Author: Deal Street Asia Online News

Southeast Asia’s VCs report lacklustre fundraising performance in Q2

Southeast Asia-based venture capital (VC) firms witnessed muted fundraising during the second quarter, with only two venture funds holding a final close, finds the latest report by DealStreetAsia – DATA VANTAGE. As a result of a subdued Q2, VC fundraising performance – measured in terms of both volume and value – in the first half… Continue reading Southeast Asia’s VCs report lacklustre fundraising performance in Q2

Chinese chipmaker Metax lands $155m from Sequoia, Matrix Partners, others …

Shanghai-based Metax, a maker of graphics processing unit (GPU) chips, announced on Wednesday that it has garnered 1 billion yuan ($155 million) in a Series A round of financing. The fresh round was co-led by China Structural Reform Fund Corporation Limited, a 350 billion yuan ($15 billion), state-owned fund that has received investments from China… Continue reading Chinese chipmaker Metax lands $155m from Sequoia, Matrix Partners, others …

BGH-owned Abano to buy 84% stake in Australia dentistry business 1300Smiles

Dental clinics operator Abano Healthcare Group Ltd has agreed to acquire 84% stake in Australian dental roll-up 1300Smiles for an enterprise valuation of A$165 million ($120 million), according to an announcement. The acquisition was conducted through Adams Aus Bidco Pty Limited (Abano Bidco), a member of the Abano Healthcare Group (Abano Healthcare). “Abano Healthcare is… Continue reading BGH-owned Abano to buy 84% stake in Australia dentistry business 1300Smiles

SE Asia Digest: Lazada rebrands logistics arm, AIA teams up with GLP

E-commerce major Lazada has rebranded its logistics arm to Lazada Logistics, while insurance major AIA Group Limited has teamed up with Singapore-based GLP for logistics and real estate investments. Insurer AIA and SG’s GLP team up for logistics real estate investments AIA Group Limited announced that it is investing in the global logistics real estate… Continue reading SE Asia Digest: Lazada rebrands logistics arm, AIA teams up with GLP

ChrysCapital, True North, others pick minority stake in QuEST Global for $150m

Private equity firms ChrysCapital and True North Managers LLP along with other institutional investors have picked up a minority stake in product engineering and lifecycle services company QuEST Global for $150 million, per an announcement. The investors have completed the purchase of a portion of the shares held by the co-founders and management team of… Continue reading ChrysCapital, True North, others pick minority stake in QuEST Global for $150m

China Digest: Oushu nets $30m; Qiming leads $15m funding for Zuoshouyisheng …

Big Data company Oushu has pocketed 200 million yuan ($30 million) in a Series B+ round of financing, while Qiming Venture Partners has led a 100 million yuan ($15 million) Series B round for digital healthcare services specialist Zuoshouyisheng.  Sequoia-backed Oushu nets $30m Big Data firm Oushu Inc. on Wednesday announced the completion of a… Continue reading China Digest: Oushu nets $30m; Qiming leads $15m funding for Zuoshouyisheng …

People Digest: Carro CMO Seewal departs firm; Syfe, Next Gen make new hires

Manisha Seewal has quit car marketplace Carro after leading its marketing function for three years, while robo-advisor Syfe and alternative protein firm Next Gen Foods have announced new hires. Carro group CMO Seewal departs firm The chief marketing officer of Singapore-based used car marketplace unicorn Carro, Manisha Seewal, announced her departure from the company after… Continue reading People Digest: Carro CMO Seewal departs firm; Syfe, Next Gen make new hires