Beijing-based autonomous driving solutions provider PhiGent Robotics has raised a USD30m Series A round led by Ince Capital. Previous investors such as Atypical Ventures, 5Y Capital, and GSR Ventures re-upped.
China-based BlueRun Ventures has closed its third US dollar-denominated China fund and third renminbi vehicle with aggregate commitments of CNY 5.5bn (USD 819m).
Temasek Holdings-owned Azalea Investment Management is further expanding retail exposure to private equity through its latest issue of bonds – worth USD 754m in total – backed by LP interests in funds.
Hong Kong’s Betatron Venture Group has reached a first close of USD 15m on its latest fund, which will make early-stage investments across South and Southeast Asia. The target is USD 50m.
SBI Ven Capital (SBIVC), an ex-Japan VC arm of SBI Holdings, is seeking USD 75m for its latest fund in partnership with Korea’s Kyobo Life Insurance and Singapore’s Nanyang Technological University.
Hong Kong-based genomic and diagnostic testing business Prenetics slumped on its NASDAQ debut, unable to withstand struggling public markets public markets and weak investor appetite for businesses that merge with US-listed special purpose acquisition...
Xuelangyun, a China-based industrial data service provider, has raised a Series B of CNY 300m (USD 44m) led by China Structural Reform Fund. Poly Capital and an intellectual property fund under Wuxi Guolian Development also participated.
Singapore-based VC firm Antler has committed to investing USD 100m in more than 300 Southeast Asian start-ups by 2025.
Jungle Ventures has reached a final close of USD 600m on its fourth flagship Southeast Asia VC fund. The initial target was USD 350m.
Apis Partners has invested an undisclosed sum in DT One, a Singapore-headquartered B2B digital micropayments platform with a global customer base.
Tough domestic competition is encouraging Chinese tech start-ups to expand overseas – often organically, earlier in their lifecycles than before, and despite regulatory concerns
Multiples Private Equity has led a consortium in the acquisition of a 9.3% stake in India’s BDR Pharmaceuticals for INR 6.8bn (USD 88.5m).
Prosus Ventures and WestBridge Capital have led a USD 100m Series B round for India’s Fashinza, a B2B marketplace and supply chain platform for the fashion industry.
Mithril Capital, a VC firm launched by PayPal co-founder Peter Thiel, and BlackRock have provided USD 110m in growth funding to Singapore and US-based robotics player GreyOrange.
Millennium Corp, a specialist technology, media, and telecom (TMT) investor operating in New Zealand and the Pacific region, has exited its 50% stake in Vodafone New Zealand’s retail stores.
Japan Industrial Solutions (JIS) has agreed to invest up to JPY 20bn (USD 155m) in Japan-based generic drug manufacturer Nichi-Iko Pharmaceutical with a view to saving the troubled company.
Jennifer Buckley spun out the Southeast Asian gender-lens investment unit of impact private equity firm SEAF last year, forming Sweef Capital. Adding to the complexity, it happened mid-fundraise
Elevation Equity Partners sees Korean consumer electronics brand Lumena as a diamond in the rough, with high margins, quality products, and scope for domestic and international expansion
Having long eschewed industrial business models, consumer-focused Mekong Capital has made an exception in the name of environmental impact with Vietnam agricultural supplier Entobel
Indonesia’s East Ventures reached beyond Asian LPs for the first time with its latest growth fund. It coincides with several other milestones that signal a new level of institutionalisation
CVC Capital Partners has abandoned its proposed acquisition of Australia-based container supplier Brambles, citing market volatility.
Gokwik, an Indian e-commerce enablement platform, has raised USD 35m in a Series B round led by Think Investments and RTP Global.
Eight Roads Ventures has launched its first dedicated healthcare and life-sciences fund for India with a corpus of USD 250m provided entirely by its parent, Fidelity.