Venture
Fund focus: Patience pays for off for Movac
New Zealand VC firm Movac has exceeded expectations with its latest vintage, trading individuals and families for institutions, some of which are entering the asset class for the first time
Japan's Dimension closes second VC fund on $75m
Dimension, a spinout of Japan’s Dream Incubator, has closed its second VC fund with JPY 10.1bn (USD 75m) in commitments.
New Zealand's Movac raises $125m for Fund VI
New Zealand-based Movac has closed its sixth technology fund on NZD 202m (USD 125m) despite what Mark Vivian, a general partner at the venture capital firm, described as “the most challenging fundraising conditions I've experienced since the GFC [global...
Japan's Genesia closes Fund III on USD 110m
Japan’s Genesia Ventures, a seed-stage tech investor with a presence in Indonesia and Vietnam, has closed its third fund on USD 110m.
Stride hits first close on third India venture debt fund
India-based venture debt provider Stride Ventures has reached a first close of USD 100m on its third fund, which has an overall target of USD 200m.
Japan's SMBC, Incubate set up USD 200m Asia VC fund
Sumitomo Mitsui Banking Corporation (SMBC) has established a USD 200m growth and late-stage pan-Asian VC fund in partnership with Japan’s Incubate Fund, which will co-manage the vehicle.
Fund focus: Chiratae eyes global growth
Chiratae Ventures has raised a growth-stage fund to participate in later-stage rounds for Indian portfolio companies that are becoming ever larger and ever more international in their outlook
Fund focus: Integra focuses on the fintech layer
One of few sector specialists in market populated by Indonesia-focused generalists, Integra Partners has fashioned a differentiated investment narrative. LPs committed $90m to the cause
Japan VC: Global appetites
The relatively recent advent of sizeable VC funds and high-profile start-ups in Japan has exposed long-simmering ambitions to be more international. This could be a breakout moment
3one4 raises $200m for early-stage India fund
Indian venture capital firm 3one4 Capital has closed its fourth early-stage fund – and sixth overall – on target at USD 200m. The fundraising process took two-and-a-half months.
Integra closes second Southeast Asia VC fund on $90m
Singapore-based early-stage venture capital firm Integra Partners confirmed it has closed its second fund on USD 90m.
Chiratae closes debut growth fund on $122m
India’s Chiratae Ventures has closed its debut late-stage VC fund with about INR 10bn (USD 122.3m) in commitments, beating a target of INR 7.5bn.
Fund focus: Globis doubles down on Japan VC thesis
Having raised nearly twice as much for Fund VII as it did for Fund VI, Globis Capital Partners plans to back more portfolio companies through growth-stage rounds and help them realise global ambitions
Japan's Marunouchi launches $1bn climate tech fund
Japan-based Marunouchi Innovation Partners (MIP), a private equity manager controlled by Mitsubishi Corporation, has hit a first close of USD 400m on a climate tech fund. The overall target is USD 1bn.
Japan's Globis closes Fund VII on $544m
Japanese venture capital firm Globis Capital Partners (GCP) has closed its seventh fund on JPY 72.7bn (USD 544m), nearly twice what it raised in the previous vintage.
Capria hits first close on emerging markets fund
Capria Ventures, a US-based impact investor with a significant India presence, has reached a first close of unspecified size on its latest emerging markets fund. The target is USD 100m.
Korea plans $751m venture capital fund-of-funds
The Korean government has sought to counter a steep drop-off in venture capital investment by pledging significant policy support for the industry, including a KRW 1trn (USD 751m) fund-of-funds.
Matrix China pushes out final close on Fund VII
Matrix Partners China has sought a three-month extension to the deadline for closing its latest venture capital fund with a view to reaching the USD 1.6bn target.
Consumer specialist Tiantu closes $218m renminbi fund
Tiantu Capital, a China-based consumer-focused venture capital firm, has raised CNY1.5bn (USD 218m) for its latest renminbi-denominated fund.
Fund focus: Iron Pillar takes India SaaS to the world
Iron Pillar has secured USD 129m for what it claims is the first India venture-growth fund dedicated to supporting local companies with global software and cloud infrastructure solutions
Japan's Fiducia hits second close on debut fund
Fiducia, a tech investor set up by the former private markets head of Japan Post Bank, has reached a second close of JPY 3.86bn (USD 29m) following a commitment from SBI Group.
Heritas hits $20m first close on Asia impact fund
Singapore-based private equity firm Heritas Capital has reached a first close of USD 20m on its latest Asia impact fund against an overall target of USD 50m. DBS contributed USD 10m.
India's Rockstud targets $37m for sophomore angel fund
India’s Rockstud Capital, an early-stage VC investor backed by high net worth individuals, has launched its second angel fund with a target of INR 3bn (USD 37m).
AI-dedicated GP targets South, Southeast Asia
A group of artificial intelligence (AI) investors in Africa have launched a new Singapore-based private equity firm, AI Capital, that will invest across South and Southeast Asia, as well as Africa.