seed
China's Innovation Works seeks $250m for Fund III
China-based early-stage investor Innovation Works, which was founded by former Google China head Kai-Fu Lee, is looking to raise $250 million for its third fund.
SAIF principals to form India early-stage fund
Two principals at SAIF Partners, Mukul Singhal and Rohit Jain, have left the company to start an early-stage venture capital fund of their own.
Lightbox commits $5m to Indian online jeweler Melorra
Lightbox Ventures has invested $5 million in Indian online jewelry retailer Melorra.
Japan’s Skyland raises $10m VC fund
Tokyo-based early-stage investor Skyland Ventures has raised JYP1.2 billion ($10 million) for its second VC fund.
Fund focus: Plugging the innovation gap
First State Super teams up with local VC player H2 Ventures to back Australia financial technology start-ups
DBS to support Singapore’s start-up ecosystem
DBS Bank will invest S$10 million ($7 million) over the next five years in initiatives aimed at supporting Singapore start-ups.
Alibaba picks Gobi, CDIB to run HK, Taiwan entrepreneur funds
Alibaba Group has officially launched its entrepreneur funds - worth a collective $450 million - in Hong Kong and Taiwan, picking Gobi Partners and China Development Industrial Bank (CDIB) to manage the vehicles in those respective markets.
Ameba Capital closes second China VC fund at $157m
Ameba Capital, an early-stage VC firm co-founded by former executives from Alibaba Group and Kingsoft, has closed its second renminbi-denominated fund at RMB1 billion ($157 million).
Singapore’s Golden Gate commits $4m to six start-ups
Singapore-based early stage investor Golden Gate Ventures will commit more than $4 million to six Southeast Asian start-ups.
Indonesia's Convergence Ventures agrees partnership with Baidu
Convergence Ventures, an early-stage venture capital firm based in Indonesia, has agreed to a financial and strategic partnership with Chinese search and web services giant Baidu.
AngelList raises $400m from China’s CSC Group
Start-up funding platform AngelList has raised a $400 million early-stage focused fund from CSC Venture Capital, the US arm of private equity firm China Science & Merchants Investment Management Group, also known as CSC Group.
500 Startups to raise Japan seed fund
US-based accelerator 500 Startups has extended its Asia footprint with the launch of a $30 million fund dedicated to early-stage Japanese technology companies.
India's StartupXSeed launches $4.5m venture fund
Indian seed-stage venture investment firm StartupXSeed has launched a VC fund, with an initial corpus of INR300 million ($4.5 million), to invest in Indian technology start-ups.
Philippines targets 500 domestic tech start-ups by 2020
The Philippines government has outlined plans to achieve 500 domestic technology start-ups with a combined valuation of $2 billion by 2020.
IFC to back Jungle Venture's second fund
International Finance Corporation (IFC) will invest up to $10 million in Singapore-based Jungle Ventures' second venture capital fund.
India's IIFL to raise $153 million VC fund
IIFL Wealth Management, the Indian financial services firm backed by Fairfax Holdings and the Carlyle Group, will raise a seed venture fund of up to INR10 billion ($153 million).
China’s Banyan Capital closes second RMB fund at $89m
Chinese venture capital firm Banyan Capital has raised RMB560 million ($89 million) for its second renminbi-denominated fund.
Ex-IDG partners seek $160m for debut China TMT fund
Feng Li and Ben Lin, formerly partners at IDG Capital Partners, are looking to raise RMB1 billion ($160 million) for their debut China venture fund.
Rebright backs Indian logistics firm LetsTransport
Indian last-mile logistics marketplace LetsTransport has raised $1.3 million from Rebright Partners, along with several angel investors.
Golden Gate reaches first close on SE Asia VC fund
Singapore-based Golden Gate Ventures has reached a first close of $35 million on its second Southeast Asia-focused fund, Golden Gate Ventures Fund II.
Orios launches $150m India early-stage fund
Indian VC firm Orios Venture Partners has launched a new $150 million fund to support start-ups in various branches of the technology sector.
China angels: Divine intervention
Angel investors, both unsophisticated amateurs and industry-savvy professionals, are flooding into China’s tech sector in search of stellar returns. Everything looks great as long as the market keeps on going up.
Alibaba launches $161m fund to support mobile app-makers
Alibaba Group has established a RMB1 billion ($161 million) venture capital fund to support third-party mobile app developers.
Taiwan’s Foxconn plans VC fund for Indian start-ups
Taiwanese electronics manufacturer Foxconn Technologies plans to set up an India dedicated venture capital fund and an incubator to support local start-ups.