GL Ventures and Temasek led a USD230m Series C for Clover Biopharmaceuticals, a China-based clinical-stage biotechnology company and vaccine developer, with participation from Oceanpine Capital and OrbiMed, and follow-on from Delos Capital. Read more… Read More
OrbiMed and WuXi Huiying Investment led a USD40m Series C for AnchorDx, a China-based medical technology developer focused on DNA sequencing and diagnostics. Read more… Read More
Lilly Asia Ventures led a USD90m Series B for Regor Therapeutics, a China-based clinical stage biotechnology company dedicated to the discovery of innovative medicines to treat cancer, immune disorders, and metabolic diseases. Loyal Valley Capital, Lanting Capital, TF Capital, and Vertex Ventures China also participated in the round. Read More
Sequoia Capital China led a USD2b funding round for China-based community grocery shopping app Xingsheng Youxuan, with participation from FountainVest Partners, Primavera Capital Group, KKR, Tencent Holdings, Temasek, and China Evergrande Group. Read more… Read More
Share Capital led a CNY600m (approximately USD93m) Series C for Binhui Biotech, a China-based biotechnology company focused on the development of oncology immunotherapies, with participation from CICC Capital, Vertex Ventures China, and Shenzhen Capital Group, and follow-on from Lapam Capital. Read more… Read More
The Carlyle Group, through its Carlyle Asia Partners V, has agreed to invest USD200m in South Korea-based mobility-as-a-service (MaaS) platform Kakao Mobility. Read more… Read More
Avataar Ventures has reached a USD100m final close for its opportunity fund. The vehicle will target investments in B2B and SaaS companies and will invest follow-on rounds for existing portfolio companies. Read more… Read More
Warburg Pincus has agreed to exit its stake in Bharti Telemedia, the direct-to-home (DTH) satellite television services arm of Indian telecom services provider Bharti Airtel, via a share buyback worth USD429.5m in cash and shares. Read more… Read More
Accel Partners and Lightspeed Venture Partners have invested a USD15m seed round for Zolve Innovations, a cross-border neobanking platform based in India, with participation from Blume Ventures, Founder Collective, and angel investors including former Helion Managing Director Dr. Ashish Gupta, Greg Kidd, Cred Founder Kunal Shah, DST Global… Read More
Boyu Capital has reached a USD3.6m final close for Boyu Capital Fund IV, its latest USD-denominated vehicle focused on investments in China. Read more… Read More
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