Chinese semiconductor firm Gowin Semiconductor Corp has raised 880 million yuan ($132 million) in a Series B+ round of financing to fund its ambition of promoting the development of domestic field-programmable gate arrays (FPGAs). Guangzhou-based Gowin mainly provides FPGAs, which are integrated circuits (ICs) that can be reprogrammed for a desired application after manufacturing. Due… Continue reading Chinese semiconductor firm Gowin closes $132m Series B+ round …
Author: Deal Street Asia Online News
Delta Corp leads $10m funding in Three Wheels United and India deals worth $108m
Three Wheels United (TWU), a tech-enhanced financier of light electric vehicles in India, has raised $10 million as part of its Series A funding round led by Delta Corp Holdings, it announced Wednesday. The current funding round, which is a combination of equity and debt, also saw participation from new and existing investors including Techstars,… Continue reading Delta Corp leads $10m funding in Three Wheels United and India deals worth $108m
RobotPlusPlus raises $15m and 20 more deal updates from Greater China worth $146m …
Chinese food delivery giant Meituan and conglomerate Fosun International have led a $15-million Series B funding round in RobotPlusPlus to help the aerial work robots developer speed up product R&D and global expansion. The Series B round brings startup’s total fundraising amount to about $35 million. It had completed a Series A round of over… Continue reading RobotPlusPlus raises $15m and 20 more deal updates from Greater China worth $146m …
Singapore streetwear marketplace Novelship raises $10m Series A
Novelship, a Singapore-based sneaker and streetwear marketplace, has raised $10 million in a Series A funding round led by GSR Ventures and East Ventures, the company announced on Wednesday. The round, which was joined by Singapore-based K3 Ventures and iGlobe Partners, brings Novelship’s total funding to $12.4 million to date. The startup plans to use… Continue reading Singapore streetwear marketplace Novelship raises $10m Series A
Vietnam Digest: Vietcetera launches VC fund; Visa Foundation invests in Beacon Fund …
Media startup Vietcetera has launched Vietnam Innovators Fund, while Visa Foundation has signed an agreement to invest in Beacon Fund. Vietnam Innovators Fund launched Vietnam Innovators Fund is the latest investment vehicle to join Vietnam’s startup ecosystem. The fund is established by media startup Vietcetera CEO Hao Tran, and German entrepreneur and investor Horst Geicke.… Continue reading Vietnam Digest: Vietcetera launches VC fund; Visa Foundation invests in Beacon Fund …
Indonesian robo-advisor Bibit secures $80m in funding led by GIC
Indonesian digital investment platform Bibit raised more than $80 million in a funding round led by Singapore sovereign wealth fund GIC Private Limited (GIC), joined by Prosus Ventures and other existing investors, according to a statement on Wednesday. In February 2022, DealStreetAsia had first reported about the development stating that the firm is in talks… Continue reading Indonesian robo-advisor Bibit secures $80m in funding led by GIC
PE firm KKR raises $1.1b for inaugural Asia credit fund
Private equity major KKR & Co has announced the final close of its inaugural KKR Asia Credit Opportunities Fund (ACOF) at $1.1 billion, making it one of the largest inaugural pan-Asia credit funds to date. The fund, which focuses on performing privately originated credit investments in Asia Pacific, is KKR’s continued buildout in the region.… Continue reading PE firm KKR raises $1.1b for inaugural Asia credit fund
Indonesian startups downsize to cut costs amid global headwinds …
Several Indonesian technology companies are reportedly laying off staff to rein in costs amid unfavourable global economic conditions. DealStreetAsia has confirmed that at least four tech companies, including LinkAja and Zenius, have decided to let go of a significant number of employees due to various reasons, mainly as cost-cutting measures and changes in corporate strategy.… Continue reading Indonesian startups downsize to cut costs amid global headwinds …
Shipper receives commitments for $65m, said to be in market to raise $100m
Indonesian tech-enabled logistics services provider Shipper has received fresh commitments worth around $65 million in an ongoing fundraising round, as it attempts to raise a total of $100 million to fuel expansion, DealStreetAsia has learnt. The latest commitments have largely come from existing investors Sequoia Capital India, DST Global, Prosus Ventures, Lightspeed, Insignia Ventures, and… Continue reading Shipper receives commitments for $65m, said to be in market to raise $100m
French fund-of-funds Eurazeo said to be raising $2.68b across 2 vehicles
French fund-of-funds (FoF) Eurazeo is in the process of raising a total corpus of 2.5 billion euros ($2.68 billion) across two major funds as it looks to ramp up its investment in the Asia Pacific region, besides its home turf Europe. Of the total corpus, Eurazeo plans to allocate as much as 2 billion euros ($2.1… Continue reading French fund-of-funds Eurazeo said to be raising $2.68b across 2 vehicles