Venture
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Deal focus: Q&A start-up Xueba to enter the classroom
Chinese education app provider Xueba raises a $100 million Series C round as it looks to monetize its user base through one-to-one tuition and in-classroom services
Australia's CEFC, Southern Cross Venture back GreenSync
GreenSync, an Australian company that has developed smart software for use in electricity grids, has raised A$11.5 million ($8.7 million) in Series B funding from Clean Energy Finance Corporation (CEFC) and Southern Cross Venture Partners.
Taiwan’s Foxconn invests in PE-backed Mobike
Taiwan-based Foxconn Technology Group has made a strategic investment in Mobike, a Chinese bike rental service start-up backed by several PE investors including Warburg Pincus.
China VCs lead $100m round for local education app Xueba
China Merchants Capital and Grand Fight Investment have co-led a $100 million Series C round of funding for Xueba, a Chinese education app that helps students understand homework exercises.
Australia SaaS start-up Deputy gets $25m from OpenView
US-based VC investor OpenView has committed $25 million in Series A funding to Australian workforce management software developer Deputy.
China online grocery retailer Miss Fresh gets $100m Series C
Chinese online grocery retailer Miss Fresh has raised $100 million in a Series C round of funding jointly led by Lenovo Capital and Zheshang Venture Capital.
China VC-backed UrWork completes $58m Series B
China VC-backed UrWork, a co-working space provider for start-ups, has raised a RMB400 million ($58 million) Series B round of funding at a post-money valuation of about $1 billion.
Fosun agrees strategic partnership with India’s Iron Pillar
Chinese conglomerate Fosun International has entered a strategic partnership with Iron Pillar, an India-based VC firm focused on mid-stage technology companies, to make co-investments in India.
China's Shiji acquires VC-backed analytics start-up
Beijing Shiji Information Technology, a big data services provider for hotels, has acquired a majority stake in US-based ReviewPro, a VC-backed company with a suite of complementary products.
China AI start-up Moran Cognitive raises $10m from VCs
Moran Cognitive Technology, a China-based artificial intelligence (AI) start-up, has received $10 million in a funding round co-led by Matrix Partners China and Source Code Capital.
China’s CreditEase reaches $32m first close on Israel VC fund
Chinese asset manager CreditEase Wealth Management has reached a first close of $32.2 million on its second Israel-focused venture capital fund.
China used car trading platform Uxin raises $500m
Chinese used car trading platform Uxin has raised $500 million in a new round of funding led by TPG Growth, Jeneration Capital and China Vision Capital.
India's Unacademy raises $4.4m Series A round
Blume Ventures and Nexus Venture Partners have led a INR300 million ($4.4 million) Series A round of funding for Indian free-to-use learning platform operator Unacademy.
Tencent leads $40m round for China CRM platform Xiaoshouyi
Xiaoshouyi, a China VC-backed customer relationships management (CRM) platform, has raised a RMB280 million ($40 million) Series D round of funding led by Tencent Holdings.
Capital Today leads $100m round for China Q&A platform Zhihu
Capital Today has led a $100 million Series D round of funding for Zhihu, a Chinese question-and-answer platform similar to US-based Quora.
Singapore's Marvelstone launches venture arm
Singapore-based private investment group Marvelstone has launched a venture capital arm that will focus on companies developing smart city technologies.
East Ventures raises $27.5m for SE Asia fund
Singapore-based East Ventures has raised $27.5 million for a fund that will invest in early-stage technology companies in Southeast Asia.
India's university incubators: Learning curve
Campus incubators intended to channel entrepreneurial talent at Indian universities into competitive start-ups have a patchy track record. VC investors must consider what this means for early-stage deal flow
China’s Xianghe Capital leads $30m Series B for Lalamove
Hong Kong-based delivery start-up Lalamove has raised a $30 million Series B round of funding led by Xianghe Capital, a China-focused VC fund set by a former Baidu executive.
China cloud computing player EasyStack raises $50m
EasyStack, a Beijing-based cloud platform and services provider, has completed a $50 million Series C round of funding led by CASH Capital.
Tiantu leads $36m round for China comic site
China consumer-focused GP Tiantu Capital has led a RMB250 million ($36 million) Series C round of funding for Kuaikan Comic, a mobile app designed for reading comic books.
IDG sees 15 start-ups achieve unicorn status in 2016
Fifteen start-ups backed by IDG Capital Partners achieved valuations of $1 billion or more in 2016, taking the total number of unicorns in the China-focused VC firm’s portfolio to 26 over the past 12 years.
Australia's Future Fund backs US data protection start-up
Australia’s Future Fund has participated in a $45 million Series C round of funding for US-based data protection company Bitglass, joining existing investors such as Singapore’s Singtel Innov8.
China auto financing platform Chedai gets $52m Series B
Chinese automotive financing platform Chedai.com has raised a RMB360 million ($52 million) Series B round of funding led by domestic PE fund managers You Jin Capital and Addor Capital.