News
Australia's Skykraft raises $75m
Australian deep tech VC firm Main Sequence has joined a AUD 120m (USD 75m) round for Skykraft, a local space tech provider focused on in-orbit air traffic control systems.
Quest backs Vietnam robotic prosthetics start-up
Singapore’s Quest Ventures has confirmed an investment of undisclosed size in Vietnam-based robotic prosthetics start-up Vulcan Augmetics.
China's Atom Bioscience raises $83m
Chinese inflammatory and metabolic disease drug developer Atom Bioscience has raised USD 83m in Series D funding led by local biotech specialist Kaitai Capital.
TPG Rise Climate invests $176m in Tata Motors
TPG Rise Climate, a dedicated climate fund under TPG’s global impact platform, has invested about INR 14.7bn (USD 176m) in an engineering and digital services division of India’s Tata Motors.
Australia’s Five V exits Totara to trade buyer
Australia’s Five V Capital has sold its majority position in employee management software provider Totara to London-based growth equity investor Tenzing for an undisclosed sum.
Eight Roads leads $22m round for Meitu's AI design unit
Pixocial, an artificial intelligence-enabled (AI) design tool spun out from China-based photo editing app provider Meitu, has raised USD 22m in funding led by Eight Roads.
Blackstone's Ed Huang switches to Asia private wealth role
Ed Huang, who has spent the last two-and-a-half years as COO of The Blackstone Group’s Asia private equity business, will become the firm’s head of private wealth solutions for the region.
AVCJ Awards 2023 - voting has closed
Voting for the 2023 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks to all those who participated.
Jungle launches Southeast Asia, India seed programme
Singapore-based Jungle Ventures has launched a Southeast Asia-India seed programme, claiming a first-of-its-kind investment structure to limit dilution for founders.
China's Didi gets backing from state-owned carmaker
China ride-hailing platform Didi, which delisted from the New York Stock Exchange last year following a scandal-hit post-IPO period, has raised USD 149m in funding from state-backed carmaker GAC Group.
Japan plant-based meat player raises $47m
Japanese plant-based meat company Daiz has raised JPY 7.1bn (USD47.4m) in Series C funding that features Mitsubishi UFJ Capital.
East, SV target $100m for Southeast Asia-Korea fund
Indonesia-focused East Ventures and Korea’s SV Investment have launched dedicated Southeast Asia-Korea fund with a target of USD 100m.
Shangqi hits $575m second close on renminbi fund
Shangqi Capital, a private equity affiliate of Chinese automotive manufacturer SAIC Motor, has completed a second close of CNY 4.2bn (USD 575m) on its latest renminbi-denominated fund, bettering the overall target of CNY 4bn.
Legend Star closes fifth renminbi fund on $123m
Legend Star, the China-based venture capital arm of Legend Holdings, has closed its fifth renminbi-denominated fund with more than CNY 900m (USD 124m) in commitments.
India's InsuranceDekho raises $60m
Indian online insurance policy comparison and brokerage service InsuranceDekho has raised USD 60m in a Series B round featuring Goldman Sachs.
Japan's Beyond Next raises $67m for third VC fund
Japanese deep tech investor Beyond Next Ventures has achieved a first close of JPY 10bn (USD 67.1m) on its third flagship fund. The target is JPY 25bn.
Orion hits $205m first close on third Asia debt fund
Orion Capital Asia, a private credit manager that spun out from Olympus Capital Asia three years ago, has reached a first close of USD 205m on its third fund.
BPEA EQT acquires Australia's VetPartners
BPEA EQT has agreed to acquire VetPartners, operator of Australia and New Zealand’s largest network of pet clinics and hospitals, from National Veterinary Associates (NVA).
Warburg Pincus closes global flagship fund on $17.3b
Warburg Pincus has closed its latest global flagship fund with USD 17.3bn in commitments, making it the firm’s largest fundraise in its 57-year history.
IFC leads $24m Series B for India's Onsurity
The International Finance Corporation (IFC) has led a USD 24m Series B round for Indian employee healthcare insurance start-up Onsurity.
State-linked investors back Series D for China's DataCanvas
DataCanvas, a China-based artificial intelligence-driven (AI) big data solutions provider, has raised CNY 300m (USD 41m) in a first tranche of Series D funding with strong support from investors with ties to national-level state-owned enterprises (SOEs).
Trustar, Bain, BPEA EQT target Tyson Foods' China poultry business
US-based meat and processed food maker Tyson Foods has received preliminary bids from private equity firms including Trustar Capital, Bain Capital and BPEA EQT for its China poultry business, according to two sources familiar with the matter.
Hong Kong blockchain fund raises $100m
Hong Kong blockchain specialist CMCC Global has reached a first close on its latest financial technology and web3 fund, raising the full targeted amount of USD 100m.
India's Mensa Brands secures $40m in debt, equity funding
Mensa Brands, an India-based platform that agglomerates emerging consumer brands, has received USD 40m in funding from EvolutionX Debt Capital structured as a debt facility and a convertible investment.