Funds
Mumbai Angels supports net agri products seller
Mumbai-Angels, the Indian investment firm focusing on early stage companies, has reportedly taken a 25% stake in Chennai based MVS Efarm Pvt Ltd, for undisclosed sum.
IFC considers $20m investing in Tsing Capital
International Finance Corporation (IFC), the investment arm of The World Bank, has proposed a $20 million add-on investment in Tsing Capital, which claims to be the first cleantech-focused venture capital firm in China.
India's IFCI invests $56m in Gayatri Energy
Gayatri Energy Ventures has reportedly raised INR250 crore ($56.2 million) from the Industrial Finance Corporation of India (IFCI) through the issuance of compulsory convertible debentures, marking the largest-sized tranche ever invested by IFCI.
Renren set for IPO following delay
Venture-backed Renren.com – touted as China’s answer to the social networking site Facebook – has delayed its highly anticipated IPO on the NYSE from Tuesday evening to Wednesday, for undisclosed reasons.
China-focused VCs invest in oncology research firm
Oncology and R&D-focused Crown Bioscience has completed a $28.8 million Series C round of financing, led by OrbiMed Advisors Caduceus Asia Partners Fund. China-based Qiming Venture Partners and CRCI, both existing investors, also participated, as well...
Ex-Merrill Lynch exec Mark Devonshire receives $74m for distressed fund
mCapital, a special situations fund manager with operations in Europe and Asia, has raised EUR50 million ($74 million) of seed capital from LPs Advanced Capital and IMQubator.
Matrix Partners closes second China and India funds
Global venture capital firm Matrix Partners China and India have both closed their second funds, the Matrix Partners China II and Matrix Partners India II, with investment corpuses of $350 million and $300 million for the China and India vehicles, respectively....
Accel Partners, angel investors invest $35m in designer start
Private equity firm Accel Partners, with a group of angel investors, has made a$35 million capital injection into 99designs, an Australian start-up design company, as a Series A round of financing.
Digu.com seeks $25m for expansion
Chinese location-based social networking start-up Digu.com is reportedly looking to raise as much as $25 million from venture investors in its next two round of financing, allocated for its expansion.
PapayaMobile gets $18m from China VCs
China-based Keytone Ventures and global VC firm DCM have led an $18 million Series B funding round into PapayaMobile, a social gaming network supported by Google’s Android platform.
Blackstone set to buy second distressed Oz property firm
Debt-burdened Australian real estate firm Valad Property Group is reportedly in talks with Blackstone for a possible buyout, according to The Australian, in a deal that could be worth A$220 million.
DCM launches Google Android-focused fund
Venture firm DCM is to launch a $100 million fund focused on targets and developers surrounding Google Android’s mobile platform, touted as the world’s first Android-focused fund.
JAIC JV joins Draper Fisher Jurvetson's partner network
DFJ JAIC, an early stage US-Japan cross border investment fund, has joined Draper Fisher Jurvetson’s (DFJ) Global Network of Partner Funds, a network of VC partnerships that includes more than 400 active portfolio companies and a collective $7 billion...
Sequoia invests in Chinese online retailer
Sequoia Capital has invested an undisclosed amount into China-based retailer and wholesaler Milanoo.com. According to a press statement, the invested funds will be used to strengthen the company's product supply system, optimize the online shopping platform...
Yatra gets $45m of new funding
Digital travel services firm Yatra.com has received INR200 crore ($45.2 million) in a growth-financing tranche led by Valiant Capital and included participating from existing investors including Norwest Venture Partners and Intel Capital.
Mayfield leads Series B round into ShineOn
LED-focused tech firm ShineOn Holding Incorporation has received a Series B funding from a group of top China-focused VCs including the Mayfield Fund, GSR Ventures, Northern Light Ventures and IDG-Accel Capital. The size of the investment was not disclosed,...
VIDEO: Venture in Oz
AVCAL's Katherine Woodthorpe and CHAMP Private Equity's Bill Ferris explain to AVCJ TV why venture investing in Australia appeals, and why the industry on a whole still lags behind other PE investment avenues.
SciClone buys VC-backed NovaMed
California-based SciClone Pharmaceuticals Inc. has acquired Fidelity Asia Ventures- and Atlas Venture-backed NovaMed Pharmaceuticals Inc., a Chinese specialty pharmaceutical firm, for approximately $62 million in the form of cash and shares.
Announcing the AVCJ Private Equity & Venture Capital Awards China
2003 was probably one of the gloomiest years in recent memory for people in Asia. It was in that year that we launched our first annual AVCJ Private Equity & Venture Capital Awards at the suggestion of Walden’s Lip Bu Tan, who rightly proposed injecting...
Lashou ups ante for group-buying niche
Chinese group-purchasing website Lashou.com received $110 million in a Series C financing round, bringing its total funding raised by VC to $166 million – the most capital any group-purchasing company in China has received, Lashou claims, coming as competition...
Digital travel portal gets $50 million from Sequoia, DCM
Tuniu.com, a China-based digital travel service, has raised $50 million in a Series C venture capital financing round from firms including Sequoia Capital, DCM and Highland Capital, as well as Japanese e-commerce major Rakuten Group.
Blackstone RMB fund approved for QFLP
The Blackstone Group’s RMB denominated domestic Chinese private equity fund has been approved for the Qualified Foreign Limited Partner (QFLP) program by the Shanghai authorities according to a report by Bloomberg.
Nature Elements Capital will raise RMB 250 million energy fund
Nature Elements Capital, a Cleantech focused private equity firm in Beijing reportedly plans to raise capital up to RMB250 million ($38.2 million) for a fund that will focus on clean energy projects across Asia.
DST to open in Hong Kong - reports
DST Advisors, the VC investor headed by celebrity Russian entrepreneur Yuri Milner, is reportedly in the process of setting up shop in Hong Kong, Reuters reported, citing sources close to the firm.