Regions
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.
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.
Antler to invest $100m in SE Asia start-ups by 2025
Singapore-based VC firm Antler has committed to investing USD 100m in more than 300 Southeast Asian start-ups by 2025.
Jungle closes fourth SE Asia, India VC fund on $600m
Jungle Ventures has reached a final close of USD 600m on its fourth flagship Southeast Asia and India-focused VC fund. The initial target was USD 350m.
Apis backs Singapore B2B micropayments player DT One
Apis Partners has invested an undisclosed sum in DT One, a Singapore-headquartered B2B digital micropayments platform with a global customer base.
China outbound: Organic options
Tough domestic competition is encouraging Chinese tech start-ups to expand overseas – often organically, earlier in their lifecycles than before, and despite regulatory concerns
India's Multiples invests $88m in BDR Pharma
Multiples Private Equity has led a consortium in the acquisition of a 9.3% stake in India’s BDR Pharmaceuticals for INR 6.8bn (USD 88.5m).
India’s Fashinza gets $100m Series B
Prosus Ventures and WestBridge Capital have led a USD 100m Series B round for India’s Fashinza, a B2B marketplace and supply chain platform for the fashion industry.
Mithril, BlackRock invest $110m in Singapore’s GreyOrange
Mithril Capital, a VC firm launched by PayPal co-founder Peter Thiel, and BlackRock have provided USD 110m in growth funding to Singapore and US-based robotics player GreyOrange.
Vodafone New Zealand buys out PE partner in retail JV
Millennium Corp, a specialist technology, media, and telecom (TMT) investor operating in New Zealand and the Pacific region, has exited its 50% stake in Vodafone New Zealand’s retail stores.
Japan Industrial Solutions supports troubled local drug maker
Japan Industrial Solutions (JIS) has agreed to invest up to JPY 20bn (USD 155m) in Japan-based generic drug manufacturer Nichi-Iko Pharmaceutical with a view to saving the troubled company.
Q&A: Sweef Capital’s Jennifer Buckley
Jennifer Buckley spun out the Southeast Asian gender-lens investment unit of impact private equity firm SEAF last year, forming Sweef Capital. Adding to the complexity, it happened mid-fundraise