NIO Capital nears completing first round of $500m auto fund to tap new tech

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The company is discussing with sovereign-wealth funds, energy and insurance companies in Asia and Europe for its first dollar fund,

INCJ makes growth capital investments in Tokyo’s Optical Comb, PeptiStar

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INCJ will be investing $3.7 million in Optical Comb while PeptiStar will get up to $7 million from the Japanese investor.


India: SoftBank-backed fintech firm True Balance raises $23m bridge round

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Japan-based Line Ventures Corporation, Korean search engine Naver, Korean lender Shinhan Bank and TS Investment are said to have participated in the latest round.


Eight Roads backs Japanese web analytics firm Plaid’s $25m round

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Plaid’s Karte has analysed an accumulated total of 2.2 billion users and up to ¥548bn in annual sales.


Fitness startup CureFit in talks to raise $75m, to expand offerings

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CureFit investors Accel Partners, IDG Ventures, Kalaari Capital, and UC-RNT Fund are keen on funding a majority of the proposed new round


SaaS startup Fyle gets funding from Pravega, Beenext

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The new funding round also saw participation from Girish Mathrubootham-led Freshworks, also one of Fyle’s enterprise clients


Japan’s Gaiax invests in Gobi-backed crowdsourced tour startup Triip

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Triip said the latest financing sees its valuation jump to $10 million from $2 million in 2016.


Asia is the next destination for billionaire Steve Cohen’s Point72 Ventures

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Asia presents a chance to “swing big” because it’s unburdened by technological infrastructure, particularly in financial services, said Matthew Granade, who oversees investments at the venture-capital arm of Cohen’s Point72 Asset Management.


Chinese VC funds pumping money into US biotech as Beijing chases new cures

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Chinese VCs poured $1.4 billion into U.S. biotech firms in the three months ending March 31, accounting for 40% of the $3.7 billion that the companies raised in the period overall, PitchBook data shows.


Insurance platform Coverfox raises $22m round led by IFC, return backer Transamerica

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SAIF partners, Accel and Catamaran Ventures also participated in the current round.