China: Social networking app Tantan secures $32m Series C; ChinaEquity picks...
China’s Tinder, Tantan app, announced the latest financing round of $32 million. ChinaEquity Group has invested in Shenzhen Hifuture Electric Co for $252 million. Chinese social networking app Tantan...
View ArticleBetter Mortgage raises $15m in Series B round from Goldman Sachs, others
Gurgaon and New York-based Better Mortgage, a technology-driven mortgage bank, has raised $15 million in Series B round from American VC firm Kleiner Perkins Caufield & Byers (KPCB), financial...
View ArticleAustralia’s NAB Ventures leads $24m Series B in payments provider Veem
National Australia Bank Ventures (NAB Ventures) has led a $24-million Series B investment in San Francisco-based Align Commerce, a payment service provider. Other participating investors include...
View ArticleChina Creation Ventures raises $220m fund to tap tech, life science segments
A newly established China focused venture capital firm China Creation Ventures has raised its first fund of RMB1.5 billion (US$220 million), targeting early and growth stage investments, China Money...
View ArticleIndia-focused Lightbox may raise new fund of $100m next year
Venture capital (VC) firm Lightbox, which has so far raised two India-focused funds and backed start-ups such as Faasos, Embibe, Furlenco and Droom, may raise a new fund next year after completing the...
View ArticleChina Creation Ventures makes first close of USD fund at nearly $100m
Chinese venture capital firm China Creation Ventures has made the first close of its US dollar denominated fund at nearly $100 million, according to a report by the China Money Network. Founded by Zhou...
View ArticleChinese fintech Rong360 targets $200m US IPO for subsidiary Jianpu
Jianpu Technology Inc, a wholly-owned subsidiary of Chinese fintech firm Rong360, has filed for a $200 million IPO in the US. Goldman Sachs, Morgan Stanley and JP Morgan are bookrunners for the deal,...
View ArticleIndia: Startups hit with reality-check as VCs turn choosy with their money
In 2016, Indian startups got a reality check with valuation markdowns, market share losses and a lack of big-ticket fund raises. But while the funding bubble burst, start-ups had a “soft landing”. In...
View ArticleAPAC Digest: Simble to list on ASX; Shoof raises $4.3m; TEPCO invests in...
In multiple updates from the Apac region, Australian energy management firm Simble plans to list on the ASX while Movida Japan has backed a $4.3 million investment in Shoof. Meanwhile, TEPCO has made...
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