Openspace Ventures and EDBI led a USD10m Series A for Neuroglee Therapeutics, a Singapore-based startup developing digital therapeutics for people with neurodegenerative diseases, with participation from Ramen Singh (Mundipharma) and Kuldeep Singh Rajput and Wendou Liu (Biofourmis), and follow-on from Japanese healthcare company Eisai. Read more… Read More
SoftBank Vision Fund 2 led a USD220m Series C for China- and Germany-based robotics startup Agile Robots, with participation from Abu Dhabi Royal Group, GL Ventures, Sequoia China, Linear Capital, Xiaomi Group, Foxconn Industrial Internet and Midas, at a reported USD1b+ valuation. Read more… Read More
Monk’s Hill Ventures led a USD20m pre-Series A for Singapore-based e-commerce brand aggregator Rainforest, with participation from January Capital, Crossbeam Venture Partners, Amasia and Lo & Behold Group, and with follow-on from Nordstar and Insignia. Accial Capital provided a USD30m debt facility. Read more… Read More
Owl Ventures led a USD55m Series C for Leap Finance, an India-based fintech that offers education loans and credit cards to Indian students studying overseas, with participation from Harvard Management Company and follow-on from Jungle Ventures and Sequoia Capital India. Read more… Read More
Baring Private Equity Asia invested USD150m in Singapore-based game developer Virtuos, becoming the company’s largest external shareholder. Read more… Read More
CLSA Capital Partners reached a USD500m final close for Lending Ark Asia Secured Private Debt Fund II and a parallel co-investment vehicle. The fund will invest in secured private debt opportunities across the Asia-Pacific region. Read more… Read More
Boyu Capital led a CNY710m (~USD110m) Series E for China-based data storage software services provider XSKY, with participation from Legend Capital, CICC Alpha, Broad Vision Funds, Kunlun Capital, Shanghai-listed financial technology company Hundsun Electronics and Suzhou Fengyi Yuanda Equity Investment Fund. Northern Light Venture Capital and Qiming Venture Partners followed… Read More
Intudo Ventures reached a USD115m final close for Intudo Ventures Fund III, a vehicle primarily targeting early-stage and series A investments in the agriculture, B2B, enterprise, education, finance, insurance, healthcare and logistics sectors in Indonesia. The fund also plans to invest Series B and C rounds for existing portfolio companies. Read More
Addition, a VC founded by former Tiger Global partner Lee Fixel, invested USD76.4m in India-based e-commerce logistics platform Delhivery. The new investment is reportedly part of the company’s Series I round. Read more… Read More
Baidu Ventures reached a USD400m final close for its third USD-denominated fund. The firm targets investments in AI-driven startups developing deep technology related to algorithms, sensors and data storage systems primarily in China and the US. Focus areas include new energy vehicles, life sciences, corporate services, smart cities, semiconductors, smart… Read More
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