to acquire all the remaining shares of Ele.me, a Chinese food delivery platform backed by several private equity investors, in a transaction that values the company at $9.5 billion.
China's Bilibili completes $483m US IPO
Bilibili, a VC-backed Chinese animation streaming platform, ended its first day of trading on NASDAQ slightly below its IPO price following a $483 million offering.
VCs back $60m round for US, China-based Singlera Genomics
Chinese VCs Green Pine Capital Partners and Prosperico Ventures have led a $60 million Series A investment in US and China-based cancer diagnosis specialist Singlera Genomics.
VCs invest $15m in Australian space, IoT start-up
Myriota, an Australian space technology company focused on orbital internet-of-things (IoT) connectivity systems, has closed a $15 million Series A round led by Main Sequence Ventures and Blue Sky Venture Capital.
Cathay launches $239m China smart energy fund
Cathay Capital Private Equity has launched a fund with a targeted corpus of RMB1.5 billion ($239 million) for investment in emerging technologies and business models in the Chinese energy sector.