A group of Chinese investors including Gaorong Capital and Sequoia Capital China have joined a $120 million Series B round for Nigerian logistics and payments technology company Opay.
Lumi United, a Chinese smart home appliances and internet-of-things (IoT) solutions provider backed by smart phone maker Xiaomi, has raised $100 million in the third tranche of a Series B funding round.
Pavilion Capital and Gobi Partners had co-led an $18 million Series B round for Indonesia’s Travelio, an Airbnb-style home rentals start-up.
Chinese venture capital firms are doubling down on areas in which they have domain expertise as the spectrum of opportunities widens, industry participants told the AVCJ Forum.
One Store, a Korean mobile app market controlled by SK Telecom, has raised a KRW100 billion ($86 million) round led by local VC firm Kiwoom Investment.
A fund launched by Sony Financial Ventures and Global Brain is among the participants in a JPY4.1 billion ($37.5 million) funding round for Japanese financial technology start-up WealthNavi.
Lori Systems, one of Africa’s largest logistics coordination platforms, has raised almost $30 million in a Series A round led by Hillhouse Capital and Crystal Stream Capital.
Pakistan’s Airlift, a bus-hailing app, has raised a $12 million Series A round led by US-based First Round Capital. It is being called the largest ever Series A in Pakistan.
Akeso Biopharma, a Chinese biotech company specializing in antibody drugs, has raised a $150 million Series D round led by Loyal Valley Capital and Sino Biopharm.
XTransfer has won backing from Alibaba and a string of venture capital investors to provide a bridge to payment services that so many small businesses in China are still forced to go without
Chinese investors recognize the long-term potential in fostering technology-enabled business models in Africa, but reluctance to engage local stakeholders and develop local knowledge is holding them back
Chinese early-stage investor Shunwei Capital Partners has participated in a Series B funding round for Indian motorcycle taxi operator Rapido, drawing comparisons with the growth trajectory of Indonesia’s Go-Jek.
Mobikon, a Singapore-based marketing technology provider for the restaurant industry, has received a $12.5 million Series B round led by Binny Bansal, co-founder of Indian e-commerce giant Flipkart.
Emotibot, a Chinese provider of computer vision and emotional recognition solutions to e-commerce platforms, financial institutions, and call center operators, has raised $45 million in an extended Series B round of funding.
Hetao 101, a Chinese online education platform dedicated to computer programming for children, has raised $50 million in Series B funding.
China Everbright has turned a sub-scale consumer-facing smart door lock manufacturer into an internet-of-things platform catering to enterprise customers. Terminus is now building out its product base
Consumer hardware is a cratered landscape in venture capital, and the risk-reward equation is not particularly well understood. New ways of looking at a traditional industry are needed
Qianxun Spacial Intelligence or Qianxun SI, a high-precision positioning services provider, has raised RMB1 billion ($141 million) in a Series A funding round, taking its valuation past RMB13 billion.
CMC Capital Partners has led a $100 million Series B round of funding round for Midu, an e-book platform operated by Chinese news aggregator Qutoutiao.
Indonesia’s Kejora Ventures and Korea’s InterVest have jointly led a $30 million Series B investment in Malaysian drone technology supplier Aerodyne.
Tencent Holdings, JS Capital, Tiger Global Management, and Prime Venture Partners have provided a $56 million Series B round to India’s MyGate, a security app for gated communities.
Ansun BioPharma, a US-based drug developer led by a former executive at healthcare-focused VC firms Caduceus Asia Partners and OrbiMed, has raised $80 million in Series B funding from a predominantly Chinese investor base.
Little Bear, a Shanghai-based B2B platform that matches buyers with suppliers of renovation materials, has raised RMB130 million ($18 million) led by Immensus Capital, with participation from Matrix Partners China and Yunqi Capital.
Gambol, a Chinese pet food producer has secured a RMB500 million ($70 million) Series B from Legend Capital and Industrial Bank.