Global VC funding in clean energy on the rise: Mercom Capital

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Venture capital funding for energy efficiency companies rose across the world this year, according to clean energy consulting firm Mercom Capital. During June-September, these companies raised $316 million venture capital funding in 17 deals, up from $211 million in 18 deals in the previous quarter. The companies could raise $667… Read more »

India: Fintech startup Razorpay raises $9m from Tiger Global, Matrix Partners, other investors

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Razorpay, an online payment gateway, has raised $9 million in a round led by Tiger Global and Matrix Partners. The Bangalore-based startup, which was incubated at Y Combinator, had earlier raised $2.5 million in seed funding. That round, which the company had not announced before, was funded by Matrix Partners,… Read more »


NY-based Onevest launches invitation-only digital investor network, 1000 Angels

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Onevest has launched 1000 Angels, the world’s largest digital-first, invitation-only investor network, allowing member investors to build a venture portfolio free of management fees, carried interest, or large capital commitments. In a statement, New York-based Onevest said, the network serves as a re-invention of the traditional venture model by providing members with… Read more »


Indonesia: Laku6 secures undisclosed seed funding in round led by GGV

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Indonesia-based used phone ecommerce site Laku6 has secured an undisclosed amount of seed funding, after launching in July 2015, with Singapore-based Golden Gate Ventures (GGV) leading the investment, followed by several local angel investors. Launched by co-founders Alvin Yap (CEO) and Heng Shing Kae (CTO), the founding team combines serial… Read more »


Exclusive: Vertex Venture beats $200m target for third China fund, hits final close on first US Fund, nears $120m mark for fourth Israel Fund

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Singapore state-fund Temasek Holdings’ wholly owned investment arm – Vertex Venture Holdings – has got commitments of more than $200 million for its third China fund, a top executive with the firm said. The venture capital arm of Temasek is also close to reaching its $120 million target for its fourth Israel fund. It… Read more »


Softbank Group expects to invest several billions a year in promising start-ups

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Tokyo-based Softbank Group Corp. expects to invest “several billions” of dollars a year in promising start-ups and established businesses, as the Japanese firm seeks to expand into a global corporation and cultivate a future generation of leaders, a media report said quoting its chairman Masayoshi Son. According to a Bloomberg report,… Read more »


Singapore’s Honestbee raises $15m in Series A led by VC firm Formation 8

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Singapore-based Honestbee, an on-demand grocery concierge and delivery service company, has successfully raised a Series A round of $15 million, led by VC firm Formation 8. Some of the other investors in the Series A of the concierge grocery delivery service that conducts same-day delivery for customers are Pejman Mar Ventures;… Read more »


Thai co-working space HUBBA raises $350K pre-Series A from 500 Startups, Ardent Capital, Golden Gate Ventures

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Thailand’s leading co-working space HUBBA has secured $350,000 in pre-Series A round led by 500 Startups, Ardent Capital, Golden Gate Ventures, Thai high-profile startup founders and angel investors. The proceeds will be mainly spent on two projects. One is a joint venture with Thailand’s top property developer Sansiri PCL, to… Read more »


India: VCs scramble to cash in on FinTech boom, capitalize on disruptive technologies

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Venture capital (VC) investments in fintech, or start-ups in the financial technology area, have seen a threefold increase over the last year as investors seek to cash in on potentially disruptive technologies shaping a cashless economy. Globally and in India, the financial services sector is rapidly moving towards digital payments… Read more »


HK-based Klook Travel raises $5m from Matrix Partners, China Growth Capital; to expand to Singapore

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Hong Kong-based Klook Travel, which engages in the pan-Asian sales of travel activities across different Asian markets, has secured a $5 million Series A investment from a syndicate led by US-Sino investment fund Matrix Partners, China Growth Capital and angel investor Francis Leung, chairman of CVC Capital.  Incepted in September 2014 by the founding team of Erick… Read more »