Australian venture capital firm Square Peg Capital has raised USD 550m across two vehicles, including its fourth flagship early-stage fund and a follow-on fund.
At least USD 450m of the amount raised is for Fund IV, according to AVCJ Research. The follow-on fund appears to be Square Peg’s first, although it has been styled as Opportunities Fund 2. Internally,...
GGV Capital’s Asia business will sever ties with the firm’s international operation – switching to separate partnerships and a distinct brand – as venture capital continues to feel the impact of the US and China’s conflicting technology agendas.
A consortium led by Japan Industrial Partners (JIP) has successfully completed a tender offer for Toshiba Corporation, paving the way for a JPY 2trn (USD 13.6bn) privatisation of the company.
Peak XV Partners, formerly Sequoia Capital India, and Elevation Capital have led a USD 12m Series A round for Indian visa platform Atlys with support from Andreessen Horowitz.
Pacific Equity Partners (PEP) has agreed to pay AUD 272.1m (USD 174m) for a 50% stake in LMS Energy, a biogas-to-energy and solar renewable energy business held by Australian metals recycler Sims.