Venture
Insight Venture backs Singapore's Wealth-X
US-based Insight Venture Partners has invested in Singapore's Wealth-X, a start-up offering sales, marketing, and compliance solutions to clients targeting ultra high net worth individuals (UHNWI).
India early stage: Sowing seeds
India’s young demographic and growing mobile adoption is an opportunity waiting to be tapped for early-stage investors. Industry incumbents are making the most of it, but there is room for more
News Corp invests in PE-backed India property platform
News Corp has paid $30 million for a 25% stake in the parent of PropTiger.com, an India-based online property marketing platform backed by SAIF Partners and Accel Partners.
Fidelity commits $10m to China medical device maker Eyebright
Fidelity Growth Partners Asia and Fidelity Biosciences have committed RMB62.5 million ($10 million) to Eyebright Medical Technology, a Chinese ophthalmic medical devices manufacturer.
Rakuten leads $10m Series A for Singapore's PocketMath
Rakuten Ventures, a corporate VC arm of Japanese e-commerce giant Rakuten, has led a $10 million Series A round for PocketMath, a Singapore-based mobile advertising platform.
Convergence Accel launches $25m Indonesia VC fund
Jakarta-based VC firm Convergence Accel has launched a $25 million debut fund that will invest in Indonesian early-stage technology companies.
SAIF India set for $350m final close on second fund
SAIF India has raised $350 million for its second fund since spinning out from SAIF Partners in 2011. The vehicle is oversubscribed and a final close is scheduled for early December.
Sequoia leads $20m Series B round for China's HunterOn
Sequoia Capital has led a $20 million Series B round of funding for HunterOn, a Chinese online recruitment service provider, with participation from IDG Capital Partners.
Japan VC-backed internet firm Kayac files for IPO
Kayac, a Japanese internet company backed by Globis Capital Partners and CyberAgent, has filed for its IPO on the Mothers (market of the high-growth and emerging stocks) section of the Tokyo Stock Exchange (TSE).
VCs commit $60m to India restaurant listings site Zomato
Zomato, a restaurant search service based in India, has raised a Series E round of funding worth $60 million from Vy Capital and existing backers Info Edge and Sequoia Capital.
Xiaomi, Shunwei to invest $300m in Baidu-controlled iQiyi
Chinese smart phone maker Xiaomi and Shunwei Capital – a VC firm set up by Xiaomi co-founder and super angel investor Lei Jun – will invest $300 million in iQiyi, a video platform owned by Baidu.
Australia's Bigcommerce gets $50m growth equity round
SoftBank Capital, Telstra Ventures and American Express have led a Series D round of funding worth $50 million for Bigcommerce, an Australian e-commerce platform with a strong presence in the US. Existing investors General Catalyst and Revolution Growth...
VC-backed eHi Car Services raises $120m in US IPO
EHi Car Services, a Shanghai-based car rental company backed by a string of VC investors, has raised $120 million through an IPO on the New York Stock Exchange (NYSE).
Australia's VC-backed Campaign Monitor in US bolt-on acquisition
Australia's Campaign Monitor, an email marketing software developer backed by Insight Venture Partners and SalesForce, has acquired US survey software developer GetFeedback.
Jafco invests $1.2m in Japan's Interactive Solutions
Jafco Ventures has invested JPY150 million ($1.2 million) in Interactive Solutions, the Tokyo-based start-up behind enterprise marketing and productivity app Interactive-Pro.
Bubble talk: VC valuations
In Beijing and Silicon Valley, there is cause for concern at the flood of capital entering the technology space. It draws comparisons with the dotcom bubble era – but VCs at the AVCJ Forum were keen to play down the similarities.
VC-backed Japanese gaming start-up files for Tokyo IPO
Gumi, the VC-backed Japanese game developer, has filed for its Tokyo IPO, which could value the company at JPY100 billion ($900 million).
Vertex leads $30m round for Chinese e-commerce site Metao
Vertex Ventures has led a $30 million round of funding for Metao, a Chinese cross-border e-commerce platform, with participation from Morningside Technologies, Greenwoods Investment and Matrix Partners.
China's Alipay, VC back mobile tech specialist V-Key
Alibaba Group’s online payment platform Alipay and IPV Capital have invested $12 million in a Series B round for V-key, a Singapore and US-based start-up specializing in mobile security and cryptography.
Hillhouse, CITIC PE commit $75m to Chinese cancer drug developer
Hillhouse Capital and CITIC Private Equity have participated in a RMB450 million ($75 million) round of funding for BeiGene, a Chinese company that develops drugs to combat cancer.
Tencent, Line invest $110m in South Korean game developer
Chinese internet company Tencent Holdings and Japanese messaging app Line Corp. have invested $110 million in 4:33 Creative Labs, a South Korean, VC-backed mobile games developer.
VCs cast doubt on dotcom era comparisons - AVCJ Forum
Venture capital investors played down comparisons between the current soaring valuations in the technology space and the dotcom bubble era.
Taiwan VC: Captive element
Taiwanese corporations are launching captive VC units to invest in technologies that can update their product offerings. The new source of funding is welcome in the absence of independent VCs, but is it a panacea?
VCs worried but enthused by frothy China tech sector - AVCJ Forum
The flood of capital entering China’s technology space is a concern for VC investors, but they remain firm believers in the emerging generation of mobile-enabled consumers that is driving interest in the sector.