News
Eight Roads builds out China team
Eight Roads Ventures has added three partners to its China team through promotion, bringing the total number in the country to 10.
Australia's Loam Bio raises $73m Series B
Loam Bio, an Australia-based agricultural technology start-up that uses microbes to sequester carbon in farm soils, has received AUD 105m (USD 73m) in Series B funding.
China medical device manufacturer gets Series D backing
China-based medical device manufacturer Hygea Medical Technology has raised more than CNY 100m (USD 15m) in Series D funding led by healthcare-focused In Capital.
L Catterton makes second China pet food investment
L Catterton has made its second China pet food investment in 12 months with a commitment of undisclosed size to Partner Pet, a leading domestic player in the premium freeze-dried pet food space.
Alibaba-backed eWTP pursues $1bn in VC fundraise
EWTP Arabia Capital, an investment arm of the Electronic World Trade Platform (eWTP) backed by Alibaba Group and Saudi Arabia’s Public Investment Fund, has raised nearly USD 1bn for an Asia-Middle East fund.
Goldman Sachs, TVS lead $150m round for India's InsuranceDekho
Goldman Sachs and TVS Capital Funds have led a USD 150m Series A round for India’s InsuranceDekho, an online insurance policy comparison and brokerage service.
Singapore's Aspire closes Series C on $100m
Singapore-based B2B banking platform Aspire has closed an oversubscribed Series C round with USD 100m in commitments. Lightspeed Venture Partners and Sequoia Capital Southeast Asia took the lead.
Grand Flight leads $15m round for China urban air mobility player
Shanghai-based TCab Tech has raised CNY 100m (USD 14.7m) in a pre-Series A round led by Grand Flight, an industrial investment fund mainly initiated by Far East Horizon.
Australia's Fortitude adds two partners
Australia-based Fortitude Investment Partners, formerly the growth capital investment business of listed alternatives manager Blue Sky, has promoted Bryan Brown and Sam O’Connor to partner.
Indian drone start-up Garuda Aerospace raises $22m
Recently established Indian VC firm SphitiCap has led a USD 22m Series A round for Garuda Aerospace, a local industrial drone maker and related services provider.
Temasek's Fullerton recruits ex-Asia head of Eurazeo
Eddie Chen, formerly head of Asia at Europe-headquartered investment firm Eurazeo, has joined Temasek Holdings-owned Fullerton Fund Management as a managing director.
Novo Tellus seeks $375m for third industrial tech fund
Novo Tellus Capital Partners, a Singapore-based private equity firm that invests in industrial technology assets across the Indo-Pacific region, has set a target of USD 375m for its third fund.
Geely-owned Chinese EV brand gets $750m Series A
Zeekr, a Chinese electric vehicle (EV) brand under traditional automaker Geely, has closed a Series A round of USD 750m at a valuation of USD 13bn.
Inconfin closes India impact fund on $77m
Incofin Investment Management, a Belgium-headquartered impact investor, has reached a final close of USD 77m on a fund that will target financial inclusion and agri-food in India.
Sequoia leads $17m round for Singapore's Tazapay
Sequoia Capital Southeast Asia has led a USD 16.9m Series A round for Singaporean cross-border payments start-up Tazapay.
India's Rezolve.ai secures $11m Series A
SIG Venture Capital has led a USD 11m Series A round for Rezolve.ai, a US and India-based start-up that applies conversational artificial intelligence (AI) to human resources services.
B Capital, Quona back India EV financing player Turno
B Capital Group and Quona Capital have led a USD 13.8m Series A round for Turno, an India-based platform that helps small and medium-sized enterprises (SMEs) switch from combustion engine-powered three-wheelers to electric vehicles (EVs).
AIIB launches $160m to cleantech VC strategy
Asian Infrastructure Investment Bank (AIIB) has committed USD 160m to a plan to back small-scale venture capital funds targeting cleantech and technology-enabled sustainable infrastructure.
JIP submits buyout offer for Toshiba
Toshiba Corporation has confirmed the receipt of an acquisition proposal from Japan Industrial Partners (JIP), a local private equity firm best known for its expertise in corporate carve-outs.
Hesai gains 11% on debut after $190m US offering
Hesai Technology, a China-based developer of sensors used in autonomous driving, traded up on debut after completing the largest US IPO by a Chinese company since Didi in 2021.
Bessemer, SIG lead Series B for India's Entropik
Bessemer Venture Partners and SIG Venture Capital have led a USD 25m Series B round for Indian marketing research platform Entropik.
China's Oriza Rivertown raises $236m
Oriza Rivertown, the growth investment arm of Suzhou-based Oriza Holdings, has raised CNY1.6bn (USD 236m) across two funds, bringing its total asset under management to CNY 4.5bn.
Advantage exits Japan dental supplier to local strategic
Japan’s Advantage Partners has agreed to sell Dental Holding, a local dental industry equipment distribution company, to Askul, an office equipment supplier, after a 2.5-year hold.
Potentia gains due diligence access to Australia's Nitro
Potentia Capital has been invited to perform due diligence on buyout target Nitro Software after trumping a rival bid for the listed Australian company, ending months of board resistance to its overtures.