Venture
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
5Y raises $2b across dollar, renminbi funds
China's 5Y Capital has raised nearly $2 billion for its latest US dollar and renminbi-denominated funds, securing $1.7 billion for the US dollar pool and around RMB1.9 billion ($290 million) for the local currency vehicle.
Long Hill raises $300m for third China VC fund
Long Hill Capital closed its third US dollar-denominated fund at $300 million with a remit to pursue healthcare and longevity-related opportunities, which includes start-ups focused on wellness and services aimed at aging consumers.
Japan's YJ Capital, Line Ventures merge, launch $274m fund
Japan’s YJ Capital, recently rebranded as Z Venture Capital (ZVC), has launched a JPY30 billion ($274 million) following a merger with Line Ventures.
China's Source Code confirms $1b close on US dollar funds
Source Code Capital has confirmed a final close of $1 billion on its latest set of US dollar-denominated funds, which takes the Chinese venture capital firm’s total assets under management to $2.5 billion.
B Capital expands into China, raises follow-on fund
US and Singapore-headquartered VC investor B Capital Group has established a China presence and closed a late-stage follow-on fund of $415 million for existing portfolio companies.
Qingsong raises $153m for fourth China VC fund
Qingsong Fund, a Chinese venture capital firm formed by Xiaosong Liu, an angel investor and co-founder of Tencent Holdings, has closed its fourth renminbi-denominated fund with RMB1 billion ($153 million).
Fund focus: CityU promotes entrepreneur enablement
City University of Hong Kong plans to invest $64 million in creating 300 start-ups over the next three years, offering students and staff a more structured route to commercializing academic research
Deal focus: IvyCap’s timely 22x windfall
With the launch of its third fund a few weeks away, IvyCap Ventures leveraged strong investor interest in beauty e-commerce player Purplle to secure one of India’s largest rupee VC exits
Sequoia India raises $195m for latest seed fund
Sequoia Capital India has closed a second seed fund under its Surge accelerator program at $195 million. Like its predecessor, it will target start-ups in India and Southeast Asia.
Hong Kong's Gly Capital launches $300m mobility tech fund
Gly Capital, a Hong Kong-based investor controlled by Chinese auto giant Geely, has launched a $300 million mobility tech fund.
China VC player Source Code to raise $1b
Source Code Capital, a Chinese venture capital firm founded by Yi Cao (pictured), formerly of Sequoia Capital China, is set to raise $1 billion across two funds.