Google is making a fresh investment of more than $1 billion into AI startup Anthropic, the Financial Times reported on Wednesday. This comes after Reuters and other media reported earlier in January that Anthropic was nearing a $2 billion fundraise in a round, led by Lightspeed Venture Partners, valuing the firm at about $60 billion.… Continue reading Google said to be investing $1b in OpenAI rival AnthropicAnthropic is reportedly nearing a $2b fundraising in a round led by Lightspeed Venture Partne…
Author: Deal Street Asia Online News
Chinese silicon carbide device maker Inventchip bags over $137m in Series C roundThe National Manufacturing Transformation and Upgrading Fund led the …
Inventchip Technology, which provides silicon carbide (SiC) power devices and integrated circuit solutions, has pocketed 1 billion yuan ($137.5 million) in the first tranche of its Series C round, according to a company release on Tuesday. The National Manufacturing Transformation and Upgrading Fund, a state-owned fund launched in November 2019 to invest primarily in growth–… Continue reading Chinese silicon carbide device maker Inventchip bags over $137m in Series C roundThe National Manufacturing Transformation and Upgrading Fund led the …
China’s Ascentage Pharma targets $1.8b valuation in US IPOAscentage, backed by Japan’s Takeda, is looking to raise $149m.
Ascentage Pharma said on Tuesday it was targeting a valuation of $1.75 billion in its initial public offering, becoming the first sizeable Chinese firm to pursue a listing in the US this year. IPOs of Chinese companies in the United States have picked up modestly in recent months following a long hiatus after ride-hailing giant… Continue reading China’s Ascentage Pharma targets $1.8b valuation in US IPOAscentage, backed by Japan’s Takeda, is looking to raise $149m.
India retains fourth spot in global tech startup funding, closes in on ChinaIndian tech startups raised $11.3b from PE and VC firms.
India retained its position as the fourth most funded country in the global tech startup ecosystem in 2024, marginally behind China, attracting $11.3 billion in investments from private equity (PE) and venture capital (VC) firms, according to Tracxn data. Go to Source
Consumption tech offers hope amid challenges in startup fundingFocusing on delivering tangible value through innovative solutions can help drive growt…
Photo: (from left to right) Andi Haswidi, Head of Data Research, DealStreetAsia (Moderator); Christin Djuarto, Executive Director, Shopee Indonesia; Roderick Purwana, Managing Partner, East Ventures; Mesty Ariotedjo, CEO, Tentang Anak; and Randolph Hsu, Founder, Ondine Capital Go to Source
Vietnam’s SSIAM launches $200m blockchain-focused investment platformThe firm plans to ramp up investments to $500m by roping in external investors.
SSI Asset Management (SSIAM), a subsidiary of the Vietnamese securities firm SSI, has set up a $200-million investment platform for innovative businesses in the digital technology and blockchain sectors, as Vietnam quickly becomes a hotspot for blockchain innovation. Go to Source
Pre-owned motorbike trading startup iMotorbike completes $10m Series AThe round was led by Headline Asia.
iMotorbike, a Singapore-headquartered, pre-owned motorbike buying and selling marketplace with operations in Malaysia and Vietnam, has raised $10 million in a Series A round led by Headline Asia, a global venture capital firm focussed on B2B and B2C ventures, according to a release. Ondine Capital, 500 Global, Gobi Partners, Astor Management, and Endeavor Catalyst were… Continue reading Pre-owned motorbike trading startup iMotorbike completes $10m Series AThe round was led by Headline Asia.
SEA Digest: uHoo raises funding; MDI Ventures invests in CYFIRMAuHoo’s funding round was co-led by Wavemaker Ventures and Menarco Development Corporat…
uHoo has raised $3.7 million in a funding round co-anchored by Wavemaker Ventures and Menarco Development Corporation, while CYFIRMA has secured an investment from MDI Ventures. Indoor air quality solutions provider uHoo raises $3.7m uHoo, a Singapore-based indoor environmental quality (IEQ) monitoring startup, has announced raising $3.7 million in a funding round anchored by Wavemaker… Continue reading SEA Digest: uHoo raises funding; MDI Ventures invests in CYFIRMAuHoo’s funding round was co-led by Wavemaker Ventures and Menarco Development Corporat…
Avendus Capital eyes first deal from third PE fund soonThe fund has raised capital from domestic LPs, including three insurers.
KKR-backed, Mumbai-based financial services group Avendus Capital, which recently secured the first close of its third private equity (PE) fund at $98 million (Rs 850 crore), is all set to clock its maiden deal from the investment vehicle, said a top executive. “We made the first close [of Avendus Future Leaders Fund III] because we had to… Continue reading Avendus Capital eyes first deal from third PE fund soonThe fund has raised capital from domestic LPs, including three insurers.
Mitsubishi Chemical picks Bain as preferred bidder for subsidiaryThe company is likely to sell its unit to Bain Capital for more than $3.2 billion.
Mitsubishi Chemical Group picked U.S. investment fund Bain Capital as the preferred bidder for its pharmaceutical subsidiary, Tanabe Mitsubishi Pharma, the Nikkei reported on Monday. The company is likely to sell its Tanabe Mitsubishi Pharma unit to Bain Capital for more than 500 billion yen ($3.2 billion), the report said. Mitsubishi Chemical was not immediately… Continue reading Mitsubishi Chemical picks Bain as preferred bidder for subsidiaryThe company is likely to sell its unit to Bain Capital for more than $3.2 billion.