Venture

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Korea's AmorePacific leads pharma firm's Series B round

AmorePacific Ventures, the VC arm of Korea's largest cosmetics group, has led a $7 million Series B round of investment in Miami-based Brickell Biotech, a pharma firm specializing in skin conditions. Further details of the deal were not disclosed.

Helion provides Series A round for India’s Lifecell

Helion Venture Partners has committed INR350 million ($6.5 million) to a Series A round of funding for LifeCell International, India’s first and largest stem cell banking company. The capital will be used to expand LifeCell’s domestic presence and...

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

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?

Australia’s Telstra loses VC unit founder

Deena Shiff, managing director of Telstra’s captive VC unit, has resigned her post to focus on a non-executive career and directorships. She remains as an advisor to the firm and as a board director for investee companies.

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...

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...

Norwest invests $11m in India's Perfint Healthcare

Norwest Venture Partners has invested $11 million in Indian medical technology company Perfint Healthcare as part of a Series D round of funding. Norwest previously invested $7.2 million in the Chennai-based company in 2010.

DCM invests in Chinese game developer Cmune

DCM has provided an undisclosed amount in Series A funding to Cmune, a China-based developer of 3D social games. The company is best known for UberStrike, which claims to the most popular first-person-shooter game on Facebook with 1.4 million monthly...