Venture
Singapore government backs six local VC funds
The Singapore government has committed S$10 million ($7.9 million) apiece to funds run by Jungle Ventures, Golden Gate Ventures, SBI Ven Capital, Walden International, New Asia Investments and Monk’s Hill Ventures.
Matrix closes third China VC fund at $350m
Matrix Partners has reached a final close of $350 million on its third China-focused fund. It follows a strong first quarter for China venture capital fundraising.
New Horizon leads $70m Series C for Arrail Dental
New Horizon Capital has led a $70 million Series C round of funding for Arrail Dental Clinic, a Beijing-based dental service provider.
Insight Venture commits $250m to Australia's Campaign Monitor
Insight Venture Partners has invested $250 million in Campaign Monitor, an Australian business that makes software for email-marketing campaigns.
IDG, Vertex lead $23m round for India's Yatra
IDG Ventures and Temasek Holdings-owned Vertex Ventures have led a INR1.4 billion ($23 million) round of funding for Yatra.com, a leading Indian online travel company.
Warburg Pincus leads $70m round for China job site Liepin
Warburg Pincus has led a $70 million Series C round of funding for Liepin.com, a Chinese online recruitment services provider, with participation from existing investor Matrix Partners China.
Lightspeed bets on financial disruption
Regulation is the primary concern for PE and VC firms considering investments in China’s peer-to-peer (P2P) lending industry. The market opportunity has never really been in doubt. Online P2P lending platforms are a bridge between individual lenders...
CBC, AsiaInfo back China travel solutions provider Baoku
China Broadband Capital (CBC) and telecom software developer AsiaInfo-Linkage have backed a Series A round of funding for Baoku.com, a Beijing-based travel solutions provider.
India's SIDBI invests in diabetes hospital
SIDBI Venture Capital has invested INR180 million ($3 million) in the India Kanungo Institute of Diabetes Specialities (KIDS) via its Samridhi Fund.
China online health forum secures $1m from Lightspeed
Lightspeed China Partners has committed $1 million to Kanchufang, a Chinese online healthcare information operator.
Jafco reaches $260m final close on fifth global VC fund
Jafco Ventures has reached a final close on its latest global fund at $260 million for its latest global fund. The vehicle, which was originally targeting $250 million, is the largest the firm has ever raised.
VC-backed China cosmetics retailer Jumei targets $400m IPO
Sequoia Capital investee Jumei International Holding, which claims to be China’s leading online retailer of beauty products, is seeking to raise up to $400 million through a NASDAQ IPO.
Indian regulator to issue crowdfunding guidelines
India’s securities regulator plans to issue guidelines for crowdfunding as part of efforts to open up additional financing channels for start-ups.
DCM commits $9m to China's DerbySoft
DCM has committed $9 million in a Series D round of funding for DerbySoft, a Chinese hotel technology solutions provider.
Japan's B Dash Ventures backs photo curation site Iemo
Japanese VC firm B Dash Ventures has invested an undisclosed sum in Iemo, an interior design-focused photo site.
Meridian Capital backs China Wi-Fi solutions provider
Chao WiFi, a Chinese Wi-Fi services provider, has received RMB15 million ($2.4 million) in Series A funding from Meridian Capital.
Lightspeed leads Series B round for China P2P lender PPDai
Lightspeed China Partners has led a Series B round of funding for PPDai, which claims to be China’s first and largest peer-to-peer lending (P2P) platform. Other investors include Sequoia Capital and US-listed wealth management firm Noah Holdings.
IDG, China Growth Capital invest in job site HunterOn
HunterOn.com, a Chinese online recruitment website, has secured a Series A round of funding from IDG Capital Partners and China Growth Capital.
Vertex leads round for Southeast Asia taxi-booking app
Vertex Ventures, a unit of Temasek Holdings, has led a round of funding for GrabTaxi, a taxi booking app set up in Malaysia that is looking to continue its expansion into other Southeast Asian markets.
VC-backed Chinese package tour platform files for US IPO
Tuniu, a Chinese online package tour provider backed by DCM, Temasek Holdings, Gobi Partners and Sequoia Capital, is seeking to raise up to $120 million through a US IPO.
China online music provider Kuke secures Milestone support
China-focused Milestone Capital has committed a Series A round of funding to Kuke.com, an online music supplier.
Kingsoft commits $90m to VC-backed file-sharing service Xunlei
Chinese software developer Kingsoft Corporation will invest $90 million in Xunlei, a file-sharing service backed by a string of VC firms including Morningside Technologies, IDG Ventures and Ceyuan Ventures.
China online liquor retailer raises $68m
Jiuxian.com, a Chinese e-commerce site that sells wines and spirits, has raised RMB425 million ($68 million) across two rounds of funding.
LanzaTech forms Asian alliance
LanzaTech is a classic example of how a disruptive technology can attract investors from different geographies. Originally from New Zealand, the company has developed a technology for converting carbon dioxide into fuel and chemical products. This kind...