GGV Capital
Deal focus: Faux fowl fast-forwards
Next Gen Foods is pushing hard to popularise its meatless chicken brand Tindle in the name of climate action. The largest-ever Series A round in alternative protein is jumpstarting the campaign
Deal focus: Freemium works for Dianxiaomi
China cross-border e-commerce services platform Dianxiaomi has achieved traction, and profitability, by only charging for value-added services. Its Series C will fuel global expansion
China 5G chip designer Cygnus raises $100m
Chinese 5G chip design company Cygnus Semiconductor has raised USD 100m in Series A funding and an extended pre-Series A round led by Matrix Partners China and Wofo Capital.
China e-commerce SaaS player secures $100m Series C
China-based e-commerce software-as-a-service (SaaS) provider Dianxiaomi has secured a USD 100m Series C round led by Tiger Global Management and Huaxing Growth Capital.
Singapore's Next Gen Foods raises $100m Series A
Singapore-based Next Gen Foods, maker of vegetarian chicken brand Tindle, has raised a USD 100m Series A round featuring GGV Capital and Temasek Holdings’ Asia Sustainable Foods Platform.
China's Taichi Graphics raises $50m
Taichi Graphics, a China-based 3D digital content creation platform has raised a USD 50m Series A led by Source Code Capital, GGV Capital and BAI. Existing investor Sequoia Capital China re-upped.
Indonesia insurance start-up Fuse raises $25m
Fuse, which claims to be Indonesia’s largest insurance technology start-up, has raised $25 million in a Series B extension. It comes within six months of a $50 million Series B featuring East Ventures.
Grab completes SPAC merger, sees volatile trading debut
Southeast Asia ride-hailing platform turned super app Grab experienced a tumultuous first day of trading on NASDAQ following the completion of its merger with a US-listed special purpose acquisition company (SPAC) at an enterprise valuation of $30.4 billion.
Local turbulence drives China tech players abroad - AVCJ Forum
Regulatory uncertainty in China has encouraged local technology companies to go global rather than rely on a single market, the AVCJ Private Equity & Venture Forum heard.
Tiger Global leads $100m round for China HR SaaS player
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.
China's Momenta adds $500m to Series C 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
Chinese collaboration software provider Lanhu raises $157m
Chinese collaboration software company Lanhu has raised RMB1 billion ($157 million) in an extended Series C round led by GGV Capital, reaching a valuation of $1 billion.
China flying vehicle developer HT Aero raises $500m
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.
Temasek leads $550m round for US cybersecurity player Orca
Singapore’s Temasek Holdings has led a $550 million Series C round for US cybersecurity provider Orca Security that will support an Asia expansion.
Sofina, CDH wealth platform lead round for China's Petkit
Petkit, a Chinese manufacturer of smart devices for pets such as water and food dispensers, has raised $50 million in a Series D round of funding led by Sofina and CDH Investments' wealth management platform.
Primavera pursues China online education take-private
Primavera Capital Group has submitted a $33.3 million take-private bid for Liulishuo, a China-based operator of an English language learning app. The company's stock has struggled following a recent crackdown on online education platforms in China.
China AI drug developer BioMap raises $100m
GGV Capital has led a $100 million Series A round for BioMap, a China-based biological computing platform. It marks the first time the company has sought external funding.
China DNA sequencing start-up gets $116m Series C
Chinese next-generation sequencing (NGS) player Geneplus Technology has raised a RMB750 million ($116 million) Series C round led by China Construction Bank’s venture unit CCB International.
PatPat raises $510m across Series C, D rounds
PatPat, a Chinese-founded children’s wear brand that claims to be the world’s largest direct-to-consumer (DTC) player in its segment, has raised $510 million across two rounds of funding.
GGV, Tiger Global lead $50m round for China bakery brand
Tiger Attitude, a China-based bakery brand, has raised a $50 million Series A round led by GGV Capital and Tiger Global. Both IDG Capital and Sequoia Capital China re-upped, having participated in a pre-Series A in January alongside Challenjers Capital.
Singapore’s Next Gen gets $20m for US push
Singapore’s Next Gen Foods, which markets the vegetarian chicken brand Tindle, has raised $20 million from VCs including GGV Capital, with a view to entering the US.
China online education player Huohua Siwei files for US IPO
Huohua Siwei, a China-based children's online education platform specializing in mathematics and science otherwise known as Spark Education, has filed to list in the US.
Deal focus: Content to the masses
Xiaoe Tong gained traction during the pandemic in China as channel for educational content providers, big and small, to reach their customers. It is also a SaaS player that stands firm on product standardization
IDG leads $120m round for China SaaS player Xiaoe Tong
Xiaoe Tong, a Chinese software-as-a-service (SaaS) provider that integrates its products with WeChat, has raised $120 million in Series D funding led by IDG Capital.