Funds
Japan's VC-backed Metaps files for IPO
Metaps, a Japanese mobile software developer and IT services start-up backed by a slew of VC investors, has filed for its Tokyo IPO and is expected to raise as much as JPY3.8 billion ($30.6 million).
China P2P lending site Firstp2p raises $41m
Firstp2p, a Chinese online peer-to-peer (P2P) financing site, has raised a $41 million Series B round of funding from San Shan Capital, CITIC Capital and China Equity.
China after-school tutoring app raises $24m
Entstudy.com, a Chinese after-school tutoring mobile app, has raised $24 billion in an extended Series B round from two domestic VC firms: Kun Ling Capital and Sharing Capital.
Orios launches $150m India early-stage fund
Indian VC firm Orios Venture Partners has launched a new $150 million fund to support start-ups in various branches of the technology sector.
GGV leads round for China B2B drug retail platform
GGV Capital has led an extended Series A round of funding for Ypzdw.com, a Chinese online B2B drug retail platform. Existing investor Matrix Partners China also participated.
Sequoia commits $20m to Indian gene researcher MedGenome
Sequoia Capital has committed $20 million in Series B funding to Indian genomic diagnostic and research service provider MedGenome.
NLVC leads Series A for China online car retailer
Northern Light Venture Capital (NLVC) has led a Series A round of funding for Maihaoche.com, a Chinese automotive e-commerce platform that specializes in parallel imports.
Ex-TPG Growth executive joins Singapore's Jungle Ventures
Singapore-based Jungle Ventures has appointed David Gowdey, previously of TPG Capital’s growth investment unit, as a managing partner.
VC-backed China parenting site Babytree raises $300m
Chinese online beauty products retailer Jumei International has led a $300 million round of funding for Babytree, a Chinese parent-focused social platform backed by several VC investors.
DCM closes second Android fund at $100m
DCM has raised $100 million for its second Android-focused fund, which will target start-ups building apps for Google’s mobile operating system.
China angels: Divine intervention
Angel investors, both unsophisticated amateurs and industry-savvy professionals, are flooding into China’s tech sector in search of stellar returns. Everything looks great as long as the market keeps on going up.
Fund focus: Shunwei raises $1b, eyes growth deals
The line between venture and growth capital in China has always been blurred, and in recent years it has become more so as start-ups raise ever larger private rounds. Nevertheless, based on AVCJ Research’s records, with $1 billion at its disposal across...
Deal focus: Blume re-ups with RoadRunnr
With the mega-rounds raised by the likes of Snapdeal and Flipkart grabbing headlines over the past 18 months, the e-commerce space has been at the vanguard of India’s venture capital boom. But as well as offering a platform for a new generation tech start-ups,...
Vivo Capital leads Series B for China's cosmetic surgery app
Healthcare specialist Vivo Capital has led a Series B round of funding for Gengmei, a Chinese cosmetic surgery social networking app, with participation from Sequoia Capital.
Former Japan Exchange head joins KKR as chairman
KKR has named Atsushi Saito, former head of the Tokyo Stock Exchange (TSE) and the Japan Exchange Group (JPX), as the non-executive chairman of KKR Japan.
Innovation Works backs China cycling tracking device
Innovation Works has led a RMB50 million ($8 million) Series A round of funding for Beast Bikes, a Chinese start-up that has developed a cycling tracking device.
Sequoia leads $3.25m round for Malaysia's KFit
Malaysian online fitness platform KFit has raised $3.25 million in a funding round led by Sequoia Capital.
Chinese app testing platform Testin raises $54.9m
Testin, a Chinese mobile apps testing platform, has raised $54.9 million in its latest round of funding led by Haiyin Capital, followed by IDG Capital Partners and Banyan Capital.
VCs commit $18m to Chinese students' e-commerce platform
Imcoming.cn, a Chinese mobile e-commerce platform aimed at students, has completed a RMB110 ($18 million) Series A round of funding led by Greenwoods Investment and Sharing Capital.
Australia's tech founder launches $37m VC fund
Victor Jiang, the founder of Australian professional services platform Skillsapien, is seeking to raise A$50 million ($37 million) for his new Sapien Ventures fund.
Snow Leopard invests $1.6m in India's QuikWallet
LivQuik, the Mumbai-based developer of mobile payment app QuikWallet, has raised $1.6 million from existing backer Snow Leopard Technology Ventures.
Greenwoods leads $32m round for Chinese internet finance site Rongzi
Greenwoods Investment has led a RMB200 million ($32 million) Series A round of funding for Rongzi.com, a Chinese internet finance platform, with participation from New Access Capital.
Alibaba launches $161m fund to support mobile app-makers
Alibaba Group has established a RMB1 billion ($161 million) venture capital fund to support third-party mobile app developers.
Tsinghua Unigroup invests $100m in mobile OS start-up Acadine
China’s Tsinghua Unigroup International has invested $100 million for a minority stake in Acadine Technologies, a Hong Kong-based start-up developing mobile operating systems (OS) for mobile, wearable and internet-of-Things (IoT) devices.