Japan Post Capital has led a JPY3 billion ($26.4 million) Series E round for Sansan, a Tokyo-based company that applies cloud technology to business card management services.
Other participants include SBI Investment, DCM Ventures, and T Rowe Price. The capital will be used for an expansion into Southeast Asia. It brings the company’s total funds raised to date to about JPY11.4...
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.