Venture
MassMutual Ventures raises $300m for Asia, Europe
MassMutual Ventures (MMV), a global venture capital firm that counts US-based Massachusetts Mutual Life Insurance as its sole LP, has launched a USD 300m fund that will invest in Asia Pacific and Europe.
Fund focus: Openspace begins growth story
Openspace Ventures has raised USD 200m for a fund that will primarily do follow-on rounds for existing portfolio companies. There is plenty of activity, but uncertainty lurks in the background
Openspace closes SE Asia growth fund on $200m - update
Southeast Asia-focused Openspace Ventures closed its debut growth fund on target at USD 200m in the first quarter of 2022 and has already committed nearly half the corpus.
Arkam secures $106m for debut India fund
Arkam Ventures, an Indian VC firm established by Rahul Chandra, formerly of Helion Venture Partners, has closed its debut fund on USD 106m.
Sequoia targets USD 7.1bn for latest China vintage
Sequoia Capital has defied a difficult China fundraising environment to set a target of USD 7.1bn for its latest set of funds, which include an expansion vehicle in addition to the existing growth strategy.
Fund focus: ASEAN finds new inroads to global tech
SeaX Ventures is ramping up its “corporate venture capital-as-a-service” with a significantly upsized second fund and sharpened strategy around deep tech demand in Southeast Asia
Elevation raises $670m for latest India VC fund
India-focused Elevation Capital has closed its latest early-stage fund on USD 670m on the back of a 100% increase in the firm’s pace of deployment in the past 12 months.
China’s XVC raises $274m for third US dollar fund
Beijing-based venture capital firm XVC has raised USD 274m for its third US dollar-denominated vehicle. It brings overall assets under management to USD 1.2bn.
SeaX wins Thai corporate support for $60m second fund
SeaX Ventures – or Southeast Asia Exponential Ventures – has closed its second early-stage fund on USD 60m, surpassing the USD 50m target.
India's Omnivore launches $130m agtech VC fund
India’s Omnivore Partners has launched its third domestic agricultural technology VC fund with a target of USD 130m.
Japan's Drone Fund closes third vintage on $85m
Japan’s Drone Fund has closed its third air mobility-dedicated vehicle at JPY 10.5bn (USD 85m), beating a target of JPY 10bn.
Fund focus: India’s HealthQuad bulks up for Fund II
Indian health-tech VC firm HealthQuad has achieved a quantum leap in capacity to invest with its second vintage as foreign capital discovers the local opportunity set and thinks globally about impact
India’s LC Nueva hits first close on debut VC fund
LC Nueva Investment Partners, a partnership between Singapore’s Lighthouse Canton and India’s Nueva Capital, has hit a first close of about USD 30m on its debut VC fund. The target is USD 40m.
HealthQuad raises $162m for India healthcare VC fund
HealthQuad, an India-focused healthcare VC investor backed by Quadria Capital, has closed its second fund on USD 162m, more than twice the original target.
Australia's Carthona hits $75m first close on VC fund
Australia-based VC firm Carthona Capital has reached a first close of AUD 100m (USD 75m) – against a target of AUD 200m – on its fourth fund, which will add Web3 to its existing focus areas.
IIFL Private Equity targets $524m for latest India pre-IPO fund
IIFL Private Equity is seeking up to INR 40bn (USD 524m) in commitments for its latest India pre-IPO fund as part of a broad fundraising push intended to secure INR 70bn to INR 80bn across multiple strategies over the next 12 months.
Inflection Point seeks $50m for India early-stage fund
India’s Inflection Point Ventures, an early-stage investment platform with about 2,000 angel members, has launched a fund with an initial target of USD 50m.
Eight Roads launches $350m China tech fund
Eight Roads Ventures has raised a China fund with a corpus of USD 350m which will make venture and early growth investments across enterprise, financial, and consumer technologies
AppWorks targets $360m for Fund IV, launches Web3 arm
Taiwan-based VC firm and accelerator AppWorks has established a dedicated Web3 arm and plans to launch its fourth flagship fund with a target of USD 360m in the second quarter of 2022.
Nepal's Dolma hits second close on Fund II
Nepal’s Dolma Fund Management has reached a second close of USD 50m on its second impact fund with the addition of the US International Development Finance Corporation (DFC) as an LP.
Accel raises $650m for seventh India fund
Accel Partners has raised USD 650m for its seventh India VC fund, which will also make early-stage investments in Southeast Asia. The firm’s total assets under management in the region now top USD 2bn.
China's Qiming recruits partner from LACERA
David Chu, formerly of Los Angeles County Employees Retirement Association (LACERA), has become a partner at China-based Qiming Venture Partners with responsibility for fundraising and investor relations.
Australia VC: An ideal match?
Having backed Australian VCs for Hostplus, Neil Stanford is now raising a fund-of-funds with a view to catalysing a state-wide start-up ecosystem. A preferred return structure is being used to lure LPs
India's IvyCap secures foreign LP backing for Fund III first close
India’s IvyCap Ventures is progressing on efforts to diversify its LP base, with 15% of the first close commitments in Fund III coming from international investors, while many of its domestic institutional backers re-upped.