Beijing Financial Street Capital, Hopu Investment and HOPU-ARM Innovation Fund, a joint venture fund launched by Hopu and semiconductor company Arm Holdings, led Series C extensions totalling CNY1b (~USD149m) for Iluvatar CoreX, a China-based semiconductor manufacturer. Read more… Read More
Lightspeed Venture Partners reached a USD500m final close for its new early-stage fund focused on India and Southeast Asia. The close was part of a USD7.1b fundraise across four Lightspeed funds.. The firm also announced the launch of Lightspeed Faction, a crypto JV that will be run by Sam Harrison,… Read More
OrbiMed led a USD80m round for LifeWell, a new brand resulting from the merger of India-based telemedicine platform MFine and India-based stem cell bank LifeCell International’s diagnostic business. In 2021, MFine raised a USD48m Series C round led by Moore Strategic Ventures and Beenext. Lifecell backers include OrbiMed Asia Partners… Read More
Alpha JWC Ventures led a USD35m Series A for AgriAku, an Indonesia-based B2B agtech platform, with participation from BRI Ventures, Mandiri Capital Indonesia, Gentree Fund, K3 Ventures, Thai Wah Public Company, Alto Partners, InnoVen Capital and follow-on from MDI Ventures, Go-Ventures and Mercy Corps Social Venture Funds. Read More
Qiming Venture Partners reached a USD2.5b final close for its USD Fund VIII and a CNY4.7b (~USD702m) first close for its RMB Fund VII. The vehicles target early- and growth-stage technology, consumer and healthcare startups in China. Read more… Read More
Openspace and SOSV led a USD5m round for Octopus, an Indonesia-based circular economy platform that allows producers to track and collect their post-consumer products, with participation from additional investors. Read more… Read More
Andorra-based private bank Andbank led a USD50m Series F extension for Brazil-based fintech Creditas with the same reported USD4.8b valuation as the USD260m Series F led by Fidelity Management in January 2022. Read more… Read More
Navis Capital Partners agreed to sell its stake in Hong Kong-based footwear component manufacturer Texon, part of Torque Group International Fortune, to Coats Group for an undisclosed amount. Navis acquired the company for USD75m in 2016. Read more… Read More
Animoca Brands led a USD32m Series A for Planetarium Labs, a South Korea-based community-driven Web3 game network, with participation from Krust Universe, the investment arm of South Korea-based tech giant Kakao; WeMade and Samsung Next. Read more… Read More
PAG launched PAG Renewables, a wholly owned renewable energy,company to develop, build, operate and invest more than USD1b in renewable energy assets in Asia over the next several years. PAG Renewables was seeded by PAG’s existing renewables portfolio, including First Solar, a Japan-based, Nasdaq-listed project development platform recently acquired by… Read More
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