Region
Thai bank joins $41m round for local crypto platform
Thailand’s Bank of Ayudhya has joined a $41 million Series B round for local cryptocurrency exchange operator Zipmex.
Australia insurance start-up raises $31m Series B
New Zealand venture capital firm Movac has led a $31 million Series B round for Australian insurance technology provider Open.
Hong Kong's OrbusNeich raises $200m
Hong Kong-based medical devices maker OrbusNeich Medical Group has raised about $200 million across two rounds featuring Shenzhen Capital Group and its Red Earth Healthcare Investment Fund.
Deal focus: Ekuaibao's PaaS plus SaaS proposition
China-based reimbursement platform Ekuaibao has ambitions to lead the digital transformation of corporate finance. Early investor Future Capital continues to re-up as the story unfolds
Deal focus: Singapore's Doctor Anywhere raises $65m Series C
Doctor Anywhere’s omnichannel approach to digitizing Southeast Asian healthcare is luring investors with eyes on the pandemic’s most logical trend. Preserving a first-mover advantage is the challenge
Deal focus: EmergeVest turns to Lucy for financial inclusion
EmergeVest has made a seed investment in Lucy, a Singapore-based neobank that focuses on home-based micro-entrepreneurs and Southeast Asia’s legions of foreign domestic workers
GP profile: China Renaissance
China Renaissance’s technology-focused investment business has grown from nothing to $9.5 billion in seven years. The firm wants to remain a boutique operator rather than embrace all stages and strategies
China's Geely raises $500m for Zeekr EV unit
Zeekr, the electric vehicle (EV) business of Chinese carmaker Geely, has raised $500 million in a pre-Series A round from Intel Capital, Boyu Capital, battery manufacturer CATL, Cathay Fortune Corporation, and online entertainment platform Bilibili.
Tata VC fund to exit India thermal energy business
Tata Capital Innovations Fund is set to exit Indian industrial materials developer Pluss Advanced Technologies to a local conglomerate in a deal worth INR1.1 billion ($15.7 million).
Japan's Shiseido sells US makeup brands to Advent
Japan’s Shiseido has extended a program of non-core divestments with the sale of three of its US makeup brands to Advent International for $700 million.
China AI player SenseTime files for Hong Kong IPO
SenseTime, a Chinese artificial intelligence (AI) technology developer that has received more than $5.2 billion in private funding in the past seven years, has filed for a Hong Kong IPO.
Australia's Quadrant raises $390m for second growth fund
Quadrant Private Equity has closed its second Australia and New Zealand-focused growth capital fund with A$530 million ($390 million) in commitments.
VCs commit $55m to China CRM player Xiaoke
Xiaoke, a China-based provider of customer relationship management (CRM) software, has raised $55 million in a Series A funding round from Hong Kong-listed Weimob, Sequoia Capital China, Welight Capital, and Creo Capital.
LAV leads $50m Series B for China's Lynk Pharma
Lilly Asia Ventures (LAV) has led a $50 million Series B round for Lynk Pharmaceuticals, a China-based drug developer that focuses on small-molecule treatments for autoimmune disease, inflammation, and cancer.
Affirma backs India's Belstar Microfinance
Affirma Capital has contributed INR3 billion ($40.8 million) to a INR3.5 billion funding round for India’s Belstar Microfinance, supported by existing investors Muthoot Finance and Maj Invest.
China GPU chip designer Metax raises $155m
Shanghai-based Metax Integrated Circuits has raised RMB1 billion ($155 million) in a Series A funding round led by China Structural Reform Fund and China Internet Investment Fund. Existing investors including Matrix Partners China, CTC Capital, Sequoia...
China's DayDayCook agrees $300m SPAC merger
DayDayCook, a China-focused direct-to-consumer brand that started as a cooking-themed video platform, has agreed to merge with a US-listed special purpose acquisition company (SPAC) at an enterprise valuation of $300 million.
China EV battery maker raises $1.5b
Svolt Energy Technology, formerly the battery manufacturing unit of Chinese automaker Great Wall Motor, has raised RMB10.28 billion ($1.5 billion) in a Series B funding round led by Bank of China Investment.
Xiaomi to buy VC-backed autonomous driving start-up
Chinese smart phone maker Xiaomi has agreed to buy local autonomous driving technology developer Deepmotion, facilitating liquidity events for Source Code Capital and Redpoint China Ventures.
India's Delhivery buys PE-owned Spoton Logistics
Indian e-commerce logistics Delhivery has acquired Spoton Logistics, a private equity-owned express logistics and supply chain business, with a view to strengthening its B2B capabilities.
India's Prime Venture reaches $75m first close on Fund IV
Prime Venture Partners has reached a first close of $75 million on its fourth India-focused VC fund. The overall target is $100 million.
China cancer treatment specialist Ionova raises $100m
Tsing Song Capital, a Chinese healthcare-focused private equity firm, has led a $100 million round for Ionova Life Science, a local biotech player specializing in cancer treatments.
Tribe, Moore Strategic lead Series C for India's Khatabook
Tribe Capital and Moore Strategic Ventures have led a $100 million Series C round for Khatabook – an India-based bookkeeping app aimed at small merchants – at a valuation of $600 million.
Advent sells Chinese mattress maker to Hillhouse
Advent International has sold its controlling stake in AI Dream – operator of the Serta and King Koil mattress brands in China – to Hillhouse Capital.