Venture
HighLight Capital leads $7.6m round for TCM play
Chinese healthcare-focused GP HighLight Capital has led a RMB50 million ($7.6 million) Series B round for Jun He Tang, a traditional Chinese medicine (TCM) business, followed by existing investor Qiming Venture Partners.
SAIF leads $12m round for India's ClearTax
SAIF Partners has led a $12 million Series A round for Indian online tax filing website ClearTax.
Sequoia leads $20m Series B for India's Voonik
Indian personalized fashion portal Voonik has raised a $20 million Series B round of funding led by existing investor Sequoia Capital.
Pavilion invests $5.8m in Japan’s Soracom
Pavilion Capital, a private equity unit of Singapore’s Temasek Holdings, has committed JPY600 million ($5.8 million) to Japanese internet-of-things (IoT) company Soracom.
China parenting site Beibei raises further $100m
Beibei, a Chinese maternal and infant products e-commerce platform, has raised $100 million in a new round of funding led by existing investors Northern Light Venture Capital (NLVC) and New Horizon Capital.
China's Fenqile receives $235m in Series D funding
Fenqile, a Chinese installment payment platform, has received $235 million from investors including Huasheng Capital, CoBuilder Partners and an unnamed Chinese insurance company.
Golden Gate closes $60m SE Asia VC fund
Singapore-based Golden Gate Ventures has closed its second early-stage venture fund focused on Southeast Asia at $60 million.
H&Q leads $30m round for Chinese car rental site Huizuche
H&Q Asia Pacific has led a RMB200 million ($30 million) Series B round of funding for Huizuche.com, a Chinese car rental platform for outbound tourists.
Japan VC: Outbound ambition
Japanese start-ups are looking to address global markets from day one, but few domestic venture capital firms are equipped to support cross-border strategies. Corporate VCs could provide the solution
Singapore's CapitaLand launches VC unit
Singapore real estate developer CapitaLand has set up a dedicated VC unit – known as C31 Ventures – to support global tech start-ups. This comes after the company received funding under the early stage venture fund program (ESVF) to make investments...
US AR specialist Meta raises $50m for China expansion
US-based augmented reality (AR) start-up Meta has raised a $50 million Series B round of funding from Chinese investors Tencent Holdings, Lenovo and Banyan Capital. They will support the company's expansion in China.
China online sports platform Banana Games raises $23m
Banana Games Media, a Chinese electronic sports platform founded by Xicong Wang, the son of Chinese billionaire Jianlin Wang, has raised a RMB150 million ($23 million) Series A round of funding from IDG Capital Partners.
Australia's Starfish in $17.5m China push for US marketing company
Australian VC firm Starfish Ventures has joined a $17.5 million round for Aktana, a US and Japan-based marketing services provider looking to consolidate its Asian footprint.
Microsoft, Salesforce lead $23m round for India's Helpshift
Microsoft Ventures and Salesforce Ventures have led a $23 million Series B round for Indian customer service platform Helpshift.
New Zealand VC: Apprehensive eruption
After a dormant 2015 during which no funds were raised, New Zealand has seen a flurry of activity in the first half of this year. It is piquing enthusiasm – albeit cautiously – for a fledgling VC space
Worlds apart: Virtual and augmented reality
Virtual reality is closer to mainstream acceptance than ever before, while augmented reality presents considerable potential – but financial returns will not come quickly and investors must show patience
Lightspeed China’s co-founder Ron Cao to start own firm
Ron Cao, co-founder and managing director of Lightspeed China Partners, is preparing to set up his own venture capital firm called Yunjiu Capital.
VC-backed KFit to acquire Groupon Indonesia
Malaysia-based gym membership app KFit, which is supported by Sequoia Capital and Venturra Capital, has agreed to acquire Groupon’s Indonesia business.
China crowdfunding site Qingsongchou raises $20m
Beijing Qingsongchou Network Technology, a Chinese online crowdfunding operator, has raised a $20 million Series B+ round of funding from Tencent Holdings, IDG Capital Partners, DT Capital and Tongdaoo Capital.
China VCs in $20m round for VR developer uSens
Fosun Kinzon Capital, the VC arm of Chinese conglomerate Fosun International, has led a $20 million Series A round for uSens, a US-based developer of virtual reality (VR) and augmented reality (AR) tools.
Beenext, Digital Garage lead Series B for India’s Droom
Droom, an Indian used automobiles trading marketplace, has raised about INR2 billion ($30 million) in a Series B round of funding led by Singapore-based early stage investor Beenext and Japanese incubator Digital Garage.
China's Blued completes Series C round
Vision Knight Capital has led a Series C+ round for Chinese gay-oriented social network and community app Blued.
VCs commit $50m to China’s Codoon
A sport industry-focused fund launched by FountainVest Partners and its portfolio company Focus Media has led a $50 million Series C round for Codoon, a Chinese wearable electronic devices manufacturer.
Australia's CapitalPitch launches $7m early-stage fund
Australia-based start-up networking platform CapitalPitch has launched a fund focused on early stage investments, with a target size of at least A$10 million ($7.3 million).