Venture
Fund focus: Plugging ASEAN family offices into global tech
Family offices have helped iGlobe Partners renew a lean and restrained deep tech VC mandate. A global investee network is hoped to facilitate overseas investments amid travel stoppages
DFC backs Openspace, Chiratae funds
The US International Development Finance Corporation (DFC) – formerly the Overseas Private Investment Corporation (OPIC) – has made commitments to funds being raised by Southeast Asia-focused Openspace Ventures and India’s Chiratae Ventures.
Fund focus: Unicorn does the hard yards
Six-year-old Unicorn Capital Partners has closed its latest China VC vehicle at the hard cap of $450 million, proving there is demand for fund-of-funds that offer something different
India micro VC player Artha raises $30m debut fund
Indian micro VC investor Artha Venture Fund (AVF) has raised INR2.2 billion ($30 million) for its debut vehicle, beating a target of INR2 billion.
Singapore food tech VC raises $25m for debut fund
Good Startup, a food tech VC set up in Singapore last year, has hit a $25 million first close on its debut fund, which will invest exclusively in alternative protein start-ups.
Singapore's iGlobe completes $100m fundraise
Singapore-based iGlobe Partners has closed its third venture capital fund with $100 million in commitments.
Japan's Dentsu launches second VC fund
Japanese advertising agency Dentsu Group has set up its second corporate VC fund with a corpus of JPY10 billion ($91.1 million).
Fund focus: Glory’s deep-tech thesis gains traction
Having initially struggled to win over LPs with a strategy focused on capital-intensive deep-tech assets, Glory Ventures was helped by US-China technology decoupling and the rise of new infrastructure
Ex-Goldman Japan strategist launches ESG VC fund
Kathy Matsui, formerly vice chair and chief Japan strategist at Goldman Sachs, has launched what is described as Japan’s first global venture capital fund focused on environment, social and governance (ESG).
Glory raises $120m for second China venture fund
China's Glory Ventures has closed its second US dollar-denominated fund at $120 million, with VC-focused fund-of-funds Unicorn Capital Partners serving as the anchor LP.
Japan's CyberAgent raises $55m for latest VC fund
CyberAgent Capital, a unit of Japanese advertising agency CyberAgent also known as CyberAgent Ventures, has raised JPY6 billion ($55 million) for its third flagship VC fund.
China's Meridian raises $330m for renminbi fund
Chinese VC firm Meridian Capital has closed its sixth renminbi-denominated fund at RMB2.12 billion ($330 million) after four months in the market.
Japan's UTEC seeks $275m for Fund V
University of Tokyo Edge Capital (UTEC) has secured a first close of undisclosed size on its fifth deep tech fund and expects to exceed a target corpus of JPY30 billion ($275 million) next month.
Japan's Infinity Ventures joins global alliance
Japan’s Infinity Ventures has teamed up with US and Europe-based E.ventures as well as its Brazilian affiliate Redpoint Eventures to form a global VC under the name Headline.
Ince seeks $450 million for second China VC fund
Ince Capital is preparing to launch its second China venture capital fund with a target of $450 million, less than 18 months after closing its debut vehicle.
Japan's JGC, Global Brain launch $46m VC fund
Japanese engineering conglomerate JGC Group has teamed up with local VC Global Brain to establish a JPY5 billion ($46 million) fund targeting industrial sector technology start-ups.
Australia's Main Sequence closes Fund II at $194m
Main Sequence Ventures, a specialist deep tech investor established by Australia’s national science agency, CSIRO, has closed its second fund with A$250 million ($194 million) in commitments.
Q&A: B Capital’s Raj Ganguly
In the past few months, B Capital Group has closed a late-stage fund, entered China, and moved forward with a seed-stage vehicle. Co-founder Raj Ganguly explains the firm’s thinking
China’s Hike Capital seeks $300m for Fund III
Hike Capital, a Chinese venture capital firm established by the founder of classifieds website Ganji.com and a senior executive at NetEase, is targeting $300 million for its third US dollar-denominated fund.
Japan's Samurai Incubate raises Africa fund
Japanese venture capital firm Samurai Incubate has closed its second Africa-focused fund above target at just over JPY2.02 billion ($18.6 million).
Amazon fund to drive India SME digitalization
Amazon has formed a $250 million fund that will invest in India-based small and medium-sized enterprises (SMEs) with a view to supporting nationwide business digitalization.
Alpha JWC seeks $250m for third Indonesia VC fund
Alpha JWC Ventures is targeting $250 million for its third Indonesia-focused venture capital fund, with the International Finance Corporation (IFC) proposing a commitment of up to $20 million.
Hong Kong's Lever VC hits $46m fourth close on food fund
Lever VC, a Hong Kong-based food tech investor, has achieved a fourth close of $46 million on its debut fund, claiming 2.3x growth in the value of the portfolio since 2019.
Fund focus: Long Hill burns the midnight oil
Embarking on its first Zoom-based fundraise, China's Long Hill Capital succeeding in closing just above target on $300 million while significantly diversifying the LP base
