Taiwan’s MediaTek commits $10m to new Walden Riverwood fund
Gaintech, a unit of Taiwanese fabless semiconductor producer MediaTek, has committed $10 million to the latest fund launched by early-stage tech venture capital firm Walden Riverwood Ventures.
According to a filing, the fund - called WRV II - is seeking to raise $325 million. US-based Walden Riverwood Ventures was formed by Lip-Bu Tan and Michael Marks, founders of Walden International and Riverwood Capital.
Tan established Walden International in 1987. The firm specializes in cross-border and early-stage technology investments. He is also a president and CEO of Cadence Design Systems. Marks is a founding partner of US-based Riverwood Capital, a PE firm that invests in high growth technology companies globally. Prior to that, Marks was a partner and senior advisor at KKR.
The two firms previously co-invested on three deals: Ambarella, Aptina Imaging and GoPro.
Three months ago, MediaTek launched a $300 million venture fund that will invest in global start-ups. The fund is managed by the newly-established MediaTek Ventures, which will target semiconductor system and devices, internet infrastructure, services and internet-of-things.
More on Greater China
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.