News
Forebright raises $502m for third China fund
China-focused Forebright Capital has closed its third fund with USD 502m in commitments. The manager claimed to have spent about a year in the market.
IFM backs Australian property technology player
IFM Investors has committed AUD 50m (USD 32m) to Smart Urban Properties Australia (SUPA), which claims to be the country’s first unified services provider of utilities and communications infrastructure.
Japan's PowerX raises $32m Series B
PowerX, a Japanese start-up developing a “battery tanker” for shipping stored renewable electricity across oceans, has raised a USD 32m Series B round featuring US-based Translink Capital.
Japan VCs back $100m round for local impact investor Gojo
Japanese impact investor and microfinance institution Gojo & Company has secured a USD 100m Series E from a group of local VC investors including Global Brain and Globis Capital Partners.
TPG, Temasek add $80 to India's Dr Agarwal's
TPG Growth and Temasek Holdings are funding a USD 80m expansion drive for existing investee Dr Agarwal’s Eye Hospital that will see the Indian eyecare chain double its footprint to 300 hospitals.
Japan's Integral files for IPO
Japanese private equity firm Integral Corporation has been approved to go public on the Tokyo Stock Exchange via an IPO that could raise up to JPY 29.3bn (USD 201m).
CITIC, Goldstone invest $137m in China solar supplier
CITIC Securities and Goldstone Investment have led a CNY 1bn (USD 137 m) Series A round for China-based solar panel mounting equipment maker Guoqiang Singsun Energy.
Vietnam's VinFast completes SPAC merger, sees volatile trading debut
Vietnam-based electric vehicle (EV) manufacturer VinFast saw its stock climb 287% and then fall back by 47% during the first two days of trading following one of the largest mergers to date with a US-listed special purpose acquisition company (SPAC).
China's Runpeng Semiconductor raises $1.7b
Runpeng Semiconductor, a Shenzhen-based subsidiary of Shanghai-listed China Resources Microelectronics, is set to raise CNY 12.6bn (USD 1.7bn) from several state investors.
China Evergrande's EV unit raises $500m
Evergrande New Energy Vehicle (NEV), the electric vehicle (EV) unit of defaulted property developer China Evergrande, has raised USD 500m from Dubai-based carmaker NWTN.
Mirae Asset acquires majority stake in Australia's Stockspot
Mirae Asset Global Investments has invested about USD 17m in a 53% stake in Stockspot, Australia’s largest robo-advisory.
CLP leads $21m Series B for China's Venturous Group
Venturous Group, a Chinese smart city platform, has raised USD 21m in Series B funding led by Hong Kong utility CLP Group. It follows a USD 131m Series A in June 2021.
Singapore's Jungle absorbs healthcare specialist HealthXCapital
Singapore’s Jungle Ventures has ramped up its healthcare investment capacity by combining with local sector specialist HealthXCapital (HXC).
UK VC firm leads $9.4m round for Australia's Pendula
UK-based Octopus Ventures has led a AUD 14.5m (USD 9.4m) round for Australia-based customer retention platform Pendula.
PE-linked SPAC to merge with China ride-hailing business
A special purpose acquisition company (SPAC) led by two Chinese private equity investors has agreed to merge with local ride-hailing business Wanshun Technology Industrial Group in a deal that values the target at approximately USD 300m.
China's ClearVue closes debut blockchain fund on $50m
ClearVue Partners (CVP), a China-focused investor in consumer and technology, has announced a final close of USD 50m on its blockchain technology fund - without adding any capital to the first close 12 months ago.
Singapore metaverse player raises $13m seed round
Singapore-based ZTX, which claims to be Asia’s largest metaverse platform, has raised a USD 13m seed round led by US web3 investor Jump Crypto.
Growtheum closes debut Southeast Asia fund on $567m
Growtheum Capital Partners, a private equity firm established by the former head of GIC’s direct private equity investment group in Southeast Asia, has closed its debut fund on USD 567m, falling short of the USD 750m target set in early 2022.
China 3D printing player Boston Micro gets $24m Series D
China and US-based microscale 3D printing company Boston Micro Fabrication has raised USD 24m in Series D funding led by Guotai Junan Securities.
IFC to back India's Wellspring Healthcare
The International Finance Corporation (IFC) is set to invest USD 11m in India’s Wellspring Healthcare, which operates 17 primary care clinics in Mumbai and Pune.
Japan's Mixi launches $50m India VC fund
Japanese social media company Mixi has set up a USD 50m corporate venture capital fund targeting Indian start-ups.
Cathay leads Series C for China's Unisun Energy
Cathay Capital has led a Series C round of undisclosed size for Unisun Energy, a China-based green power service provider for industrial and commercial sites.
AGIC backs Singapore medical device manufacturer
Hong Kong-headquartered AGIC Capital, an Asia-Europe cross-border specialist, has led a growth equity round of undisclosed size for Singapore-based medical devices maker AP Technologies.
China's Leadsynbio raises Series D
Chinese synthetic biology company Leadsynbio has raised a Series D round of unspecified size from existing investors Lilly Asia Ventures and Sherpa Healthcare Partners.