Author: Deal Street Asia Online News

Greater China: NuProbe raises $50m and 18 more deals worth $377m

Chinese genomics and molecular diagnostics firm NuProbe has secured $50 million in a Series B round of financing to move forward with its product and team expansion plans in China and the US. The Series B round was led by its existing shareholder Panlin Capital and a $1-billion joint fund between British-Swedish pharmaceutical giant AstraZeneca… Continue reading Greater China: NuProbe raises $50m and 18 more deals worth $377m

Cathay Capital hits $240m first close of Growth RMB Fund II, targets $448m …

Global investment firm Cathay Capital has secured the first close of its second RMB-denominated growth fund at over 1.6 billion yuan (almost $240 million), while it targets 3 billion yuan ($447.6 million) for the final closing, the firm announced on Thursday. Cathay Growth RMB Fund II is backed by cornerstone investors Valeo, a publicly-listed automotive… Continue reading Cathay Capital hits $240m first close of Growth RMB Fund II, targets $448m …

SG crypto finance startup Cloudwall Capital nets $6.3m and other SE Asia deals

Cloudwall Capital, a Singapore-based crypto-focused digital asset risk management startup, has announced raising $6.3 million in a seed funding round co-anchored by UK-based venture capital investors LocalGlobe and Illuminate Financial. Launched in 2021, Cloudwall Capital seeks to bridge the traditional finance world with digital assets and decentralised finance. Its product, Serenity, is building risk management… Continue reading SG crypto finance startup Cloudwall Capital nets $6.3m and other SE Asia deals

Data Vantage: Tiger Global backs KitaLulus and HitPay, and other updates

Indonesia-based jobs platform KitaLulus has secured $8.15 million in a Series A funding round led by Tiger Global Management, according to regulatory filings. The round was joined by Rocketship.vc, Go-Ventures, Indogen Capital, FEBE Ventures and Goodwater Capital. Several angel investors also participated in the round, including former GoPay CEO Aldi Haryopratomo, Pluang CEO Claudia Kolonas,… Continue reading Data Vantage: Tiger Global backs KitaLulus and HitPay, and other updates

Antler-backed Josudo to merge with Singapore’s M42 Esports …

Josudo, a Singapore-based online platform that connects amateur e-sports players with professional coaches, is merging with the global e-sports organisation Meliora 42 Esports (M42), DealStreetAsia has learnt. Though Josudo, backed by the early-stage VC firm Antler and Battery Digital Holdings, has been partnering M42 Esports for a few months, a financial deal is being finalised… Continue reading Antler-backed Josudo to merge with Singapore’s M42 Esports …

Djarum-backed Blibli plans to raise over $500m in imminent Indonesia IPO

Indonesian e-commerce player Blibli is understood to have finalised its plan for a potential listing on the domestic market in the coming weeks,  according to three sources aware of the development. Backed by Indonesian conglomerate Djarum Group, Blibli is planning to raise around $500 million in its initial public offering on the Indonesia Stock Exchange… Continue reading Djarum-backed Blibli plans to raise over $500m in imminent Indonesia IPO

SG payments startup HitPay confirms $15.8m Tiger Global-led Series A

HitPay, an online payments startup for SMEs in Singapore, announced that it has raised $15.75 million in a Series A funding round, confirming DealStreetAsia’s report published in May. The funding round was led by Tiger Global, with participation from returning investors Global Founders Capital and HOF Capital, according to the announcement. DealStreetAsia first reported about… Continue reading SG payments startup HitPay confirms $15.8m Tiger Global-led Series A

India lines up banks for e-commerce effort to take on Amazon, Walmart

India‘s effort to break Amazon Inc and Walmart Inc’s dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said. Some of India‘s biggest banks are in discussions about setting up “buyer platforms” to let their… Continue reading India lines up banks for e-commerce effort to take on Amazon, Walmart

GGV, Softbank lead $66m round of US blockchain provider InfStones …

Global venture capital firm GGV Capital and SoftBank Vision Fund 2 have led a $66 million funding round in the US-based blockchain infrastructure provider InfStones, the company said in a statement on Wednesday. The company is nearing unicorn status following the latest financing round, the statement added without specifying the current valuation. Go to Source