Region
Singapore fund tokenisation player ADDX raises $58m
ADDX, a Singaporean digital securities exchange that helps PE firms and other fund managers tokenise funds, has raised USD 58m in pre-Series B funding featuring the Stock Exchange of Thailand.
Australian crop monitoring start-up gets $38m Series B
Regrow, an Australian-based sustainable agriculture start-up, has raised USD 38m in Series B funding led by Galvanize Climate Solutions, Rethink Impact, and Salesforce.com CEO Marc Benioff’s Time Ventures.
Fund focus: XVC stresses its idiosyncrasies
The China VC firm cuts against the grain, eschewing investment committee meetings and embracing consumer deals while others shun them. It works from a fundraising perspective
Fund focus: BlueRun defies China fundraising woes
Having secured USD 819m, across US dollar and renminbi vehicles, the early-stage investor wants to prove that China can deliver globally competitive technology
Deal focus: India's Fashinza in vogue with VC
The appeal of the boutique brand ensures that fashion will always be a fragmented space. As e-commerce splinters the industry even further, India’s Fashinza aims to tie it all together
Deal focus: ICG finds alignment with doctor-shareholders
Intermediate Capital Group believes its flexible approach to deal structuring – and a willingness to share upside – helped win over doctors who are employees and part-owners of Canopy Healthcare
Portfolio: Investcorp and Viz Branz
War, climate change, and COVID-19 are twisting the outlook for Investcorp-owned instant food supplier Viz Branz. But an implacable China growth story has underpinned an aggressive expansion agenda
Australia take-privates: Going large
A combination of abundant dry powder and friendly financing conditions are encouraging global GPs to pursue ever-larger listed companies in Australia. For now, macro headwinds are no deterrent
Singapore metaverse platform Bud raises $36.8m
Singapore-based metaverse user generated content (UGC) platform Bud has raised a Series B round of USD 36.8m led by Sequoia Capital India.
China rocket developer Orienspace raises $60m
Chinese rocket developer Orienspace has raised a CNY400m (USD 60m) Series A round led by HikeCapital.
MDI leads $27m round for Singapore's SwipeRx
Indonesia’s MDI Ventures has led a USD 27m Series B round for Singapore-based mClinica, now rebranded as SwipeRx, an app that connects 45,000 pharmacies across Southeast Asia.
Japan biotech start-up raises $31m Series C
Japanese cancer drug developer Chordia Therapeutics has raised JPY 4bn (USD 31.3m) in Series C funding led by Growth Capital of Japan (GCJ) and UTokyo Innovation Platform.
Mitsui, Nomura acquire real assets manager New Forests
Japan’s Mitsui & Co. and Nomura Holdings have agreed to acquire 100% of New Forests, an Australia-headquartered sustainable real assets investment manager focused on forestry, land management, and conservation.
Thai food supply chain player secures $23.5m Series B
Openspace Ventures has participated in a USD 23.5m Series B funding round for Freshket, a Thailand-based farm-to-table agricultural supply chain start-up.
Philippines fintech player Coins raises $30m
Coins, a Philippines-based financial technology provider focused on blockchain-enabled payment services, has received a USD 30m investment led by Ribbit Captial.
Coatue, Insight lead Series D for Indonesia's Xendit
Coatue Management and Insight Partners have led a USD 300m Series D round for Indonesian payments infrastructure platform Xendit.
Singapore's Azalea targets $754m PE-backed bond offering
Temasek Holdings-owned Azalea Investment Management is further expanding retail exposure to private equity through its latest issue of bonds – worth USD 754m in total – backed by LP interests in funds.
Ince leads $30m round for China's PhiGent Robotics
Beijing-based autonomous driving solutions provider PhiGent Robotics has raised a USD30m Series A round led by Ince Capital. Previous investors such as Atypical Ventures, 5Y Capital, and GSR Ventures re-upped.
China's BlueRun $819m across US dollar, renminbi funds
China-based BlueRun Ventures has closed its third US dollar-denominated China fund and third renminbi vehicle with aggregate commitments of CNY 5.5bn (USD 819m).
Singapore's Azalea targets $754m PE-backed bond offering
Temasek Holdings-owned Azalea Investment Management is further expanding retail exposure to private equity through its latest issue of bonds – worth USD 754m in total – backed by LP interests in funds.
Hong Kong's Betatron hits $15m first close on VC fund
Hong Kong’s Betatron Venture Group has reached a first close of USD 15m on its latest fund, which will make early-stage investments across South and Southeast Asia. The target is USD 50m.
SBI, Kyobo Life seek $75m for Asia VC fund
SBI Ven Capital (SBIVC), an ex-Japan VC arm of SBI Holdings, is seeking USD 75m for its latest fund in partnership with Korea’s Kyobo Life Insurance and Singapore’s Nanyang Technological University.
SPAC target Prenetics sinks on US debut
Hong Kong-based genomic and diagnostic testing business Prenetics slumped on its NASDAQ debut, unable to withstand struggling public markets public markets and weak investor appetite for businesses that merge with US-listed special purpose acquisition...
China industrial internet platform Xuelangyun raises $44m
Xuelangyun, a China-based industrial data service provider, has raised a Series B of CNY 300m (USD 44m) led by China Structural Reform Fund. Poly Capital and an intellectual property fund under Wuxi Guolian Development also participated.