SaaS
China SaaS: Path to profitability
COVID-19 has driven enterprise uptake of software-as-a-service solutions in China, but paying customers are still relatively few. Other markets offer some pointers on monetization
Deal focus: Investors flock to SaaS specialist Ones
China’s Ones aspires to become Atlassian rather than Slack, catering to software developers working on complicated projects. Effective localization is partly responsible for a surge in VC investment
India's Freshworks flourishes on NASDAQ debut
Freshworks, one of India's leading software-as-a-service (SaaS) businesses, traded strongly on its NASDAQ debut following a $1 billion IPO.
India's FreshWorks targets $912m US IPO
Freshworks, which earlier this year lost its status as India’s most valuable software-as-a-service (SaaS) start-up, is looking to raise up to $912 million through a US IPO.
Warburg Pincus leads $93m round for China's Terminus
Warburg Pincus has led a RMB600 million ($93 million) Series B round for Hangzhou-based enterprise software company Terminus.
India media SaaS platform Amagi raises $100m
Accel Partners, Avataar Ventures, Norwest Venture Partners, and Premji Invest, have committed $100 million in funding to Amagi, an India-based software-as-a-service (SaaS) platform aimed at TV broadcasters.
China's Future Capital closes debut growth fund
Chinese early-stage tech investor Future Capital has broadened its scope with the closing of its first growth fund at $108 million.
KKR leads Series B for Vietnam MSME digitalization platform
KKR has led a $45 million Series B funding round for KiotViet, a sales management software developer that serves Vietnam’s micro, small and medium-sized enterprise (MSME) community.
Deal focus: Ekuaibao's PaaS plus SaaS proposition
China-based reimbursement platform Ekuaibao has ambitions to lead the digital transformation of corporate finance. Early investor Future Capital continues to re-up as the story unfolds
VCs commit $55m to China CRM player Xiaoke
Xiaoke, a China-based provider of customer relationship management (CRM) software, has raised $55 million in a Series A funding round from Hong Kong-listed Weimob, Sequoia Capital China, Welight Capital, and Creo Capital.
SoftBank leads $154m Series D for China's Ekuaibao
Ekuaibao, a Chinese software-as-a-service (SaaS) provider specializing in corporate reimbursements, has raised RMB1 billion ($155 million) in Series D funding led by SoftBank Vision Fund 2.
Postman becomes India's top SaaS unicorn
Software-as-a-service (SaaS) provider Postman has closed a $225 million Series D round at a valuation of $5.6 billion, making it the most valuable start-up of its kind in India.
Affinity exits Australia healthcare software business
Affinity Equity Partners has agreed to sell MedicalDirector, an Australia-based clinic management software developer, to Telstra Health for an enterprise valuation of A$350 million ($257 million).
EQT pursues $2.2b Australia software take-private
Iress, an Australia-listed software developer that serves the financial services sector, has invited EQT to conduct further due diligence following receipt of a take-private offer worth up to A$3 billion ($2.2 billion).
TDM, Sequoia lead Series F for Australia's Culture Amp
Culture Amp, an Australia-headquartered enterprise technology provider specializing in human resources (HR), has $100 million in Series F funding at a valuation of $1.5 billion.
Taiwan video SaaS start-up raises $16m Series B
Kdan Mobile Software, a Taiwanese software-as-a-service company focused on corporate video and design services, has raised a $16 million Series B round featuring WI Harper Group.
Vision Fund commits $1.7b to Korean travel start-up Yanolja
Yanolja, which claims to be South Korea’s only travel industry unicorn, has received $1.7 billion from SoftBank Vision Fund 2. There are no other investors in the round.
Deal focus: Investcorp bides its time with Linkedcare
The GP spent six months scrutinizing China’s Linkedcare prior to leading a $70 million round, confident that its global insights into software, healthcare, and supply chains were key differentiators
2Q analysis: Trouble in China
Efforts to rein in China’s technology giants have dampened investor sentiment, with India and Southeast Asia stepping into the void. China remains active for fundraising, but there are fears that US IPO activity could take a hit
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 VCs bullish on SaaS - AVCJ webinar
Software-as-a-service (Saas) has emerged as the biggest investment opportunity in China's technology sector, venture capitalists told AVCJ's China outlook webinar.
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
India-founded SaaS start-up BrowserStack raises $200m
KPCB growth-stage spinout Bond has led a $200 million Series B round for BrowserStack, a software testing platform established by two Indian entrepreneurs.