Early-stage
MDI leads Series A for Indonesia cloud kitchen
MDI Ventures, the corporate VC arm of state-controlled Telkom Indonesia, has led a USD 13.7m Series A round for local cloud kitchen start-up Legit Group.
Australia cybersecurity start-up raises $20m
Australian cybersecurity start-up Fivecast has closed a USD 20m Series A round led by Ten Eleven Ventures, a US-based specialist in cybersecurity.
Prosus, Accel back India SaaS procurement platform
Prosus Ventures and Accel have led a USD 11m Series A round for Spendflo, an India-founded software-as-a-service (SaaS) procurement management platform now headquartered in the US.
Deal focus: Hong Kong’s Gryfyn issues web3 passport
Gryfyn, the latest project from Hong Kong’s Animoca Brands, has attracted several VC investors, most of which are not existing backers of its parent. The mission is simple: expand the metaverse
Shunwei leads $10m round for China RPA player
Naturobot, a China-based robotic process automation (RPA) start-up, has raised a new round amounting to about USD 10m led by Shunwei Capital.
Singapore quantum computing start-up secures $18.1m
Singapore’s Horizon Quantum Computing has raised USD 18.1m from a group including Sequoia Capital India and Tencent Holdings.
VCs back Indonesia battery-swapping scooter maker
Ondine Capital, a Southeast Asia-focused VC firm set up by investors from China's CICC Capital and JD.com and Indonesia's MediaTek, has invested in Indonesian battery-swapping scooter maker Swap Energy.
CCV leads round for China chip designer Cmind-Semi
Cmind-Semi, a China-based wireless communication chip designer, has raised a pre-Series A round led by China Creation Ventures (CCV). Existing investors Walden International Investment and Legend Capital also took part.
Japan 'deskless workforce' start-up raises $23m
Japan’s Coral Capital has led a JPY 3bn (USD 23m) Series B round for Kaminashi, a local software start-up targeting an under-digitalised blue-collar segment it calls the “deskless workforce.”
China autonomous truck developer DeepWay raises $112m
China’s DeepWay, a smart electric truck developer established by Baidu, has raised CNY 770m (USD 112m) in an extended Series A round featuring SB China Venture Capital (SBCVC).
LG backs US, China autonomous logistics start-up
LG Technology Ventures, the Silicon Valley-based VC arm of Korea’s LG Group, has led a USD 28.8m Series A round for US and China-based logistics automation player Venti Technologies.
China GPs re-up in ArriVent Biopharma's $155m Series B
Assorted Chinese investors have participated in a USD 155m Series B round for US-headquartered ArriVent Biopharma, which targets drug candidates emanating from emerging biotech hubs, including China.
GP profile: Square Peg Capital
Square Peg Capital came of age at the same time as the Australian and Southeast Asian VC ecosystems, straddling the two with a toehold in Israel. The idea was to think big, not get big. It’s doing both
Deal focus: China SaaS gets specific
Investors are gradually returning to China’s software-as-a-service space with an appetite for industry specialists rather than generalists. The CDH Investments-led Series B for 1Data is a case in point
CDH leads Series B for China RPA player 1data
1Data, a China-based robotic process automation (RPA) company, has raised close to CNY 200m (USD 29.2m) in Series B funding led by CDH Investments.
Samsung backs Korea autonomous delivery start-up
Samsung Venture Investment has invested in Korea’s Neubility, a robot maker aiming to “automate urban sidewalks” via autonomous rolling boxes capable of on-demand deliveries.
China pool cleaning robot start-up gets $29m angel round
GL Ventures, Shunwei Capital, and Source Code Capital have participated in a CNY 200m (USD 29m) angel round for Xingmai Innovation, a China-based developer of robots that clean swimming pools.
China energy storage player Weview raises $87m
Weview, a China-based battery manufacturer, has raised a Series A of CNY 600m (USD 87m) led by two state-backed investors - Guohe Xinli, which is a fund under the State Development & Investment Corporation (SDIC) and Zhuhai-based Da Heng Qin Group.
Singapore electronics marketplace Reebelo extends Series A to $50m
Singapore electronics marketplace Reebelo has lifted its Series A round to USD 50m with a USD 29m commitment led by Cathay Innovation.
Malaysia's Khazanah launches start-up programme
Malaysian sovereign wealth fund Khazanah Nasional has launched a VC collaboration and start-up investment programme with an initial MYR 180m (USD 40m).
China generative AI player LangBoat gets pre-Series A
LangBoat, a China-based generative artificial intelligence (AI) company, has raised a pre-Series A round led by Beijing Zhongguangcun Science City. Eight Roads and Sinovation Ventures re-upped.
China cell therapy developer Neowise raises $29m
Chinese cell therapy company Neowise has raised an extended Series A round of CNY200m (USD 29m) from a group including Oriza Seed Fund Management and Marathon Venture Partners.
Deal focus: Glimmer in a dormant Pakistani ecosystem
Pakistan’s Trukkr quietly spent a hardscrabble pre-seed period building infrastructure while competitors leveraged a short-lived VC boom to grow quickly. The patience appears set to pay off
Deal focus: K-wave media savvy explores new markets
Korean audience interaction technology provider Bemyfriends hopes a sizeable Series A round led by Cleveland Avenue, a lifestyle-focused VC firm in the US, will jumpstart a global expansion