Sequoia Capital China’s recent $3.68 billion fundraising effort has significantly expanded its scope to participate in later-stage deals. The three funds include a growth vehicle of $2.8 billion, a 55% increase on the previous vintage.
Ritesh Agarwal (pictured), the founder of Indian hotel booking platform Oyo, has launched a Singapore-headquartered venture capital firm called Aroa Ventures.
With $21 million in dry powder, Tidal Ventures wants to bring institutional rigor to Australia's seed stage, helping prepare start-ups for Series A rounds
Wavemaker Partners overcome COVID-19 uncertainty to close its latest fund at $111 million. Enterprise-facing and deep technology companies in Southeast Asia are likely targets
Vitalbridge Capital, a Chinese venture capital firm established by Jinjian Zhang, formerly of Trustbridge Partners, has raised $150 million for its debut fund.
Singapore-headquartered venture capital firm Her Capital is seeking to raise a debut $10 million fund to invest in Southeast Asia with a gender lens-focused thesis.
Ascendum Capital Partners, a healthcare investment firm established by DCP Capital, Qiming Venture Partners and Chinese medical devices manufacturer Venus Medtech, is looking to raise $200 million for its debut fund.
Vertex Holdings’ Chua Kee-Lock likens his network of VC funds seeded by the Temasek-owned entity as a distributed computer system. It will draw down more power as it grows
Wavemaker Partners has closed its third Southeast Asia venture capital fund with $111 million in commitments. The target was $100 million.
DCM Ventures has raised $880 million across two funds that will continue its early-stage technology strategy, with 70% of the capital earmarked for deployment in China.
Openspace Ventures has achieved a first close of more than $90 million on its third Southeast Asia fund, which has an overall target of $200 million.
Cutting non-core operations is the standard corporate response to an economic downturn. Companies in Asia must decide whether the long-term benefits of exposure to new technologies outweighs short-term pain
Chinese venture capital firm Unity Ventures - also known as Jiuhe - has reached a first close of $50 million on its debut US dollar-denominated fund. The vehicle has an overall target of $100 million.
Clime Capital, a newly established cleantech investor based in Singapore, has launched a clean energy fund for Southeast Asia targeting $50 million.
B Capital Group, a US-based VC with a presence in Singapore and a significant Asia portfolio, has closed its second global fund at $820 million.
Hong Kong and US-based food technology investor Lever VC has launched a RMB200 million ($28 million) fund dedicated to Chinese plant-based meat start-ups.
Indonesia’s East Ventures has reached a first close of $57 million on its eighth fund. The target is $88 million.
BRI Ventures, a unit of Bank Rakyat Indonesia, has launched a locally incorporated fund that will invest local start-ups.
Frustrated with his business, Sebastian Togelang returned to Indonesia from Germany to invest in technology start-ups. He counsels entrepreneurs that it pays to be part of a larger platform
Beenext Capital Management has expanded its LP base while maintaining fund size discipline. This is born of a philosophy that capacity for cross-pollination is more important than capacity for deployment
Singapore-based VC firm Beenext Capital Management has raised $160 million across two funds that will invest in start-ups in Japan and emerging markets.
Australian VC firm Square Peg Capital has received initial commitments of A$350 million ($240 million) for its third fund from investors including Hostplus and AustralianSuper.
Big Idea Ventures, a US and Singapore-based food technology investor, has launched its debut fund with a target of $50 million. Asia is a core market.
Matrix Partners China has raised $750 million for its sixth venture capital fund for deployment in early-stage opportunities across the internet and mobile internet, financial services, healthcare, and enterprises services spaces.