Investor · 5 deals
Every published round Tencent took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Tencent has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Tencent, as distinct from the investments it has made.
Companies Tencent has backed that another company then bought. An exit for the holding, not a deal Tencent did.
Stories naming Tencent. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
AgFunderNews roundup of agrifood funding raises, executive appointments, shutdowns and partnerships, including Ranchbot's Series B, ClimateAi and Cultimate shutting down, and Novonesis seeking sole control of MicroBioGen.
The article recalls a 2021 fund haul that set an Asian record and frames the firm's current capital-raising push as a gauge of whether Asia's private equity market is reviving.
Business Times reports Hillhouse has begun seeking US$7 billion for its sixth private equity fund as Asia-Pacific dealmaking and fundraising pick up, with KKR and Blackstone also raising and past Hillhouse buyouts recapped.
Payments firm Airwallex closed a large Series F at a $9.6 billion valuation, led by Square Peg with several local and global backers, while the piece recalls its earlier raises back to 2016.
Crunchbase's October 2023 unicorn board update: nine newcomers led by two cybersecurity firms, with Sydney's Employment Hero reaching unicorn status, Shield AI revalued upward, and Convoy and Olive AI shutting down.
Also Crunchbase News
Payments platform Airwallex has teamed up with venture investing platform OurCrowd, letting investors back global startups in local currencies; since February over a third of OurCrowd's FX flow has run through Airwallex.
Blockchain provenance startup Everledger, founded by Leanne Kemp, has entered voluntary administration after an expected funding round fell through, with administrators appointed and staff made redundant despite earlier backing from Tencent and others.
Also Startup Daily
Roundup of six Australian startups that together secured about $196 million this week, covering raises by Airwallex, SunDrive, T-Shirt Ventures, Iluminr, Foodini and Banksia Academy.
Airwallex has secured a $100 million Series E-2 extension at an unchanged $5.5 billion valuation, joined by existing backers plus HostPlus, to fund growth, new products and acquisitions.
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Profile of Adelaide climate-risk modelling startup Reask, whose co-founder presents in Singapore this week; key backer Tencent is funding its expansion as the team grows across three countries.
Airwallex is reportedly seeking a second Series E extension of about US$150 million, while the article recalls its earlier Series D, E and E1 raises and flags a possible 2024 public listing.
Square Peg looks back on putting US$6 million into Airwallex's Series A+ alongside Tencent, Sequoia China, Gobi Partners and MasterCard, explaining why cross-border payment infrastructure needs fixing.
Sydney NFT gaming firm Immutable raised a $280 million Series C valuing it at $3.5 billion, led by Temasek with Tencent and Animoca Brands, six months after an $82 million raise.
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Ignition Lane's weekly technology roundup: climate-tech funding activity, Grok's bid for AGL, King River Capital's digital asset fund, a batch of Australian startup raises, Maropost acquisitions, GigSuper's collapse and a National AI Centre appointment.
Scalapay, an Australian-founded buy-now-pay-later firm operating in Europe, has raised a combined debt and equity Series B co-led by Tencent and Willoughby Capital, valuing it at $1.9 billion.
Wollongong-born buy-now-pay-later firm Scalapay has reached unicorn valuation after closing a large Series B jointly led by Tencent and Willoughby Capital, following its September 2021 Series A, and plans growth via acquisitions.
OIF Ventures' third monthly portfolio roundup: XM Cyber's roughly billion-dollar sale to Schwarz Group, Assignar's secondary raise, new investments in Inspace, mod.io and Atelier, plus portfolio awards, customers and product launches.
Mod.io, which lets gamers build and share in-game content, has raised $34 million from Tencent, LEGO's venture arm, Our Innovation Fund and earlier backers.
Blockchain CRM startup Cere Network has completed a $3.5m seed round with a broad group of crypto investors, and is opening a New York office and a Berlin innovation hub.
Sydney-based NFT gaming firm Immutable has secured $200 million in new backing spearheaded by Singapore's Temasek, valuing the company at $2.5 billion; Tencent, Mirae Asset, ParaFi Capital and Declaration Partners also joined.
Also cryptobriefing.com·checkcryptonews.com·TechCrunch Australia