Pacific Century Group’s insurance technology business, Bolttech, has extended a recent $180 million Series A round to $210 million in total.
Australian private equity firm Liverpool Partners has acquired a majority stake in Seven Miles Coffee Roasters, a branded coffee supplier to the local cafe segment.
Hong Kong-based Airwallex has raised a $200 million Series E round led by Lone Pine Capital at a valuation of $4 billion. A $300 million Series D in March valued the company at $2.6 billion.
Japan Investment Corporation aims to help a sparse venture capital market catch up with a slightly more mature buyout space. Balancing private and public interests remains the key challenge
The debut fund from Hong Kong’s Lever VC has tapped an infection point in global demand for food innovation. A mix of motivators for entering this space makes the hype feel less like a bubble
8F Asset Management, a Singapore-based GP dedicated to developing a sustainable salmon business, has hit a first close of $61 million on its second fund, which will build out Southeast Asian operations.
Indian used car platform Cars24 has closed a $450 million Series F round and received $110 million in debt funding. It nearly doubles the company’s valuation to $1.84 billion.
Invesco has announced a $100 million commitment to Indian financial technology provider Pine Labs. It comes two months after the company closed a $600 million pre-IPO round.
500 Startups has closed its largest-ever global fund at $140 million, while simultaneously rebranding as 500 Global and expanding its strategy to include later-stage deals.
Australian design and workplace collaboration platform Canva has raised $200 million at a valuation of $40 billion - up from $15 billion five months ago and $3.2 billion in 2019.
Korea’s STIC Investments has led a $100 million round for Carousell, a Singapore-based mobile classifieds marketplace for secondhand goods, at a valuation of $1.1 billion.
Indonesian digital payments infrastructure provider Xendit has raised a $150 million Series C round led by Tiger Global Management at a valuation of around $1 billion.
Hong Kong-based food tech investor Lever VC has reached a final close of $80 million on its debut fund, which launched in August last year with a target of $50 million.
Australia-based hotel booking platform has raised a A$100 million ($73 million) pre-IPO round led by BlackRock and AustralianSuper.
Indian blue-collar workforce management platform BetterPlace has raised a $24 million Series C round led by CX Partners and Jungle Ventures.
EQT-owned Nexon Asia Pacific, an Australia-based IT services provider, has acquired local counterpart Veridian Solutions for an undisclosed sum. This is its third bolt-on in as many months.
GP-LP reporting in the age of remote portfolio assessments and stilted video catchups leaves much to be desired. Both sides are trying to bridge the divide, but no best-practice approach has emerged
Square Peg Capital has led a $55 million Series B round for Indonesian micro-savings and micro-investment app Pluang.
Singapore-based Jungle Ventures has reached a first close of $225 million for its fourth Southeast Asia fund after four months in the market. The target is $350 million.
IIFL Asset Management has led a $50 million Series E round for Indian interior design start-up HomeLane.
US education technology specialist Owl Ventures has led a $55 million Series C round for Leap Finance, an Indian start-up that helps students pay for overseas studies.
The Carlyle Group’s Japan team has completed its first minority deal, participating as a cornerstone investor in a JPY24.4 billion ($221 million) round for local biomaterials developer Spiber.
PayPal has agreed to buy Japan’s Paidy, a specialist in deferred e-commerce payments backed by several private equity investors, for about JPY300 billion ($2.7 billion).
Baring Private Equity Asia has invested $150 million in Singapore-based game developer Virtuos, becoming the largest external shareholder.