Norwest Venture Partners, a US-headquartered investor with a strong presence in India, has closed its latest global VC fund at $2 billion. It is the firm’s largest vehicle to date.
Indian Angel Network (IAN) has closed its first venture capital fund with INR3.7 billion ($53 million) in commitments. The target was INR3.5 billion.
Philippines consumer technology developer Xurpas has agreed to acquire the US operations of venture capital firm Wavemaker Partners.
China’s Eastern Bell Capital has closed its first US dollar-denominated fund at $365 million, exceeding the target of $350 million.
DTCP, a Germany-based VC firm controlled by Deutsche Telekom and Korea’s SK Telecom, has opened its first Asian office in Seoul.
A handful of Australian superannuation funds have started investing directly in local start-ups as well as backing VC funds. Is buying a strip off one of these portfolios the next step?
AirTree Ventures raised $188 million for its third fund on the back of a hiring spree that has doubled headcount and added operational capabilities as the firm looks to nurture a new generation of Australian unicorns
Having spent 12 years at Qiming Venture Partners, J.P. Gan has raised $352 million for his debut fund at Ince Capital Partners. More early-stage consumer internet deals will follow
Singapore-based Jungle Ventures has closed its third early-stage Southeast Asia VC fund at $240 million, more than doubling the previous vintage.
L’Oréal will support the second fund being raised by Cathay Innovation, the VC affiliate of Cathay Capital Private Equity. The company wants to build ties to the beauty tech start-up ecosystem in China, its second-largest market.
Australia’s AirTree Ventures has closed its third fund at A$275 million ($188 million) with substantial contributions from local superannuation funds.
Ince Capital Partners, a Chinese consumer internet-focused venture capital firm established by former Qiming Venture Partners executive J.P. Gan, has closed its debut fund at the hard cap of $351.9 million.
Germany-based life sciences and healthcare technology giant Merck has launched a RMB100 million ($14.1 million) seed fund targeting Chinese start-ups.
China-based MSA Capital, also known as MagicStone Alternative Investments, has confirmed that Middle Eastern investor Al Waha has made an LP commitment to its second venture capital fund.
India and US-focused Inventus Capital Partners has closed its third fund at INR3.6 billion ($52 million). It is the early-stage investor's first vehicle dedicated solely to India.
Having won support from HarbourVest Partners to spin out a portfolio from his former employer, Norwest Venture Partners, Mohan Kumar is taking aim at India's underdeveloped enterprise software space
Golden Equator Capital, which is currently deploying a Southeast Asia technology fund alongside Korea Investment Partners, has appointed Pooja Gurbani (pictured) as a partner in its venture investments team.
Having raised $305 million for its latest India and Southeast Asia fund, Vertex Ventures is looking to tap into themes of technological advancement common to both geographies
HarbourVest Partners has spun out part of the Norwest Venture Partners India portfolio into a new fund to be managed by Avataar Venture Partners.
LGT Group aims to create new inroads for global investors looking to enter the impact space by acquiring Aspada, an Indian platform focused on digital inclusion and small business finance
Vertex Ventures, a VC arm of Singapore’s Temasek Holdings, has closed its fourth Southeast Asia and India fund at $305 million, beating an initial target of $230 million.
Lightbox Ventures has raised $209.3 million for its third India-focused fund, exceeding an initial target of $200 million.
Vertex China, a venture capital firm affiliated to Temasek Holdings-owned Vertex Holdings, has closed its fourth fund on target at $275 million.
Vertex Venture Holdings, the VC arm of Singapore’s Temasek Holdings, has reached a final close on its first growth-stage fund with $290 million in commitments. The initial target was $250 million.