MDI Ventures, the corporate VC arm of state-controlled Telkom Indonesia, has launched a USD 20m fund with domestic vaccine manufacturer Bio Farma that will pursue early and growth-stage healthcare investments.
State-owned Bio Farma will serve as LP and provide the entire corpus. It will also provide strategic support to portfolio companies, leveraging its resources to act as a go-to-market channel. To this end,...
Beijing-based autonomous driving solutions provider PhiGent Robotics has raised a USD30m Series A round led by Ince Capital. Previous investors such as Atypical Ventures, 5Y Capital, and GSR Ventures re-upped.
China-based BlueRun Ventures has closed its third US dollar-denominated China fund and third renminbi vehicle with aggregate commitments of CNY 5.5bn (USD 819m).
Temasek Holdings-owned Azalea Investment Management is further expanding retail exposure to private equity through its latest issue of bonds – worth USD 754m in total – backed by LP interests in funds.
Hong Kong’s Betatron Venture Group has reached a first close of USD 15m on its latest fund, which will make early-stage investments across South and Southeast Asia. The target is USD 50m.