China’s Sailing Capital has raised $77.5 million by selling a portion of its shares in Mobileye, an Israel-based road accident avoidance technology developer that went public in the US in August last year.
The GP sold about 1.9 million shares at $40 apiece, according to people familiar with the situation. Sailing participated in a $400 million funding round for Mobileye in July 2013, alongside with BlackRock,...
AVCJ’s daily bulletin will not be published on May 19 due to a public holiday in Hong Kong.
Gojek and Tokopedia, two of Indonesia’s best-funded technology start-ups, have completed a merger, forming what they claim is the largest mobile on-demand services and payments platform in Southeast Asia.
DCL Investments, one of China’s first private equity firms to focus on distressed assets, is looking to raise RMB3 billion ($466 million) for its latest renminbi-denominated fund.
Japanese microsatellite developer Axelspace has raised JPY2.6 billion ($24 million) in Series C funding from a group of domestic VCs, including Sparx Group.