Venture
Australia’s Square Peg raises $550m across two VC funds
Australian venture capital firm Square Peg Capital has raised USD 550m across two vehicles, including its fourth flagship early-stage fund and a follow-on fund.
Fund focus: Local LPs lift Fireside to new heights
India’s Fireside Ventures has soaked up rising domestic investor appetite for start-ups with an outsized third vintage, claiming that its consumer brands thesis is beginning to bear fruit
China fundraising: Onshore vs offshore
Raising capital for China strategies is difficult right now, regardless of currency, but are geopolitical forces enabling the rise of renminbi-denominated funds at the expense of the US dollar?
Alteria hits $125m first close on India venture debt fund
India-based venture debt investor Alteria Capital has announced a first close of INR 10bn (USD 125m) on its third fund, noting there is plenty of room for growth in a local VC ecosystem where debt accounts for less than 5% of all investments, compared...
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Avataar hits first close on second India growth-stage tech fund
Avataar Venture Partners, an India-based investor in growth-stage B2B technology and software-as-a-service (SaaS) companies, has reached a first close of USD 130m on its second fund. The overall target is USD 350m.
India's Fireside Ventures closes Fund III on $225m
Fireside Ventures, a consumer brands-focused Indian VC firm established by Kanwaljit Singh, co-founder of Helion Venture Partners, has closed its third fund on INR 18.3bn (USD 225m).
Mirae Asset recruits OneVentures director for Australia coverage
Mirae Asset Global Investments has expanded its Australian alternatives team with the recruitment of James McGrath, formerly an investment director at local VC firm OneVentures.
India's TVS Capital recruits managing partner from Flourish
Anuradha Ramachandran, who was previously an India-based director at financial technology specialist Flourish Ventures, has joined TVS Capital Funds as a managing partner.
India's SphitiCap targets $500m for debut VC fund
SphitiCap, a recently established early-stage VC firm in India, has announced the launch of its debut fund targeting USD 500m.
Elev8 targets $200m for India growth-stage fund
Elev8 Venture Partners, a newly established Indian growth-stage investor, has launched its debut fund with a target of USD 200m.
Gobi raises $10m for Asia seed fund
Gobi Partners has closed a USD 10m Malaysia-focused seed fund with contributions from Allianz Malaysia, Malaysia Venture Capital Management (Mavcap) and Sunway Group.
C Ventures rebrands, hits first close on new fund
C Ventures, a VC firm set up by Adrian Cheng, scion of Hong Kong’s New World Development, has rebranded as C Capital – reflecting steps to diversify into a multi-strategy asset manager – and reached a first close on its latest fund.
Australia's Telstra Ventures raises $336m for latest global fund
Australia’s Telstra Ventures has closed its third global fund on AUD 500m (USD 336m), beating a target of AUD 400m. Fund II closed on AUD 675m in 2018 and added a USD 50m sidecar the following year.
Billionaire Venture, DBS to invest $200m in India start-ups
India’s Billionaire Venture Capital and DBS Bank have agreed to invest USD 200m in 150m Indian start-ups via a special purpose vehicle and joint venture (JV).
Bessemer closes latest global VC fund on $3.85b
US-based Bessemer Venture Partners, which is currently expanding a longstanding presence in India, has closed its latest global VC fund with USD 3.85m in commitments.
Q&A: Unitus Ventures’ Surya Mantha
Indian returns-focused impact investor Unitus Ventures is sharpening its thesis around jobs as it celebrates its 10-year anniversary. Surya Mantha, a managing partner at the firm, traces the evolution
Fund focus: Fundamentum finds its niche
As one of few Series B and C specialists operating in India, The Fundamentum Partnership expects to have plenty to choose from over the next two years as the glut of early-stage start-ups thins out
Fund focus: Cherubic continues to scale
Early-stage investor Cherubic Ventures initially struggled to get traction with its idiosyncratic Greater China-US strategy, but the firm sees its USD 110m haul for Fund V as validation of the thesis
GrowX team seeks $100m for spinout India VC fund
The team behind Indian angel investor GrowX Ventures has launched a separate fund targeting USD 100m under the name Merak Ventures.
LPs emphasize differentiation in China venture capital
LPs want to back Chinese venture capital firms that are differentiated from their peers, although there remains an element of discomfort with efforts to achieve this through increasingly popular China-plus strategies.
Singapore's Genesis hits first close on second venture debt fund
Singapore-based Genesis Alternative Ventures has reached a first close on its second venture debut fund, having raised nearly half the overall target of USD 150m.
Fundamentum raises $227m for India growth-stage tech fund
The Fundamentum Partnership, an India-based growth-stage technology investment firm established by Infosys co-founder Nandan Nilekani and Helion Venture Partners co-founder Sanjeev Aggarwal, has closed its second fund on USD 227m.
Taiwan’s Cherubic closes $110m VC fund
Cherubic Ventures, which makes early-stage investments in Asia and the US, has closed its fifth fund with USD 110m in commitments. Total assets under management now exceed USD 400m.
