Matrix Partners China and HongShan (formerly Sequioa Capital China) have joined a USD 16m pre-Series B round for Qihan Biotech, a genome editing player active in human and agricultural therapies.
US investors Courtside Ventures and Griffin Gaming Partners have led a USD 22m pre-Series B round for Indian social gaming and livestreaming platform Eloelo.
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.
Private equity firms with masses of information, long histories, and long futures will be vulnerable to code-cracking quantum computers perceived as lurking on an inevitable near-term horizon
Chinese pharmaceutical industry services provider Canton Biologics has completed a CNY 300m (USD 41m) Series C round led by state-owned SDIC Venture Capital.
Hong Kong digital life insurance company Bowtie has closed a USD 34.9m Series B round led by the local unit of Sun Life Financial.
Lion X Ventures and Vickers Venture Partners have led a Series B round of approximately USD 20m for Awak Technologies, a Singaporean start-up that makes wearable dialysis treatment devices.
Investors targeting green technology in China are looking beyond saturated areas such as renewable energy projects to opportunities that target unaddressed industry pain points, the AVCJ Private Equity & Venture Forum China 2023 heard.
By investing early and building a diversified portfolio, 500 Global emerged from the technology valuation corrections somewhat unscathed. This gave the firm impetus when raising its third Southeast Asia fund
Protégé Ventures (PV), a student-run venture fund programme set up by the Singapore Management University Institute of Innovation & Entrepreneurship (SMU IIE) has launched a second fund of SGD 500,000 (USD 367,000).
CICC Capital had led a USD 60m Series B round for Grit Biotechnology, a Shanghai-based drug developer that is working on pioneering cancer treatments involving tumour-infiltrating lymphocytes (LIT).
Global Brain and Globis Capital Partners have led a USD 93m Series B round for Josys, a Japan-based IT services provider specializing in helping companies manage devices.
Japan’s Mitsui Sumitomo Insurance Venture Capital (MSIVC) has joined a Series A round for Israel-based nuclear fusion start-up NT-Tao that had raised USD 22m as of February.
T2, a Japanese autonomous driving start-up that focuses on trucking, has raised JPY 3.5bn (USD 24.1m) in Series A funding from a combination of financial and strategic investors.
Qiming Venture Partners and OrbiMed Asia Partners have led a USD 32m Series A round for Chinese gene editing therapy start-up Epigenic Therapeutics.
Japanese space robotics start-up Gitai has lifted its Series B round to USD 45m with a new USD 15m tranche featuring Mitsui Sumitomo Insurance Venture Capital.
Private equity is rediscovering artificial intelligence as a due diligence tool in the wake of ChatGPT. Data security, legal, and technical risks have curbed uptake somewhat, less so for venture
Lake Bleu Capital and Guotai Junan Innovation Investment have led a Series B extension of approximately CNY 300m (USD 41m) for HC Scientific, a manufacturer of DNA sequencing devices used in modern agriculture and healthcare.
Australia’s Airtree Ventures has led a AUD 12m (USD 7.7m) Series A round for HEO Robotics, a local space start-up focused on non-Earth imaging.
Horizons Ventures, a deep tech investment arm of Hong Kong billionaire Li Ka-Shing, has led a USD 50m Series B round for Indonesian electric vehicle (EV) maker Ilectra Motor Group (IMG).
Matrix Partners China has co-led a CNY 1bn (USD 139m) Series B round for Echint, a Chinese chip packaging and testing start-up incubated by VC-backed semiconductor company Eswin.
PowerX, a Japanese start-up developing a “battery tanker” for shipping stored renewable electricity across oceans, has raised a USD 32m Series B round featuring US-based Translink Capital.
Venturous Group, a Chinese smart city platform, has raised USD 21m in Series B funding led by Hong Kong utility CLP Group. It follows a USD 131m Series A in June 2021.
UK-based Octopus Ventures has led a AUD 14.5m (USD 9.4m) round for Australia-based customer retention platform Pendula.