Venture
Northern Light VC closes third USD fund at $400m
China-focused early-stage investor Northern Light Venture Capital (NLVC) has closed its third US dollar fund, together with its parallel funds, at $400 million.
SAP Ventures backs Indian internet services firm One97
SAP Ventures has committed $10 million to One97 Communications, a mobile internet services firm that delivers content and advertising services to customers including Airtel, Vodafone, Coca-Cola, Nestle and Samsung.
Contour Energy gets Asia PE backing for battery development
California-based next-generation battery developer Contour Energy Systems has closed a more than $20 million Series C round of financing led Singapore-based EDBI. CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners, along with new investor...
PE-backed Affle gets $10m from Japan's D2 Communications
Japanese mobile advertising company D2 Communications (D2C) has invested more than $10 million in Singapore-headquartered Asian mobile media firm Affle. It joins existing backers Microsoft, Itochu Corp., Bennett Coleman & Company and Centurion Private...
Accel nears close of $150m early-stage India fund
Accel Partners is reportedly on track to raise its first India-dedicated fund - a $150 million early-stage investment vehicle – and is expected to announce a close in the coming weeks.
Mobeam gets venture capital from Asian, US funds
Mobile coupon and scanning technology developer Mobeam has closed a $4.9 million Series A venture round from Samsung Ventures, the investment arm of Korean tech giant Samsung, Mitsui, a Japanese corporate conglomerate, and US-based yet2Ventures.
Intel Capital invests $20m in Indian tech companies
Intel Capital has invested $20 million in six Indian companies, including semiconductor company Saankhya Labs and Testing Czars, a mobile application provider.
MLC Private Equity invests in search engine Blekko.com
MLC Private Equity, a division of the National Australia Bank, has participated in a $30 million round of funding for search engine Blekko.com, alongside the likes of Russian internet company Yandex.
VC-backed Newsummit in $100m JV with US biomed fund
Sequoia-backed Newsummit Pharmaceutical Group, a biomed developer based in Shanghai, has partnered with Cleveland Bio Fund (CBF) to launch a $100 million vehicle to invest in American medical device companies.
Submit your nominations for the 2011 AVCJ Awards
Diligent readers will recall that we’ve first announced in the August 30 issue of AVCJ that nominations for our 2011 AVCJ Asian Private Equity & Venture Capital Awards are open – to readers as well as the rest of the private equity industry.
Chinese luxury goods website raises seed round of financing
Parkview Ventures and Mousse Partners have participated in the seed round of financing for Chinese e-commerce company Hui She Shang, also known as The Luxury Club. The company offers Chinese consumers authentic and brand-authorized luxury goods – including...
Hiroyuki Watanabe to launch tech-focused venture fund
Former general manager of internet services firm NGI Group Hiroyuki Watanabe has spun out to launch a maiden venture fund.
Accel cancels plans for $400m India fund - report
Silicon Valley-based VC firm Accel Partners will not raise a $400 million India-focused fund as previously planned, The Times of India reported, citing unstable market conditions and increased competition as reasons for the decision.