Regions
Deal focus: Square Peg supports LottieFiles’ push for scale
LottieFiles has carefully cultivated an investor base that can participate in its bid to capture even more demand from companies keen to plug motion graphics into their apps and websites
China Renaissance raises $446m for renminbi fund
Huaxing Growth Capital, the private equity division of China Renaissance, has achieved a CNY 3bn (USD 446m) first close on its fourth flagship renminbi-denominated fund.
East closes $550m in early-stage and growth funds
Indonesia’s East Ventures has closed two funds with a combined USD 550m in commitments for its early-stage and growth strategies.
China's Sensors Data raises $200m
Chinese marketing technology provider Sensors Data has raised a USD 200m Series D round led by Tiger Global Management and The Carlyle Group.
Singapore’s Fullerton tokenises PE fund-of-funds
Singapore’s Fullerton Fund Management has tokenised its latest private equity fund-of-funds, allowing for a minimum commitment size of USD 10,000.
GP profile: EmergeVest
Building on unorthodox roots and a highly concentrated portfolio, EmergeVest wants to establish itself as a global-minded Asia specialist in technology-enabled supply chains
Deal focus: Sensors Data finds meaning in compromise
Requests for customised rather than standardised products challenged Sensors Data’s notion of what software-as-a-service should be. The company overcame its anxiety and continues the growth journey.
Emerging Asia start-ups: Governance revisited
Even a modest cooling off from tech investment euphoria experienced in the peak of the pandemic could reveal big cracks in Asian start-up markets. Diligence efforts are ramping up, but is it enough?
Mekong invests $25m in Vietnam insect feed company
Vietnam private equity firm Mekong Capital has invested USD 25m Entobel, a company that makes insect-based ingredients for the animal feed, pet food, and fertiliser industries.
Wellington Management hires Asia fundraiser
Wellington Management has recruited Xiaying Zhang, formerly head of Hamilton Lane’s Singapore office, to lead fundraising efforts for its private investment strategies in Asia Pacific.
LeapFrog leads $61m investment in India's Redcliffe Lifetech
LeapFrog Investments has led a USD 61m round for India’s Redcliffe Lifetech, a diagnostics platform focused on non-communicable diseases, including heart disease, cancer, and diabetes.
Korean home interiors start-up gets $182m Series D
OHouse, a consumer-facing platform in South Korea used for sourcing materials and services relating to home furnishing and interior decorating, has raised USD 182m in Series D funding.
Nexus Point acquires Hong Kong freight forwarding business
Nexus Point Capital, which makes middle-market control investments in Greater China, has acquired a majority stake in Hong Kong-headquartered freight forwarding business Honour Lane Shipping (HLS).
Singapore's Resolution hits first close on fintech VC fund
Resolution Ventures, a Singapore-based financial technology investor set up last year, has reached a first close of undisclosed size on its debut Southeast Asia seed fund. The target is USD 20m.
Sequoia, Tiger, Alpha Wave invest $100m in India agtech player
Indian agriculture technology start-up Absolute Foods has confirmed USD 100m in recent funding from Sequoia Capital India, Tiger Global Management, and Alpha Wave Global at a valuation of USD 500m.
Square Peg backs US, Malaysia-based LottieFiles
Square Peg Capital has led a USD 37m Series B round for US and Malaysia-based motion graphics platform LottieFiles.
IDG backs China surgical robot start-up
IDG Capital has joined a Series A round of several hundred million renminbi for China’s Sustao, which is developing a platform for fully automating surgical robots.
Maverick leads $75m round for Hong Kong SaaS player Coherent
Hong Kong-based no-code software-as-a-service (SaaS) provider Coherent has raised a USD 75m Series B round led by Maverick Capital.
Korea space tech start-up gets $8m
Korean microsatellite and space data analysis start-up NaraSpace Technology has raised KRW 10bn (USD 8m) from Korea Development Bank (KDB) and several local VC firms.
China cloud services player Flywheel raises $45m
Chinese cloud-native database services provider Flywheel Technology, also known as Feilun Keji, has raised CNY 300m (USD 45m) in seed funding from Sequoia Capital China and IDG Capital.
India dental start-up Toothsi raises $40m Series C
India’s Toothsi, a direct-to-consumer start-up that makes own-branded transparent dental aligners and braces, has raised a USD 40m Series C round featuring Eight Roads Ventures.
GD1 launches New Zealand's first crypto VC fund
New Zealand’s GD1 has launched what it calls the first dedicated crypto and Web3 VC fund in its home market less than a week after a similar claim by PAC Capital in Australia.
