Korea Investment Partners
Korea Investment Partners raises $60m SE Asia fund
Korea Investment Partners (KIP) has raised USD 60m for a Southeast Asia venture fund from institutional investors in Korea, Hong Kong, and Singapore.
India gaming, e-sports player Loco raises $43m
Indian game streaming and e-sports start-up Loco has raised INR 3.3bn (USD 43.3m) in Series A funding led by Korean blockchain specialist Hashed Ventures.
Korea autonomous driving tech supplier raises $20m
Morai, a Korean autonomous vehicle simulation technology supplier, has raised USD 20m in Series B funding from investors including Korea Investment Partners and Hyundai Motor Group.
Hong Kong NFT player adds $50m to funding round
Hong Kong’s Animoca Brands, a gaming company focused on blockchain-based non-fungible tokens (NFTs), has raised $50 million from a group including Gobi Partners and a VC unit of Samsung.
Korea delivery platform Barogo gets $72m Series C
Korean delivery platform Barogo has raised KRW80 billion ($72 million) in Series C funding featuring several local private equity investors, including LB Investment and STIC Ventures.
Korea's MegazoneCloud raises $122m Series B
Korean enterprise cloud services provider MegazoneCloud has closed a $122 million Series B round featuring more than 20 investors, including at least eight private equity firms.
CDH, SDIC lead $62m Series C for Virogin Biotech
Virogin Biotech, a drug developer based in China and Canada, has received $62 million in Series C funding led by CDH Invesmtents and a subsidiary of State Development and Investment Corporation (SDIC).
Chinese cleaning robot developer gets $22m Series B
Gaussian Robotics, a China-based developer of robots used for cleaning, has raised RMB150 million ($22 million) in an extended tranche of Series B round led by Broad Vision Funds and China Capital Management.
China's Newlink raises $128m Series D
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations, has raised a RMB900 million ($128 million) Series D round led by CICC Capital. Xiaomi Corporation also participated.
VCs commit $13.9m to Korean mobile laundry service
Laundrygo, a Korea-based on-demand laundry service, has raised KRW17 billion ($13.9 million) in Series B funding from Korea Investment Partners, Aju IB Investment, KT Investment, Samsung Venture Investment, and DS Asset Management.
Korean investors contribute $43m to India's Swiggy
Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets joined a $43 million funding round for Indian food and grocery delivery platform Swiggy.
Shanghai CDMO player gets $51m Series A
Zhenge Biotech – a Shanghai-based contract development and manufacturing organization (CDMO) for large molecule drugs – has raised $51 million in Series A funding led by Lyfe Capital.
Korea cybersecurity player raises $8m Series B
SecuLetter, a Korean cybersecurity technology provider, has raised a $8 million Series B round that included Saudi Arabian VC firm Riyadh Valley Company.
Chinese gas station platform raises $110m Series C
Newlinks Group, operator of the Chezhubang platform that helps drivers in China locate the best value gas stations, has raised a $110 million Series C round led by Joy Capital.
VCs invest $11m in Singapore talent agency
Gushcloud International, a digital talent agency based in Singapore, has received $11 million from a group of regional VCs and US hip-hop mogul Russel Simmons (pictured).
UOB leads $65m Series B for Indonesia's Halodoc
Singapore-based United Overseas Bank (UOB) has led a $65 million Series B round for Indonesian healthcare technology provider Halodoc.
Golden Equator, KIP launch Southeast Asia tech fund
Singapore’s Golden Equator Capital and Korea Investment Partners (KIP) have jointly launched a S$120 million ($88 million) Southeast Asia technology fund focused on start-ups and small to medium-sized enterprises (SME).
China's Ono gets $16m Series A round
A group of VCs including China Growth Capital have agreed to invest $16 million in Ono, a China-based company that claims to be the creator of the first decentralized social network.
Korean drug developer raises $21.8m Series B round
TiumBio, a South Korean drug developer working on treatments for cancer, diabetes and hemophilia, has secured KRW23.5 billion ($21.8 million) in Series B funding.
Allergan to acquire Australia's VC-backed Elastagen
Allergan, a US-listed pharmaceutical company and the owner of Botox cosmetic injectable products, has agreed to acquire Elastagen, an Australian skin treatment developer backed by a number of VCs, in a deal worth up to $260 million.
Advantech, SDIC lead $76m round for China biotech player
Advantech Capital and SDIC Fund Management have led a $76 million Series A round for Chinese biotechnology company KBP Biosciences.
KIP leads $10m Series A round for China cosmetics review app
Korean Investment Partners (KIP), South Korea’s biggest venture capital firm, has led a $10 million Series A round of investment for Cosmeapp, a Chinese mobile app that provides cosmetics reviews.
Korea VC: Seoul-searching
The South Korean start-up community is flourishing as early-stage investors flock to the country in search of opportunities. What is driving this renewed interest and can it last?
Mongolian PE fund targets South Korean investors
Seoul-based private equity firm Doran Capital Partners and Eurasia Capital, the Asia-focused investment bank, are raising a $100 million PE fund targeting Mongolia. The two companies have approached LPs in Korea to fund the vehicle.