Venture
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IDG leads $100m Series B round for China online grocery
IDG Capital has led a $100 million Series B round of investment for Chinese online grocery store Womai.com. Existing investor SAIF Partners also participated.
Japan VCs invest $3m in Tokyo tech boot camp
Life is Tech, a Tokyo-based IT boot camp program for elementary and junior high school students, has raised JPY310 million (about $3 million) from Japanese investors Jafco, Mistletoe, KCJ Group, DeNA and Recruit Holdings.
US game firm Kabam attracts $120m from Alibaba
China e-commrce giant Alibaba Group is investing $120 million in US venture capital-backed gaming company Kabam. The investment is understood to value the company at over $1 billion.
Qualcomm backs India's Portea Medical
Qualcomm Ventures, the venture investment unit of US chip-maker Qualcomm, has invested in India's Portea Medical, a provider of in-home healthcare services. The financial details of the transaction were not disclosed.
Japan game publisher 3rdKind raises $1m from VCs
Nippon Venture Capital (NVCC), early stage investor Global Brain Corp., and Japanese internet firm Adways have together invested $1 million in mobile games publisher 3rdKind.
Human Resources: Hiring for growth
When building the next Baidu or Facebook, finding the right team is as important as raising the next round of capital, if not more so. Early-stage investors can play an active role in the process.
Baidu turns to Wanxue for education content
When Chinese search engine Baidu originally reached out to Wanxue Education Technology, it didn't envisage becoming a financial investor in the company. Rather, Baidu was looking for quality content to improve its existing education platform Jiaoyu Baidu...
India's Flipkart raises a record $1b from VC backers
Indian e-commerce firm Flipkart has raised $1 billion from new and existing backers in what is one of the biggest funding rounds raised by an e-commerce company globally and the single largest round by an internet company in the country.
Arbor leads $3.3m Series A round for Japan e-payments service
Arbor Ventures has led a $3.3 million Series A round for Exchange Corporation (ExCo), the Japanese start-up behind e-commerce payment and instant credit service Paidy, with participation from CyberAgent Ventures and Recruit Strategic Partners. Exisiting...
Inventus, IDG lead $2m Series A for India's Peel-works
Inventus Capital Partners and IDG Ventures India have led a $2 million Series A round of funding for Peel-works, a Mumbai-based software as a service (SaaS) and big data analytics firm.
Apis Partners to launch Asia, Africa fintech fund
Newly-created private equity firm Apis Partners has launched its first growth capital fund targeting financial technology (fintech) investments in Asia and Africa.
Chinese big data platform raises $25m Series C round
Baifendian, a Chinese data analytics start-up, has raised a $25 million Series C round of financing. Details of investors were not disclosed.
Sequoia, Mayfield lead $16m investment in India’s Knowlarity
Sequoia Capital and Mayfield Advisors have invested $16 million in India's Knowlarity Communications, a cloud telephony and call handling solutions provider.
Government funds back Chinese P2P platform Huaguo
The government-backed Blue Economy Zone Industry Fund (Blue Fund) and Capital Science and Technology Group, the private equity arm of the Beijing local government, have led a Series A round of funding for Chinese peer-to-peer (P2P) lending platform Huaguo...
Global Brain, others lead $4m Series C round for Japan photo app
Japanese early stage investor Global Brain Corp. has joined Energy and Environment Investment and publishing firm Kodansha to invest JPY400 million (about $4 million) in Toyko-based Mind Palette, the start-up behind fashion-focused photo sharing app Snapeee.
SAIF Partners leads $15m round for US monetization platform
SAIF Partners has led a $15 million Series B round of funding for Supersonic, a mobile app monetization firm based in San Francisco.
Temasek’s Pavilion Capital leads $60m round for Rong360
Temasek Holdings’ Pavilion Capital has led a $60 million Series C round of funding for Rong360, a Chinese online search for loan products.
Founders Fund, Shasta Ventures back Australia's Canva
Founders Fund and Shasta Ventures have led a $3.6 million round of funding for Canva, an Australian website that allows amateur designers to create polished web graphics using drag-and-drop tools.
Hao, DCM, Baidu provide Series C for Beijing Wanxue Education
Hao Capital, DCM and Baidu have invested in a Series C round of funding for Beijing Wanxue Education, a Chinese online education service provider.
Helion leads Series A for mobile workplace provider
India’s Helion Venture Partners has led a $6.5 million Series A round of funding for Workspot, a cloud-based administration platform that allows users to access business applications and data via mobile devices.
Chinese education site Yuantiku raises $15m
Yuantiku, a Chinese online education platform, has raised $15 million in a Series C round of funding from existing investors IDG Capital Partners and Matrix Partners.
Gobi, CBC commit $8m in China KeyTone Cloud
Gobi Partners and China Broadband Capital CBC) have co-led a RMB50 million ($8 million) Series A round of funding for in KeyTone Cloud, a Chinese cloud computing platform.
Norwest backs Capillary retail solution
Buy anything online today and there is a good chance the seller not only knows what you bought, but who you are, where you are and what you like. E-commerce firms can now mine a wealth of information on their customers; traditional brick-and-mortar retailers,...
Vision Knight bets big on property site
Vision Knight Capital expects massive growth in three segments of China’s e-commerce market over the next three years – property, autos and home decorating. Hence the private equity firm’s willingness to provide the largest portion of a $80 million...