Several public sector organizations have committed $500 million to six funds managed by Bamboo Capital Partners under a new investment platform dedicated to achieving the UN sustainable development goals (SDGs).
US-based Massachusetts Mutual Life Insurance Company (MassMutual) has established a second venture capital fund for Southeast Asia with a corpus of $100 million.
Wipro Ventures, a venture capital investment arm of the eponymous Indian enterprise software provider, has raised $150 million for its second fund.
New Delhi-headquartered venture capital firm Venture Highway has raised $78.6 million for its second fund, which will focus on early-stage investments in technology start-ups.
Ankur Capital, an Indian early-stage investor focused on healthcare and agriculture technology investments, has reached a first close of INR2.4 billion ($33 million) on its second fund.
China-focused venture capital fund-of-funds Unicorn Capital Partners, which has raised $350 million for its latest vehicle, expects consolidation in the tech investment space as underperforming GPs flounder
A selection of the key fundraising, investment and exit events - presented in chronological order - from the past 12 months
Indonesia-based early-stage investor Alpha JWC Ventures has closed its second fund oversubscribed at $123 million.
Australia’s Blackbird Ventures has completed a GP-led secondary transaction whereby StepStone Global and HESTA have acquired interests from its debut fund for approximately A$100 million ($69 million).
India’s 3one4 Capital has closed its latest venture capital fund with INR4 billion ($57 million) in commitments and raised INR450 million for seed investment vehicle.
UniSA Ventures, a tech commercialization unit of the University of South Australia, has secured A$45 million ($31 million) from a group of Chinese investors for an Australia-focused biotechnology fund.
Vertex Ventures, a VC arm of Singapore’s Temasek Holdings, has received commitments of $180 million from Japanese investors for a fund-of-funds that will support its global portfolio of VC vehicles.
Circulate Capital, a Singapore-based investor dedicated to stemming plastic waste pollution in South and Southeast Asia, has reached a first close of $106 million for an ocean protection fund.
Accel Partners has closed its fifth early-stage India venture capital fund with $550 million in commitments.
China’s Loyal Valley Capital has closed its second US dollar-denominated fund at $465 million. The target was $400 million with a hard cap of $440 million.
FEBE Ventures, a Vietnam-based early-stage investor set up earlier this year, has launched a $25 million for targeting local and cross-border technology start-ups.
Beijing-based MSA Capital and Al Salam Bank-Bahrain have set up a $50 million VC fund that will target cross-border opportunities between China and the Middle East and North Africa (MENA) region.
Across the checkered early stages of his career, Amit Anand intuitively gravitated toward the technological engine of developing Asia. This underpinned the creation of Jungle Ventures
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?