E-commerce continues to draw the most funding with $2.66 billion; fintech firms stood a distant second with just $151 million.
Megakaryon Corporation, Every, Base and Cognitee, technology businesses based in Tokyo, have raised funding for further growth.
Chinese startups Panda Insurance, Moredian, Hongliyu Cinema have received funding in multiple deals while a US biotech firm has secured funding from a Shanghai enterprise, according to China Money Network. F1 Oncology secures $10m F1 Oncology, a US-based biotech firm discovering and developing adoptive cellular therapies for solid tumors, has… Read more »
The funds will also enable the firm to open its global corporate headquarters in the Greater Philadelphia Area.
The second half of 2017 saw Thai startups bagging plush investments, including aCommerce, which raised $65 million in a Series B round in November, Zilingo ($17 million) and Pomelo ($19 million), thereby pushing the total deal value over $100 million.
The top 10 largest deals in the year were dominated by Asian companies. The largest deal of the year was the $5.5 billion funding of China-based Didi Chuxing
This is the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms.
The planned fund will be one of the largest venture capital funds to be raised in Southeast Asia.
Dream Incubator, which has already made a couple of investments in the country, plans to launch the India-specific fund in March.
In May last year, the firm had raised $4 million in Series A funding from IDG Ventures India and DHFL.