Facebook co-founder Saverin’s new fund hits first close at $143.6m; aims to bridge funding gap in Asia
By Anirvan Ghosh
The firm plans to invest in innovative tech firms around the world. It has offices in Manhattan Beach and San Francisco in California, and Singapore.
Seed to series A investor IMJ Investment Partners, who has already made one venture funding in a Ho Chi Minh City-based startup, IMJ is sourcing for more opportunities in Vietnam.
Chat-bots have come to the fore this year as large technology companies like Facebook, Google and Slack have adopted them in a big way. They also offer a simplified user experience at a time when smartphone users are inundated with multiple smartphone apps.
The new funding round is released over a period of two years and comes from private investors who previously invested in Qureshi’s property business AIQ Global.
China: Social networking app Tantan secures $32m Series C; ChinaEquity picks 11.1% stake in electric firmBy Chalida Ekvitthayavechnukul
China’s Tinder, Tantan app, announced the latest financing round of $32 million. ChinaEquity Group has invested in Shenzhen Hifuture Electric Co for $252 million.
This is the second round of funding for the firm run by Centaur Datacorp Pvt Ltd, after it raised an undisclosed angel round from Raghunandan G. (founder, TaxiForSure), Rajesh Rai (venture capitalist and co-founder, Venturesity), Arihant Patni (managing director, Hive Technologies), Sanjay Mirchandani (owner, Mirchandani Group), Arun Narayan (director, UK India Business Council) and others in February.
Australian wealth manager AMP Capital has reached a deal to acquire the largest U.S. underground parking system for $370 million in a joint venture with private equity firm Northleaf Capital Partners.
The Hewlett Packard Ventures program, also known as Pathfinder, is targeting startups that focus on big data, security, and the cloud and data center. It intends to invest approximately $100 million this year. The company might invest $5 million to $10 million in an expansion-stage round—and potentially invest more in later rounds.
“The government has approved these incentives because they would like to attract more VC funds to invest in Thailand. This will also help promote technology-based business to grow in Thailand more rapidly,” the minister said.
Ho Chi Minh City has launched a $1.3 million fund to make investments in small tech companies. VinaCapital has divested its entire stake at 21st Century International Development JSC, a local real estate firm.