Early-stage
Chengwei backs China electronics recycling platform
China-focused Chengwei Capital has led a Series A round of funding worth about RMB100 million ($15 million) for Huishoubao, a Chinese electronic devices recycling platform.
Hong Kong's Lalamove raises $10m round led by MindWorks
MindWorks Ventures has led a $10 million funding round for Hong Kong-based van rental app developer Lalamove.
Korea's Althea raises $3.5m Series A
Althea, a South Korean cosmetics e-commerce site that markets primarily to Southeast Asia, has raised a $3.5 million Series A round from a group of investors including Mirae Asset Ventures, Cherubic Ventures and 500 Startups.
Japan's Creema raises $10m round
Globis Capital Partners has led a JPY1.1 billion ($10 million) round for Japan-based Creema, the operator of an online consumer-to-consumer (C2C) marketplace specializing in handmade items.
Lilly Asia, SBCVC invest $15m in China online drug seller
Healthcare-focused GP Lilly Asia Ventures and SBCVC have participated in a RMB100 million ($15 million) Series A round for 360 Haoyao, an online drug seller established by Chinese software company Qihoo360 Technology.
Aetius commits $5m Series A to Singapore's Cloud Alliance
Singapore-based mobile gaming platform developer Cloud Alliance has raised $5 million in Series A funding from Aetius Capital.
Vivo raises $100m for Sino-US healthcare VC fund
Healthcare specialist Vivo Capital has closed its latest Sino-US venture capital fund with around $100 million in commitments. The vehicle will focus on early-stage investments.
China micro VC: The micro wave
Micro VC firms are a relatively new segment in China’s venture capital ecosystem, the product of angel investors going institutional. They focus on early stage deals, but as demand grows, will they stay there?
Highland leads $16m round for NuTonomy's Singapore push
Highland Capital Partners has led a $16 million Series A investment in NuTonomy, a US tech developer aiming to commercialize a driverless taxi fleet in Singapore by 2018.
DMP leads $3m Series A for Malaysia's Jirnexu - update
Singapore-based venture capital firm DMP has led a $3 million Series A round for Malaysian financial technology start-up Jirnexu.
Sydney exchange creates small cap platform
The Sydney Stock Exchange (SSX) has initiated development of a blockchain-based equities market settlement and registration system that is expected to facilitate exits for VC firms.
Deal focus: WiL chisels start-up gold from corporate Japan
Having previously developed its technology under the wing of NTT Docomo, Soracom went independent with World Innovation Lab's assistance and is now targeting global expansion
Japan's AbbaLab launches $14m start-up fund
AbbaLab, a Japanese start-up incubator focused on hardware prototyping in the internet-of-things (IoT) space, has launched a JPY1.5 billion ($14 million) fund.
Matrix, Nexus in $13.5m Series C round for India's Stayzilla
Matrix Partners India and Nexus Venture Partners have committed $13.5 million in Series C funding to Indian hotel and home-stay reservation app Stayzilla.
Max, Goldman invest $5m in India's Azure
Max Group and Goldman Sachs have invested INR335 million ($5 million) in Indian restaurant operator Azure Hospitality.
WiL, Infinity join $22m round for Japan's Soracom
World Innovation Lab (WiL) and Infinity Venture Partners are among the participants in a JPY2.4 billion ($22 million) round of funding for Soracom, a Japan-based internet of things (IoT) communications platform.
India's HealthifyMe gets $6m Series A round
IDG Ventures, Inventus Capital and Blume Ventures have led a $6 million Series A round for Indian health and fitness app developer HealthifyMe.
Deal focus: VCs back ACT's customized cancer care model
Taiwan-based ACT Genomics will use its Series B funding to expand its genetic sequencing and molecular testing services - typically used by doctors in cancer treatment - to other Asian markets
Security in numbers: Asia VCs target cybersecurity
An unbalanced global cybersecurity market – currently weighted heavily toward the US – is slowly finding its feet in Asia. But opportunities in the expected boom may not be intuitive to newcomers
Gree, GMO in $4.6m round for Japan's Sorabito
Sorabito, the Japanese operator of an online marketplace for heavy machinery, has received JPY500 million ($4.6 million) from investors including Gree Ventures and existing backer GMO Venture Partners.
Taiwan's ACT Genomics gets $12.5m Series B round
Hotung Group and CDIB Capital has led a $12.5 million Series B round of funding for ACT Genomics, a Taiwan-based company that provides information to cancer treatment specialists.
Paypal launches fintech incubator in Singapore
PayPal has launched an incubation program in Singapore that will offer infrastructure, mentorship and direction to local financial technology start-ups. It will begin operations in June.
Dell Foundation to invest $50m in Indian start-ups
The Michael and Susan Dell Foundation (MSDF) has committed to invest $50 million in Indian start-ups over the next three years.
Sino-US biopharma player gets $10m round
Sino-US biopharmaceutical company Sirnaomics has raised $10 million in a Series B round led by Hong Kong-based venture capital firm Value Measured Investment.