China private equity firm Hony Capital will back China-based companies looking to acquire non-domestic assets by teaming up with domestic partners. According to Hony founder, John Zhao, there are opportunities in overseas developed markets where asset prices have come down significantly making the second half of 2013 a good time to invest.
Month: June 2013
SalesForce to shake-up Japan’s accounting sector with A-SaaS
Asia-based Gree Ventures, the corporate venturing unit of mobile social media company Gree, has invested alongside strategic investor SalesForce.com, a customer relationship management (CRM) software and cloud computing company, and Japan-based venture capital investor, Mobile Internet Capital, in a seed round of funding worth YEN625m ($6.6m) in Japan-based Accounting SaaS Japan (A-SaaS). The start-up provides… Continue reading SalesForce to shake-up Japan’s accounting sector with A-SaaS
WeiPass gadget triggers IDG investment
IDG Capital Partners, the corporate venturing unit of media technology and research firm IDG, has invested a reported $4m into China-based WeiPass.
Pindrop Security calls on Citi
Phone fingerprinting technology company closes $11m series A funding led by Andreessen Horowitz and Citi Ventures.
Reed Elsevier rides SpaceCurve
Reed Elsevier Ventures returns for $10m series B financing of big data platform.
Fab has designs for Tencent
China-based internet company Tencent and Japan-based trading company Itochu join $150m first tranche of Series D financing for online design store Fab.com.
WPP and Docomo inspired by Muzy
WPP Ventures and Docomo Capital invest in $4.4m funding round for mobile microblogging service.
Delivery Hero comes to the rescue
Trinket Info Services, which runs Pune-based food ordering service TastyKhana.com has attracted $5m from existing backer Delivery Hero in a series A round.
IDG gets head start in China ESN with Facishare
The enterprise social networking (ESN) segment in China is expected to see dramatic growth this year, with IDG Capital making a head start with a re-investment in China-based Facishare.
Saybot says Alo to Qualcomm
Qualcomm Ventures, the corporate venturing unit of mobile and computing systems company Qualcomm, sees a fun and educational journey ahead for Chinese children wanting to learn English. A multi-million dollar investment in Alo7.com is their latest foray into the online education market.
Intel Capital has $16m retail therapy
Intel Capital, Intel Corporation’s global investment and M&A organisation, has made three investments in e-commerce firms seeking to scale up and extend their businesses in Asia, the corporate venturing unit reported from the World Economic Forum held in Myanmar. The investments, totaling approximately $16m, are: India’s Bright Lifecare, a distributor of nutrition, health and wellness… Continue reading Intel Capital has $16m retail therapy
Deutsche Telekom incubator reaches out in Israel
Hub:raum sets up for Israeli technology-intensive seed stage start-ups
Publicis boards Flite
Flite, a US-based paid media publishing company, has raised $9m funding led by Iris Capital, the venture capital investment company sponsored by France-based communications company Publicis Groupe and France-based mobile telecommunications company Orange, with participation from Flite’s existing investors, including Sequoia Capital, Hummer Winblad Venture Partners, General Catalyst, and US-based magazine publisher Condé Nast. Flite… Continue reading Publicis boards Flite
Google-backed RetailMeNot to float
Google Ventures-backed digital coupon marketplace files for $230m IPO on Nasdaq.