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
S2G Ventures led a USD10.8m Series A for Avant, a Hong Kong- and Singapore-based foodtech startup for lab-grown seafood, with participation from SWEN Blue Ocean, Regal Hotels, Thia Ventures, Lever VC, CPT Capital, ParticleX, Artesian, Good Startup and Alwyn Capital. Avant is featured in GPCA’s 31 Global Foodtechs to… Read More
Legend Capital led a USD150m Series E for ClinChoice, a China- and US-based full-service clinical-stage contract research organization, with participation from Taikang Life Insurance and Sherpa Healthcare Partners, with follow-on from Apricot Capital and Lilly Asia Ventures. Read more… Read More
Chaos Investment and China Media Group, through its CCTV Financial Media Industry Investment Fund, led a CNY1b (~USD149m) pre-Series B for MetaX Integrated Circuits, a China-based chipmaker, with participation from Shanghai Guosheng Group, Hermitage Capital and Puchao Capital and follow-on from China Internet Investment Fund and Matrix Partners. Read More
Korea Development Bank led a KRW100b (~USD77m) pre-IPO round for South Korea-based real estate marketplace Zigbang with a KRW50b (~USD39m) investment at a reported KRW2.4t (~USD1.9b) post-money valuation. IMM Investment and Hana Financial Investment also participated, investing KRW40b (~USD31m) and KRW10b (~USD8m), respectively. Zigbang plans to acquire Samsung SDS’s IoT… Read More
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