Matrix Partners
India's Ola receives $500m pre-IPO round
Temasek Holdings and Warburg Pincus have joined a $500 million in Indian ride-hailing platform Ola ahead of an IPO.
Tiger Global leads $144m round for India's DealShare
Tiger Global Management has led a $144 million Series D round for Indian social e-commerce start-up DealShare.
Investcorp leads Series D for China healthcare SaaS player
Linkedcare, a software-as-a-service (SaaS) and supply chain provider to China's healthcare sector, has closed a Series D funding round. Including an earlier Series C extension, the company claims to have raised $100 million in the past six months.
China's Nutshell Therapeutics raises $20m
Nutshell Therapeutics, a Chinese drug developer, has raised a $20 million Series A round led by Matrix Partners China.
China renovation materials trading platform raises $400m
Chubby Bear, a Shanghai-based B2B platform that matches buyers with suppliers of renovation materials, has raised $400 million across two tranches of Series C funding.
Deal focus: NiKang pursues hard-to-drug targets
With big pharma scaling back early-stage discovery, CBC Group is keen to incubate biotech start-ups developing drugs from scratch. NiKang Therapeutics is the first to secure wider investor attention
Deal focus: New angle on logistics flourishes in China
China’s DST Car Rental has achieved a level of vertical integration unique among start-ups in electrified logistics. With the model proving itself at home, an overseas expansion awaits
China trucking player secures $200m Series E
For-U Smart Freight, a Chinese road freight logistics company, has raised a $200 million Series E round led by China Structural Reform Fund, China life Investment, and Greater Bay Area Homeland Investments.
China chip IP specialist Akrostar raises $78m
Akrostar, a Chinese chip designer established less than a year ago by a team that spun out from US-headquartered industry leader Synopsys, has raised RMB500 million ($78 million) in Series A funding.
Ikea entity leads Series C for China EV rental player
Dishangtie Car Rental, a Shenzhen-based electric vehicle (EV) rental service, has raised a $100 million Series C led by Ingka Holdings, a holding company for most of Ikea's stores.
China HR SaaS player Beisen raises $260m
Beisen, China’s largest integrated human resources software-as-a-service (SaaS) platform, has raised $260 million in Series F funding. It is said to be the largest-ever round in this segment of enterprise services.
China medical tech supplier AMS raises $100m
China and US-based Access Medical Systems (AMS) has raised a $100 million round co-led by Sequoia Capital China and GL Ventures.
China AI chip designer Vastai raises $77m
Vastai Technologies, a China-based artificial intelligence (AI) chip designer, has raised RMB500 million ($77 million) in an extended Series A round led by Matrix Partners China and China Internet Investment Fund.
China's NextData raises $135m Series D
NextData, a China-based cybersecurity services provider, has secured $135 million in Series D funding led by CPE, Matrix China Partners, Hopu Investment, Tencent Holdings, and Xiang He Capital.
China e-commerce enabler Xingyun raises $600m - update
China’s Xingyun Group, a digital supply chain provider for cross-border e-commerce, has raised $600 million in the second tranche of Series C round led by Yunfeng Capital, HI Transformational Fund, and Crescent Point.
Falcon Edge backs India B2B platform OfBusiness
Falcon Edge Capital has led a $110 million growth round for India’s OfBusiness, a B2B platform for industrial sector services, at a post-money valuation of $800 million.
Matrix leads Series E tranche for China corporate training platform
Matrix Partners China has led a second tranche of Series E funding - worth $90 million - for Yunxuetang, a Chinese online corporate training services provider.
China yogurt brand secures $122m Series B
Simple Love, also known as Jian’Ai, a Chinese yogurt brand, has raised RMB800 million ($122 million) in Series B funding from Matrix Partners China, BA Capital, CITIC Agriculture Fund, and Maison Capital. They all backed the company's RMB400 million...
China VCs back See Fund's debut vehicle
See Fund, an investment firm established by the founder of Chinese artificial intelligence chip start-up DeePhi Technology, has raised RMB200 million ($31 million) for its debut fund.
Orchid, Matrix commit $100m to China gaming platform
Orchid Asia and Matrix Partners China have participated in a $100 million Series B round for Chinese gaming company Quwan Network Technology. Matrix led the Series A last year.
Aspex leads $200m Series E for Hong Kong's Klook
Aspex Management has led a $200 million Series E round for Klook as the Hong Kong travel app pivots to domestic holiday services during a freeze in international tourism.
Hillhouse leads $28m round for China's DataCloak
DataCloak, a Shenzhen-based start-up that helps companies install data security systems on devices used by employees, has raised a $28 million Series B round led by Hillhouse Capital.
China healthtech player gets $100m Series C extension
Weimai, a Chinese healthcare-focused big data platform that primarily serves hospitals and clinics in lower-tier cities, has raised $100 million in an extended Series C round led by Baidu Capital.
China HR software start-up GaiaWorks gets $76m Series D
China-based GaiaWorks, an workforce management software-as-a-service (SaaS) provider, has raised RMB500 million（$76 million) in an extended Series D round led by GGV Capital.