Venture
Unicorn India Ventures reaches first close on second fund
Unicorn India Ventures, a Mumbai-headquartered seed investor, has achieved a first close of INR900 million ($11.9 million) on its second venture capital fund.
Vickers raises $200m for sixth VC fund
Singapore-based Vickers Venture Partners has confirmed a $200 million first close on its sixth global fund, which is targeting $500 million.
Fund focus: Quona doubles down on financial inclusion
Financial technology player Quona's $203 million second fund is expected to feature more early-stage rounds, more 'adjacency' plays in previously inaccessible segments, and more start-ups outside of India and Indonesia
Colombia VC to bridge Southeast Asia, Latin America
Latin Leap, a Colombian VC investor and start-up services provider, has launched a boutique fund targeting $20 million to help Southeast Asian companies expand into Latin America.
Vision Plus hits $400m first close on third China fund
Vision Plus Capital has completed the first closing on its third US dollar-denominated fund with $400 million in commitments. The vehicle comprises separate venture and growth equity capital pools.
Singapore’s Credence hits $50m first close on debut VC fund
Credence Partners, a growth-stage private equity firm in Singapore, has achieved a $50 million first close for a venture capital fund that will invest in Southeast Asia. The full target is $100 million.
Fund focus: Monk’s Hill rides SE Asia momentum
Southeast Asia is divided by language, culture and economic systems, but Kuo-Yi Lim of Monk's Hill Ventures contends there is now enough evidence that start-ups can go cross-border and achieve meaningful scale
Japan's Jafco closes sixth flagship VC fund at $765m
Jafco, Japan’s largest venture capital investor, has confirmed a final close on its sixth flagship fund at the hard cap of JPY80 billion ($765 million).
Fund focus: I-nest targets lifestyle technologies
Rather than addressing the healthcare opportunities created by Japan's changing demographic base, I-nest Capital is focusing on lifestyle and entertainment needs of an aging population
Quona closes second fintech fund at $203m
Quona Capital, a VC focused on financial inclusion in emerging markets, has raised $203 million for its second fund. It will target financial technology across India, Southeast Asia, Latin America, and Africa.
Sequoia warns founders not to underestimate coronavirus impact
Sequoia Capital has advised founders and CEOs of its portfolio companies to “question every assumption” about their business in response to mounting global concern over the coronavirus outbreak, which it describes as the “black swan of 2020.”
Monk’s Hill raises $100m for second Southeast Asia VC fund
Singapore-based Monk’s Hill Ventures has confirmed a final close on its second Southeast Asia fund with $100 million in commitments.
RTP targets Asia with $650m global fund
RTP Global, a Russia-headquartered VC firm that invests in Asia via offices in India and Singapore, has raised $650 million for its third global fund.
Japan’s I-nest Capital raises $60m for debut VC fund
I-nest Capital, a Japanese VC firm set up last year by former Mizuho Financial Group employees, has raised JPY6.6 billion ($60 million) for its debut fund. The target was JPY6 billion.
Korea’s Company K Partners launches $187m growth fund
Korean venture capital investor Company K Partners has raised KRW122 billion ($153 million) for its latest fund, which has a hard cap of KRW150 billion.
Hillhouse establishes China VC unit
Hillhouse Capital has launched a China venture capital arm under the name GL Ventures. The first fund will reportedly be RMB10 billion ($1.4 billion) in size.
India’s Blume closes Fund III at $102m
Indian venture capital investor Blume ventures achieved a final close of $102m on Blume Ventures Fund III, its third early-stage fund.
India’s Inflexor seeks $100m for debut fund
Inflexor Ventures, a recently established venture capital firm, is looking to raise $100 million for its debut fund, which will focus on early-stage deals.
Hamilton Lane backs Legend Capital fund restructuring
Hamilton Lane has led a $200 million restructuring of a VC fund managed by China-based Legend Capital, transferring 12 investments into a new vehicle as a means of extending the holding period.
VC and age: No industry for old men
The trendy, shape-shifting world of venture capital is broadly seen as a young person’s game, although hard evidence to this effect remains in scarce supply
Sequoia seeks up to $1.35b for India, Southeast Asia
Sequoia Capital is looking to raise between $1.28 billion and $1.35 billion for its latest set of funds – comprising separate venture and growth vehicles – for deployment in India and Southeast Asia.
Japan's SBI seeks $920m for technology fund
SBI Investment has launched a technology-focused VC fund, known as 4+5 Fund, with a target of JPY100 billion ($920 million).
ADB launches venture arm
The Asian Development Bank (ADB) has launched a VC arm focused on climate change-related technologies and women’s empowerment in the region.
India's JSW Ventures seeks $50m for second fund
A corporate venture capital unit of India's JSW Steel is looking to raise INR3.5 billion ($50 million) for its second fund, with a first close scheduled within a fortnight.
