Sectors
Fund focus: Iron Pillar takes India SaaS to the world
Iron Pillar has secured USD 129m for what it claims is the first India venture-growth fund dedicated to supporting local companies with global software and cloud infrastructure solutions
China chip packaging player SJ Semiconductor raises $340m
Legend Capital, CITIC Securities-controlled Goldstone Investment, and Ince Capital have participated in an extended Series C round of USD 340m for SJ Semiconductor, a China-based chip packaging business.
Australia's QIC acquires 50% stake in smart meter business
Queensland Investment Corporation (QIC), an Australian sovereign wealth fund, has agreed to acquire a 50% stake in New Zealand-listed Vector Metering at an enterprise valuation of NZD 2.5bn (USD 1.6bn).
Prosus, Accel back India SaaS procurement platform
Prosus Ventures and Accel have led a USD 11m Series A round for Spendflo, an India-founded software-as-a-service (SaaS) procurement management platform now headquartered in the US.
Indian NBFC Avanti Finance raises $24m
Avanti Finance, an Indian technology-led non-banking finance company (NBFC) has received USD 24m in equity funding from Rabo Partnerships and IDH Farmfit Fund, with re-ups from Oikocredit and NRJN Trust.
BP, Morgan Stanley back India EV charging station provider
BP Ventures and Morgan Stanley Infrastructure have made a USD 22m equity investment in Magenta Mobility, an Indian electric vehicle (EV) charging station provider.
China decision-making software provider raises $73m
Chinese enterprise software company Cardinal Operations has raised CNY 500m (USD 73m) in two tranches of Series C funding, each led by a state-backed VC fund.
Deal focus: Goldman secures $1bn exit from India's ReNew
Goldman Sachs has clocked a healthy return from ReNew Energy Global after helping the company diversify its offering and navigate the regulatory pitfalls of India’s renewables space
Deal focus: Qiming bets on resilience in China's coffee space
Qiming Venture Partners has doubled down on Chinese coffee brand Tasogare, identifying a consumer category endowed with rare advantages and poised to benefit from a broader domestic retail rebound
Deal focus: Hong Kong's Gryfyn issues web3 passport
Gryfyn, the latest project from Hong Kong’s Animoca Brands, has attracted several VC investors, most of which are not existing backers of its parent. The mission is simple: expand the metaverse
Quadrant completes New Zealand cybersecurity roll-up
Quadrant Private Equity has invested in New Zealand-based cybersecurity providers Quantum Security Services, ZX Security, and Helix Security Services with a view to supporting expansion into new geographies and service offerings.
Shunwei leads $10m round for China RPA player
Naturobot, a China-based robotic process automation (RPA) start-up, has raised a new round amounting to about USD 10m led by Shunwei Capital.
Singapore quantum computing start-up secures $18.1m
Singapore’s Horizon Quantum Computing has raised USD 18.1m from a group including Sequoia Capital India and Tencent Holdings.
VCs back Indonesia battery-swapping scooter maker
Ondine Capital, a Southeast Asia-focused VC firm set up by investors from China's CICC Capital and JD.com and Indonesia's MediaTek, has invested in Indonesian battery-swapping scooter maker Swap Energy.
Hong Kong's HKBN confirms talks with I Squared
HKBN, one of Hong Kong’s leading broadband internet providers, has confirmed that negotiations with infrastructure investor I Squared Capital over a potential acquisition are ongoing.
Logistics start-up Lalatech pursues Hong Kong IPO
Lalatech Holdings, the parent company of Hong Kong delivery platform Lalamove, has filed for an IPO in Hong Kong. This would represent a liquidity event for the likes of Hillhouse Capital, MindWorks Ventures, and Shunwei Capital.
CCV leads round for China chip designer Cmind-Semi
Cmind-Semi, a China-based wireless communication chip designer, has raised a pre-Series A round led by China Creation Ventures (CCV). Existing investors Walden International Investment and Legend Capital also took part.
Creador completes exit from Malaysia's Mr DIY
Creador has exited its remaining 4.9% equity interest in Malaysia-listed home improvement retailer Mr DIY, generating proceeds of MYR 664m (USD 150.5m).
Japan 'deskless workforce' start-up raises $23m
Japan’s Coral Capital has led a JPY 3bn (USD 23m) Series B round for Kaminashi, a local software start-up targeting an under-digitalised blue-collar segment it calls the “deskless workforce.”
GIC takes co-control of Bain-owned Japan software company
Bain Capital has ceded co-control of Japanese HR software provider Works Human Intelligence (WHI) to GIC in a deal ranked among the Singapore sovereign investor’s largest acquisitions.
Japan's Fiducia hits second close on debut fund
Fiducia, a tech investor set up by the former private markets head of Japan Post Bank, has reached a second close of JPY 3.86bn (USD 29m) following a commitment from SBI Group.
Bessemer leads Series C for New Zealand's Halter
Bessemer Venture Partners has led a NZD 85m (USD 53.3m) Series C round for New Zealand’s Halter, a start-up that makes solar-powered collars for managing cow herds with an app.
JIC Capital backs Japan's Hitachi Astemo
JIC Capital, the private equity unit of Japan Investment Corporation (JIC), has agreed to take a 20% stake in automotive components manufacturer Hitachi Astemo as part of a restructuring that will see Hitachi cede majority ownership.
Japan's EV Motors raises $27m in extended Series C
Japanese electric vehicle (EV) manufacturer EV Motors has completed an extended Series C round, raising JPY 3.6bn (USD 27.1m) from at least 23 investors.