Indonesia’s Alpha JWC Ventures has closed its third fund at $433 million, beating a target of $250 million. It is said to be the largest early-stage VC fund targeting Southeast Asia.
A raft of rules, largely targeting the technology sector, has challenged business cases and thwarted exits in China. It is also contributing to tweaks in investment strategy
Kedaara Capital has acquired a majority stake in Great Software Laboratory (GS Lab), an India-headquartered provider of digital product engineering services.
Australia’s Potentia Capital has exited compliance software-as-a-service (SaaS) supplier CompliSpace to UK-based Ideagen for about A$110 million ($81 million) after a less-than-two-year hold.
Hong Kong B2B financial technology provider Qupital has raised a $150 million Series B round led by Greater Bay Area Homeland Development Fund.
A steady rhythm of small and mid-sized IPOs in North Asia is now being punctuated by globally noticeable events. Valuations are up, but Korean and Japanese investors are game
A breakthrough offering in Indonesia and regulatory progress in Singapore highlight Southeast Asia’s growing viability as a tech IPO market. It’s unclear how well this is being communicated globally
New York’s loss is expected to be Hong Kong’s gain as regulatory and political turbulence drives Chinese start-ups to look for alternative listing destinations – unless valuations become a sticking point
Orlando Bravo, founder and managing partner of Thoma Bravo, which claims to be the largest PE investor in software globally, on SaaS in a post-COVID-19 world, the rise of blockchain, and opportunities in Asia
US data and analytics services provider Dun & Bradstreet has agreed to acquire Singapore audience data business Eyeota, setting up exits for several private equity investors.
Malaysian government investor VentureTech has teamed up with SBI Ventures Malaysia to launch a MYR75 million ($18 million) technology co-investment fund.
Rampersand, an Australia-based VC investor, is looking to raise A$40 million ($29.6 million) for its fourth fund, which will address what the firm describes as a “chronic funding gap in early-stage seed funding.”
Moka, a Chinese software-as-a-service (SaaS) provider specializing in human resources services, has raised a $100 million Series C led by Tiger Global Management.
Singapore’s Quest Ventures and ShipsFocus, a specialized start-up services studio, have achieved a first close of S$10 million ($7.5 million) on a maritime technology fund.
Glow Capital Partners, an Australian private equity firm established by Justin Ryan, formerly of Quadrant Private Equity, and Kate Morris, founder of beauty e-commerce platform Adore Beauty, is targeting A$300 million ($222 million) for its debut fund.
Singapore crypto platform AscendEX has raised a $50 million Series B led by US-based sector specialists Polychain Capital and Hack VC.
Affinity Equity Partners has invested $150 million in Vidio, an Indonesia-based over-the-top (OTT) streaming service described as a local equivalent to Netflix, as part of a $200-250 million funding round.
Strategic and financial investors have put another $500 million into Chinese autonomous driving technology developer Momenta, endorsing the company's two-legged approach to commercialization
China-focused VC firm Ameba Capital has closed its debut US dollar-denominated fund at $265 million, supported by a renminbi-to-US dollar secondary restructuring and a primary staple.
Japan’s early-stage investment environment has improved dramatically over the past several years with the emergence of a new generation of entrepreneurs, industry participants told the AVCJ Japan Forum.
India-based e-commerce logistics provider Delhivery is looking to raise up to INR74.6 billion ($1 billion) through a domestic IPO that would facilitate partial exits for The Carlyle Group, Fosun Group, SoftBank Vision Fund 1, and Times Internet.
SoftBank Vision Fund 2 has led a $93 million Series B round for Hong Kong non-fungible token (NFT) platform The Sandbox, a subsidiary of locally based category leader Animoca Brands.
Warburg Pincus, Insight Capital, and Bow Wave Capital have led a $300 million round for Mynt, the Filipino financial technology company behind the mobile wallet GCash, at a valuation of $2 billion.
B Capital Group and Falcon Edge Capital have joined a $50 million Series B round for Indian digital banking services provider Fi at a valuation of $315 million.