Singapore-based crypto platform KuCoin has raised USD 150m in pre-Series B funding from an investor group featuring IDG Capital and Matrix Partners, claiming a valuation of USD 10bn.
Grindr, a LGBTQ+ dating app acquired by an investor group after its Chinese owner violated foreign investment regulations, has agreed to merge with a special purpose acquisition company (SPAC) sponsored by Singapore-based Tiga Investments.
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
Square Peg Capital has led a USD 37m Series B round for US and Malaysia-based motion graphics platform LottieFiles.
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.
Vulcan Capital, an investment vehicle established by Microsoft co-founder Paul Allen, has led a USD 65m Series B round for Singapore-based social music platform BandLab.
Dream Capital, the corporate venture capital arm of India fantasy sports platform operator Dream Sports, has led a USD 120m Series A for Rario, a specialist in cricket-themed non-fungible tokens (NFTs).
Bain Capital has launched a tender offer for Japan-based television and direct marketing business Tri-Stage that values the company at approximately JPY 17.2bn (USD 137.3m).
East Ventures has led a USD 22m round for Singapore’s Parentinc, which claims that its flagship brand, theAsianparent, is Southeast Asia’s largest parenting platform.
Krust Universe, a start-up incubation and investment unit of Korean internet giant Kakao, has led a USD 34m round for local Web3 gaming platform Iskra.
Canada Pension Plan Investment Board (CPPIB) has led a USD 805m Series J round for India’s Verse Innovation, parent of media apps Dailyhunt and Josh. It is said to value the company at USD 5bn.
Malabar Investment has led a USD 75m funding round for Games 24x7, an India-based mobile games operator, at a valuation of USD 2.5bn.
The Riverside Company has invested an undisclosed sum in EventsAIR, an Australian events management software provider for in-person, virtual, and hybrid events.
Index Ventures and Coatue Management have led a USD 110m round for Linktree, an Australian social media platform that drives audience engagement, at a valuation of USD 1.3bn.
Amagi, an India-based broadcasting industry technology provider that claims an audience of more than 2bn people, has raised a USD 95m round led by Accel Partners at a valuation of at least USD 1bn.
Indian game streaming and e-sports start-up Loco has raised INR 3.3bn (USD 43.3m) in Series A funding led by Korean blockchain specialist Hashed Ventures.
Investment in work-tech has soared as start-ups devise solutions for workforces that are increasingly distributed in terms of location, structure, and practice. Data, and knowing what to do with it, is key
VA Corporation, a Korean virtual content provider that is positioning itself as a metaverse platform, has achieved a valuation of KRW 1trn (USD 807m) on closing a KRW 100bn Series A round.
Indian education platform Byju’s has raised USD 800m at an estimated valuation of USD 22bn, with the company’s founder Byju Raveendran providing USD 400m.
CLSA Capital Partners (CLSA CP) has launched a China growth fund focused on healthcare, smart manufacturing, renewable energy, tech-enabled media. The target is USD 500m.
Silver Lake has won approval for a NZD 200m (USD 134m) investment in the commercial arm of New Zealand rugby, reflecting a recent upswing in global private equity involvement in sport in Asia.
SoftBank Vision Fund 2 has led a USD 70m round for New Zealand-based Soul Machines, which specialises in creating lifelike digital employees for customer engagement.
Investors navigate slim margins and a complex cultural landscape as new digital channels help Indian media rebound from COVID-19. Sector leaders are flirting with global expansion, but is it too early?
Airmeet, a US-headquartered and Asia-focused virtual events platform with extensive operations in India, has raised USD 35m in Series B funding featuring Sequoia Capital India.