Angela Sormani
Standard Chartered Private Equity has acquired a minority stake in An Giang Plant Protection Joint Stock Company. AGPPS is a distributor of plant protection chemicals and rice seeds in Vietnam.
Online marketplace lending platform The Credit Junction has secured $2 million in seed funding. The round was led by GLI Finance Limited, a specialist lender to small and medium sized businesses, with participation from strategic individual investors.
Huy Vietnam Group has secured a $15 million equity financing from institutional investors and family offices from Malaysia, Korea and Hong Kong. The Series B round of funding will be used to support the company's network expansion in Ho Chi Minh City and Hanoi.
CapMan Russia II fund has reached a final close. The fund invests in small and mid-sized companies in Russia.
Ecommerce technology company Qubit has raised a $26 million Series B investment led by Accel Partners. Original investor Balderton Capital and Salesforce Ventures, Salesforce.com’s corporate investment group also participated.
Catch up on the latest news after the weekend including the most active PE firm this year, a study into clean tech investing and some insights into state pension fund allocations to alternative assets.
Vital Capital has made a commitment of $10 million to US company, WaterHealth International. The business provides access to clean, safe water in underserved communities worldwide.
Drive Capital has led a $35 million investment in Udacity, an online learning startup. Drive Capital co-founder Mark Kvamme will join the company's board of directors.
uuzuche.com, a private car sharing platform, has received $10 million in Series A funding. The financing is led by Lightspeed China Partners with participation from China Renaissance K2 Ventures and Angel Investor Wang Gang.
Apptentive has completed a $5.3 million Series A fundraising round led by SurveyMonkey and Origin Ventures. The company's previous investors including Founders Co-op and Golden Venture Partners, also participated, along with the company's founders.