MoEngage, a Bengaluru-based customer analytics and cross-channel engagement platform, has announced raising $77 million in a Series E funding round co-anchored by Goldman Sachs and venture capital firm B Capital. The funding round, which is the third fundraising for MoEngage in the last 12 months, was also participated by existing investors Steadview Capital, Multiples Alternate… Continue reading Indian customer engagement platform MoEngage raises $77m
Author: Deal Street Asia Online News
Binance’s VC arm mops up $500m fund to invest in Web3, blockchain
Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces. The fund is supported by investment firms DST Global Partners, Breyer Capital and Whampoa Group as well as by other private equity firms… Continue reading Binance’s VC arm mops up $500m fund to invest in Web3, blockchain
Chinese industrial software maker UniVista raises $164m series pre-A funding …
Shanghai UniVista Industrial Software Group announced on Wednesday that it has raked in over 1.1 billion yuan ($164.3 million) in a series pre-A round as the startup looks to upgrade its industrial software and design solutions to better serve semiconductor companies. The new round saw participation from investors including IDG Capital, CAS Investment Management, China… Continue reading Chinese industrial software maker UniVista raises $164m series pre-A funding …
Warburg Pincus leads $250m investment into Vietnamese developer Novaland
A Warburg Pincus-led consortium has completed a $250-million investment in No Va Land Investment Group JSC (Novaland), a key member of NovaGroup, one of the leading developers in Vietnam, according to an announcement. The move is consistent with Warburg Pincus’s approach of backing best-in-class local partners in the market and marks the beginning of a… Continue reading Warburg Pincus leads $250m investment into Vietnamese developer Novaland
China’s Yingke PE secures final close of RMB fund at $150m …
Yingke PE has raised 1 billion yuan ($150 million) for a new RMB-denominated fund in a sign that fundraising by blue-chip investment companies in China is largely immune to pandemic-induced city lockdowns and business suspensions. The Shanghai-based firm announced the closing of the RMB fund on Monday, right before authorities in the city ended a… Continue reading China’s Yingke PE secures final close of RMB fund at $150m …
HSBC to invest $448m in China ops, sees opportunities amid challenges
HSBC Holdings plans to invest more than 3 billion yuan ($448 million) in its China operations, Chief Executive Noel Quinn told state news agency Xinhua, saying he sees challenges for the economy but also opportunities for investment. Quinn said the investment would be carried out over a five-year period running until 2025 without specifying the divisions that would receive the cash. While… Continue reading HSBC to invest $448m in China ops, sees opportunities amid challenges
Asia Digest: Blackstone acquires assets in Japan; MSREI snags four logistics assets in China
Blackstone has joined forces with independent asset manager Alyssa Partners to acquire assets in four Japanese cities while Morgan Stanley Real Estate Investing has acquired a portfolio of four logistics assets in cities surrounding Shanghai from Singapore-based SC Capital Partners. Blackstone acquires assets in Japan for $157m PE firm Blackstone has joined forces with independent… Continue reading Asia Digest: Blackstone acquires assets in Japan; MSREI snags four logistics assets in China
US pension fund set to commit $75m to LaSalle’s sixth Asia real estate fund
The Los Angeles-based Water and Power Employees’ Retirement Plan (WPERP) has finalised its $75-million commitment to LaSalle Investment Management’s sixth Asia real estate fund, according to the US pension fund’s May investment report accessed by DealStreetAsia. The had earlier committed up to $60 million from its Retirement Fund and up to $15 million from the… Continue reading US pension fund set to commit $75m to LaSalle’s sixth Asia real estate fund
Asia Digest: Infomedia buyout offer; GD1 backs tech fund; iFarmer fundraise …
Australia’s Infomedia has received a preliminary buyout offer while GD1 joins as the lead investor in a new fund from fellow New Zealand VC firm Phase One Ventures. Meanwhile, Bangladesh-based agri platform iFarmer completed its pre-Series A round. Battery Ventures bids $471m for Infomedia Australia-listed SaaS player Infomedia Ltd has received a A$657.6 million ($466.76… Continue reading Asia Digest: Infomedia buyout offer; GD1 backs tech fund; iFarmer fundraise …
Euphoria over, SE Asia’s dozen first-time fund managers will be put to test
As the Southeast Asian private equity (PE) and venture capital (VC) industry comes of age, fundraising has become more vibrant, including activity by first-time funds focusing on the region. However, the ongoing turbulence in the market will put emerging managers to test. A dozen new-to-market PE and VC vehicles announced their first or final close… Continue reading Euphoria over, SE Asia’s dozen first-time fund managers will be put to test