Iterative Capital reached a USD55m final close for its second fund focused on early-stage Southeast Asian startups. Investors include Cendana, K5 Global, Village Global and Goodwater Capital, as well as Arash Ferdowsi (Dropbox), Achmad Zaky (Bukalapak), David Shim (Foursquare), Kum Hong Siew (Airbnb Asia) and others. Read More
Kotak Special Situations agreed to invest INR5.5b (~USD67m) in non-convertible debentures in Sanghi Industries Group, an India-listed cement manufacturer. Read more… Read More
Chaos Investment led a ~USD100m Series B for FreeTech, a China-based assisted driving system developer, with participation from Hengxu Capital, BAIC Capital, TCL, Shaanxi Automobile Group, Sun Life-Everbright and Aopeng Investment. Read more… Read More
SAIC Goldstone led a ~CNY1b (~USD139m) Series B+ for SemiDrive, a provider of China-based automotive-grade chips, with participation from CITIC Securities, Jiangsu Goldstone Transportation Technology Industry Fund, Guozhong Venture Capital Management, Huatai Insurance, Qianhai W&W Fund Management and others. Read more… Read More
Proterra Investment Partners Asia reached a USD200m final close for Food Fund 3, a Singapore-domiciled vehicle that will make food-related investments across Asia. Read more… Read More
Hillhouse Capital agreed to invest USD300m in Table Space, an India-based co-workspace provider. Read more… Read More
Target Global led a USD41m round for XanPool, a Hong Kong-based cross-border payments infrastructure provider, with follow-on from Antler Elevate. Read more… Read More
Mitsubishi Corporation and Mizuho Leaguer Investment led a CNY200m (~USD28m) pre-Series A extension round for Ruiyun Cold Chain, a China-based cold-chain services platform, with follow-on from Panlin Capital, Qingsong Fund, Eight Roads Ventures and China Merchants Venture. Read more… Read More
Monk’s Hill Ventures led a USD5m Series A for NOVI Health, a Singapore-based health management platform focused on diabetes and other chronic weight and lifestyle-related conditions. Read more… Read More
Lightrock India invested USD15m to acquire a significant stake in Sukoon Healthcare, an India-based psychiatric in-patient platform. Read more… Read More
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