Japanese healthcare technology start-up Ubie has closed its Series C round on JPY6.3bn (USD 43.2m) with the latest tranche featuring PE-owned pharmacy chain operator Sogo Medical.
Specialist food and agriculture investor Proterra Investment Partners has agreed to invest in Aperion Bioenergy, a Singapore-based bioenergy producer that sources used cooking oil for feedstocks.
GIC has led a USD 60m Series C round for Euler Motors, an India-based manufacturer of commercial electric vehicles (EVs), at a valuation of USD 200m.
US and India-based Accion Labs continues to collect private equity backers as it further globalises its IT services offering. Incoming investors don’t want to shake up the winning formula
Brookfield Renewable, a business controlled by Brookfield Asset Management, has agreed to invest USD 500m in LanzaTech, a US carbon recycling specialist with a significant Asia presence.
Temasek Holdings-controlled investor 65 Equity Partners has led a USD 80m equity investment in Singaporean retail platform ShopBack, extending a Series F round in June.
BlackRock has led a USD 300m investment in Indonesia’s Traveloka via a credit fund as expectations mount for an IPO by the travel platform.
India’s Molbio Diagnostics, a medical equipment maker best known for its COVID-19 testing systems, has raised a USD 85m round featuring Temasek Holdings at an enterprise valuation of USD 1.6bn.
Lihao Semiconductor, a China-based supplier of silicon materials used in solar panels, has raised CNY 2.2bn (USD 305m) in Series B funding from an investor group featuring Oceanpine Capital, V Fund, and Harvest Capital.
Petronas Ventures, the VC arm of Malaysian oil giant Petronas, has led a USD 30m round for drone developer Aerodyne Group with support from domestic pension fund KWAP.
Indian middle market private equity firm True North has acquired a significant minority position in US and India-based IT provider Accion Labs from TA Associates for USD 93m.
Thailand’s Line Man Wongnai – a food delivery, taxi, and messaging app – has raised a USD 265m round featuring GIC at a valuation of USD 1bn. It claims to be the largest start-up locally.
Japanese flying car developer SkyDrive has raised JPY 9.6bn (USD 67m) in Series C funding featuring US-based Pegasus Tech Ventures and local strategics such as Suzuki Motor.
Cambodia’s Amara Capital has agreed to invest an undisclosed sum in local restaurant and hotel group Thalias Hospitality.
Indian private equity firm Creaegis has led a USD 75m Series C round for local insurance technology provider Zopper.
KKR has led a USD 450m investment in Indian renewable energy company Hero Future Energies (HFE), with parent company Hero Group also participating.
Galaxy Space, a China-based satellite developer, has raised a new funding round led by CCB International at a post-investment valuation of CNY 11bn (USD 1.6bn).
Japanese lower-middle market private equity firm J-Star has confirmed an investment of undisclosed size in Toy Factory, a campervan designer and manufacturer.
Indonesia’s Fazz, a financial services provider for Southeast Asia micro businesses, has raised a USD 100m Series C round featuring Tiger Global, DST Global, and B Capital Group.
Affirma Capital has joined a USD 40m investment in India’s Epack Durable, a leading domestic designer and manufacturer of air conditioning units among other home appliances.
Hong Kong metaverse start-up Animoca Brands has raised USD 110m featuring Temasek Holdings, Boyu Capital, and GGV Capital. Funding since the start of 2021 now tops USD 630m.
Affirma Capital has led a KRW 300bn (USD 217m) funding round – at a valuation of KRW 1trn – for Carrot General Insurance, a South Korea-based digital insurer.
An outsourced talent management service that enables companies to recruit in far-flung markets has become the bulwark of Glints’ business on the back of COVID-19, underpinning a USD 50m Series D
Singapore-based Docquity, a networking service for more than 300,000 doctors across Southeast Asia, has raised USD 44m in Series C funding led by Japan’s Itochu Corporation.