Region
Alpha Wave backs India e-sports platform FanClash
Alpha Wave Global has led a USD 40m Series B round for Indian e-sports platform FanClash with support from Sequoia Capital India, Info Edge Ventures, and web3 platform Polygon Technology.
Legend axes consumer from latest China TMT fund
Legend Capital has excluded the consumer-facing segment from its latest China technology, media, and telecom (TMT) fund, reflecting a broader sense of uncertainty among local managers regarding the regulatory environment.
India's ShareChat closes $520m round, hits $5b valuation
Indian social media platform ShareChat has raised USD 255m from Google, Times Group, and Temasek Holdings, capping a USD 520m Series G round at a valuation of USD 5bn.
Japan's WiL raises USD 1bn
US-Japan cross-border investor World Innovation Lab (WiL) has raised USD 1bn across its third flagship fund and several other vehicles.
Clifford Chance poaches Asia funds partner from Kirkland
Clifford Chance has bolstered its Asia private funds offering with the recruitment of Liyong Xing, formerly a partner at Kirkland & Ellis.
India payments player Innoviti expands Series D to $22m
India-based financial technology start-up Innoviti Payment Solutions has doubled the size of its ongoing Series D round to more than INR 1.6bn (USD 22.5m). The overall target is USD 3bn.
China life sciences research business gets $300m Series C
MegaRobo Technologies, a China-based provider of artificial intelligence (AI) and robotics-enabled research services to the life sciences industry, has raised USD 300m in Series C funding.
India's 8i Ventures seeks $50m for Fund II
8i Ventures, an India-based early-stage venture capital firm that recently made a partial exit from software supplier M2P Fintech with a 36x return, is targeting USD 50m for its second fund.
Vulcan leads $10.5m Series A for Singapore's Amili
Vulcan Capital, an investment vehicle established by Microsoft co-founder Paul Allen, has led a USD 10.5m Series A round for Singapore-based microbe analytics start-up Amili.
Pakistan B2B marketplace Dastgyr secures $37m Series A
Dastgyr, a Pakistan-based B2B e-commerce marketplace, has raised USD 37m in Series A funding led by Veon, an Amsterdam-listed telecom provider that owns Pakistan’s largest mobile network.
Japan's Aspirant buys beauty brand John Masters Organics
Japanese middle-market private equity firm Aspirant Group has agreed to acquire John Masters Organics (JMO), a personal care brand with a sizeable presence in East Asia, for an undisclosed sum.
Tencent, Block join Series B for Indonesia's Flip
Indonesian consumer payments platform Flip has upsized its Series B round to more than USD 100m with the addition of Tencent Holdings and Block – formerly Square – to the investor roster and re-up from Insight Partners.
Sequoia raises $2.85b for India, Southeast Asia
Sequoia Capital has raised USD 2.85bn for its latest set of India and Southeast Asia-focused funds, which includes the firm’s first-ever dedicated Southeast Asia vehicle.
India's 8i Ventures gets 36x return on M2P Fintech
Indian early-stage investor 8i Ventures has made a partial exit of its seed shares in local banking software supplier M2P Fintech, generating a 36x multiple and an IRR of 415% after two years.
Australia's Potentia closes Fund II on $438m
Australian technology-focused private equity firm Potentia Capital has achieved a first and final close of AUD 635m (USD 438m) on its second fund, hitting the hard cap and beating a target of AUD 500m.
Capital Today leads $100m round for China's Hai Robotics
Hai Robotics, a China-based warehouse robot company, has raised an extended Series D round of USD100m led by Capital Today China Group.
Deal focus: Hahn finds rich pickings in SK Group
Hahn & Company’s USD 1.3bn acquisition of an industrial materials unit from SKC is its fifth deal involving SK Group in four years. Being a good custodian is regarded as key to securing repeat business
Crypto: Something for everyone?
Traditional VCs are becoming more active in Asia’s blockchain and web3 space, despite structural and philosophical obstacles to participation. Can they withstand the crypto winter?
Deal focus: Singapore biotech start-up generates US buzz
Singapore’s Tessa Therapeutics has developed a cancer drug that appears to be twice as effective as other treatments in its class. It has raised USD 126m with eyes on a near-term US IPO
Deal focus: VCs back steppingstones to immortality
Japan’s Alt is quicky commercialising a suite of learning voice recognition products as part of a plan to capture individuals’ personalities and values in a process it calls digital cloning
Monad targets up to $150m for second China software fund
Monad Ventures, a China-based VC firm specialising in early-stage enterprise software investments, is looking to raise up to USD 150m for its second US dollar-denominated fund.
China edge cloud computing provider raises $38m
Shanghai-based distributed cloud computing company PPIO has raised nearly CNY 250m (USD 37.6m) in Series A funding led by Panlin Capital, China Creation Ventures, Shanghai Zhangjiang Technology Venture Investment, and IMO Ventures.
Circle buys VC-backed Taiwan crypto infrastructure platform
Cybavo, a Taiwan-based crypto technology player that provides platforms for digital asset custody and blockchain application development, has agreed to be acquired by US digital currency specialist Circle for an undisclosed sum.