Early-stage
China big data start-up gets $30m Series C
Yonghong Tech, a Chinese big data analytics software provider, has raised RMB200 million ($30 million) in Series C funding from Tencent Holdings’ VC unit, Yuansheng Capital, Oriental Fortune Capital, and Matrix Partners.
Siam Commercial Bank unveils fintech strategy
Thailand's Siam Commercial Bank (SCB) has formally announced a financial technology investment strategy aimed at improving customer experience while encouraging domestic start-ups to keep up with changes in the global market.
Bertelsmann leads $17m Series B for India's Treebo
Bertelsmann India Investments has led a INR1.12 billion ($17 million) Series B round of funding for Indian budget hotel chain Treebo.
China VCs back $25m round for Austrian entertainment group
China Growth Capital has led a $10 million Series B-plus round of funding for Austria-based media company Juzi Entertainment. It brings the Series B to $25 million overall.
Hong Kong's Quantifeed gets $4.5m Series A round
China’s PGA Venture Partners has led a $4.5 million Series A round of funding for Hong Kong-based financial services software provider Quantifeed.
SBI leads $17.5m investment in Thailand's Omise
Japan’s SBI Investment has led a $17.5 million Series B funding round for Thailand-based online payment services provider Omise.
Diamedica gets $4m for China push
Hermed Capital Healthcare Fund, a PE vehicle managed by Shanghai Fosun Pharmaceutical Group and Korea’s SK Group, has committed $4 million to a China expansion drive by US-based Diamedica.
500 Startups raises $8.3m for enlarged Thai fund
US-based 500 Startups has received $8.3 million in LP commitments for its Thailand-focused early-stage fund 500 TukTuks after expanding its targeted scope on the back of increased investor interest.
IFC to support Unitus-backed emerging markets accelerator
The International Finance Corporation (IFC) plans to support an accelerator fund launched by Capria Ventures – an impact investment firm sponsored by Unitus – that will focus on South and Southeast Asia, Sub-Saharan Africa and Latin America.
VCs invest $44m in China mobile app developer DotC United
DotC United, a Hong Kong-based mobile app publisher, has raised a RMB300 million ($44 million) Series A round of funding from several Chinese VC investors, including Banyan Capital and Chengwei Capital.
Legend Capital leads $14m round for China's Udesk
Legend Capital has led a RMB100 million ($14 million) Series B round of funding for Udesk, a China-based customer service outsourcing business.
DCM leads $10m round for China big data specialist
DCM Ventures has led a $10 million round for SequoiaDB, a Chinese big data software developer, followed by existing investor Qiming Venture Partners.
BOV Capital launches $14.9m Sri Lanka VC fund
Sri Lanka and Singapore-based venture firm BOV Capital has launched its maiden INR1 billion ($14.9 million) vehicle, with a mandate to invest in early-stage Sri Lankan technology companies.
Singapore's Paktor raises $10m for Japan, Korea expansion
Paktor, a Southeast Asia-focused mobile dating app, has raised $10 million in a new round of funding led by Japan’s YJ Capital, the corporate venture arm of Yahoo Japan.
IIFL, Accion lead round for Indian fintech startup NeoGrowth
IIFL Asset Management and Accion Frontier Inclusion Fund have led a funding round of an undisclosed amount in Indian small retailer-focused fintech start-up NeoGrowth.
Singapore's Hera backs social media content publisher
Singapore private equity firm Hera Capital has made an undisclosed equity investment in My Social Book, a company that publishes personalized hardback scrapbooks, diaries and photo albums based on customers’ timestamped social media resources.
Cross-border VC: Changes in the wind
US-China cross border investment continues to present exciting opportunities for venture capital firms targeting technology start-ups, but investors must keep up with the pace of the market’s transformation
Gobi leads $3m round for Australia's Airwallex
Gobi Partners has led a A$5 million ($3 million) round of funding for Australia-based digital payment services developer Airwallex.
WuXi, Boyu, Oriza commit $150m to China's CStone
WuXi Healthcare Ventures, Oriza Seed Venture Capital, and Boyu Capital have committed $150 million in Series A funding to Chinese bio-pharmaceutical developer CStone Pharmaceuticals.
China consumer data analysis business gets $20m Series A
GrowingIO, a Chinese data analysis company founded by executives from LinkedIn’s business analytics division, has raised a $20 million Series A round from Matrix Partners China, NEA and Greylock Partners.
OneVentures backs Australia's Employment Hero
OneVentures has led a A$3 million ($2.2 million) Series A round of funding for Australian online human resources services start-up Employment Hero.
Bertelsmann leads $32m round for India's Lendingkart
Bertelsmann India Investments has led a $32 million Series B round for Indian finance platform Lendingkart.
Indonesia VC: Work in progress
As Indonesia’s start-up space matures, with ever more capital pouring in, VC players recognize that exits are the key to creating a sustainable investment environment. However, it is still early days
Deal focus: Asia-IO embraces machine learning
Asia-IO Advisors' strategic co-investment with Foxconn Technology Group has led to the creation of a systems integration specialist that will help manufactures embrace 'industry 4.0'