Philippines conglomerate Ayala Corporation has confirmed plans for a $150 million venture capital fund that will invest globally in new technologies. It will be managed by local VC firm Kickstart Ventures.
It is being touted as the largest effort of its kind in the Philippines and the country’s first conglomerate-wide strategic VC fund. Ayala said it would seek LP commitments from its affiliates including...
Meten International Education Group, a Chinese online-to-offline (O2O) English language training provider that mainly caters to adult students, has filed for a US IPO. DG Capital is the primary PE investor in the company.
VisVires New Protein, a Singapore-based VC firm specializing in food technology, has launched its second fund with a target of $150 million. Fund I closed at $40 million in 2016.
Shanghai-based drug developer Allist Pharmaceuticals has raised RMB1.2 billion ($171 million) in a Series A round of funding led by Shiyu Capital. Other participants include Loyal Valley Capital and Suzhou Industrial Park Bioventure Investment.
SBI Investment, the VC arm of Japan’s SBI Holdings, has joined a JPY3.8 billion $35 million Series B round for Pixie Dust Technologies, a local company developing novel uses for ultrasonic waves.