Venture
India's Blume reaches $40m first close on early-stage fund
Indian venture capital firm Blume Ventures has reached a first close of $40 million on Blume Ventures Fund III, its third early-stage fund.
Adams Street closes global early stage fund at $426m
Adams Street Partners has reached a final close of $426 million on Adams Street Venture Innovation Fund II, its global early-stage fund-of-funds.
TPG, SoftBank Ventures Korea team up for $300m China fund
TPG Capital and SoftBank Ventures Korea are launching a $300 million China fund that will invest in start-ups focusing on technology, media, and the internet.
India's Pi Ventures closes early-stage fund at $31m
Pi Ventures, an Indian early-stage investor focused on artificial intelligence (AI) and machine learning, has closed its debut fund at INR2.25 billion ($30.9 million).
Golden Gate closes SE Asia VC fund at $100m
Golden Gate Ventures has closed its third Southeast Asia-focused fund at $100 million. Like its predecessors, the oversubscribed fund will invest in start-ups using technology to disrupt traditional business models in the consumer sector.
Profile: AlphaX Partners' Chuan Thor
Over the course of more than two decades – with Jafco, Highland Capital Partners, and now AlphaX Partners – Chuan Thor has participated in China’s transition from tech follower to tech leader
India's Lightbox Ventures seeks $200m for Fund III
Lightbox Ventures has raised $178 million for its third India-focused VC fund, which is targeting a final close of $200 million by the end of the year.
Southeast Asia VC: Partner propositions
Strategic investors, particularly from China, are playing a growing role in Southeast Asia’s technology scene. Venture capital investors in the region hope their portfolio companies can benefit from the rising tide
Australia's NAB commits $36m to VC fund
National Australia Bank (NAB), has committed an additional A$50 million ($36 million) to its venture capital unit for investments in financial technology companies through 2020.
Sequoia raises $2.5b for China funds
Sequoia Capital has closed its latest China funds with $2.5 billion in commitments across growth, venture, and seed strategies.
Autonomous vehicles: Driving ambition
Asia’s driverless car space has become an increasingly popular investment destination in recent years, but a number of significant challenges must be resolved for the sector to gain widespread social acceptance
CDC Group backs India's Pi Ventures
CDC Group has committed $6 million to a fund managed by Pi Ventures, an Indian firm focused on artificial intelligence (AI) and internet-of-things (IoT).
Sequoia India closes sixth fund at $695m
Sequoia Capital India has closed its sixth fund at $695 million, surpassing a target range of $625-675 million.
Singapore's Qualgro reaches $60m first close on second fund
Qualgro, a Southeast Asia and Australasia-focused VC firm that spun out from Singapore asset manager Gordian Capital, has secured a first close of $60 million on its second fund.
Singapore's Tin Men targets $100m for debut fund
Tin Men Capital, a Southeast Asia-focused VC firm founded earlier this year, is targeting $100 million for its debut fund. The GP has committed $6.9 million to Overdrive IOT and Globaltix, marking its first two investments.
Matrix raises $300m for third India fund
Matrix Partners has raised $300 million for its third India-focused venture capital fund, which will back companies in sectors including consumer and enterprise technology and financial technology.
Y Combinator hires ex-Baidu COO to lead China business
Silicon Valley-based seed-stage accelerator Y Combinator (YC) has chosen Qi Lu, the former group president and COO of search giant Baidu, as the founding CEO of its China branch, YC China.
GGV seeks $1.9b for new venture funds
Sino-US venture capital firm GGV Capital is targeting $1.88 billion for its latest fund, which like its previous fund is grouped into four separate vehicles.
Openspace closes second SE Asia VC fund at $135m
Southeast Asia-focused VC firm Openspace Ventures – best known for being the first institutional investor in Indonesian ride-hailing and delivery platform Go-Jek – has closed its second fund at the hard cap of $135 million.
Golden Gate launches crypto, blockchain fund
Singapore’s Golden Gate Ventures has launched a cryptocurrency and blockchain fund in partnership with LuneX Ventures, a new firm established by Kenrick Drijkoningen (pictured), Golden Gate’s former head of growth.
Capria targets $100m for emerging markets fund-of-funds
Capria Ventures, a US impact investor sponsored by Unitus, has launched a $100 million fund that will focus in part on developing regions within Asia.
Q&A: Future Fund's Raphael Arndt
Australia’s Future Fund is responding to disruption by investing in venture capital, factoring technology risk into investment decision making, and upgrading internal systems. CIO Raphael Arndt explains the rationale behind this approach
Blackbird hits $193m final close on Australia VC fund
Blackbird Ventures has closed its third Australian VC fund with A$261 million ($193 million) in commitments, split between a core investment vehicle and a top-up fund.
Fund focus: LPs queue up for a piece of Long Hill
China’s Long Hill Capital scales up with its latest VC fund with strong support from new and existing LPs. Sector specialization has helped underpin much of the progress