Funds
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...
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.
Blackstone reports first close for its RMB fund
The Blackstone Group has recorded a first close its maiden RMB fund named the Shanghai Blackstone Equity Investment Partnership. In a press release, Blackstone has confirmed that the fund, which has set target size of RMB 5 billion ($765 million), has...
NTT and AP-backed 1st Holdings support Cloud computing techs
NTT Investment Partners, an investment arm of Japanese telecom company NTT Group, will invest JPY113 million ($1.35 million) into Midokura, a cloud-specialized software company. Also in the deal are listed data centre Bit-isle, and 1st Holding, a list...
Cyberagent and Globis make additional investment in Japanese web start-up
Kayac Inc, an Internet start-up company has attracted investments from three firms – online advertising agency and venture capital fund operator CyberAgent, venture capital firm Globis Capital Partners and online clothing store operator Start Today.
KKR’s Yageo offer reflects Taiwan's strength
KKR Asia, with company Chairman Pierre Chen, has offered $1.6 billion for Taiwanese electronic components manufacturer Yageo Corporation in a show of force that gives gravitas to a market that has largely lost its luster to regional private equity managers.
Lashou gets VC dollars as PRC group-buying sector heats up
Chinese group-purchasing website Lashou.com has received $110 million in a Series C financing round led by Milestone Capital, and included participation from Richemont’s affiliates Reinet Fund SCA FIS, Remgro Limited and previous investors GSR Ventures,...
Singapore venture firms support JustCommodity
Singaporean commodity trading software solutions specialist JustCommodity Software Solutions Pte Ltd. has received an S$5.6 million ($4.5 million) investment from a consortium led by Extream Ventures Pte Ltd, a VC firm also based in the city state that...
Eight Capital to launch $250m mezzanine fund in India
US-based global asset manager Eight Capital is set to launch its India-focused Mezzanine Income Fund, setting a $250 million target size that is expected to generate IRR of 20%.
Venture-backed Easou receives further VC funds
Easou, a Chinese mobile search service provider, has reportedly raised $20.48 million worth of financing from a venture capital investment group that includes Softbank China Venture Capital and Shanda Capital, the venture arm of Nasdaq-listed online media...