Region
Japan advertising AI start-up Flux raises $32m Series B
DNX Ventures has led a JPY 4.4bn (USD 32m) Series B round for Japan’s Flux, which helps businesses manage advertising strategies via a no-code artificial intelligence (AI) platform.
China UAV developer United Aircraft raises $167m
United Aircraft, a Chinese start-up specialising in unmanned aerial vehicles (UAVs), has raised CNY 1.2bn (USD 167m) in Series D funding from several local investors.
KKR shuffles senior roles in Asia
KKR has reorganised its Asia leadership team, with Ming Lu, the firm’s regional head, Hiro Hirano, the co-head of private equity, set to become executive chairman and deputy executive chairman, respectively.
Southeast Asia's Go-Ventures rebrands, raises $240m
Go-Ventures, an early to growth-stage investor established by Southeast Asian super app GoTo, has rebranded as Argor Capital Management and raised USD 240m for its second generation of funds.
China Micro LED developer Jade Bird gets new funding
Jade Bird Display (JBD), a Shanghai-based developer of micro LEDs used in artificial reality (AR) devices, has raised several hundred million renminbi through two tranches of Series A funding.
GIC appoints new Asia private equity head
GIC has named Hwee Loo Tan, a 22-year veteran of the Singapore-based sovereign wealth fund, as head of Asian private equity.
L Catterton extends pet food focus to India
L Catterton’s interest in Asia-based pet food businesses has extended from China to India with a commitment of approximately USD 60m to Drools Pet Food, which claims to be the country’s leading local pet food supplier.
Deal focus: How to go global as a neighbourhood shop
Singapore’s Madly, a tech-enabled but e-commerce-averse jeweller, knows that future family heirlooms must be sold with a personal touch. In East Ventures, it felt a rare simpatico
Deal focus: PCG brings light to industrial use cases
Incubated by property developers and backed by a string of specialist investors, distributed power start-up PCG Power is looking to instal solar panels on the rooftops of China’s factories
China fundraising: Zombie apocalypse?
A pullback by US investors is exacerbating difficult fundraising conditions in China. Most managers are either delaying their return to the market or pulling every lever to secure commitments
Profile: Zayn Venture Capital's Faisal Aftab
Weaving geopolitical analysis into the grassroots trenches of seed-stage investment, Faisal Aftab led the deployment of Pakistan’s first VC fund having never previously invested in the country’s start-ups
Japan's Global Brain, Fukoku Life set up $35m VC fund
Japanese VC firm Global Brain has teamed up with Fukoku Mutual Life Insurance to set up a JPY 5bn (USD 35m) fund.
Marcy, Bessemer back New Zealand-founded Chinese tuition platform
Marcy Venture Partners, an investment firm co-founded by US rap artist Jay-Z, and Bessemer Venture Partners have led a Series B round for Wukong Education, a New Zealand-founded teaching platform specialising in Chinese language training.
BPEA EQT, ChrysCapital buy HDFC's India education finance unit
BPEA EQT and ChrysCapital have agreed to acquire a 90% stake in India-based HDFC’s education finance business at a valuation of INR 103.5bn (USD 1.26bn). It has been described as the largest-ever private equity buyout in the country’s financial services...
Indonesia microfinance player Amartha raises $100m
Indonesia’s Amartha, a small business lender focused on rural women entrepreneurs, has raised USD 100m in debt financing from US impact investor Community Investment Management (CIM).
China semiconductor player Eswin raises $420m
Beijing Eswin Technology Group, a semiconductor products and services supplier, has raised a CNY 3bn (USD 420m) Series D round led by Beijing Financial Street Operation Center.
India's HomeLane raises $9m bridge round
India’s HomeLane, an interior design start-up backed by several venture capital firms, has raised a INR 750m (USD 9.1m) bridge round from unspecified existing backers.
Advantage Partners SPAC agrees recycling merger
A special purpose acquisition company (SPAC) affiliated with Japan’s Advantage Partners has agreed to merge with Jeplan, a local recycling business specialising in plastic waste.
Hildrics Capital backs Malaysian rubber producer
Singapore-based private equity firm Hildrics Capital has acquired an 8.2% stake in Malaysia-listed GIIB Rubber, a supplier of gloves and industrial rubber-based components.
GGV, Soul Capital lead Series B for China's Yunmanman
Yunmanman, a cold-chain logistics start-up incubated by trucking platform Manbang, has raised a Series B round of several hundred million renminbi led by GGV Capital and Soul Capital. Xiang He Capital also took part.
Australia's Blackbird backs virtual football league
Blackbird Ventures has led a AUD 3m (USD 2m) pre-seed round for One Future Football (1FF), a Melbourne-based start-up that has launched an entirely virtual global football league.
Uber leads $20m round for India's Everest Fleet
Uber has led a USD 20m round for India’s Everest Fleet, an existing VC-backed partner in the local taxi management service space that is transitioning into electric vehicles.
ChrysCapital invests $100m in India's Lenskart
ChrysCapital Partners has invested USD 100m in India’s Lenskart, bringing the eyewear retailer’s pre-IPO funding since the start of last year to USD 850m.