Dreame, a Beijing-headquartered vacuum cleaner maker backed by smart phone and consumer electronics giant Xiaomi, has raised RMB3.6 billion ($563 million) in Series C funding.
Hong Kong non-fungible token (NFT) company Animoca Brands has raised $65 million from a group featuring Sequoia Capital China, more than doubling its pre-money valuation since May to $2.2 billion.
HT Aero, an urban air mobility (UAM) company affiliated with Chinese electric vehicle manufacturer Xpeng, has raised a $500 million Series A round led by Xpeng, IDG Capital, and 5Y Capital.
Abu Dhabi Investment Authority (ADIA) has committed $400 million to Indonesia super app GoTo as the lead investor in a funding round ahead of the company’s much-anticipated IPO.
Christine Tsai, co-founder of 500 Global, formerly 500 Startups, reflects on how a planetary approach to seed-stage VC has changed the asset class, the developing world, and the firm itself
A group of Korean private equity investors has committed $40 million in funding to Ceracin, a Singapore-based biotech developer focused on neurotherapeutics.
H3 Dynamics, a Singapore-based autonomous drone data services and hydrogen air logistics start-up, has raised a $26 million Series B round led by Japan’s Sparx Asset Management.
Japan’s massive mid-sized business sector is still trading in its fax machines for the cloud, sometimes willingly, sometimes begrudgingly. PE’s help is most needed in terms of mindset
The China-based venture capital firm declined to increase its Fund II hard cap as regulatory uncertainty mounted. It now has $275 million in dry powder earmarked for services digitalization
China-focused digital marketing start-up Whale has secured $50 million in Series B funding to hone a product offering that helps companies optimize customer engagement by analyzing traffic flows
Hitachi has agreed to sell its Japan-based radiation measurement devices and industrial x-ray CT devices businesses to local private equity firm Nippon Mirae Capital.
Vitalbridge Capital, a China-based venture capital firm that spun out from Trustbridge Partners, has raised $275 million for its second US dollar-denominated fund.
Whale, a China-focused digital marketing platform, has raised a Series B round of $50 million led by Temasek Holdings. Existing investors Nio Capital, Linear Capital, and Alpha Startups Fund re-upped.
TPG Rise Climate, a climate-focused strategy under TPG’s global impact investment platform, has agreed to invest INR75 billion ($994 million) in the electric vehicle (EV) unit of India’s Tata Motors.
Temasek Holdings has led a $100 million Series C round for Indian online banking company Open Financial Technologies with support from Google.
Lightspeed Venture Partners has joined a $125 million Series B round for India-based virtual events platform Hubilo.
Previously the sole elephant in Asia’s growth-stage technology space, SoftBank’s Vision Fund program is now one of a herd. Prevailing amid increased competition may prove its thesis once and for all
India technology investment continues to ramp up as China flatlines; international payments M&A drives Asia trade sale revival, but IPOs slump; fundraising remains slow
Having teamed up with the founder of Adore Beauty to launch Glow Capital Partners, Justin Ryan discusses life after Quadrant Private Equity, growth-stage investment in Australia, and gender balance
Ajaib grew from nothing to become Indonesia’s fifth-largest stockbroker by volume in the space of six months. The newly appointed unicorn is now raising capital just as quickly
Yunqi Partners was the first Chinese GP dedicated to enterprise services and now claims to be the largest early-stage investor in the space. SaaS, in various forms, will account for the bulk of Fund III
Yunqi Partners, an early-stage investment firm focused on enterprise software and services in China, has raised $300 million for its third US dollar-denominated fund.
Chinese venture capital firm Source Code Capital has raised RMB7 billion ($1.1 billion) for its fifth renminbi-denominated fund after approximately three months in the market.
Key themes in China private equity fundraising, investment, and exits