Funds
Facebook co-founder's VC firm in first close on US-Asia fund - update
B Capital Group, a VC firm launched by Facebook co-founder Eduardo Saverin and Raj Ganguly, formerly of Velos Partners and Bain Capital, has reached a first close on a US and Asia-focused fund, which has a full target of $250 million.
Healthcare app launched by China's Ping An Insurance raises $500m
Ping An Good Doctor, a healthcare-focused mobile app controlled by Chinese Ping An Insurance Group, has raised $500 million in a Series A round of funding at a valuation of $3 billion.
SBCVC leads round for China robotics start-up CloudMinds
SBCVC has committed $10 million to a $30 million seed round of funding for CloudMinds, a Chinese cloud-based robotics start-up.
Local GP ChinaEquity assumes control of A-share company
ChinaEquity Group, a private equity firm listed on the National Equities Exchange and Quotations (NEEQ), has acquired a controlling interest in an A-share listed company in what could be an attempt to move to the larger exchange.
NZVIF appoints new CEO
New Zealand Venture Investment Fund (NZVIF), a government-sponsored VC fund-of-funds, has appointed Richard Dellabarca as its new CEO. He replaces Franceska Banga, who has led the fund since its inception in 2002.
Singapore's NRF seeds four corporate VC funds
Corporate VC funds operated by real estate developer CapitaLand, cloud services provider DeClout, agriculture company Wilmar International and logistics provider YCH Group will share S$40 million ($29 million) in seed funding from Singapore’s National...
China Fosun Kinzon VC loses top management team
Three senior executives – including Jun Wang, the managing partner and chairman – have left Fosun Kinzon Capital, the venture capital arm of China’s Fosun Group, to set up their own firm.
Warburg Pincus to open Singapore office
Warburg Pincus will open an office in Singapore to improve its ability to identify and evaluate investment opportunities in Southeast Asia.
WI Harper raises $175m Asia fund
WI Harper Group has closed its eighth venture capital fund, which targets early-stage investments in Asia-focused companies, at $175 million.
China dating app Tantan raises $32m Series C
Tantan, a Chinese version of US-based dating app Tinder, has completed a $32 million Series C round led by DST Global, Vision Plus Capital and LB Investment.
Geodesic closes $335m VC fund to bridge US, Asia
Geodesic Capital, a US-based venture capital firm focused on helping start-ups drive Japanese expansion, has closed its first fund at $335 million.
Profile: Navis Capital Partners' Nick Bloy & Rodney Muse
Nick Bloy and Rodney Muse have spent 18 years as managing partners of Navis Capital Partners. They see mutual respect, friendship and a consistent investment strategy as the key to this longevity
GGV, Morningside lead $32m round for China fitness app
GGV Capital and Morningside Venture Capital have co-led a $32 million Series C round for Keep, a Chinese mobile app that provides fitness training programs.
Meridian Capital seeks $307m for China VC fund
Meridian Capital, a Chinese technology-focused venture capital firm, is looking to raise RMB2 billion ($307 million) for its latest renminbi-denominated fund.
IFC, ADM Capital launch Asia lending platform
The International Finance Corporation (IFC), the investment arm of the World Bank, has teamed up with Hong Kong-based ADM Capital to launch a lending platform to support small and medium-sized enterprises (SMEs) in Asia.
Aura launches Australia-focused VC fund
Aura Group, an Australia and Singapore-based fund management and investment business, is raising an Australia-focused venture capital fund with a target corpus of A$30 million ($21.8 million).
Temasek, Advent seek majority stake in Crompton Greaves unit
Temasek Holdings and Advent International have launched an open offer to acquire a controlling stake in Crompton Greaves Consumer Electricals (CGCEL), the former consumer products unit of India's Crompton Greaves, for up to INR16.9 billion ($253 million)....
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.
Apple invests $1b in China ride-hailing app Didi Chuxing
Apple has made $1 billion strategic investment in Didi Chuxing, China's leading ride-hailing app operator.
IFC to invest in Southeast Asia frontier markets fund
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest up to $7.5 million in a PE fund managed by Singapore's Emerging Markets Investment Advisers (EMIA).
VC-backed China Online Education files for US IPO
China Online Education Group, operator of VC-backed English-learning mobile app 51Talk, has filed for a US IPO.
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.
Creation leads $25m Series B for India's Capital Float
Chicago-based Creation Investments Capital Management has led a $25 million Series B round for Indian small and medium-sized enterprise (SME)-focused non-banking finance company (NBFC) Capital Float.
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.