Technology
Thailand’s Kuvera leads $3m round for domestic IT start-up
Thai investment firm Kuvera Capital has led a $3 million round of funding for Bangkok-based IT services provider D8.
Singapore's Jubilee Capital in $3m round for NZ fintech start-up
Latitude Technologies (Latipay), a New Zealand-based financial technology company that helps e-commerce players target Chinese consumers, has raised NZ$4.1 million ($3 million) from a group of investors including Singapore’s Jubilee Capital.
France's Ingenico buys India's PE-backed TechProcess
French electronic payment service provider Ingenico has agreed to buy TechProcess, an Indian developer of online and mobile payment services backed by several VC investors.
CIC, Temasek, Hopu back Shenzhen innovation fund
China Investment Corporation (CIC), Silk Road Fund, state-owned property developer Shum Yip Group and Singapore's Temasek Holdings have launched a technology investment fund in partnership with SoftBank-owned ARM Holdings and Hopu Investments.
Indonesia’s BCA launches fintech investment unit
Indonesia’s Bank Central Asia (BCA) has launched a venture capital investment arm that will focus on financial technology.
Alibaba’s Ant Financial to buy THL-backed MoneyGram
Thomas H. Lee Partners (THL) will exit US-listed MoneyGram following an agreement to merge the money-transfer services provider with Ant Financial, a PE-backed online financial services affiliate of Alibaba Group, in a deal that values the business at...
New Zealand's VC-backed Phitek Systems sold to US tech player
New Zealand-based audio equipment and technology developer Phitek Systems has been sold to a US strategic buyer, providing an exit for a number of domestic VC investors.
Deal focus: Innotech realizes global ad tech ambitions
Chinese captive private equity unit Innotech Capitals has secured its first acquisition in the US, picking up data aggregation platform Ad-Juster with a view to supporting its expansion in China
Fidelity marks down India's Flipkart
A mutual fund managed by Fidelity has cut the valuation of its shares in India e-commerce giant Flipkart – which faces a concerted challenge from Amazon – by 36.1%, falling in line with a Morgan Stanley valuation issued last December.
Alibaba’s local services platform Koubei completes $1.1b round
Koubei, a China online-to-offline (O2O) local services platform backed by Alibaba Group, has completed a $1.1 billion funding round led by Silver Lake, CDH Investments, Yunfeng Capital and Primavera Capital.
IIFL, Iron Pillar back India's NowFloats
Indian enterprise web solutions provider NowFloats has raised $10 million in Series B funding from a group of investors including IIFL and Iron Pillar.
Deal focus: Q&A start-up Xueba to enter the classroom
Chinese education app provider Xueba raises a $100 million Series C round as it looks to monetize its user base through one-to-one tuition and in-classroom services
Fund focus: TukTuks answers call for Thai exposure
Domestic high net worth individuals and corporates are the major contributors as 500 Startups closes its debut Thailand venture capital fund above target at $15.4 million
Australia's CEFC, Southern Cross Venture back GreenSync
GreenSync, an Australian company that has developed smart software for use in electricity grids, has raised A$11.5 million ($8.7 million) in Series B funding from Clean Energy Finance Corporation (CEFC) and Southern Cross Venture Partners.
Australian analytics start-up Local Measure raises $3.4m
Local Measure, an Australian analytics technology provider servicing the tourism industry, has raised $3.4 million for an expansion effort that will include opening new offices in Los Angeles and Dubai.
Taiwan’s Foxconn invests in PE-backed Mobike
Taiwan-based Foxconn Technology Group has made a strategic investment in Mobike, a Chinese bike rental service start-up backed by several PE investors including Warburg Pincus.
IMJ, Opt invest $4.4m in Japan's Enechange
Enechange, which manages an energy price comparison site aimed at Japanese customers, has raised JPY500 million ($4.4 million) from Opt Ventures and IMJ Investment Partners.
China launches $15b internet investment fund
China’s Ministry of Finance and the Cyberspace Administration of China (CAC) - the country's internet oversight agency - have launched an internet-related investment fund with a target of RMB100 billion ($15 billion).
China VCs lead $100m round for local education app Xueba
China Merchants Capital and Grand Fight Investment have co-led a $100 million Series C round of funding for Xueba, a Chinese education app that helps students understand homework exercises.
Australia SaaS start-up Deputy gets $25m from OpenView
US-based VC investor OpenView has committed $25 million in Series A funding to Australian workforce management software developer Deputy.
China online grocery retailer Miss Fresh gets $100m Series C
Chinese online grocery retailer Miss Fresh has raised $100 million in a Series C round of funding jointly led by Lenovo Capital and Zheshang Venture Capital.
China VC-backed UrWork completes $58m Series B
China VC-backed UrWork, a co-working space provider for start-ups, has raised a RMB400 million ($58 million) Series B round of funding at a post-money valuation of about $1 billion.
500 Startups closes Thailand fund at $15.4m
500 Startups has reached a final close of $15.4 million on its Thailand-focused early-stage fund. It had originally targeted $10 million.
Fosun agrees strategic partnership with India’s Iron Pillar
Chinese conglomerate Fosun International has entered a strategic partnership with Iron Pillar, an India-based VC firm focused on mid-stage technology companies, to make co-investments in India.