Bcause, a US-based cryptocurrency services company backed by SBI Holdings has received a commitment of undisclosed size from China Health Checkmate (CHC) to support an Asian expansion.
Lattice80, a UK-based group that operates financial technology co-working spaces and accelerators globally, has established a new base in Hong Kong.
India’s IvyCap Ventures has launched an angel fund targeting INR600 million ($8.2 million) that will make seed to Series A-stage investments.
Capillary Technologies, a Singapore-headquartered artificial intelligence (AI) analytics provider with a substantial presence in India, has received funding from Warburg Pincus for a Chinese expansion.
Accel Partners has led a INR1 billion ($13.6 million) Series E round for Indian fashion retailer Universal Sportsbiz (USPL).
SBI Investment has joined a $17.7 million funding round for Meltin, a Japanese company focused on combining robotics with bio-signal processing.
Momenta, a Chinese developer of autonomous driving technology backed by a number of VCs, has announced a fresh funding round of undisclosed size at a valuation of $1 billion.
China has set a compelling example for establishing a diversified and deeply penetrated digital banking industry in a developing economy. India and Southeast Asia are taking notes
Bain Capital Private Equity has set a target of $3.5 billion for its fourth Asia fund and is expected to complete a first and final close in December.
Quintet Partners, an Australian investment firm established by a former Citigroup banker, has acquired a significant stake in Talent, a locally based staffing and recruiting company focused on the IT sector.
L Catterton Asia has made a partial exit from Chinese mall operator Sasseur citing ongoing efforts to optimize its portfolio.
Advent International has made an investment of undisclosed size in Indian packaging industry supplier Manjushree Technopack. It facilitates an exit for Kedaara Capital.
Hong Kong’s CLSA has launched an investment unit called AlphaLabs that will back early-stage financial technology companies in Asia.
RoboSense, a VC-backed company based in China that develops sensing technology for autonomous cars, has raised about $45 million from strategic investors including Alibaba Group and domestic carmaker SAIC Motor Group.
Industry participants at the AVCJ Philippines Forum praised the country’s macro fundamentals but attributed slow maturation of the local investment environment to a range of complex underlying factors.
New trade legislation in the US is set to have important ramifications for Chinese private equity deal making in a range of data-related technology segments. Macro effects, however, may be muted
Sequoia Capital India has led an approximately $27 million investment in Indian logistics services company BlackBuck.
The family office of Joe Hirao, founder of Japanese media platform ZigExN, has led a $30 million Series E round for Indian used-car trading marketplace Droom.
The Riverside Company has sold Australia’s Global Orthopaedic Technologies (GOT) for an undisclosed sum to Corin Orthopaedic, a UK-based firm recently bought by Permira.
KKR and Tencent Holdings have led a $175 million investment in a financial technology unit of Philippines telecom giant PLDT. It is said to be the largest ever investment in a local technology company.
Mitsui & Co has led a $40 million Series B round for Campana Group as the data network infrastructure company advances the installation of an undersea fiber cable system between Singapore and Myanmar.
Venturra Capital has led a $26 million Series A round for First Circle, a Philippines-based lending platform operator focused on small to medium-sized enterprises (SME).
A group of VCs specializing in blockchain-related investments has backed a $20 million round for The AI Grid Foundation, a Singapore-based company that promotes decentralized renewable energy usage.
New Zealand’s Direct Capital has exited its remaining 13.7% stake in domestic carpet manufacturing industry services provider Cavalier Wool Holdings (CWH) for an undisclosed sum.