Chinese artificial intelligence (AI) developer Megvii Technology has raised $750 million in Series D funding led by Bank of China Group Investment. It brings the company’s valuation to around $4 billion.
Abu Dhabi Investment Authority, ICBC Asset Management, and Macquarie Group also participated. Megvii is said to be preparing for a $1 billion Hong Kong IPO within the year. The capital will be applied...
Generation Asia Acquisition, a special purpose acquisition company (SPAC) sponsored by Roy Kuan, formerly Asia managing partner at CVC Capital Partners, has raised USD 200m through a US offering.
India’s M2P Fintech, a software provider that connects banking infrastructure to consumer-facing technology platforms, has raised USD 56m in Series C funding led by Insight Partners.
BRV Capital Management has led a KRW 170bn (USD 140m) Series C round for Green Labs, a Korea-based agricultural technology start-up seeking to digitalise the food production value chain.
Shoplazza, a China-based software-as-a-service (SaaS) provider specialising in cross-border e-commerce, has raised USD 150m in the first tranche of Series C led by SoftBank Vision Fund II.