Sectors
Chinese 3D map provider raises $14m
Airlook, a Chinese three-dimensional map provider, has raised nearly RMB100 million ($14 million) in an extended Series B round led by GF Qianhe, the alternative investment arm of Hong Kong-listed GF Securities.
BlackRock backs Australia hotel booking platform SiteMinder
BlackRock has made an equity investment in Australia-based hotel booking platform SiteMinder that values the company at about A$1.1 billion ($760 million).
Deal focus: Baibu broadens its fabric scope
VC-backed Chinese B2B fabrics trading platform Baibu is making the transition from online marketplace to cloud-based consolidator of the country's fragmented factories
FountainVest backs China online ticketing player Maoyan
FountainVest Partners has acquired a significant minority stake in Maoyan Entertainment, a Chinese online ticketing business that completed an IPO in Hong Kong last February.
Hony commits capital to its Hong Kong-listed restaurant platform
Hony Capital has injected HK$780 million ($100 million) into Best Food Holdings, the Hong Kong-listed platform it established in 2016 to make investments in China’s food and beverage industry.
Q&A: AI Fund's Andrew Ng
After establishing artificial intelligence units for Google and Baidu, Andrew Ng famously declared AI “the new electricity” and launched AI Fund, an incubator with a $175 million war chest
Accel-KKR invests Australia workforce software player
Accel-KKR, a US-based private equity firm created by Accel Partners and KKR, has invested A$28 million ($19.3 million) in Australian workforce management software provider Pegasus.
Indonesia's Waresix lifts Series A to $25.5m
Indonesia trucking and warehousing platform operator Waresix has closed an extended Series A round at $25.5 million following new contributions from EV Growth and Jungle Ventures.
EMR-backed consortium acquires Australian gold mine
A consortium backed by mining-focused GP EMR Capital and Singapore’s Golden Energy & Resources has agreed to acquire an Australian gold mine in a deal worth up to A$300 million ($207 million).
Ankur achieves first close on second India VC fund
Ankur Capital, an Indian early-stage investor focused on healthcare and agriculture technology investments, has reached a first close of INR2.4 billion ($33 million) on its second fund.
KKR pumps $150m into its India credit business
KKR has committed an additional $150 million in funding to its India-based non-banking financial company (NBFC), citing strong growth prospects for credit investment in the country.
Fajr Capital exits Brunei bank
Fajr Capital, a Dubai-based private equity firm that makes investments in the Middle East and Southeast Asia, has exited its position in Bank Islam Brunei Darussalam (BIBD).
Goldman Sachs, SK back Korea cold chain play
Goldman Sachs and SK Group have committed a combined KRW50 billion ($43 million) to a Korean expansion by cold chain logistics operator Belstar Superfreeze.
Tiger Global commits $300m to India's Byju's
Tiger Global Management has led a $300 million funding round for India-based online learning platform Byju’s, joining an investor roster that already includes Tencent Holdings, General Atlantic, Naspers Ventures, Sequoia Capital India, and the Chan Zuckerberg...
India's Zomato taps Ant Financial again for $150m
Ant Financial has invested $150 million in Indian restaurant discovery and food delivery platform Zomato, pushing the company's valuation to $3 billion.
Fund focus: Unicorn prepares for turbulence in China's VC space
China-focused venture capital fund-of-funds Unicorn Capital Partners, which has raised $350 million for its latest vehicle, expects consolidation in the tech investment space as underperforming GPs flounder
Chinese cross-border e-commerce platform raises $48m
Inagora - operator of an e-commerce platform that sells Japanese premium products to Chinese customers - has raised JPY5.3 billion ($48m) from SBI holdings, pharmacy chain Sugi Holdings and Xinjin Holding, the cross-border alternative investment arm of...
French GP exits Singapore's JustCo with 8x return
France-based GP Tikehau Capital has exited its stake in Singapore workspace provider JustCo, achieving a net profit of S$27.7 million ($20.5 million) and an 8x return multiple.
BP enters China AI sector
BP has realized its first investment in China’s artificial intelligence (AI) sector by backing energy systems developer R&B Technology through a venture capital arm.
Zhiyun raises $144m for chronic disease management platform
Zhiyun Health, a Chinese online healthcare services provider, has raised more than RMB1 billion ($144 million) across two rounds. It describes the investment as the largest private funding event globally in the chronic disease management space.
China's Transcenta secures $100m funding round
Transcenta Holding, a Chinese biotech company formed last year through the merger of MabSpace Bioscience and Hangzhou Just Biotherapeutics (HJB), has raised $100 million in an extended Series B funding round.
Jeneration leads round for China data security provider
DataCloak, a Shenzhen-based data security start-up that employs the zero-trust approach, has raised $13 million in Series A funding led by Jeneration Capital.
New Zealand's Soul Machines raises $40m Series B
Soul Machines, a New Zealand-based company specializing in emotionally responsive artificial intelligence (AI), has raised a $40 million Series B round led by Temasek Holdings.
Openspace makes first Thailand investment
Southeast Asia-focused Openspace Ventures has made its first investment in Thailand, co-leading a $10 million Series B round for financial technology player Finnomena alongside China’s Gobi Ventures.