Funds
Fenox, Mizuho lead $10m round for Japan e-scooter maker
Fenox Ventures and Mizuho Capital have led a $10 million round of investment in Terra Motors Corp, a Japanese manufacturer of two and three-wheeler electric vehicles.
Ventureast exits India's Bioserve to Cancer Genetics
US biotech firm Cancer Genetics has acquired India's BioServe Biotechnologies for around $1.9 million, paving an exit for early-stage investor Ventureast.
Riverside closes second Asia fund at $235m
Global mid-market buyout firm Riverside has reached a final close of $235 million on its second Asia fund - Riverside Asia-Pacific Fund II (RAF II), 57% above its original target of $150 million.
VIDEO: Jessica Archibald of Top Tier Capital Partners
From Facebook’s acquisition of WhatsApp to Google’s purchase of Nest Labs, large US technology companies are increasingly using the ample cash on their balance sheets for M&A. Jessica Archibald, managing director at Top Tier Capital Partners, this...
RBI panel backs PE to buy up to 40% of distressed Indian banks
A panel appointed by the Reserve Bank of India (RBI) to review banking industry governance has recommended that private equity firms, including sovereign wealth funds, be allowed to buy up to 40% of distressed lenders.
Monk’s Hill Ventures launches $80m Southeast Asia fund
Monk’s Hill Ventures, a Singapore-based VC firm, has launched a S$100 million ($80 million) fund to support the growth of start-ups in Southeast Asia.
NVP raises $1.2b for global VC fund
Norwest Venture Partners (NVP) has reached a final close of $1.2 billion on its latest fund, which will make early to late stage venture and growth investments out of the US and via subsidiaries in India and Israel.
Australia scales back start-up funding schemes
Support for technology start-ups is among the casualties in Australia’s austerity budget, with several programs discontinued, including the Innovation Investment Fund (IIF), which sponsors VC funds.
Wearable technology: Heart on your sleeve
Wearables promise to be the next disruptive technology, redefining our daily lives. Are venture capitalists right to be excited and are they getting excited about the right things?
India's iYogi raises $28m Series E round
Axon Partners Group and Madison India Capital have teamed up with existing investors to provide a $28 million Series E round of funding for iYogi, an India-based technology support services provider.
Chinese digital marketing platform AdSame raises $30m
AdSame, a Shanghai-based digital marketing firm, has secured a $30 million Series C round of funding led by Taiwan-based Pacific Venture Partners and Dream Capital Group.
Anthem Asia backs Myanmar PR agency
Anthem Asia, a recently established private equity firm based in Myanmar, has invested in Blink, a PR and digital marketing agency.
Fosun expresses interest in Australia’s Healthscope – report
Fosun Group has highlighted the China growth potential of private equity-owned Australian hospital operator Healthscope, prompting speculation it might bid for the asset.
VC-backed Tuniu shares jump on debt after $72m US IPO
Shares in Tuniu, a Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital, saw its shares climb 10% on their trading debut following a $72 million IPO.
VC-backed Cheetah Mobile posts modest gain after $168m IPO
Cheetah Mobile, formerly Kingsoft Corporation’s internet security software division, ended its second day of trading on the New York Stock Exchange at a slight premium to its IPO price, following a $168 million offering.
GGV reaches $622m final close on Fund V - Update
GGV has confirmed the final close of its fifth Sino-US venture capital fund. The firm said it had raised $620 million, although regulatory filings indicate the final total is $621.9 million.
Aion reaches $825m final close on India distress fund
India's Aion Capital Partners - a joint venture formed by Apollo Global Management and ICICI Venture - has reached an $825 million final close on its maiden special situations fund.
Carlyle opens Jakarta office
The Carlyle Group has opened has expanded its Asia presence to Indonesia, opening an office in Jakarta, its ninth in the region.
General Atlantic to invest $150m in China's Jumei alongside IPO
General Atlantic has agreed to invest $150 million in Jumei International Holding, a Chinese online beauty products retailer that is seeking to raise up to $204 million through a US IPO.
Emerald Hill raises $400m for third Asia fund-of-funds
Emerald Hill Capital Partners has reached a final close of $400 million for its third Asian fund-of-funds. Endowments and foundations account for the vast majority of LPs, with about 75% of investors in Fund II re-upping for Fund III.
Bessemer leads Series B round for India’s TaxiForSure
Bessemer Venture Partners has led a $10 million Series B round of funding for Indian car rental and taxi booking site TaxiForSure.com.
RRJ, Temasek back ING insurance unit
RRJ Capital and Temasek Holdings have agreed to invest EUR1.28 billion ($1.8 billion) in NN Group (NNG), the insurance unit of Dutch lender ING Group.
India's Piramal commits $131m to Shriram City Union Finance
Piramal Enterprises - the flagship business of India healthcare conglomerate Piramal Group - has agreed to buy a 9.99% stake in private equity-backed non-banking finance company (NBFC) Shriram City Union Finance (SCFU) for INR7.89 billion ($130 million).
TransLink leads $7.1m round to support Kamcord's Asia growth
TransLink Capital has led a $7.1 million Series A round of investment for Kamcord, developer of the mobile gaming platform of the same name.