News
Tenaya Capital leads Series A round in Indonesia’s Kargo
Indonesian logistics platform Kargo Technologies has finalised a IDR504 billion ($31 million) Series A round led by Tenaya Capital, formerly the venture arm of Lehman Brothers.
Japan's Paidy tops up Series C round
Japanese payments start-up Paidy has topped up its Series C round with an additional commitment from Itochu Corporation. It brings the company's total capital raised to date to $281 million.
VIG makes second Korea funeral services acquisition
Korea’s VIG Partners has made the second investment from its fourth fund – which closed at $810 million in January – with an agreement to acquire Preedlife, the country’s leading funeral services provider.
CDH raises $1.1b for China's largest mezzanine fund
CDH Investments has closed its fifth China mezzanine fund at RMB8 billion ($1.1 billion). It is the largest vehicle of its kind ever raised solely for deployment in the country.
Hong Kong online banking start-up Neat raises $11m
Neat, a Hong Kong-based financial services start-up targeting digital entrepreneurs, has raised an $11 million Series A round with support from Visa.
Matrix leads Series A for Indian quiz app
Zupee, a live quiz-based gaming app in India, has raised $8 million in a Series A round led by Matrix Partners India.
Macquarie buys Asia data center player Airtrunk
Macquarie Infrastructure & Real Assets (MIRA) is leading a consortium to acquire an 88% stake in Asia-focused data center player AirTrunk at a valuation of A$3 billion ($1.9 billion).
Qiming defies coronavirus to close seventh China fund at $1.1b
Qiming Venture Partners has closed its seventh US dollar-denominated China fund at $1.1 billion following an approximately two-month process that involved a last-minute relocation of on-site due diligence from Shanghai to San Francisco.
AVCJ daily bulletin returns April 14
AVCJ's daily bulletin is taking a short break for the Easter holiday. Publication will resume on April 14.
TDM leads $35m round for Australia’s SafetyCulture
Australia’s TDM Growth Partners has led a A$60 million ($35 million) Series C round for SafetyCulture, a locally-based software provider for safety compliance inspectors.
Singapore's Quest Ventures achieves first close for new fund
Quest Ventures, a Singapore-headquartered venture capital firm, has achieved the first close for a new fund. The target for the vehicle is $50 million.
Sequoia leads $12m round for Indian agriculture marketplace
DeHaat, a marketplace and retailer for Indian farmers, has raised $12 million in a Series A round led by Sequoia Capital India.
China office decorating start-up gets Eight Roads backing
InDeco, a Chinese startup that offers one-stop commercial workspace decoration solutions, has raised $20 million in a Series C round led by Eight Roads Ventures.
Asia PE investment falls to six-year low in first quarter
Private equity fundraising, investment and exits all fell to multi-year lows in the first quarter of 2020 as the economic fallout from coronavirus outbreak forced investors to focus on existing portfolio exposure and made them wary of making new commitments.
Roc Partners hits $120m third close on fourth Asia fund
Australia-based private equity firm Roc Partners has reached a third close of $120.1 million for its fourth Asia Pacific fund-of-funds.
Indonesia's Agaeti, Convergence merge to form AC Ventures
Indonesian venture capital investors Agaeti Ventures and Convergence Ventures have announced a merger to form a new firm, AC Ventures.
Hostplus backs $19m Series B for Australia's Myriota
Hostplus, an Australian superannuation fund known for its VC activity, has backed a $19.3 million Series B round for local space technology start-up Myriota.
CICC, GL Ventures join $66m round for Suzhou Ribo Life Science
Chinese drug developer Suzhou Ribo Life Science has raised RMB470 million ($66 million) in an extended Series C round led by China State-owned Capital Venture Capital Fund, CICC Capital and GL Ventures, the VC arm of Hillhouse Capital.
Chinese AI player Intellifusion raises $141m
Forebright Capital, Walden International and state-owned Utrust Fund have led a RMB1 billion ($141 million) pre-IPO round for Chinese artificial intelligence (AI) technology developer Intellifusion.
Korean investors contribute $43m to India's Swiggy
Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets joined a $43 million funding round for Indian food and grocery delivery platform Swiggy.
HighLight-backed Zentalis raises $165m in US IPO
Zentalis Pharmaceuticals, a US-based cancer drug developer, raised $165.2 million in its NASDAQ IPO, facilitating a liquidity event for Chinese healthcare investment specialist HighLight Capital.
KKR joins $120m investment in Philippines’ Voyager
KKR is re-upping in Philippines-based financial technology company Voyager Innovations as part of a $120 million growth round.
Korean GP invests $16m in electronics industry supplier
Moat Private Equity, a Korea GP set up last year, has taken an approximately 14% stake in KOSDAQ-listed electronics industry supplier Exax for KRW19.8 billion ($16 million).
Indian TPG-backed cosmetics player Nykaa gets $13m
Nykaa, an online retailer of cosmetic and fashion products in India, has raised INR1 billion ($13 million) in a funding round led by Steadview Capital.