Matrix Partners
VC-backed Cheetah Mobile posts modest gain after $168m IPO
Cheetah Mobile, formerly Kingsoft Corporation’s internet security software division, ended its second day of trading on the New York Stock Exchange at a slight premium to its IPO price, following a $168 million offering.
Tiger Global leads LimeRoad $15m Series B round
Tiger Global has led a $15 million Series B round of investment in LimeRoad, a social e-commerce site aimed at women in India.
Matrix closes third China VC fund at $350m
Matrix Partners has reached a final close of $350 million on its third China-focused fund. It follows a strong first quarter for China venture capital fundraising.
Warburg Pincus leads $70m round for China job site Liepin
Warburg Pincus has led a $70 million Series C round of funding for Liepin.com, a Chinese online recruitment services provider, with participation from existing investor Matrix Partners China.
Sequoia leads $50m round for second-hand car platform Cheyipai
Sequoia Capital has led a $50 million round of funding for Cheyipai, a Chinese second-hand car trading platform. Existing backers Morningside Ventures, Matrix Partners and CITIC Capital also participated.
Matrix India leads Series B for Mswipe
Mswipe Technologies, a Mumbai-based mobile payment services provider, has raised a Series B round of funding led by existing investor Matrix Partners India. Axis Bank and DSG Consumer Partners also participated.
TAL Education invests $25m in VC-backed Babytree
TAL Education, a China-based after-school tutoring services provider, has acquired a minority stake in childcare website Babytree for RMB150 million ($25 million). The online baby nursing information provider secured previous investments from Matrix Partners,...
Matrix leads Series B round for China menstruation app
Matrix Partners China has led a $15 million Series B round of funding for Meet You, a menstruation cycle-tracking mobile app. Founder Fangyi Chen and existing investor China Renaissance K2 Ventures has reportedly participated.
Bull Capital, Sequoia back China online steel trading platform
Zhaogang.com, a Chinese B2B steel trading platform, has received a $34.8 million Series C round of funding led by Bull Capital Partners and Sequoia Capital. Previous investors Matrix Partners and China Renaissance K2 Ventures also participated.
Baidu, VCs provide $15m round for fashion site Yoka
Baidu has led a $15 million round of funding for Yoka, a Chinese fashion website. Fidelity Growth Partners also participated in the round alongside existing investors IDG Capital Partners, Matrix Partners and Hearst Corporation.
Matrix Partners India backs TechMed
Matrix Partners India has invested in TechMed, a hospital lab management (HLM) pathology chain, picking up a significant minority stake. The financial details of the transaction were not disclosed.
Matrix provides Series A for India traffic information portal
Matrix Partners India has provided a Series A round of funding for real-time traffic and travel information platform Birds Eye Systems. The size of the investment was not disclosed but the capital will be used to expand the company’s coverage from Mumbai,...
Sequoia leads $25m round for China online takeout service
Sequoia Capital China has led a $25 million Series C round of funding for ele.me, a Chinese food ordering service. This latest round - which also includes existing backer Matrix Partners - values the company approximately $100 million.
Alibaba buys VC-backed mobile app analytics operator
China e-commerce conglomerate Alibaba Group has purchased Umeng, a Beijing-based mobile app analytics service provider incubated by Innovation Works.
Matrix, Tiger Global back Indian cab rental firm Olacabs
Olacabs has received a Series B round of funding from Matrix Partners India and existing investor Tiger Global Management, reportedly worth $20 million.
Matrix provides Series A for Shotformats Digital Works
Matrix Partners India has provided a Series A round of funding for Shotformats Digital Works, a distribution and digital entertainment company. Financial terms were undisclosed.
Matrix makes a booking with Stayzilla
The travel e-commerce market in India is booming but the technology which has made it possible is also leaving many behind. This is particularly visible is the hotel booking segment, where transactions frequently break down because establishments don't...
Online tourism: Ticket to ride
Online tourism is on the rise in emerging Asia and numerous venture-backed businesses are looking to hitch a ride on the consumer growth trend. The key is finding the right niche
Matrix Partners exits China Bona Film to Fosun
Matrix Partners China and other undisclosed pre-IPO shareholders have exited a 6.4% stake in Bona Film Group, a NASDAQ-listed film distributor in China, to Chinese conglomerate Fosun International for $20.8 million.
Matrix backs hotel reservation site Stayzilla.com
Matrix Partners India has acquired a significant minority stake in Stayzilla.com, a site which allows users to research and reserve hotels at discounted rates in more than 750 Indian cities. The financial details of the deal, in which Matrix was the sole...
Matrix India commits $6m to Meditrina Hospitals
Matrix Partners India has invested INR400 million ($6 million) in Kerala-based Meditrina Hospitals for a significant minority stake. The private equity firm is the sole participant in the first round of investment.
China education site Fenbi.com to raise Series B round
Fenbi.com, a Beijing-based online education platform, is about to close its second round of VC funding. It is said that IDG Capital Partners and Matrix Partners China have joined the round, taking total capital raised to $7 million.
SIG Asia leads $18m round for China photo app Camera360
SIG Asia Investment (SAI), an affiliate of US financial group the Susquehanna International Group, has led a $18 million Series B round of funding for Camera360, a photo-editing mobile app. Existing backers Matrix Partners China and Gobi Partners also...
Reebonz receives $39m from MediaCorp, VCs
Southeast Asia-focused online retailer Reebonz has received a S$50 million ($39 million) round of funding led by Singapore multimedia group MediaCorp. Existing investors Vertex Ventures, GGV Capital, Intel Capital and Matrix Partners China also participated.