Venture
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CBay Systems founder moves into venture capital
V. Raman Kumar, the founder of CBay Systems, is setting up two venture capital funds targeting the domestic and international markets. The size of funds will be INR1 billion ($18 million) and INR2.5 billion, respectively.
Secura launches second Shariah compliant VC fund
Secura Investment Management, part of the Hi LITE group, has launched its second India-focused Shariah compliant venture capital fund with a size of INR500 million ($9 million).
VC-backed Happiest Minds targets IPO by 2019
Happiest Minds Technologies, an Indian cloud-based services provider backed by Canaan Partners and Intel Capital, is targeting an IPO by 2019.
VCs channel $25m into China’s Innovent Biologics
Innovent Biologics, a China-based manufacturer of monoclonal antibodies, has raised $25 million in Series B financing from Lilly Asia Ventures, the VC arm of global pharmaceutical company Eli Lilly, and existing investors Fidelity Biosciences and Fidelity...
Pension plans unsure about VC commitments
North American pension plans are exhibiting mixed feelings towards venture capital funds – some find GPs that were once refused to take meetings are now opening up to a wider range of investors while others are backing off from the asset class, blaming...
SingTel Inov8 leads Series D round in mobile video firm Vuclip
SingTel Inov8, the venture capital arm of Singapore telecom giant SingTel, has led a $13 million round of series D funding in mobile video firm Vuclip.
LionRock leads $11m round for Chinese casual dining chain
LionRock Capital has led an $11.5 million Series C funding round for YPX Cayman Holdings, which operates the Cloud 9 casual dining chain in China. Existing investors Qiming Venture Partners and Ignition Capital also participated.
Bamboo Finance buys controlling interest in microfinance fund
Bamboo Finance, the Luxemburg-based social investment firm with a strong focus on Asia, has acquired a controlling interest in specialist private equity fund Accion Investments in Microfinance for $105 million.
Investors give prognosis for healthcare investment in Asia - AVCJ Forum
Despite regulatory hurdles and a waning IPO market, the healthcare care sector is an increasingly attractive area of investment for venture capitalists.
China's innovative entrepreneurs are chasing Silicon Valley - AVCJ Forum
China’s venture capital industry may not yet be ready to rival Silicon Valley, but companies are still exhibiting strong growth and, in certain cases, pursuing business models as innovative as those found in the US.
SEBI settles charges against power sector VC fund
The Securities and Exchange Board of India (SEBI) has agreed to a INR3.7 million ($69,000) settlement against power sector venture capital fund Small is Beautiful for its alleged violation of venture capital investment regulations.
India mobile payment firm raises Series A round
Mobile payments company Ezetap Mobile Solution has raised a Series A round of funding from Silicon Valley-based venture capital firm Social+Capital Partnership, PayPal’s Peter Thiel and David Sacks of Microsoft, among others. Existing investor AngelPrime...
Australian's Verde targets $52m VC fund
Australian venture capital firm Verde is seeking to raise A$50 million ($52 million) for a fund that will focus on bringing technology to market. It will concentrate on innovations in the medical, defense and technology sectors.
South Korea VC: State subsidies
South Korea’s venture capital industry is the fourth-largest in the world thanks to generous government support. But is this support helping or hindering the development of self-sustaining investment ecosystem?
Japan's CyberAgent invests in Taiwanese start-up
CyberAgent Ventures has invested $500,000 in Polydice, the Taiwanese start-up behind recipe-themed social network iCook.tw
Profile: Founders Fund's Bruce Gibney
Founders Fund Partner Bruce Gibney became a multi-millionaire by investing in PayPal while still at university. He was later involved in the first angel investment made in Facebook
Japan's NTT DoCoMo to set up $125m venture fund
Japanese mobile giant NTT DoCoMo is to set up a venture fund and incubation program targeting mobile business models and technologies.
Dhingana raises $7m in Series B funding from VC players
Lightspeed Venture Partners has led a $7 million Series B funding round for Dhingana, a Indian social music streaming site. Existing investors Inventus Capital Partners and Helion Venture Partners also participated.
Mumbai Angels to launch $20m sidecar fund
Mumbai Angels, an Indian investment firm focusing on early stage companies, is to launch a maiden sidecar fund of INR1 billion ($20 million) next month.
Shanghai VC firm launches JV with MicuRx Pharma
Shanghai Zhangjiang Biomedical Industry Venture Capital has formed a joint venture with MicuRx Pharma, a Sino-US bio-pharmaceutical company, to support the development and commercialization of antibiotic MRX-I for the Chinese market.
DCM exits game developer Pokelabo to GREE
DCM has generated a 6x money multiple on its investment in social mobile game developer Pokelabo after the company was sold to Japanese media giant GREE for $175 million.
Mayfield backs Indian Incubator AngelPrime
Mayfield Fund will take a majority interest in AngelPrime, a Bangalore-based incubator. The investment will be used to support operations as well as seed capital for companies that AngelPrime plans to incubate over the next three years.
Asia’s untapped VC market
Southeast Asia has potential as a venture capital market, but fragmentation and the absence of large, self-sustaining entrepreneur communities are obstacles to growth
Matrix, Lightspeed invest $5m in India's LimeRoad
Matrix Partners and Lightspeed Venture Partners have invested $5 million in Series A funding for LimeRoad.com, a social commerce site aimed at women in India.