Japan Investment Corporation aims to help a sparse venture capital market catch up with a slightly more mature buyout space. Balancing private and public interests remains the key challenge
The debut fund from Hong Kong’s Lever VC has tapped an infection point in global demand for food innovation. A mix of motivators for entering this space makes the hype feel less like a bubble
South Korean institutional investors are keen to deploy capital in alternatives, their sentiment towards the asset class boosted by a relatively robust recovery from the pandemic and the stabilization of returns, the AVCJ Korea Forum heard.
The International Finance Corporation (IFC) has proposed a commitment of up to $25 million in the sophomore fund of India’s A91 Partners, which has a target of $500-550 million.
500 Startups has closed its largest-ever global fund at $140 million, while simultaneously rebranding as 500 Global and expanding its strategy to include later-stage deals.
Hong Kong-based food tech investor Lever VC has reached a final close of $80 million on its debut fund, which launched in August last year with a target of $50 million.
Singapore-based Jungle Ventures has reached a first close of $225 million for its fourth Southeast Asia fund after four months in the market. The target is $350 million.
Chinese early-stage tech investor Future Capital has broadened its scope with the closing of its first growth fund at $108 million.
Intudo Ventures has closed its third VC fund focused exclusively on Indonesia at $115 million after less than three months in the market.
Baidu Ventures (BV), a venture capital firm established by Chinese internet giant Baidu, has raised $400 million for its third US dollar-denominated fund.
Japan’s Coral Capital has confirmed a first and final close of JPY14 billion ($127.4 million) for its third venture capital fund. The vehicle is more than twice the size of its predecessor.
Prime Venture Partners has reached a first close of $75 million on its fourth India-focused VC fund. The overall target is $100 million.
Dayone Capital, a Chinese consumer-focused PE firm established by Allen Chen, founder of eyewear brand Mujosh and co-founder of BA Capital, has closed its debut fund at $630 million.
Antler is extending an aggressive expansion with the opening of a Korean office. The Singapore-based incubator and VC investor has set up 11 overseas bases since its inception in 2017.
Dream Sports, operator of India’s largest fantasy sports platform, has established a $250 million venture capital unit that will invest in sports, gaming, and fitness-tech start-ups nationwide.
AppWorks, a Taiwan-based venture capital firm and accelerator that also covers Southeast Asia, has closed its third fund at the hard cap of $150 million, taking its total assets under management to $212 million.
Stellaris Venture Partners has closed its second early-stage India fund on $225 million, comfortably exceeding the $160 million target while diversifying the LP base.
Demand for technology exposure among India’s most affluent is intensifying. Family offices may vary in profile, experience, and mode of access, but they all want a piece of the latest hot start-up
Indonesia’s Arise, a seed investor set up by MDI Ventures and financial technology specialist Finch Capital, has reached a first close of unspecified size on its debut fund. The target is $40 million.
Indian venture debt investor Stride Ventures has achieved a first close of INR5.5 billion ($74 million) on its second fund. The overall target is INR10 billion.
Southeast Asia-focused Openspace Ventures has reached a first close of $120 million on its debut growth fund, which will primarily participate in follow-on rounds for existing portfolio companies.
From social networking for dogs to surgical robotics, Philip Liang’s career as an entrepreneur and investor has been rich and varied. He welcomes the barrage of ideas filling his inbox at Hong Kong-based E15 VC
Vitalbridge Capital, a China-based venture capital firm that spun out from Trustbridge Partners, has achieved a first close of $200 million on its second US dollar-denominated fund.
The founders of Hong Kong-headquartered financial technology provider Airwallex, which has received $500 million in VC funding, have launched their own venture capital fund.