Alphabet’s Google, along with TPG Rise Climate and other investors, is backing clean energy developer Intersect Power as part of more than $800 million funding round, the company said on Tuesday. Google’s capital investment in Intersect Power comes as the tech giant, like other “hyperscalers” including Microsoft and Meta, races to bolster its domestic data… Continue reading Google, TPG Rise Climate back clean energy developer Intersect Power in $800m roundGoogle needs to meet the AI-driven surge in cloud demand.
Author: Deal Street Asia Online News
China’s GCL Perovskite raises $69m Series C1 round led by Goldstone InvestmentThe round saw the participation of Kunshan Hi-Tech Group, HongShan, and …
GCL Perovskite, the perovskite solar cells production unit under privately-owned Chinese power firm GCL Holdings, has secured 500 million yuan ($69 million) in a Series C1 round led by Goldstone Investment, the private fund management subsidiary of CITIC Securities. The round saw the participation of state-owned Kunshan Hi-Tech Group as well as local venture capital… Continue reading China’s GCL Perovskite raises $69m Series C1 round led by Goldstone InvestmentThe round saw the participation of Kunshan Hi-Tech Group, HongShan, and …
China Digest: Kaida, Raintree Scientific Instruments, Vanteque raise fundsConsumer-focused investment firm BA Capital led the funding round in Kaida.
BA Capital has led Chinese snack producer Kaida’s maiden funding round, while Goldstone Investment has backed Raintree Scientific Instruments and Vanteque. Snack producer Kaida raises first external funding Chinese snack producer Kaida Hengye (KDHY), whose key products include vacuum-fried potato, fruit, and vegetable chips, has raised almost 400 million yuan ($55.2 million) in its first-ever… Continue reading China Digest: Kaida, Raintree Scientific Instruments, Vanteque raise fundsConsumer-focused investment firm BA Capital led the funding round in Kaida.
Chinese cosmetics firm Mao Geping’s shares rise nearly 75% in Hong Kong debutThe cosmetics firm had raised $270m in its IPO.
Mao Geping shares rose almost 75% on Tuesday after the Chinese beauty company raised $270 million in a Hong Kong initial public offering. The shares opened at HK$47.65 each and reached nearly HK$51.9 each. Hong Kong’s Hang Seng Index was up 1.4% in early trading. Mao Geping sold 70.6 million shares at HK$29.80 each, which… Continue reading Chinese cosmetics firm Mao Geping’s shares rise nearly 75% in Hong Kong debutThe cosmetics firm had raised $270m in its IPO.
Realistic expectations, ageing sponsor portfolios to propel buyouts in SE Asia in 2025Reduced IPO activity is also forcing investors to look for alter…
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India’s VC paradox: New funds stand out in 2024 even as overall fundraising dipsNewly-launched VC funds have collectively raised $530m as of end-Novem…
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Bain-backed Japan’s Kioxia targets to raise $800m in IPOBain Capital scrapped plans for an IPO of Kioxia in October.
Bain Capital-backed chipmaker Kioxia‘s initial public offering has raised 120 billion yen ($800 million) including an overallotment after shares were priced in the middle of their marketed range, according to a securities filing on Monday. Kioxia, a major manufacturer of memory chips, set its IPO price at 1,455 yen per share, the filing said. This values the company at 784 billion yen.… Continue reading Bain-backed Japan’s Kioxia targets to raise $800m in IPOBain Capital scrapped plans for an IPO of Kioxia in October.
Google-backed Indian spacetech startup Pixxel raises $24m in Series B extensionPixxel has raised $95m across all funding rounds to date.
Indian spacetech firm Pixxel, building the world’s highest-resolution hyperspectral satellite constellation, has raised an additional $24 million as part of its Series B round, bringing the total funding in the round to $60 million. The Series B extension round added new investors, M&G Catalyst and Glade Brook Capital Partners, who join existing backers Google, Radical… Continue reading Google-backed Indian spacetech startup Pixxel raises $24m in Series B extensionPixxel has raised $95m across all funding rounds to date.
SG energy solution provider BECIS secures $53m from FMO, othersKLP Norfund Investments and Siemens Financial Services also participated, among others,
BE C&I Solutions Holding Pte. Ltd. (BECIS), an energy-as-a-service (EaaS) provider based in Singapore, announced a $53-million equity funding round on Monday. The round was backed by existing shareholders including FMO, the Dutch entrepreneurial development bank; KLP Norfund Investments; firms based in Norway; Pula Investments (represented by Berkeley Energy); and Siemens Financial Services (SFS), the… Continue reading SG energy solution provider BECIS secures $53m from FMO, othersKLP Norfund Investments and Siemens Financial Services also participated, among others,
SG startup Wholly Greens secures $2.4m funding and other SE Asia dealsWholly Greens’ funding round was anchored by Heritas Capital.
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