Early-stage
Translink joins $94m round for Germany’s Volocopter
Translink Capital, a US-based VC focused on facilitating cross-border connections with Asia, has joined a EUR87 million ($94 million) for German flying car developer Volocopter.
Malaysia’s Socar gets $18m from Korean investors
Korea’s Eugene Private Equity and KH Energy have provided $18 million in Series A funding to the Malaysian arm of local car sharing company Socar.
Chinese cross-border e-commerce player raises $14m
Cathay Capital has committed RMB100 million ($14 million) in Series B funding to Chinese cross-border e-commerce platform OrderPlus.
Globis backs two Japan marketing services companies
Japan’s Globis Capital Partners has invested in two marketing services providers in separate transactions, including web conferencing player BellFace and data-focused Flywheel.
China-focused online English teaching platform raises $14m
Whales English, a Chinese online language tuition business also known as Jingyu Peiyou, has raised RMB100 million ($14 million) in Series B funding led by Sino Ocean Capital. Hike Capital and Fresh Capital also participated.
Chinese GPs provide Series A for Mexican digital bank
Stori, a Mexican digital bank founded by a team with China backgrounds, has raised $10 million in an extended tranche of Series A led by Source Code Capital and Bertelsmann Asia Investments (BAI). Existing investor Vision Plus Capital also participated.
Indonesia's Eureka AI gets $20m Series B
Eureka AI, an Indonesia-based artificial intelligence-enabled enterprise software platform, has received $20 million in Series B funding led by Apis Partners, Gobi Partners, Riyad Capital’s Riyad Taqina Fund, and MEC Ventures.
Hong Kong crypto finance start-up raises $28m
Amber Group, a Hong Kong-based start-up offering crypto-based financial services, has raised $28 million in a Series A round led by Paradigm and Pantera Capital.
India’s Z3 Partners invests in cybersecurity firm
Indian technology-focused private equity firm Z3 Partners has invested in Cyfirma, an analytics platform that helps enterprise clients identify potential cyber threats.
China space tech: Aligning the stars
SpaceX-inspired global fervor about the possibilities of space technology has infiltrated China. Some start-ups appear well set for commercial lift-off, but many others will misfire
VCs invest Singapore cell-based milk company
A group of US-based investors led by Lever VC has backed an early-stage round of undisclosed size for Singapore’s TurtleTree Labs, which creates milk from cells with no animal needed.
Chinese fashion design platform raises $14m
Linctex Digital, a Shanghai-based design services platform for the fashion industry, has raised RMB100 million ($14 million) in funding led by Gaorong Capital. Shunwei Capital, Vision Plus Capital, Baidu Ventures and Yinxinggu Capital also took part.
GrabWheels gets $30m for Southeast Asia EV rollout
GrabWheels, a unit of Singapore-based ride-hailing giant Grab, has received $30 million from Taiwanese motorcycle maker Kymco for electric vehicle (EV) development in Southeast Asia.
Deal focus: Booktopia prepares for build-out
What was just a side business has become a successful one.
VC and age: No industry for old men
The trendy, shape-shifting world of venture capital is broadly seen as a young person’s game, although hard evidence to this effect remains in scarce supply
Chinese medical imaging business secures $86m Series B
Shanghai-based Universal Medical Imaging, China’s largest independent imaging diagnosis company has raised a RMB600 million ($86 million) Series B round led by Cathay Capital, V Star Capital and CEC Capital.
Australian online book retailer gets $13m
Booktopia, an Australian online retailer specializing in books, has closed a Series A round of A$20 million ($13.4 million), after 16 years of self-funding.
Northstar joins $20m round for Indonesia education start-up
Northstar Group and Beenext have joined a $20 million Series A round for Indonesia’s Zenius Education.
Samsung Ventures backs Japan tourism operator
Samsung Ventures has led a group of Korean investors in a Series B round for H2O Hospitality, which claims to be Japan’s largest vacation rentals provider.
Japan's Global Brain invests biometric ID player
Japan’s Global Brain has led a Series B round of undisclosed size for Gtriip, a biometrics-focused identity authentication technology provider pursuing a pan-Asia expansion.
Chinese genetic testing player for infectious diseases gets Series B+
Chinese genetic testing specialist Genskey raised an RMB50 million ($7.1m) extended Series B round of funding led by Shenzhen-based Fortune Capital. Existing investor Legend Capital re-upped.
RTP Global, Sequoia lead Series B for India’s MoneyTap
Indian app-based lending start-up MoneyTap has raised $70 million in a Series B round led by Aquiline Technology Growth (ATG), RTP Global, and Sequoia India.
Japan's TDK invests air mobility developer
Japan’s TDK Corporation has made a VC commitment of undisclosed size in AutoFlightX, an electric air mobility company based in Germany with a significant China presence.
Raffles Family Office backs Hong Kong co-working space player
Hong Kong-based multi-family office Raffles Family Office will invest $15 million in local co-working space operator WorkTech.