Early-stage
Singapore e-scooter start-up raises $18.5m
Neuron Mobility, a Singapore-based e-scooter company, has secured a $18.5 million Series A round led by Australia’s Square Peg Capital and US-based GSR Ventures.
ClearVue joins $74 million round for China’s Aibee
Chinese artificial intelligence (AI) start-up Aibee has raised RMB522 million ($74 million) in an extended Series A round led by ClearVue Partners and technology-focused Singularity Power Capital (SPC).
Indonesia e-commerce player Evermos gets $8m Series A
Evermos, an Indonesian social e-commerce company focused on halal and sharia-compliant products, has raised an $8.2 million Series A round from a group of VCs.
Deal focus: One Store brings service to videogaming
A freshly spun-out private equity arm of SK Securities is helping Korea’s One Store break up a local monopoly in mobile videogame marketing.
Korea VC backs SE Asia ride-hailing start-up MVL
Korean VC firm SV Investment has led a KRW5.6 billion ($5 million) round for MVL, which operates the Tada ride-hailing service in Southeast Asia.
Chinese data center operator raises $3.7b Series A
Tenglong Group, a data center operator based in Beijing, has raised a RMB26 billion ($3.7 billion) Series A round led by Morgan Stanley Private Equity Asia and state-owned China Nanshan Development Group.
Chinese biopharma start-up raises $43m Series B
Chinese cancer and autoimmune disease therapy developer Clover Biopharmaceuticals has raised a $43 million Series B round led by local VC Lapam Capital and US private equity firm Delos Capital.
Singapore dental products start-up receives $13m Series A
Zenyum, a Singapore-based manufacturer of 3D-printed cosmetic dental products, has raised $13.6 million in Series A funding from RTP Global, Sequoia Capital India, TNB Aura, and Seeds Capital.
Tencent backs China education service provider
Tencent Holdings has joined an extended Series D round for Gaosi Education, a technology supplier for K12 after-school tutoring institutions in China that has now rebranded as Aixuexi.
Japan health tech player SmartScan gets $10m Series A
SmartScan, a Japanese medical technology supplier focused on software for diagnostics equipment, has raised a JPY1.3 billion ($10.3 million) Series A round from domestic VCs.
Australia’s V2Food raises $35m Series A
Australian alternative protein producer V2Food has secured a $35 million Series A round led by Hong Kong’s Horizons Ventures and Australia’s Main Sequence Ventures.
GGV leads $14m round for Chinese IoT player
Chinese internet-of-things (IoT) operating system provider RT-Thread has raised a RMB100 million ($14 million) Series B round led by GGV Capital. Existing investor Legend Capital re-upped.
China sensor manufacturer secures $7m
Camsense, a Shenzhen-based manufacturer of high-precision vision sensors, has raised RMB50 million ($7 million) in a round led by Chenhui Venture Partners and Feng Yang Capital.
Chinese hotel digital services provider secures $14m Serie A
Htrip, a China-based hotel digital services platform, has raised RMB100 million ($14 million) in an extended Series A funding round, led by Shenzhen Venture Capital.
Chinese cloud-based photo agency raises $14m
Fortune Capital and GF Xinde Investment have led an RMB100 million ($14 million) Series B round for VPhoto, a Chinese cloud-based photo service provider. Tzitzit Asset also participated.
IHH leads $20m round for Singapore science ministry spin-out
Lucence, a cancer screening start-up that spun out from Singapore’s Agency for Science, Technology and Research in 2016, has raised $20 million in Series A funding.
Maritime start-up accelerator launched in Singapore
US-based accelerator business Techstars and Singaporean logistics giant Eastern Pacific Shipping have teamed up for a maritime start-up accelerator in Singapore.
Warburg Pincus, Bessemer invest India's Perfios
Warburg Pincus and Bessemer Venture Partners have led a $50 million Series B round for Indian financial technology provider Perfios.
China SaaS: Dark side of the moon
Venture capital investors in China are turning their minds and manpower to the country’s nascent enterprise software opportunity, but the evolution curve is unlikely to be an exact match of the US
Chinese GPs back $120m Series B for OPay
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.
Xiaomi-backed smart home player raises $100 million
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, Gobi lead $18m round for Indonesia's Travelio
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.
China VCs get more selective - AVCJ Forum
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.
Korean mobile app market One Store gets $86m
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.