Region
China autonomous road sweeping start-up raises $30m
Chinese autonomous road sweeping start-up Autowise.ai has raised an extended Series B round of CNY 200m (USD 30m) featuring a VC unit of Shanghai-listed new energy company Shanshan Group.
Tiger Global leads Series A extension for Singapore's Intellect
Tiger Global Management has led a USD 10m Series A extension for Singapore-based mental health start-up Intellect, demonstrating its willingness to reach more deeply into early-stage deals in Asia.
Navis backs Singapore expansion for family office software provider
Navis Capital Partners has led a USD 38m Series C round for Eton Solutions, a US software provider for family offices currently establishing a Singapore office.
Lightspeed raises $500m for India, Southeast Asia
Lightspeed India Partners, which also targets Southeast Asia, has closed its fourth early-stage VC fund with USD 500m in commitments.
Temasek sees portfolio hit new high, warns of global weakness
Temasek Holdings continued its rapid pace of investment over the past year as the portfolio reached a new record high valuation, but the Singapore investor warned of potential difficulties ahead, noting that the global economy is in a “fragile state.”...
Deal focus: Dayone champions lithium-ion alternative
In throwing its support behind Enpower Greentech, Dayone Capital hopes the Chinese company can turn solid-state batteries into a commercially viable reality for electric vehicles
Deal focus: GPs go big on China biosynthesis
Advances in synthetic biology and China’s carbon-neutral ambitions have prompted investors to re-examine bio-manufacturing plays. Mojia Biotech is among the beneficiaries
Fund focus: Qiming picks its moment
China’s Qiming Venture Partners more than doubled its fund size from the previous vintage, having launched the vehicle prior to the recent chaos and leveraged LP demand for the familiar
Southeast Asia tech: Resilient with an asterisk
Southeast Asia’s booming tech space no longer lends itself to an easy narrative. As start-up fever cools globally, the region charges forward. Cracks are beginning to show but so are counterintuitive bright spots
India's Axilor targets $100m for second seed fund
Indian seed investor Axilor Ventures has launched its second fund with a target of USD 100m. This compares to USD 30m for its first fund.
Indonesia B2B agriculture marketplace gets $35m Series A
AgriAku, an Indonesia-based B2B marketplace that looks to improve agriculture supply chain efficiency for retailers of agricultural inputs, has raised USD 35m in Series A funding led by Alpha JWC Ventures.
Prosus leads $25m Series B for India's Vegrow
Prosus Ventures, a technology investment business controlled by Naspers, has led a USD 25m Series B round for Vegrow, an India-based marketplace that helps farmers sell their fruit crops into organised distribution channels.
Brett Sutton to leave role as CVC's Australia chair
Brett Sutton, a former partner at Affinity Equity Partners who was recruited by CVC Capital Partners last August to oversee the reestablishment of its Australia presence, will leave the firm at the end of the year.
China medical big data player Aden secures $30m
Aden Technology, a China-based medical big data company specialising in insurance, has raised an extended Series B round of CNY 200m (USD 30m) led by Haier Capital with participation from Xingtuo Capital.
Qiming raises $3.2b across dollar, renminbi funds
China-focused VC firm Qiming Venture Partners has closed its eighth US dollar-denominated fund at the hard cap of USD 2.5bn – more than twice the size of the previous vintage – and raised CNY 4.7bn (USD 701m) for its latest renminbi vehicle.
Singapore blockchain gaming start-up gets $20m
Singapore’s Oasys, a blockchain technology developer focused on web3 gaming, has raised USD 20m from several specialist crypto investors.
Japan's Sumitomo Mitsui commits $1.5bn to Apollo
Japan’s Sumitomo Mitsui Trust Holdings has signed up to an alternatives co-investment program run by Apollo Global Management, taking the total capital raised from Asia-based LPs to more than USD 5bn.
Korean GP backs $1.5b buyout of US-listed Meridian Bioscience
SJL Partners, a Korea-based private equity firm that specialises in cross-border transactions, has teamed up with domestic in vitro diagnostics business SD Biosensor to acquire US-listed peer Meridian Bioscience for USD 1.53bn.
India fintech player Cred closes $140m Series F
Cred, an India-based credit card rewards provider, has closed a USD 140m Series F round that includes a secondary component intended to facilitate exits for existing investors.
Korea's Kakao considers partial divestment of mobility spin-out
South Korean internet giant Kakao has indicated it may sell around 10% of Kakao Mobility, its transportation division, which has several private equity backers.
Quadrant exits Australia underwear brand to Swedish strategic
Quadrant Private Equity has exited Australian hygiene apparel brand Modibodi to Swedish strategic Essity for AUD 140m (USD 96m).
Accel-KKR targets Australia-listed SaaS player Damstra
Damstra Technology, a listed Australian software-as-a-service (SaaS) provider specialising in worker safety and risk management, has received an unsolicited buyout proposal from Accel-KKR.
Navis exits Hong Kong's Texon to global strategic
Navis Capital Partners has exited its entire controlling position in Hong Kong footwear components supplier Texon to UK-listed Coats Group for an enterprise value of USD 237m.
Government funds support China's Dark Matter AI
Dmai, a Chinese cognitive artificial intelligence (AI) platform also known as Dark Matter AI, has raised RMB 500m (USD 75m) in the first tranche of a Series B round from five state-backed investors.