Investments
Japan remote workforce player oVice raises $32m
Japan’s oVice, a start-up that provides virtual co-working spaces for remote and hybrid teams, has raised JPY 4.5bn (USD 32.1m) in Series B funding featuring Jafco and Eight Roads Ventures.
Novo Holdings leads $50m round for India's MedGenome
Novo Holdings, which manages the wealth of Denmark’s Novo Nordisk Foundation, has led a USD 50m investment in MedGenome, an India-based genetic testing business.
Orchestra Private Equity buys Japan scaffolding business
Orchestra Private Equity, which specialises in cross-border transactions involving Korea, Japan, and China, has acquired Japan-based scaffolding provider Stack for an undisclosed sum.
China chip designer Yige raises $42m angel round
Suzhou Yige Technology, a China-based semiconductor chip designer also known as EagleChip, has raised a CNY 286m (USD 41.5m) angel round led by Matrix Partners China, Redpoint China, Sequoia Capital China, CTC Capital, and Vlight Capital.
Vertex leads Series A for Singapore's Propseller
Vertex Ventures Southeast Asia & India has led a USD 12m Series A for Propseller, a Singapore-headquartered property technology start-up Propseller that is looking to disrupt the traditional agency model.
Potentia, HarbourVest move for Australia's Nitro Software
Australia-listed productivity software provider Nitro Software has rejected a AUD 386m (USD 263m) buyout offer from Potentia Capital and HarbourVest Partners.
Anchorage buys New Zealand assets from Evolve Education
Australia-based turnaround investor Anchorage Capital Partners has agreed to buy the New Zealand business of childcare provider Evolve Education for an enterprise value of NZD 46m (USD 28.1m).
Singapore, Thailand blockchain remittance player gets $50m
Singapore and Thailand-based Lightnet, a blockchain-enabled payments and remittance services provider, has raised USD 50m from US-based LDA Capital.
Accenture backs India space tech start-up Pixxel
Accenture has made an investment of undisclosed size in Indian satellite imaging provider Pixxel via a VC unit. It follows a USD 25m Series A round in March.
Rise Fund, Norwest lead $110m Series D for India's EarlySalary
TPG’s Rise Fund and Norwest Venture Partners have led a USD 110m Series D round for EarlySalary, which claims to be India’s largest consumer lending financial technology start-up.
PAG buys Japanese theme park for $722m
PAG has agreed to buy Huis Ten Bosch, a Japanese theme park best known for its recreations of idyllic European cityscapes, for an equity valuation of approximately JPY 100bn (USD 722m).
Qiming leads Series C for China 3D dental printing start-up
Prismlab, a China-based 3D printing company specialising in dental applications, has raised CNY 200m (USD 29m) in Series C funding led by Qiming Venture Partners.
Singapore HR platform Glints raises $50m Series D
DCM Ventures, Lavender Hill Capital, and listed Japanese human resources business Persol Holdings have led a USD 50m Series D round for Glints, a Southeast Asia-focused recruitment and career development platform.
Korea's Gentle Monster backs China AR player Nreal
Nreal, a Chinese manufacturer of augmented reality (AR) glasses that resemble normal sunglasses, has received USD15m from South Korean eyewear brand Gentle Monster.
Bain agrees $3b carve-out from Japan's Olympus
Bain Capital has agreed to acquire Evident, a Japan-based medical devices manufacturer best known for producing microscopes, from Olympus Corporation for JPY 427.7bn (USD 3.08bn).
Dymon Asia carves out shipping industry supplier
Dymon Asia Private Equity has agreed a carve-out of Singapore-based shipping industry equipment supplier RAM Spreaders from its German parent Salzgitter Maschinenbau for an undisclosed sum.
Kedaara buys minority stake in India's Oasis Fertility
Kedaara Capital has invested USD 50m for a significant minority stake in Oasis Fertility, a fertility treatment business with more than 26 centres across India.
Australia's Ramsay Health Care rebuffs revised KKR buyout offer
Australia-listed hospital operator Ramsay Health Care has rejected an alternative buyout proposal from a KKR-led consortium after progress with the initial bid was slowed by the need to conduct due diligence on Ramsay Santé, the company’s separate mainland...
Japan healthcare AI start-up Ubie closes $26m Series C
Japan’s Ubie, a healthcare technology start-up that uses artificial intelligence (AI) for symptom-checking questionnaires, has raised USD 26.2m in Series C funding from local investors.
Singularity Growth leads Series D for India's Servify
India’s Singularity Growth Opportunity Fund, a vehicle associated with former Reliance Capital executive Madhusudan Kela, has led a USD 65m investment in after-sales software provider Servify.
Baidu-backed autonomous truck developer raises $67m
DeepWay, an intelligent driving solutions provider for trucks established by Baidu, has raised a Series A round of CNY 460m (USD 67m) led by Qiming Venture Partners.
Prosperity7 backs China-founded unstructured data specialist Zilliz
Prosperity7 Ventures, a venture capital fund established by Saudi Arabia state oil giant Saudi Aramco, has led a USD 60m Series B extension for China-founded open-source software developer Zilliz.
Keppel buys Singapore waste management player 800 Super
Keppel Corporation has purchased a majority interest in Singapore waste management services business 800 Super Holdings, which was delisted in 2019 through a KKR-backed take-private, at a valuation of SGD 380m (USD 273m).
Korea medical tech start-up raises $20m Series B
Korea’s Airs Medical, a healthcare technology provider active in diagnostics software and robotics, has raised USD 20m in Series B funding from Klim Ventures, Q Capital Partners, and Hanwha Life Insurance.