TLDR:
– HongShan raises RMB 18 billion fund
– Partior secures USD 60 million in Series B round
In the latest funding news in the Asia Pacific region, HongShan, formerly Sequoia Capital’s China unit, has raised RMB 18 billion for its latest fund, making it the largest fundraising by a privately-owned VC firm in China over the past year. Partior, a fintech company, has announced the first close of a USD 60 million Series B round, with plans to enhance financial market infrastructure and global financial connectivity.
Additionally, Miridih, known for its software-as-a-service design platform MiriCanvas, secured KRW 20 billion in a Series B funding round. Packworks, a startup targeting sari-sari stores in the Philippines, received USD 60,000 to support its operations. Recent deals in China include UniXell Biotechnology, Quanten Technologies, Maize Yufeng, and Ligu Renewable Energy completing funding rounds for their respective projects.
