Venture Capital

Vertex Ventures China closes second RMB fund at over $490m

Vertex China is deploying capital from its second RMB and fifth USD fund.

Analysis

Carbontech expands footprint in SE Asia but road ahead dotted with challenges

Carbontech platforms in SE Asia have attracted investments worth over $300m since Q2 2023.

Venture Capital

Vertex Ventures backs S Korean quantum computing firm Norma

Norma is looking at raising a bridge round and plans to go public in H2 2025.

Venture Capital

Singapore’s Jungle Ventures said to target $600m for latest fund

The Singapore-headquartered firm announced the close of its fourth vehicle at $600m in May 2022.

Venture Capital

Recommerce platform ReturnKey raises Series A funding

Argor Capital and Vertex Ventures invested in the round.

Analysis

Charticle: First-time VC fund managers in SE Asia had one of their toughest years in 2023

In 2023, only two funds managed by first-time GPs achieved a final close, compared with 13 the previous year.

Venture Capital

India’s Kuku FM hits high note with $25m in Series C funding

The round was co-led by Nandan Nilekani-backed Fundamentum Partnership and IFC.

Deals

Editor’s take: The week that was—Sept 11-16

Our weekly roundup of news, views, and more spanning SE Asia, India, and China.

Venture Capital

Vertex Ventures closes SE Asia & India Fund V at $541m, exceeds target

Fund V had targeted to raise $450 million.

Venture Capital

Risk management platform Certa raises $35m in Series B funding

The round was led by fintech-focused Fin Capital and Vertex Ventures SE Asia and India