By Juliet Shwe Gaung
The financing was joined by Abu Dhabi-headquartered Mubadala’s newly created European Ventures Fund.
The VC arm of VinaCapital has backed Urbox, a digital gifting platform, and Wee Digital, a fintech startup that uses biometrics and AI to authenticate customers.
Nutrition Innovation is VVNP’s sixth portfolio company and its first in Singapore.
Innoviti plans to use the funds for its payments infrastructure and terminals, in addition to technology expansion and hiring people.
The flagship Accel XIV fund totals $525 million, up from $500 million in 2016. Accel also raised a growth fund of $1.5 billion, up from $1.2 billion, and a $500 million Leaders Fund.
Matrix Partners China and Huaxing Growth Capital, the private equity arm of China Renaissance, also participated in the round.
It plans to use the proceeds from series C to improve its supply chain, expand its offline channels and add more product lines.
The SC also hopes to see greater participation from the private sector to spur the local venture capital and private equity industry.
Korea Development Bank, Korea Investment Holdings, KB Financial Group, and Nau IB Capital’s growth capital fund also participated in the round.
Q Venture Partners focuses on global IoT and enabling technologies.