XAG, a Chinese manufacturer of agricultural drones, has raised RMB300 million ($46 million) in funding from GL Ventures.
Hillhouse Capital and Tencent Holdings have led a $92.5 million Series C round for Fenbeitong, a China-based enterprise payment and expense management software provider.
Source Code Capital, a Chinese venture capital firm founded by Yi Cao (pictured), formerly of Sequoia Capital China, is set to raise $1 billion across two funds.
The Carlyle Group has completed a full exit from Japanese enterprise software developer WingArc1st via the company’s JPY19.4 billion ($179 million) IPO.
China-based MetaApp has created an online platform that connects games with relevant gamers. Community building and social interaction are its watchwords
Having launched his own start-up on campus, Song Yao of See Fund is returning to China’s academic institutions to look for the next generation of hard technology unicorns
Openspace Ventures launched its $200 million third fund comfortable in the knowledge that the first two were top-quartile performers. IPOs, trade sales and partial secondary exits have all played a role
Novo Tellus Capital Partners has moved to take control of Procurri, a Singapore-listed provider of IT services and data center equipment in which it acquired a minority position two years ago.
Hangzhou-based enterprise software company Terminus has raised RMB400 million ($61 million) in Series A funding led by Sequoia Capital China. Existing investors Alibaba Cloud and Glory Ventures re-upped.
Energy Monster, China’s largest mobile device charging service provider by gross revenue, has filed for a US IPO.
Accel-KKR, a private equity firm created by Accel Partners and KKR, is set to exit New Zealand engineering software provider Seequent to a US strategic in a deal worth $1 billion.
Japanese start-up Gitai eschews conventional wisdom that industrial-use robots must be specialized. Its Series B round will be used to build general-purpose robots for use in space
BlackRock Private Equity Partners received proceeds of $936 million through a partial exit from Korean e-commerce business Coupang, which raised $4.55 billion in its US IPO. The stock gained 41% on debut.
Openspace Ventures has closed its third Southeast Asia fund – which targets Series A and B rounds for companies with B2C and B2B technologies – at the hard cap of $200 million.
China gaming platform MetaApp has raised a $100 million Series C round led by SIG and featuring existing investors China Creation Ventures (CCV) and Sky9 Capital. It is said to be the largest single round in China's gaming industry.
Tencent Holdings, Centurium Capital, and ZWC Partners have contributed RMB900 million ($139 million) in Series D funding to Fadada, a Chinese e-signature and cloud contract service provider.
Malaysia Debt Ventures (MDV) and Kenanga Investment Bank have launched a VC fund focused on the local financial technology space with a target of MYR300 million ($73 million).
SIP Global Partners, a US and Japan-headquartered VC firm, has reached a first close of $75 million on its debut cross-border fund. The target is $150 million.
Japanese technology conglomerate Pioneer Corporation has agreed to sell Increment P Corporation – its car navigation and mapping business – to Polaris Capital Group.
The growth-stage funding gap is approximately $1.1 billion per year in Southeast Asia, according to Asia Partners. The GP now has $384 million in dry powder to try and fill it
Vietnam education start-up Point Avenue is pursuing expansion across after-school tuition, bilingual K-12 schools, and online platforms. Gaw Capital will provide financial and strategic support
Recent regulatory reforms suggest that China will not let the growth of large technology companies go unchecked. The implications could be far-reaching, not least for VC investors and start-ups
Zhongneng United, a Chinese construction equipment rental platform specializing in aerial work, has raised RMB3 billion ($460 million) in Series C equity and debt financing across three tranches.
Allianz Group has led a $75 million round for Hong Kong’s WeLab with a view to helping the financial technology provider develop new insurance and investment products.