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.
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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.
NPX Capital is creating a US-based media platform to tap rising global appetite for Korean entertainment. Early acquisitions emphasise artificial intelligence, virtual reality, and the metaverse
Global Brain has joined a JPY 770m (USD 7m) pre-Series B round for Japan’s Run.Edge, a sports video search and analytics platform.
Lightrock India has led a USD 55m Series B round for Scaler Academy, an Indian education technology start-up that operates an upskilling platform focused on IT professionals.
The private equity arm of US and Korea-based NPX Capital has invested USD 43m in Korean digital cartoon studio Copin Communications.
US-based Liberty City Ventures has led a USD 359m round for Hong Kong blockchain media company Animoca Brands at a pre-money valuation of USD 5bn, more than double its valuation in October.
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Japan’s ACA Group has acquired a Belgium-based KMSK Deinze as part of a multi-club investment strategy that will – in part – bring Asian players into the middle tiers of European football
Finder, an Australian financial technology start-up with a diversified suite of retail investor services, has raised A$30 million ($21.5 million) from local VC firm Future Now Capital.
Indian agriculture industry platform provider AgroStar has raised a $70 million Series D round led by Evolvence Capital, Schroders Capital, Hero Enterprise, and CDC Group.
Indian education technology start-up CollegeDekho has closed a Series B round of $35 million with support from a mix of global investors including Australia’s QIC and Abu Dhabi’s ADQ.
SoftBank Vision Fund 2 is the largest participant in a KRW223.6 billion ($187 million) investment in Naver Z, the metaverse platform unit of Korean internet giant Naver Corporation.
RedBird Capital Partners, a US investment firm that has extensive sport exposure and several months ago picked up a stake in an Indian Premier League (IPL) franchise, has co-led a $840 million round for local fantasy sports platform Dream Sports.
Cloud Village, a music streaming business controlled by Chinese internet giant NetEase and backed by several private equity investors, has raised HK$3.5 billion ($449 million) through a Hong Kong IPO.
Good Glamm Group, operator of Indian direct-to-consumer beauty marketplace MyGlamm, has raised a $150 million Series D round led by Warburg Pincus and Prosus Ventures.
Google has made a strategic investment of undisclosed size in Korean education technology provider Mathpresso, bringing total funding to around $105 million.
Chinese social e-commerce app Xiaohongshu, also known as Red, has raised a $500 million round led by Temasek Holdings and Tencent Holdings at a valuation of $20 billion, up from $3 billion in 2018.