Future Capital has closed its third US dollar-denominated fund at $100 million. The Chinese VC firm will continue its strategy of backing start-ups with technologies that drive industrial upgrades and improve consumer experience.
LP commitments came from foundations, family offices, fund-of-funds, and entrepreneurs. While some investors were re-upping from previous funds, Future Capital brought in financial institutions and European...
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.
India and Southeast Asia-focused Panthera Growth Partners has reached a first close on its second fund with commitments amounting to more than half the overall target of USD 250m.