Singapore’s NRF awards $30m to CapitaLand, DeClout, Wilmar, YCH to invest in local startups

By
Posted

The scheme is designed to encourage these enterprises to engage in corporate venturing, in order to source for new technologies and business models.

China’s TMT-focused Meridian Capital launches $305m fund

By

Meridian Capital China raised an earlier fund of $183 million committed capital from the same anchor investors, in 2014.


Japan’s incubator ABBALab sets up $14m fund focused on Internet of Everything startups

By

Japanese startup incubator ABBALab has launched a $14 million Internet of Everything (IoE) fund for Japanese startups.


Former U.S. Ambassador to Japan, ex-partner at Andreessen Horowitz launch $335m debut fund to bridge Silicon Valley and Japan

By

Mitsubishi Corporation is the anchor investor, and other limited partners include Sumitomo Mitsui Banking Corporation, Mitsubishi Heavy Industries, The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation, among others.


India: Enterprise software startups catch investor fancy as consumer internet wanes

By

Apart from established venture capital firms such as Accel Partners, Sequoia Capital and others that are increasing their investments in enterprise start-ups, some new funds such as Ideaspring Capital and Utilis Capital are launching with a sharp focus on enterprise deals.


IDG Ventures India to step up investments in consumer tech startups

By

IDG will invest $500,000 to $1 million in early-stage deals as well as $3-$5 million in Series A deals. IDG will invest in 15 to 25 start-ups by the end of December. The company is looking at mobile-first shopping apps, digital media start-ups, software providers for Internet companies and others.


India: EduPristine raises $10m from Kaizen, US education firm DeVry

By

Accel Partners, which invested $1.5 million in the company, exited with this round of funding. The company had raised an undisclosed amount in angel funding from Mark Mobius and Rajesh Sehgal.


Silicon Valley VCs raise money at fastest rate in a decade, but conserve cash to ride downturn

By

Venture capitalists are raising money at the fastest rate in a decade, raking in about $13 billion in the first quarter of 2016. But much of that cash won’t flow into new startups anytime soon. Rather, venture firms are bracing for a downturn and boosting reserves to keep companies they have already backed from going bust.


Alibaba Pictures’ online ticketing platform raises $260m at $2.1b valuation

By

Alibaba Pictures Group Ltd said that its O2O platform was now worth $2.1 billion based on the new financing raised from a group of investors led by CDH Investments, Ant Financial Services Group and Sina.com.


SoftBank exploring stake sale in Finnish game developer Supercell

By

Supercell, which makes games for mobile phones including Clash of Clans and Boom Beach, has held talks with potential strategic buyers based in China. A sale could value the whole of Supercell at more than $5 billion.