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.
Japanese enterprise billing and invoicing software provider LayerX has raised JPY 2bn (USD 13.2m) from Hong Kong’s Keyrock Capital Management, lifting its Series A round to around USD 67.5m
Private equity investors are leaning into energy transition with new funds, strategies, and attitudes about risk as more emerging categories go mainstream. Regulation remains the perennial spoiler
01.AI, a large language model (LLM) launched less than eight months ago by Chinese venture capital firm Sinovation Ventures, has achieved a USD 1bn-plus valuation, according to Kai-Fu Lee, the firm’s founder.
Sugarfit, an India-based health technology start-up that helps people manage type-two diabetes with a view to reversing the condition, has raised USD 11m in Series A funding.
Luca, a Japan-based fundraising platform that aims to give local high net worth investors access to alternatives, has received seed-stage funding from VC investors.
US healthcare and life sciences growth investor Polaris Partners has led a USD 27m Series A round for Singapore-based cancer medicine developer Engine Biosciences.
US-based Algenesis has figured out how to make plastic from algae. Singapore’s Circulate Capital is helping the company bring the technology to Asian manufacturers
Hidden Hill Capital, a private equity firm backed by warehouse operator turned logistics and infrastructure investment manager GLP, has led a CNY 1bn (USD 137m) Series B round for China-based logistics vehicle manufacturer CS Smart.
Aramaco Ventures, a VC unit of Saudi oil giant Aramaco, has led a USD 10m Series A round for Singapore’s Redex, an early mover regionally in renewable energy certificates (RECs).
Temasek Holdings has led a INR 2.25bn (USD 27.5m) pre-Series C round for Indian rocket developer and launch services start-up Skyroot Aerospace.
Lightspeed Venture Partners has led a USD 50m Series B investment in Singapore-based travel wallet and currency exchange app YouTrip.
A renewed focus on safety and sustainability has prompted property developers to consider technology-enabled fixes. IsBIM is riding the wave from Greater China through Asia and the Middle East
Bolt.Earth turned its electric vehicle operating system into the foundation stone for India’s largest charging network aimed at two- and three-wheelers overlooked by mainstream operators
Stilt Studios, a sustainable construction start-up founded by the former co-CEO of Lazada Indonesia, has secured USD 10m in Series A funding – comprising debt and equity tranches – which will be used to support expansion into Australia, Europe, and...
Blackbird Ventures and Airtree Ventures have participated in a USD 18m Series A round for Darwinium, an Australian digital security start-up that moved its headquarters to the US in April.
China-based artificial intelligence (AI) start-up Baichuan AI has raised USD 300m in a first tranche of Series A funding from an investor group featuring Alibaba Group, Tencent Holdings, and Xiaomi.
Indonesia’s Luna, a seed-stage contender in a competitive retail digitalisation landscape, continues to collect VC backers as a patient, diversified gameplan comes into focus
As the streetwear thesis matures, East Ventures is helping bring Singapore’s Novelship, a brand-agnostic, rap star-approved marketplace, to a larger, more diverse audience
Australian deep tech VC firm Main Sequence has joined a AUD 120m (USD 75m) round for Skykraft, a local space tech provider focused on in-orbit air traffic control systems.
Singapore’s Quest Ventures has confirmed an investment of undisclosed size in Vietnam-based robotic prosthetics start-up Vulcan Augmetics.
Chinese inflammatory and metabolic disease drug developer Atom Bioscience has raised USD 83m in Series D funding led by local biotech specialist Kaitai Capital.
Pixocial, an artificial intelligence-enabled (AI) design tool spun out from China-based photo editing app provider Meitu, has raised USD 22m in funding led by Eight Roads.
Voting for the 2023 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks to all those who participated.