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IAN, Sequoia swap Jigsee holding for Vuclip stake

Indian Angel Network (IAN) and Sequoia Capital have become shareholders in VC-backed XinLab, which operates under the brand Vuclip, following its acquisition of mobile video start-up Jigsee in an all-stock deal.

AVCJ launches iOS app

Those readers who were around 10 years ago are likely to have stark memories of Severe Acute Respiratory Syndrome, or SARS, the disease that struck fear into Asia's communities and temporarily laid waste to economies. Needless to say, private equity and...

  • GPs
OTPP closes in on Leighton's telecom assets

Australian contractor Leighton Holdings is in exclusive negotiations to sell 70% of its telecom assets Ontario Teachers' Pension Plan (OTPP), for around A$620 million ($634 million).

technology-lightning-storm
China e-commerce: End of the line

Burning through cash and with no public market exit in site, many of China’s e-commerce players are losing the confidence of their investors. New rounds of funding come at depressed valuations – if they come at all

Vogo, KTB-backed LG Siltron withdraws IPO

LG Siltron, a silicon wafer manufacturer owned by LG Group, Vogo Investment and KTB Private Equity, has abandoned plans to raise at least $275 million through an IPO. The company won listing approval on October 31 but decided not to proceed because domestic...

Lightspeed nets $168m for China fund

Lightspeed Venture Partners' China fund has been more than seven years in the making, having been under consideration ever since the GP included an international allocation – Asia and Israel, in addition to the US – in its seventh global vehicle....

bridge-the-gap
Tech crunch: Bridging the Series A gap

On both sides of the Pacific, the venture capital industry is suffering from a dearth in Series A funding. How widespread is the problem and who is most affected?

CVC in largest-ever Philippines buyout - update

CVC Capital Partners has agreed to buy an 80% stake in SPi Global Holdings, a business process outsourcing (BPO) unit of Philippine Long Distance Telephone Company (PLDT), in what is the Philippines' largest-ever buyout deal. The transaction values SPi...

Australia’s Adventure Capital targets $100m VC fund

Australian VC firm Adventure Capital is targeting around $100 million for its debut vehicle. It has already received $20 million in commitments from high net worth individuals – having signed up its first cornerstone investor in late 2010 – and is...

NSR targets exit as India’s Ortel files for IPO

New Silk Route (NSR) is set to exit Indian cable TV provider Ortel Communications with the company planning to raise as much as INR1 billion ($18.7 million) through an IPO. This is the second time Ortel has tried to go public, having pulled out of an...

Lightspeed closes debut China fund at $168m

Lightspeed China Partners has reached a final close of $168 million on its debut China fund, exceeding the target size of $150 million. The fund, which includes an affiliated co-investment vehicle, will target early-stage investments in the internet,...

Kaizen, Bertelsmann invest in online education firm

Kaizen, an education-focused Indian private equity firm, has led a $4 million Series B round investment in Educomp Solution's subsidiary authorGen, which produces online education platform WizIQ. German global media company Bertelsmann has also participated...

Korean couples app raises $3m Series B funding

Korean social media application Between has raised a $3 million Series B funding round from new and existing venture capital players. The proceeds will be used to expand the company's presence outside its home market.

Samsung Ventures invests in Fixmo

Samusung Venture Investment Corp, the venture capital unit of Samsung Group, has invested in Canada's Fixmo, a mobile security solutions firm. Details of the transaction were not disclosed.