Venture
Vertex leads $6m round for India's CloudCherry
Vertex Ventures, the VC arm of Singapore's Temasek Holdings, has led a $6 million Series A round for Indian customer experience management platform CloudCherry alongside Cisco Investments, the corporate VC arm of Cisco Systems.
Singapore's UOB backs $72m Series C for OurCrowd
Singapore-based UOB Group has joined a $72 million Series C round for Israeli equity crowdfunding platform OurCrowd.
Fund focus: AirTree rides innovation wave
Australian GP AirTree Ventures raises its latest fund to invest in tech start-ups across growth ranges
Philippines consumers: Boom in a bottle
Tidal shifts in the Philippines' consumer demographics are piquing interest among private equity and venture capital investors alike, but sluggish policy modernization efforts remain a key barrier to entry
Chinese online lender FirstP2P secures $70m
FirstP2P, a Chinese online peer-to-peer (P2P) financing site, has raised a $70 million Series C round led by existing investor CCB International.
Fund focus: Sinovation gets new firepower
Innovation Works changes its name, but plans to keep focusing on China's growing tech talent
Northern Light leads Series B for China’s TenNor Therapeutics
Northern Light Venture Capital (NLVC) has led a $25 million Series B funding round for TenNor Therapeutics, a Chinese drug developer specializing in infectious diseases.
Bessemer leads $15m round for India's Swiggy
Bessemer Venture Partners has led a $15 million Series D round for Indian online food delivery start-up Swiggy.
China LeEco’s smart car unit raises $1b
Leshi Internet Information and Technology, also known as LeEco, has raised $1.08 billion for its self-driving electric car project.
Linear Venture closes $70m China early-stage VC fund
Linear Venture, a Chinese early-stage VC firm founded by former Facebook and JD.com employees, has closed its second fund – which comprises US dollar and renminbi-denominated tranches – with approximately $70 million in aggregate commitments.
Singapore's JFDI abandons accelerator program
Singapore-based Joyful Frog Digital Incubator (JFDI) has closed its pioneering accelerator program as part of a corporate restructuring.
Deal focus: InnoVen targets India-Southeast Asia angle
Having gained traction with its venture debt proposition in India, Innoven Capital is now following those same portfolio companies as they expand into Southeast Asia
Taiwan regulation: Forward views, sideways moves
The Taiwan government is attempting to reconcile its conservative tendencies with a need for innovation as the local venture capital industry marks mixed progress in filling an early-stage vacuum
VC value-add: Operational gambit
As competition for VC deals intensifies in Asia and capital becomes commoditized, GPs are stressing their value-add credentials. Should we believe the hype?
Baidu launches $200m VC fund to invest in AR, VR
Chinese search engine Baidu has launched a $200 million venture fund that will focus on next-generation technologies, such as augmented reality (AR) and virtual reality (VR).
Australia VC: Interesting times
AirTree Ventures' successful fundraise underlines the growth interest in Australian venture capital, but the superannuation funds have yet to prove themselves to be a consistent source of capital
Australia’s AirTree raises $188m VC fund
AirTree Ventures claims to have raised Australia's largest-ever venture capital fund, having closed its latest vehicle at A$250 million ($188 million)
China’s Sinovation Ventures raises $674m across two funds
Chinese early-stage VC firm Sinovation Ventures, formerly Innovation Works, has closed its third US dollar-denominated fund and second renminbi fund, with more than $674 million in aggregate commitments.
Innovation Works launches fund with China’s Zall Group
China-based early-stage investor Innovation Works, which was founded by former Google China head Kai-Fu Lee, has teamed up with Hong Kong-listed real estate developer Zall Group to launch a private equity fund.
China logistics software start-up raises $25m Series B round
OTMS, a China-based logistics software developer, has raised a $25 million Series B round led by Weixing Chen, founder of local ride-hailing app operator Kuaidi Dache.
Ex-JP Morgan China president joins local VC firm
Brett Krause, former president of J.P. Morgan Chase China, has joined PurpleSky Capital as managing partner with a view to helping the local early-stage VC firm launch a debut US dollar-denominated fund.
China local supermarket O2O player raises $195m
Huimin, a Chinese B2B e-commerce platform that focuses on small-scale supermarkets, has raised a RMB1.3 billion ($195 million) Series B round from a group of renminbi fund managers including Fortune Capital.
China online used car marketplace Renrenche raises $150m
Renrenche, a Chinese peer-to-peer second-hand car trading platform, has raised $150 million in the initial tranche of its ongoing Series D round of funding.
Temasek, GDP, Mistletoe in fresh round for Singapore's Garena
Singapore-headquartered mobile internet and gaming platform Garena has raised a fresh round of funding from a unit of Temasek Holdings, Indonesia's Global Digital Prima (GDP) Venture, and Japanese impact investor Mistletoe.