Investments
Australian crop monitoring start-up gets $38m Series B
Regrow, an Australian-based sustainable agriculture start-up, has raised USD 38m in Series B funding led by Galvanize Climate Solutions, Rethink Impact, and Salesforce.com CEO Marc Benioff’s Time Ventures.
Deal focus: India’s Fashinza in vogue with VC
The appeal of the boutique brand ensures that fashion will always be a fragmented space. As e-commerce splinters the industry even further, India’s Fashinza aims to tie it all together
Deal focus: ICG finds alignment with doctor-shareholders
Intermediate Capital Group believes its flexible approach to deal structuring – and a willingness to share upside – helped win over doctors who are employees and part-owners of Canopy Healthcare
Portfolio: Investcorp and Viz Branz
War, climate change, and COVID-19 are twisting the outlook for Investcorp-owned instant food supplier Viz Branz. But an implacable China growth story has underpinned an aggressive expansion agenda
Australia take-privates: Going large
A combination of abundant dry powder and friendly financing conditions are encouraging global GPs to pursue ever-larger listed companies in Australia. For now, macro headwinds are no deterrent
Singapore metaverse platform Bud raises $36.8m
Singapore-based metaverse user generated content (UGC) platform Bud has raised a Series B round of USD 36.8m led by Sequoia Capital India.
China rocket developer Orienspace raises $60m
Chinese rocket developer Orienspace has raised a CNY400m (USD 60m) Series A round led by HikeCapital.
MDI leads $27m round for Singapore's SwipeRx
Indonesia’s MDI Ventures has led a USD 27m Series B round for Singapore-based mClinica, now rebranded as SwipeRx, an app that connects 45,000 pharmacies across Southeast Asia.
Japan biotech start-up raises $31m Series C
Japanese cancer drug developer Chordia Therapeutics has raised JPY 4bn (USD 31.3m) in Series C funding led by Growth Capital of Japan (GCJ) and UTokyo Innovation Platform.
Mitsui, Nomura acquire real assets manager New Forests
Japan’s Mitsui & Co. and Nomura Holdings have agreed to acquire 100% of New Forests, an Australia-headquartered sustainable real assets investment manager focused on forestry, land management, and conservation.
Thai food supply chain player secures $23.5m Series B
Openspace Ventures has participated in a USD 23.5m Series B funding round for Freshket, a Thailand-based farm-to-table agricultural supply chain start-up.
Philippines fintech player Coins raises $30m
Coins, a Philippines-based financial technology provider focused on blockchain-enabled payment services, has received a USD 30m investment led by Ribbit Captial.
Coatue, Insight lead Series D for Indonesia's Xendit
Coatue Management and Insight Partners have led a USD 300m Series D round for Indonesian payments infrastructure platform Xendit.
Ince leads $30m round for China’s PhiGent Robotics
Beijing-based autonomous driving solutions provider PhiGent Robotics has raised a USD30m Series A round led by Ince Capital. Previous investors such as Atypical Ventures, 5Y Capital, and GSR Ventures re-upped.
Singapore's Azalea targets $754m PE-backed bond offering
Temasek Holdings-owned Azalea Investment Management is further expanding retail exposure to private equity through its latest issue of bonds – worth USD 754m in total – backed by LP interests in funds.
China industrial internet platform Xuelangyun raises $44m
Xuelangyun, a China-based industrial data service provider, has raised a Series B of CNY 300m (USD 44m) led by China Structural Reform Fund. Poly Capital and an intellectual property fund under Wuxi Guolian Development also participated.
Antler to invest $100m in SE Asia start-ups by 2025
Singapore-based VC firm Antler has committed to investing USD 100m in more than 300 Southeast Asian start-ups by 2025.
Apis backs Singapore B2B micropayments player DT One
Apis Partners has invested an undisclosed sum in DT One, a Singapore-headquartered B2B digital micropayments platform with a global customer base.
China outbound: Organic options
Tough domestic competition is encouraging Chinese tech start-ups to expand overseas – often organically, earlier in their lifecycles than before, and despite regulatory concerns
India's Multiples invests $88m in BDR Pharma
Multiples Private Equity has led a consortium in the acquisition of a 9.3% stake in India’s BDR Pharmaceuticals for INR 6.8bn (USD 88.5m).
India’s Fashinza gets $100m Series B
Prosus Ventures and WestBridge Capital have led a USD 100m Series B round for India’s Fashinza, a B2B marketplace and supply chain platform for the fashion industry.
Mithril, BlackRock invest $110m in Singapore’s GreyOrange
Mithril Capital, a VC firm launched by PayPal co-founder Peter Thiel, and BlackRock have provided USD 110m in growth funding to Singapore and US-based robotics player GreyOrange.
Japan Industrial Solutions supports troubled local drug maker
Japan Industrial Solutions (JIS) has agreed to invest up to JPY 20bn (USD 155m) in Japan-based generic drug manufacturer Nichi-Iko Pharmaceutical with a view to saving the troubled company.
Deal focus: Elevation targets Lumena uplift
Elevation Equity Partners sees Korean consumer electronics brand Lumena as a diamond in the rough, with high margins, quality products, and scope for domestic and international expansion