Singapore-based Jungle Ventures has closed its third early-stage Southeast Asia VC fund at $240 million, more than doubling the previous vintage.
Fund III was launched last year with a target of $150 million, which was increased to $200 million in December due to strong investor interest. A first close of $175 million came in April, following another...
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations, has raised a RMB900 million ($128 million) Series D round led by China Capital Investment Group. Xiaomi Corporation also participated.
Chinese biotech start-up Harbour BioMed has raised $102.8 million in Series C funding. It comes four months after it closed an extended Series B round of $75 million.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners are poised to make a partial exit from Vietnamese dairy producer International Dairy Products (IDP).
BlueCity Holdings, the VC-backed holding company for Chinese gay dating platform Blued, traded strongly after raising $84.8 million through a NASDSAQ IPO.