Matrix Partners
Deal focus: OfBusiness helps Indian SMEs find their feet
Creation Investments backs Indian financial technology start-up OfBusiness to meet the financing needs of underserved small businesses
India's OfBusiness gets $29m Series C
OfBusiness, an India-based financial technology company focused on smart financing services has received an INR2 billion ($29 million) Series C funding round led by Creation Investments and Falcon Edge.
China fintech specialist Pintec files for US listing
Pintec Technology, a Chinese financial technology business backed by Ventech China, Xiaomi Ventures, and Matrix Partners China, among others, has filed for a US IPO.
TPG leads $60m Series C for China's Moretickets
TPG Capital has led a $60 million Series C funding round for Moretickets, a Chinese events ticketing platform operator.
YuanMing, Matrix lead $50m round for China's Adlai Nortye
YuanMing Capital and Matrix Partners China have led a Series B round of more than $50 million – denominated in US dollars and renminbi – for Adlai Nortye, a Chinese biopharmaceutical company.
Matrix raises $750m for fifth China VC fund
Matrix Partners China has raised $750 million for its fifth venture capital fund to invest in the technology, cleantech, education, energy, healthcare and financial services sectors in China.
China's Xiaomi set to lead the way on CDRs
Xiaomi, a private equity-backed Chinese smart phone maker that filed for a Hong Kong IPO last month, has become the first company to apply to issue Chinese Depository Receipts (CDRs).
Chinese restaurant services app receives $63m
Mwee.cn, a Chinese restaurant booking app, has raised RMB400 million ($63 million) in the first tranche of a Series D funding round led by Koubei, Alibaba Group’s local services platform, and travel services business Ctrip.
Chinese long-term property rental players get PE funding
Two more Chinese online long-term property rental platforms – Uoko.com and Baletu.com – have received private equity funding as young people opt to rent rather than buy in a climate of high property prices.
Chinese healthcare SaaS platform raises $48m
Taimei Medical Technology, a Chinese cloud-based software provider that serves pharmaceutical companies and clinical research organizations (CROs), has raised RMB300 million ($48 million) in Series D funding.
China’s PE-backed Liepin files for Hong Kong IPO
Wise Talent Information Technology, a PE-backed company that operates Chinese online recruitment services platform Leipin, has filed for a Hong Kong IPO.
PE-backed Sunlands completes $149m US IPO
Private equity-backed Sunlands Online Education ended its first day of trading on the New York Stock Exchange marginally below its IPO price following a $149.5 million offering.
China’s CHJ Automotive raises $474m Series B
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Chinese computer rental start-up gets $32m Series C
Source Code Capital has led a $32 million Series C round of funding for Edianzu, a Chinese start-up that rents out computers and other office equipment to corporate customers.
Orchid leads $65m round for Chinese wedding platform
Hunliji, a China-based online wedding services provider, has raised $65 million in a Series C round of funding led by Orchid Asia Group.
China's PE-backed Ucommune acquires domestic rival
Chinese PE-backed co-working space provider Ucommune, formerly known as UrWork, has acquired domestic industry peer Woo Space.
Matrix backs China consumer-focused genetic testing player
Matrix Partners China has led a RMB100 million ($15.8 million) round for 23Mofang, a Chinese genetic testing services provider.
China electric car maker Xpeng raises $348m
Xpeng Motors, a Chinese electric car manufacturer, has completed a RMB2.2 billion ($348 million) Series B round of funding led by Alibaba Group, Foxconn Technology Group, and IDG Capital.
GLP leads $36m round for China’s Songxiaocai
Warehouse operator Global Logistic Properties (GLP) has led a RMB230 million ($36 million) investment in Songxiaocai, a business-to-business (B2B) platform that provides agricultural wholesale services to Chinese retailers.
Tiger co-leads $20m Series B for India's Razorpay
Tiger Global and Y Combinator have led a $20 million Series B round for India-based online payment gateway Razorpay.
China's LexinFintech makes gains after $108m US IPO
LexinFintech, a VC-backed Chinese financial technology start-up best known for consumer lending platform Fenqile, has traded strongly on NASDAQ following its $108 million IPO.
AVCJ Awards 2017: Deal of the Year - Late Stage Technology: Ofo
Ofo and Mobike dominate China’s bike-sharing industry, having raised billions in funding. Investors in Ofo believe they are backing the more sustainable model
Deal focus: The flair apparent
Gaja Capital’s investment in Chumbak Design aims to leverage an emerging sub-trend in India’s growing consumer space where style-conscious millennials are making their mark
B Capital leads round for India's Mswipe
Indian financial technology company Mswipe has closed a $40 million Series D funding round led by B Capital Group.