Vertex Ventures
Riverwood leads $200m Series D for SE Asia payments player Nium
Riverwood Capital has led a $200 million Series D round for Singapore-based cross-border payments technology provider Nium at an approximately $1 billion valuation.
China petcare brand raises $31m
Chongxing, a Chinese petcare brand, has raised RMB200 million ($31 million) in a third tranche of Series B funding from Tencent Holdings, Hony Capital, HighLight Capital, Vertex Ventures China, and Meridian Capital.
Hong Kong sees rush of VC-backed biotech IPO filings
Five VC-backed pre-revenue Chinese biotech companies have filed to list in Hong Kong over the past two weeks, doubling the size of the IPO pipeline in this category.
China beauty: Service with a smile
Beauty and wellness are at the vanguard of China’s fast-rising services sector. Investors see clear paths to growth, but size presents a plethora of problems in terms of standardizing service quality
Deal focus: Neiwai realizes value offline
Vertex Ventures China was adamant that Neiwai should expand offline on leading a Series B for the lingerie brand in 2017. Four years and two rounds later, the strategy is paying off
Carlyle leads $100m Series D for Chinese lingerie brand
Chinese lingerie brand Neiwai has raised a $100 million Series D round led by The Carlyle Group. Vertex Ventures China and Qiming Venture Partners re-upped.
Temasek, Multiples lead $192m Series F for India's Licious
Temasek Holdings and Multiples Alternate Asset Management have led a $192 million Series F funding round for Licious, an India-based online retailer specializing in fresh meat and seafood.
Indonesia’s TaniHub secures $65.5m Series B
TaniHub, a platform that connects farmers with customers and other agriculture industry suppliers, has closed a $65.5 million Series B round led by MDI Ventures.
Southeast Asia's Grab to merge with SPAC at $30.4b valuation
Southeast Asia-focused ride hailing and local services platform Grab has agreed to go public in the US through a merger with a special purpose acquisition vehicle (SPAC) at an enterprise valuation of $30.4 billion.
Singapore’s PatSnap raises $300m Series E
Singapore and UK-based market intelligence and analytics provider PatSnap has raised a $300 million Series E round led by SoftBank Vision Fund II and Tencent Holdings.
China’s Regor Therapeutics raises $90m Series B
Lilly Asia Ventures (LAV) has led a $90 million Series B round for Regor Therapeutics, a Chinese drug developer specializing in bioinformatics.
Chinese virotherapy specialist Binhui Biotech raises $93m
Wuhan-based Binhui Biotech has raised RMB600 million ($93 million) in Series C funding led by Shenzhen-based Share Capital. Other investors include CICC Capital, Vertex Ventures China and Qianhai FOF under Shenzhen Capital Group.
China robotics: Automation nation
China is a global leader in robot manufacturing, but only in areas characterized by high volumes and low technology value. Can more start-ups climb from medium-tech to hard-tech?
Chinese medical robot maker raises $93m
Edge Medical, a China-based manufacturer of surgical robots, has raised a RMB600m ($93m) series B round led by Lyfe Capital and Hong Kong-listed Kangji Medical.
PE-backed Harbour BioMed raises $221m in Hong Kong IPO
Harbour BioMed, a Chinese drug developer backed by the likes of Advantech Capital, Legend Capital and GIC, raised HK$1.71 billion ($221 million) through a Hong Kong IPO.
Asia VC: Vertex's evolving early-stage network
Vertex Holdings’ Chua Kee-Lock likens his network of VC funds seeded by the Temasek-owned entity as a distributed computer system. It will draw down more power as it grows
China logistics robot specialist raises $200m Series C
Geek+, a manufacturer of robots used to move merchandise around warehouses, has closed a Series C funding round, having raised $200 million across two tranches.
Vertex leads $26.5m Series D for Taiwan’s M17
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has led a $26.5 million Series D round for Taiwan-based media streaming company M17 Entertainment.
Chinese oatmeal brand Wangbaobao gets $14m Series B
Chinese oatmeal brand Wangbaobao has raised approximately RMB100 million ($14 million) in a Series B round led by consumer-focused BA Capital. Existing investors Source Code Capital, Vertex Ventures and Decent Capital re-upped.
Matrix, CICC back Chinese optical chip pioneer
Lightelligence, a US and China-based manufacturer of optical chips, has raised a $26 million Series A round led by Matrix Partners China and China International Capital Corporation (CICC).
Vertex leads $10m round for Indian data services firm
Hasura, a software-as-a-service firm that helps companies improve the data delivery process, has raised $9.9 million in a Series A round led by Vertex Ventures.