Venture
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Alibaba leads $60 million Series C1 round for Quixey
Alibaba Group has led a Series C1 round of funding worth $60 million for US app search engine Quixey, as the Chinese e-commerce giant continues to ramp up its presence in the US tech sector.
Qiming leads Series A for China medical research, translation provider
Qiming Venture Partners has led a Series A round of funding for MedSci, a Chinese clinical research and academic translation services online platform.
Korean education social network raises $3.2m
Classting, a South Korean social networking site for students and teachers, has raised a KRW3.5 billion ($3.17 million) Series B round of funding led by Partner Investment, a tech-focused PE firm based in Seoul.
Ally Bridge participates in $57m round for US biotech firm
Healthcare-focused GP Ally Bridge has participated in a $57 million round of funding for EndoChoice, a US-based endoscopic imaging specialist, with a view to helping the company to expand in China.
VC-backed Chinese home furnishing site Jia.com raises $160m
Jia.com, a Chinese home furnishing and decoration B2C online platform backed by several VC firms, has completed a Series D round of funding worth $160 million.
Chinese parenting site Lamabang raises $100m
China online retailer Vipshop has led a $100 million Series C round of funding for Lamabang, an online social networking platform that focuses on mothers.
Rocket Internet delivers Series A financing to Bridestory
Rocket Internet has participated in a Series A round of funding for Indonesian online wedding marketplace Bridestory. The size of the investment was not disclosed, but it is said to be between $1 million and $10 million.
IMJ's Koichi Saito launches new VC fund
Koichi Saito, a former partner at Japanese venture capital firm IMJ Investment Partners, has launched his own VC outfit - KK Fund.
Sydney launches financial technology start-up hub
Sydney has launched a hub for financial technology start-ups, supported by initial funding of A$2 million ($1.6 million) from a string of Australian banks, property and technology firms in collaboration with the New South Wales government.
Taiwan’s MediaTek launches $300m corporate VC fund
MediaTek, a leading Taiwanese fabless chipmaker, has launched a $300 million venture fund that will invest in global start-ups.
CIMB, Mitsubishi in $130m first close on SE Asia-focused fund
Malaysian financial services provider CIMB Group and Japan's Mitsubishi Corporation have announced a first close of $130 million on their ASEAN Industrial Growth Fund (AIGF).
Shunwei goes local with RMB fund
It is a classic China dilemma: over the past three years, Shunwei Capital Partners has been forced to pass up on a string of a good deals because the companies wanted renminbi-denominated funding and the venture capital firm only had US dollar funds.
Maverick commits $15m to India adtech start-up
Maverick Capital Venture - the venture capital affiliate of hedge fund Maverick Capital - has led a $15 million round of funding for India and Southeast Asia-focused mobile marketing data platform Vserv.
Alibaba to launch $316m non-profit fund for Taiwan start-ups
Chinese e-commerce giant Alibaba Group has earmarked NT$100 billion ($316 million) for a not-for-profit fund that will be used to boost entrepreneurship among young people in Taiwan.
OTPP commits funding to Singapore mobile platform Garena
Ontario Teachers’ Pension Plan (OTPP) has led a new round of funding for Singapore-headquartered mobile internet and gaming platform Garena. Existing shareholders also participated.
VC-backed Ola acquires smaller rival TaxiForSure
India's largest VC-backed taxi-booking service Ola has acquired its smaller rival TaxiForSure for $200 million in a cash and stock deal.
China’s online drugstore 7LK raises $48m from VCs
Chinese online drugstore 7LK.com has raised RMB300 million ($48 million) in a Series A round of funding from Govtor Capital, Grand Yangtze Capital and TusPark Ventures.
Lightspeed invests $12m in China car after-sales platform
Lightspeed China Partners has committed $12 million to Yikuaixiu.com, a Beijing-based automotive after-sales service platform, in a Series A round of funding.
China’s N5 Capital launches $200m debut VC fund
N5 Capital, a Beijing-based venture capital firm, has launched its debut US dollar-denominated fund.
Indian food ordering service TinyOwl raises $16m
Indian food ordering service TinyOwl has managed to raise a $16 million Series B round of funding led by Matrix Partners. Existing investors Sequoia Capital and Nexus Venture Partners also took part.
India home delivery service Grofers raises $10m
India grocery delivery service Grofers has raised a $10 million Series A round of funding from Tiger Global management and existing investor Sequoia Capital.
LACERA invests $75m in GGV’s top-up fund
Los Angeles County Employees Retirement Association (LACERA) has committed up to $75 million to a new fund launched by Sino-US venture capital firm GGV Capital.
China’s Galaxy Game Entertainment raises $16m
Shanghai Galaxy Game Entertainment, a Chinese mobile games developer, has raised RMB100 million ($16 million) in a Series A round of funding from Shenzhen Oriental Fortune, Shenzhen Green Pine Capital and Shanghai Cultural Industry Fund.
Sequoia leads $4.5m round for Indian interior design start-up HomeLane
Sequoia Capital has led a $4.5 million Series A round of funding for HomeLane, a Bangalore-based interior design company, with participation from Aarin Capital.