Sectors
TNB Aura leads $32m round for Singapore electronics brand
Singapore-based VC firm TNB Aura has led a SGD 45m (USD 32m) round for local consumer electronics brand Prism+ ahead of a Southeast Asia expansion.
India insurance start-up Zopper raises $75m
Indian private equity firm Creaegis has led a USD 75m Series C round for local insurance technology provider Zopper.
Fundamentum leads round for India's Kuku FM
Indian growth-stage investor The Fundamentum Partnership has led a USD 21.8m Series B extension for audio platform Kuku FM.
China semiconductor: Casualties of war
Private equity investment in China’s semiconductor industry continues unabated despite intensifying US regulatory action. While start-ups are not explicitly targeted, many are feeling the heat
KKR leads $450m investment in India's Hero Future Energies
KKR has led a USD 450m investment in Indian renewable energy company Hero Future Energies (HFE), with parent company Hero Group also participating.
Gobi raises $10m for Asia seed fund
Gobi Partners has closed a USD 10m Malaysia-focused seed fund with contributions from Allianz Malaysia, Malaysia Venture Capital Management (Mavcap) and Sunway Group.
C Ventures rebrands, hits first close on new fund
C Ventures, a VC firm set up by Adrian Cheng, scion of Hong Kong’s New World Development, has rebranded as C Capital – reflecting steps to diversify into a multi-strategy asset manager – and reached a first close on its latest fund.
Deal focus: Morse Micro takes Wi-Fi to the next level
Australia’s Main Sequence Ventures plans to make Morse Micro one of the few Wi-Fi chipmakers in an easy-to-imagine future where more reliable, long-range device connectivity surges in demand
Portfolio: Advantage Partners and Elise Fashion
Advantage Partners acquired Vietnamese women’s apparel retailer Elise Fashion with a view to integrating manufacturing, design, and distribution into a leaner operation with a more international profile
Fund focus: Glenwood gains traction with carve-out thesis
Korea-focused Glenwood Private Equity has closed its second fund on KRW 900m (USD 648m) from local LPs, having established itself as a mid-market corporate divestment specialist
China drug developer Worg secures $57m Series B
Worg, a China-based drug developer, has closed a Series B round of CNY400m (USD57m) from five local investors - Jiachen Capital, Longpan Capital, Kaitai Capital, Puhua Capital and Anji Ruixing Capital.
GenBridge, DragonBall back China snacks brand Xueji Chaohuo
GenBridge Capital and DragonBall Capital have led a CNY 600m (USD 86m) Series A round for Xueji Chaohuo, a China-based roasted seeds and nuts brand.
EQT exits China packaging business to OTPP
EQT has confirmed the sale of its co-control stake in China-headquartered packaging manufacturing company GPA Global to Ontario Teachers’ Pension Plan Board (OTPP) for an undisclosed sum.
Indonesian crypto exchange Reku raises $11m
Indonesia’s AC Ventures has led a USD 11m Series A round for Reku, a local crypto exchange that claims to offer the lowest fees in the market.
PE-backed Mankind Pharma files for India IPO
Indian drug maker Mankind Pharma has filed for a domestic IPO, setting up an exit for Capital International, a private equity arm of Capital Group.
China satellite player Galaxy Space achieves unicorn status
Galaxy Space, a China-based satellite developer, has raised a new funding round led by CCB International at a post-investment valuation of CNY 11bn (USD 1.6bn).
Australia's Telstra Ventures raises $336m for latest global fund
Australia’s Telstra Ventures has closed its third global fund on AUD 500m (USD 336m), beating a target of AUD 400m. Fund II closed on AUD 675m in 2018 and added a USD 50m sidecar the following year.
Blackbird leads $23m Series B for Australia’s Sonder
Australia’s Blackbird Ventures has led a AUD 35m (USD 23.4m) Series B round for Sonder, a staff and student management app focused on wellbeing and safety.
Japan’s J-Star backs campervan manufacturer
Japanese lower-middle market private equity firm J-Star has confirmed an investment of undisclosed size in Toy Factory, a campervan designer and manufacturer.
China's HighLight hits first close on life sciences fund, targets $650m
HighLight Capital, a China-based life sciences investor, has completed a first close of USD 540m on its fourth US dollar-denominated fund. The overall target is USD 650m.
Indonesia’s Fazz raises $100m Series C
Indonesia’s Fazz, a financial services provider for Southeast Asia micro businesses, has raised a USD 100m Series C round featuring Tiger Global, DST Global, and B Capital Group.
Everstone buys India's Softgel Healthcare
Everstone Capital has acquired a controlling stake in Indian pharmaceuticals manufacturer Softgel Healthcare (SHPL) for an undisclosed sum.
Billionaire Venture, DBS to invest $200m in India start-ups
India’s Billionaire Venture Capital and DBS Bank have agreed to invest USD 200m in 150m Indian start-ups via a special purpose vehicle and joint venture (JV).
Australian GPs sell food businesses to PAG
PAG has acquired Australia-based Patties Foods and Vesco Foods, facilitating exits for Pacific Equity Partners (PEP) and Catalyst Investment Managers, respectively.