Venture
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China’s Kaiwu Capital to raise $150m maiden fund
Kaiwu Capital, a China-based early-stage venture capital firm, is raising its maiden fund with a target size of $150 million.
Qualcomm Ventures backs Dolphin Browser Series B round
Qualcomm's venture capital arm has participated in the Series B funding round of Dolphin Browser, a Chinese-made mobile browser.
Q&A: Globis Capital Partners' Shinichi Takamiya
Shinichi Takamiya, a partner at Japanese VC firm Globis Capital Partners, discusses the prospects for domestic start-ups and how venture investment in Japan stacks up against global counterparts
India regulator pulls plug on ACA PE’s Repco Home deal
The Securities and Exchange Board of India (SEBI) has vetoed ACA Private Equity Trust’s proposed investment into Repco Home Finance because it contravenes the country’s venture capital regulations.
GREE Ventures makes first Southeast Asia investment
GREE Ventures has made its first Southeast Asian investment by leading the Series B funding round in PriceArea.com, a price comparison website in Indonesia. Sony’s So-net Entertainment and East Ventures, a new and an existing investor, respectively,...
GGV raises $625m for Sino-US fund IV
Following its survey of the terms and conditions employed by China-focused venture capital funds, law firm Cooley revealed that more or less every early and mid-stage VC fund it had seen charged a management fee of 2.5%.
JAFCO invests $5m into VC-backed Bubble Motion
JAFCO Asia has invested $5 million in Bubble Motion, a voice blogger service provider backed by venture capital players including Sequoia Capital.
MAVCAP forms alliance with regional partners
VC firm Malaysia Venture Capital Management has agreed a co-investment partnership with three foreign VC firms and another Malaysian company. The foreign firms are located in China, South Korea and the US.
GGV reaches final close at $625m on fourth fund
GGV has reached a final close on its fourth fund at $625 million. The US- and China-focused venture capital firm, formerly known as Granite Global Ventures, has added RMB650 million ($105 million) to the $520 million already raised from US investors.
GE, VC firms to back Australasia cleantech start-ups
General Electric (GE) has teamed up with five venture capital firms in Australia and New Zealand on a $10 million fund that will support the development of clean technology. It is the company’s first ever local “ecoimagination” challenge and entries...
GGV receives commitments of $509m for fund IV
GGV Capital, the US and China-focused venture capital investor, has raised $508.9 million for its fourth fund. In addition to the main fund, the VC firm has attracted $10.8 million for a side vehicle known as GGV Capital IV Entrepreneurs Fund.
VC firm leads $6m App Annie Series B round
App Annie, the service provider of app store analytics and market intelligence for the global app economy, has raised $6 million in Series B financing led by Greycroft Partners. China’s IDG Capital Partners, the lead investor in the previous funding...
IndoUS Ventures backs online furniture retailer
IndoUS Venture Partners has invested $1 million in UrbanLadder.com, an Indian online furniture store run by Bangalore-based Descasa Decor Online. The company will use the capital to enhance its technology and customer service infrastructure.
India Innovation Fund invests in India’s iKen Solutions
India Innovation Fund (IIF) has invested in iKen Solutions, a research spin-off of The Indian Institute of Technology in Bombay. The investment will be used to scale up the company’s execution and commercialization capabilities.
GLOBIS establishes Singapore subsidiary
GLOBIS, the Japanese venture capital firm, has established Globis Singapore, a subsidiary that will provide companies with management training and organizational development solutions.
Mercatus invests in India’s PurpleStream Convergence
PurpleStream Convergence, a Chennai-based video streaming services provider, has raised funding from Mercatus Capital and content producer Hub Media.
Capsquare eyes early-stage Indonesia
There's little doubt that Indonesia is the flavor of the month in private equity circles at present, but questions remain over deal access. Information on private companies is sparse, local relationships rule, entrepreneurs are wary of selling equity...
Taiwan’s PharmaEngine signs Asia deal with VC-backed Nanobiotix
Taiwanese biopharmaceutical company PharmaEngine has agreed to form a strategic partnership with VC-backed Nanobiotix, to hasten the development of one of the French nanomedicine firm’s products.
Australian tech entrepreneurs to create VC fund
A group of Australian technology entrepreneurs have joined forces to create a new venture capital fund, Blackbird Ventures.
Innovation Works raises $148m for fund II, yet to reach close
Innovation Works, the tech incubator started by Google’s former China head Kai-fu Lee, has so raised $148 million for its second fund. Lee confirmed to Sina that fundraising efforts began in April, but didn’t disclose the target size or details of...
INFUSE Ventures launches cleantech incubation program
Indian Fund for Sustainable Energy Ventures (INFUSE Ventures), an early-stage fund focused on sustainable energy and cleantech, has launched a program in the Indian Institute of Management Ahmedabad to foster start-ups that require seed capital.
India’s Vistaar receives $7m from VC players
Bangalore-based small enterprise financing company Vistaar Financial Services has raised INR400 million ($7.1 million) in Series B funding from Lok Capital and Omidyar Network as well as existing investors Elevar Equity and SVB Capital Partners.
Ping An launches $157m venture capital fund
Ping An Insurance, the world's second-largest life insurer by market value, has established a RMB1 billion ($157 million) venture capital fund. It will target sectors including financial services, consumer products, healthcare, automobiles and tech, media...
NTT Investment Partners backs Philippines’ Migo
NTT Investment Partners, the corporate venture capital arm of Nippon Telegraph & Telephone Corp, has committed $2 million to Migo Entertainment, a Philippines-based digital content distributor.