Venture
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Japanese VCs invest $4m in social retail app developer
Mitsubishi UFJ Capital and DBJ Capital have joined existing investors DCM Japan, Itochu Technology Ventures and Jafco Ventures, in a JPY400 million ($3.8 million) round of funding for Tokyo-based Tab, the start-up behind the location-based retail recommendation...
Profile: Globis Capital Partners' Yoshito Hori
From bust to boom, Yoshito Hori, CEO and founder of Globis Capital Management, has spent 20 years investing in Japanese VC - a story that is as much about education as it is capital
Saif invests $30m in China fashion platform
Saif Partners China has committed $30 million in a Series C round of funding for Yoho, an online fashion magazine and e-commerce platform.
Japanese VCs invest $1.5m in ad platform Logly
Voyage Ventures, Mizuho Capital, SMBC Venture Capital and strategic investor CA Mobile have together invested JPY120 million ($1.15 million) in Logly, a Japan-based start-up running an internet ad platform.
China game developer Linekong secures $80m Series C round
China online gaming developer Linekong has raised $80 million Series C round of funding led by Fosun International. Other investors include Orchid Asia, Starwish Global, SAIF Partners and Profitable Century International.
Inventus closes Fund II at $106m
Inventus Capital Partners has reached a final close on its second fund at $106 million, exceeding the $100 million target.
Sequoia invests in China Angel Group hospital
Sequoia Capital has invested in a Series B round of funding for Angel Women’s and Children Hospital, a Chengdu-based hospital chain.
IDG, IvyCap back India's FieldEZ Technologies
Bangalore-based FieldEZ Technologies has raised a first round of funding from IDG Ventures and IvyCap Ventures. The amount invested in the workforce management software company was not disclosed.
Canaan leads $5.6m round for India's SureWaves
Canaan Partners has led a INR350 million ($5.6 million) round of funding for SureWaves MediaTech, an Indian TV advertising platform operating out of Bangalore. Existing backers Accel Partners India and India Innovation Fund (IIF) also participated.
Microsoft Ventures backs 19 Asian start-ups
Microsoft Ventures, a corporate VC arm of Microsoft, has selected 19 Asian companies for the fourth batch of start-ups entering its Beijing-based accelerator program.
Matrix leads Series B round for China menstruation app
Matrix Partners China has led a $15 million Series B round of funding for Meet You, a menstruation cycle-tracking mobile app. Founder Fangyi Chen and existing investor China Renaissance K2 Ventures has reportedly participated.
Technology Crossover Ventures leads Series B for Australia's Siteminder
Australian hotel booking start-up SiteMinder has raised $30 million in funding led by Palo Alto-based Technology Crossover Ventures (TCV).
Helion backs India language localization firm
Pune-based LinguaNext has raised a Series A round of funding from Helion Venture Partners to expand its international business. Financial terms of the deal were not disclosed.
Boston Scientific leads round for VC-backed Amaranth Medical
Amaranth Medical, a medical device manufacturer backed by Singapore’s Bio*One Capital and Phillip Private Equity, has received a Series C round of funding from US-listed Boston Scientific.
SoftBank leads $120m round for Chinese app platform Wandoujia
SoftBank Corp. has led a $120 million Series B round of funding for Wandoujia, a Chinese Android mobile app platform. Existing investors DCM and Innovation Works Development Fund (IWDF) also participated in the round.
India Awards: Venture Capital Deal of the Year – Snapdeal
Having brought in eBay as a financial and a strategic partner for its Series C round, online marketplace Snapdeal continues to invest in its technology with one eye on profitability and ultimately a US IPO
India Awards: PE Professional of the Year – Ravi Adusumalli
SAIF India defied a challenging exit market by taking Just Dial public and selling CSS Corp via a trade sale in 2013. Ravi Adusumalli, the firm’s managing partner, sees the weak IPO market as a mixed blessing for PE
Facebook buys VC-backed Little Eye Labs
Within 19 months of starting-up, Bangalore-based Little Eye Labs was snapped up by Facebook to take the social network’s mobile development to the next level. Little Eye Labs was also in talks with Twitter, but Facebook ended up offering a better deal....
BVCF supports anti-viral drug innovation
Since the discovery of RNA interference (RNAi), a natural mechanism for regulating gene expression, in the 1990s, billions of dollars have been invested by the world’s pharmaceutical giants in using this technology to develop therapeutic drugs. A particular...
Qiming hires ex-GGV partner to cover consumer internet space
Qiming Venture Partners has hired Helen Wong, formerly of GGV Capital, as a partner with responsibility for investment in the internet and consumer sectors. The move comes a few months after her predecessor in the role, Hans Tung, left Qiming for GGV.
Canara Bank targets $81m for sixth India VC fund
Canbank Venture, a subsidiary of India’s Canara Bank, plans to start fundraising in April for its sixth VC fund, with a target of INR5 billion ($81.6 million).
Sequoia leads $13m investment in India's BankBazaar.com
Sequoia Capital has led a $13 million round of investment in Indian financial services portal BankBazaar.com. Walden International, which invested $6 million in the company in 2011, also participated in the round.
Cloud billing platform ChargeBee gets Series A backing from Accel
Accel Partners has led an $800,000 Series A round of investment in ChargeBee, an Indian start-up that helps companies manage their subscription billings.
Indonesia’s Bakrie group leads $25m Path round
Indonesian conglomerate The Bakrie Group has reportedly led a $25 million Series C round of funding for Path, a San Francisco-based social network platform. Existing investors also participated in the round, including Greylock Partners, KPCB, Index Ventures,...