Expansion
FountainVest leads Series B for China's MyMRO
Shanghai-based B2B e-commerce company MyMRO, a spinoff of US industrial products supplier Grainger, has raised several hundreds of million renminbi in Series B funding led by FountainVest Partners.
EQT backs Indonesia flavors, fragrances player
Product innovation and geographic expansion are on the agenda for Indonesia-based flavors and fragrances (F&F) provider Indesso Group following EQT’s acquisition of a minority stake in the business.
China GPs commit $160m to local ADC player
DAC Biotech, a Chinese biotech company specializing in antibody-drug conjugates (ADCs) commonly used as targeted therapies for treating cancer, has raised RMB1 billion ($160 million) in Series C funding led by GL Ventures, CDG Capital, and CPE.
China medical tech supplier AMS raises $100m
China and US-based Access Medical Systems (AMS) has raised a $100 million round co-led by Sequoia Capital China and GL Ventures.
Deal focus: L Catterton backs Social Bella to emulate Perfect Diary
Social Bella has risen to prominence in Indonesia as an omnichannel distributor for other beauty brands, but the start-ups is now developing some of its own. L Catterton is backing this diversification drive
Source Code leads Series C for China online insurance broker
Yuanbao, a Chinese online insurance broker, has raised nearly RMB1 billion ($156 million) in Series C funding led by Source Code Capital. Other investors include Cathay Capital, Hike Capital, Northern Light Venture Capital, Qiming Venture Partners, and...
DCP, Sequoia lead Series B for China's Valgen Medtech
DCP Capital has continued its run of investments in China’s medical devices industry by participating in a Series B funding round for Hangzhou Valgen Medtech.
Asia Partners leads round for SE Asia e-commerce enabler
Asia Partners has led an approximately S$50 million ($37.4 million) round for Southeast Asia-focused cross-border e-commerce enabler SCI Ecommerce.
L Catterton backs Indonesia's Social Bella
L Catterton has made its first investment in Indonesia, leading a $56 million round for Social Bella, operator of the beauty industry platform Sociolla.
GP profile: Samena Capital
Conservative yet contrarian, Samena Capital has carved its own path prioritizing patience, trust, and transparency. A younger generation of leadership is guiding entry into a new digital landscape
Australia's SafetyCulture hits $1.7b valuation
Australian workplace safety platform SafetyCulture has achieved a valuation of A$2.2 billion ($1.7 million) following a A$99 million round led by Insight Partners.
Deal focus: Cityneon proves the show must go on
Singapore’s Cityneon has seen a robust rebound in its live events business, driven primarily by China. The company now has $177 million in new funding and deals covering everything from ancient Egypt to Avatar
Asia technology: Anatomy of a rebound
Tech investment has been on a tear in Asia, with private equity joining venture capital at the party. While COVID-19 has contributed to these dynamics, the revival is rooted in deeper structural change
India MSME services provider ElasticRun raises $75m
Prosus Ventures and Avataar Ventures have led a $75 million Series D round for ElasticRun, an Indian retail services provider for the micro, small and medium-sized enterprise (MSME) segment.
SIG leads $70m Series C for China's YiAuto
YiAuto, a Chinese new car marketplace, has raised a $70 million Series C round led by SIG. Existing investors GGV Capital, BlueRun Ventures, Sky9 Capital, and K2 Venture Partners also participated.
Trustar backs China beauty industry online services provider
Trustar Capital – formerly CITIC Capital Partners – has acquired a stake in Yifei Group, an online business service provider to China’s beauty and personal care industry, continuing its string of deals in this area over several years.
China Growth Capital leads Series C for Hygea Medical
China-based medical devices manufacturer Hygea Medical Technology has raised a RMB500 million ($77 million) Series C round led by China Growth Capital.
Deal focus: DCP, KKR milk new dairy opportunity
The private equity firms are backing Adopt A Cow’s combination of high-quality, high-transparency dairy products and its ability to reach young Chinese consumers through non-traditional channels
Deal focus: Xingyun’s trade flow proposition
Having built its business on imports into China, e-commerce enabler Xingyun now wants to take Chinese brands global as well. For HI Transformational Fund, it represents a compelling inflection point
Deal focus: China big data player goes global
China’s Kyligence is plugging new technologies into an increasingly cloud-based and services-oriented enterprise software space. It has raised $70 million to pump up an international expansion
Sequoia joins $25m Series D for Singapore's StashAway
Sequoia Capital India has joined a S$33.3 million ($25 million) Series D round for Singapore-based wealth management platform StashAway.
China data analytics start-up Kyligence raises $70m
Kyligence, a China-based data analytics business, has closed a $70 million Series D round led by SPDB International.
Pavilion joins $177m round for Singapore's Cityneon
Pavilion Capital has joined a S$235 million ($177 million) round for Singapore’s Cityneon, a company that markets entertainment brands by staging elaborate events, displays, and exhibitions.
Novo Tellus backs India semiconductor player
Novo Tellus Capital Partners has invested $40 million in India-based semiconductor engineering services provider Tessolve at a valuation of $100 million.