Regions
CDH raises $1.1b for China's largest mezzanine fund
CDH Investments has closed its fifth China mezzanine fund at RMB8 billion ($1.1 billion). It is the largest vehicle of its kind ever raised solely for deployment in the country.
Profile: 500 Startups' Khailee Ng
Khailee Ng’s transition from start-up founder to VC investor has made him happier and healthier. He plans to continue pushing 500 Startups into uncharted territory within Southeast Asia
Hong Kong online banking start-up Neat raises $11m
Neat, a Hong Kong-based financial services start-up targeting digital entrepreneurs, has raised an $11 million Series A round with support from Visa.
Matrix leads Series A for Indian quiz app
Zupee, a live quiz-based gaming app in India, has raised $8 million in a Series A round led by Matrix Partners India.
Macquarie buys Asia data center player Airtrunk
Macquarie Infrastructure & Real Assets (MIRA) is leading a consortium to acquire an 88% stake in Asia-focused data center player AirTrunk at a valuation of A$3 billion ($1.9 billion).
Qiming defies coronavirus to close seventh China fund at $1.1b
Qiming Venture Partners has closed its seventh US dollar-denominated China fund at $1.1 billion following an approximately two-month process that involved a last-minute relocation of on-site due diligence from Shanghai to San Francisco.
TDM leads $35m round for Australia’s SafetyCulture
Australia’s TDM Growth Partners has led a A$60 million ($35 million) Series C round for SafetyCulture, a locally-based software provider for safety compliance inspectors.
Singapore's Quest Ventures achieves first close for new fund
Quest Ventures, a Singapore-headquartered venture capital firm, has achieved the first close for a new fund. The target for the vehicle is $50 million.
Sequoia leads $12m round for Indian agriculture marketplace
DeHaat, a marketplace and retailer for Indian farmers, has raised $12 million in a Series A round led by Sequoia Capital India.
China office decorating start-up gets Eight Roads backing
InDeco, a Chinese startup that offers one-stop commercial workspace decoration solutions, has raised $20 million in a Series C round led by Eight Roads Ventures.
Roc Partners hits $120m third close on fourth Asia fund
Australia-based private equity firm Roc Partners has reached a third close of $120.1 million for its fourth Asia Pacific fund-of-funds.
Southeast Asia VC: Different strokes
Ahead of an expected increase in LP interest, Southeast Asian VCs vie to stand out from the crowd by fine-tuning strategies to capture the virtues of both generalists and specialists
Deal focus: TVS SCS targets supply chain upgrade
Gateway Partners is backing India's TVS Supply Chain Solutions to become more than just a traditional domestic logistics player
Indonesia's Agaeti, Convergence merge to form AC Ventures
Indonesian venture capital investors Agaeti Ventures and Convergence Ventures have announced a merger to form a new firm, AC Ventures.
Hostplus backs $19m Series B for Australia's Myriota
Hostplus, an Australian superannuation fund known for its VC activity, has backed a $19.3 million Series B round for local space technology start-up Myriota.
CICC, GL Ventures join $66m round for Suzhou Ribo Life Science
Chinese drug developer Suzhou Ribo Life Science has raised RMB470 million ($66 million) in an extended Series C round led by China State-owned Capital Venture Capital Fund, CICC Capital and GL Ventures, the VC arm of Hillhouse Capital.
Chinese AI player Intellifusion raises $141m
Forebright Capital, Walden International and state-owned Utrust Fund have led a RMB1 billion ($141 million) pre-IPO round for Chinese artificial intelligence (AI) technology developer Intellifusion.
Korean investors contribute $43m to India's Swiggy
Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets joined a $43 million funding round for Indian food and grocery delivery platform Swiggy.
HighLight-backed Zentalis raises $165m in US IPO
Zentalis Pharmaceuticals, a US-based cancer drug developer, raised $165.2 million in its NASDAQ IPO, facilitating a liquidity event for Chinese healthcare investment specialist HighLight Capital.
KKR joins $120m investment in Philippines’ Voyager
KKR is re-upping in Philippines-based financial technology company Voyager Innovations as part of a $120 million growth round.
Korean GP invests $16m in electronics industry supplier
Moat Private Equity, a Korea GP set up last year, has taken an approximately 14% stake in KOSDAQ-listed electronics industry supplier Exax for KRW19.8 billion ($16 million).
Indian TPG-backed cosmetics player Nykaa gets $13m
Nykaa, an online retailer of cosmetic and fashion products in India, has raised INR1 billion ($13 million) in a funding round led by Steadview Capital.
Cross-border tech pollination: Mutually assured disruption
Southeast Asia and Latin America are trying to leverage complementary aspects of their start-up ecosystems, much like China and Africa before them. These endeavors are not as straightforward as they might seem
HarbourVest hires Japan Post Insurance's alternatives head
Tadasu Matsuo, head of alternative investments at Japan Post Insurance (JPI), has joined HarbourVest Partners as a managing director where he will co-lead Japan coverage alongside Tatsuya Kubo.