Early-stage
Qiming, Orbimed lead Series A for China's Epigenic
Qiming Venture Partners and OrbiMed Asia Partners have led a USD 32m Series A round for Chinese gene editing therapy start-up Epigenic Therapeutics.
Japan space robot maker Gitai raises $45m
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.
Generative AI in due diligence: Crunching new numbers
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
China's HC Scientific gets $41m Series B extension
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 leads round for space tech start-up
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 leads $50m round for Indonesia EV player IMG
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 backs $139m round for China semiconductor start-up Echint
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.
Japan's PowerX raises $32m Series B
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.
CLP leads $21m Series B for China's Venturous Group
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 VC firm leads $9.4m round for Australia's Pendula
UK-based Octopus Ventures has led a AUD 14.5m (USD 9.4m) round for Australia-based customer retention platform Pendula.
Singapore metaverse player raises $13m seed round
Singapore-based ZTX, which claims to be Asia’s largest metaverse platform, has raised a USD 13m seed round led by US web3 investor Jump Crypto.
Biden clamps down on US investment in Chinese technology
US President Joe Biden has signed an executive order prohibiting outbound foreign investment in China that targets certain sensitive technologies, including semiconductors and microelectronics, quantum information technologies, and artificial intelligence...
India SaaS debt collection start-up Credgenics raises $50m
Credgenics, operator of an India-focused software-as-a-service (SaaS) platform specialising in debt collection and resolution, has raised USD 50m in Series B funding at a valuation of USD 340m.
Citi, MUFG back Singapore digital wealth platform Endowus
Citi Ventures and MUFG Innovation Partners have joined a USD 35m funding round for Endowus, a Singapore-based digital wealth platform that serves high net worth individuals and public pensions.
AVCJ Awards 2023 - nominations have closed
Nominations for the 2023 AVCJ Private Equity & Venture Capital Awards have now closed. Thanks to all who participated. Voting will open in about two weeks.
Deal focus: Topolefin finds favour as import substitution play
China-based Topolefin has gained traction thanks to breakthroughs in polymer science and the willingness of local medical equipment makers to use its components in foreign-dominated supply chains
Australian mining tech start-up Plotlogic raises $28m
Australian mining technology start-up Plotlogic has raised a USD 28m Series B round led by US impact investor Galvanize Climate Solutions and Schneider Electric’s SE Ventures.
RTP leads $17m round for India internet provider
RTP Global has led a USD 17m round for India’s Wiom, a home internet provider for middle and lower-middle-income customers.
Hong Kong's Immuno Cure raises $27m
Hong Kong’s Immuno Cure BioTech, a vaccine and antibodies developer focused on cancers, inflammatory and infectious diseases, has raised USD 27m in Series A funding featuring Gobi Partners.
TDK backs India smart factory start-up
TDK Ventures has invested an undisclosed sum in India’s Infinite Uptime in an apparent extension of a Series B round that has raised more than USD 24m to date.
TNB Aura leads $17m Series A for Vietnam's Gimo
TNB Aura has led a USD 17.1m Series A round for Gimo, a Vietnam-based start-up that operates a wage access platform aimed at underbanked workers.
Deal focus: Exfinity seizes rare India robotics opportunity
India’s Exfinity Ventures stepped out of its comfort zone with Ati Motors. Now it’s helping the industrial robotics supplier go global with autonomous forklift-style machines that can roll in and out of buildings
Australia's Silicon Quantum Computing raises $34m
Australian quantum computing company Silicon Quantum Computing (SQC) has raised a AUD 50m (USD 34m) Series A round featuring Telstra, falling short of a AUD 130m target.
Indonesia's Maka Motors raises $37.5m seed round
East Ventures, AC Ventures, and SV Investment have led a USD 37.6m seed round for Maka Motors, an Indonesian electric vehicle (EV) maker in the R&D phase.