News
Australia climate investor Wollemi Capital raises $147m
Wollemi Capital, an Australia-based investment firm that targets climate-related businesses globally, has raised AUD 220m (USD 147m) in Series A funding anchored by Commonwealth Bank of Australia (CBA).
Japan's JST builds $451m alternatives portfolio in debut year
University endowment Japan Science & Technology Agency (JST) put JPY 9.96trn (USD 69.7bn) to work in its first 12 months in operation, with JPY 64.3bn going into alternatives.
Boyu leads Series C for China's Space Pioneer
Boyu Capital has led a Series C round amounting to several hundred million renminbi for Space Pioneer, a China-based aerospace company. CICC Capital and Youshan Capital also participated.
PE-backed Lu Daopei Medical files for Hong Kong IPO
Lu Daopei Medical Group Holding, which runs a network of hospitals in China that specialise in the treatment of blood diseases, has filed for a Hong Kong IPO.
Japan's Telexistence gets $170m Series B
Japanese connected robotics start-up Telexistence has raised USD 170m in Series B funding featuring SoftBank Group, Foxconn, Airbus, and Globis Capital Partners.
Tiger, Blume join $33m round for India's Battery Smart
Tiger Global Management and Blume Ventures have supported a INR 2.7bn (USD 33m) pre-Series B round for Indian battery-swapping electric vehicle (EV) infrastructure provider Battery Smart.
China's Principle Capital hits second close on dual-currency fund
Principle Capital, a Chinese private equity firm that has a strategic relationship with US-based Clayton, Dubilier & Rice (CD&R), has reached a second close of approximately USD 200m on its fifth fund.
China’s FutureX closes Fund II on $150m
FutureX Capital, which makes growth-stage technology investments in China, has closed its second US dollar-denominated fund with commitments of approximately USD 150m.
China manufacturing software player UJoin raises $14m
China-based manufacturing services business UJoin-Tech has raised a Series A of CNY 100m (USD 14m) led by Vision Plus Capital and Jinma Investment, a private equity fund launched by Ant Group and the Zhejiang provincial government.
Antler appoints Indonesia-based partner
Singapore-based accelerator and VC investor Antler has engaged Agung Bezharie Hadinegoro, an entrepreneur formerly of East Ventures, as a partner based in Indonesia.
500 Global backs debut fund from Singapore's First Move
500 Global has backed the debut fund raised by Singapore’s First Move, a pre-seed VC firm set up by former executives of Malaysian online-to-offline commerce services provider Fave.
Japanese GPs maintain strong investment pace - AVCJ Forum
Deployment remains robust in Japan’s mid-cap space with private equity firms continuing to see plentiful opportunities in carve-outs and founder-succession situations, the AVCJ Private Equity & Venture Forum Japan 2023 heard.
Multiples leads $145m round for India's Veritas Finance
Veritas Finance, an Indian non-banking finance company (NBFC) that issues loans to micro, small and medium-sized enterprises (MSMEs), has raised INR 12bn (USD 145m) in funding led by Multiples Alternate Asset Management.
US GP backs Australia skin tanning products brand
Gauge Capital, a US private equity firm with experience in the Australian health and beauty space, has invested in local tanning cream brand Loving Tan. Financial terms were not disclosed.
China's Hithium Energy Storage raises $622m
Xiamen Hithium Energy Storage Technology, a China-based battery manufacturer, has raised a Series C round of CNY 4.5bn (USD 622m) led by Beijing Financial Street Capital and China Life Insurance's private equity unit.
Amara backs Cambodian hotpot restaurant chain
Cambodian private equity investor Amara Capital has invested an undisclosed sum in local hotpot restaurant operator KFK Holdings.
Carlyle seeks up to $2.8bn for Japan fund
The Carlyle Group is looking to raise as much as JPY 400bn (USD 2.8bn) for its fifth Japan fund, a 55% increase on the previous vintage, in a move that underscores robust investor sentiment on the market.
Japan procurement marketplace secures $89m Series C
Six Japanese venture capital firms have led a Series C round of USD 89m for Caddi, operator of a B2B procurement marketplace that services the manufacturing sector.
Vertex China closes Fund V on $390m
Vertex Ventures China, an early-stage investor affiliated with Temasek Holdings-owned Vertex Holdings, has closed its fifth flagship fund with USD 390m in commitments.
China red envelope marketing start-up raises $28m
Saoyasao, a Chinese digital commerce service provider best known for using "red envelopes" to attract customers to offline stores, has raised a CNY 200m (USD 28m) Series A round from two local investors.
Danish fund invests $24m in India's Arohan Financial
Indian microfinancier Arohan Financial Services has received DKK 166m (USD 24.3m) from the government of Denmark’s Investment Fund for Developing Countries (IFU).
Japan VC draws global attention - AVCJ Forum
Japan’s venture capital market is attracting increased international attention by virtue of its relatively stable returns and a start-up-friendly policy regime, investors told the AVCJ Private Equity & Venture Forum Japan 2023.
Paine Schwartz pursues take-private of Australia's Costa
Paine Schwartz Partners has submitted a AUD 1.6bn (USD 1.07bn) buyout offer for listed Australian fresh fruit and vegetables supplier Costa Group – eight years after it took the business public.
Geely's China eVTOL unit gets Series A funding
Aerofugia, a subsidiary of Chinese automaker Geely that focuses on electric vertical take-off and landing (eVTOL) vehicles, has raised a Series A round of CNY 100m (USD 13.8m) led by Tsinghua Holdings Capital.