Venture
The hothouse: Southeast Asia VC
Investors need to familiarize themselves with Southeast Asia's venture capital market so as not to miss out on a fast-developing opportunity
China Everbright boosts exposure to Haiyin's cross-border fund
China Everbright has committed an additional $15 million to Haiyin Capital’s latest VC fund, also claiming co-investment rights in the fund's US portfolio companies.
Temasek leads $45m round for China logistics data provider
Singapore’s Temasek Holdings has led a $45 million extended Series C round for G7, a Chinese logistics data smart device marker. Existing backers Tencent Holdings and Eastern Bell Venture Capital also participated in the round.
China's Xiaomi leads $25m round for India-based Hungama
Chinese smart phone maker Xiaomi has led a $25 million round of funding for Hungama Digital Entertainment, an Indian music and video online platform.
US-based EVC launches $50m India fund
Entrepreneurship & Venture Capital (EVC) has launched a $50 million fund to focus on early-stage technology investments in India.
Australia-based Cyara gets $25m Series A round
Cyara Solutions Corp, a customer experience monitoring service established in Australia in 2006, has received $25 million in a Series A round of funding led by PeakSpan Capital and Greenspring Associates.
Softbank Ventures Korea invests in India's True Balance
Softbank Ventures Korea has committed an undisclosed amount of Series A funding to India's True Balance, developer of an app to help users check their prepaid SIM card balance.
China used car trading platform Guazi.com raises $205m
Guazi.com, a Chinese C2C second-hand car trading platform, has completed a $205 million round of funding from several international investors.
China commercial property service platform raises $39m
Haozu.com, a Chinese O2O commercial real estate service platform, has raised a RMB250 million ($39 million) Series A round of funding led by Joy Capital and Black Hole Capital.
VCs commit $33m to Japan's Bizreach
Japanese online talent search platform Bizreach has raised a JPY3.7 billion ($33 million) Series A round led by YJ Capital, the investment arm of Yahoo Japan.
Ameba leads $46m round for China rural e-commerce site
Ameba Capital has led a RMB300 million ($46 million) Series A round of funding for Taoshihui, a Chinese rural e-commerce platform that helps farmers make purchases online.
KKR, Alibaba invest in China fresh-food online retailer Yiguo
KKR and existing strategic investor Alibaba Group have invested in a Series C round of funding for Yiguo, a Chinese online fresh-food e-commerce platform.
China recruitment site Lagou raises $34m
Lagou.com, a Chinese job-seeking platform, has raised RMB220 million ($34 million) in a Series C round of funding led by domestic investor Hongdao Capital.
Cherubic launches $120m fund for US, China
Early-stage venture capital firm Cherubic Ventures is targeting $120 million for its latest fund aimed at investments in the US and China.
Gobi, Mavcap launch $14.5m ASEAN seed fund
Gobi Partners and Malaysia Venture Capital Management (Mavcap) have launched a MYR60 million ($14.5 million) fund that will make seed-stage investments across Southeast Asia.
China's Travelzen raises $93m, plans for onshore exit
Travelzen.com, a Chinese B2B online travel platform, has raised a RMB600 million ($93 billion) Series C round from a group of domestic GPs, having removed its variable interest entity (VIE) structures in preparation for an onshore exit.
Thailand's Medical Departures raises $2.5m
Singapore-based venture capital firm DMP has led a $2.5 million Series A round for clinical services marketplace Medical Departures.
China third-party insurance platform Hzins raises $30m
Hzins.com, a Chinese third-party insurance service provider, has raised RMB200 million ($30 million) in a Series B round of funding from domestic GPs including Beijing Wanrong Times Capital and Shenzhen CDF-Capital.
Sequoia targets $1.45b for China VC, growth funds
Sequoia Capital is expected to raise up to $1.45 billion for its latest China venture and growth funds, having penciled in April 7 for a final close.
NZVIF commits $13.5m to Movac's fourth fund
New Zealand Venture Investment Fund (NZVIF) has committed NZ$20 million ($13.5 million) to the fourth fund of domestic early-stage investor Movac Partners.
Fosun Kinzon leads $15m round for China medical app
Fosun Kinzon Capital, a VC arm backed by Fosun Group, has led a RMB100 million ($15 million) Series B round for Easyhin, a Chinese mobile app that provides healthcare services to mothers and children.
China B2B online liquor retailer Yi Jiu Pi raises $30m
Yi Jiu Pi, a Chinese B2B online liquor retailer, has raised an extended Series B round worth RMB200 million ($30 million) co-led by domestic GPs Yuan Sheng Ventures and Eastern Bell Venture Capital.
Deal focus: InstaRem leverages convenience in money transfers
By offering lower fees and faster turnarounds than Western Union and PayPal, InstaRem hopes to steal a march on its rivals and build a truly Asia-focused money transfer platform
SCPE, Goldman invest $28m in Vietnam's M_Service
Standard Chartered Private Equity (SCPE) and Goldman Sachs have invested a combined $28 million in M_Service, the operator behind Vietnamese mobile e-wallet platform MoMo.