SK has provided $50m in funding for Ascend Elements while ServiceNow took part in a $35.6m series C round for Fairmarkit.

M&A

Equity management platform Carta has acquired Capdesk, a UK-based peer backed by Fidelity International Strategic Ventures, part of financial services and investment group Fidelity. The company had secured £11.7m ($13.5m) in total funding having most recently completed a $6.9m series A round in March 2021 co-led by Fidelity International Strategic Ventures.

Fund

China-based dairy product manufacturer Inner Mongolia Yili Industrial Group has formed a $100m private equity vehicle to back companies outside of its home country, according to a filing with the Shanghai Stock Exchange on Wednesday seen by Deal Street Asia. Hong Kong Jingang Trade Holding Company has secured a limited partner, YJLC, which is part of Yili Group’s Hong Kong Jingang Trade Holding Company subsidiary.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Ascend Elements Lithium-ion battery recycling and materials company Energy and Natural Resources US N/A 50 01/09/2022 SK (SK Ecoplant)
Fairmarkit Automated sourcing platform for goods and services Services US C 35.6 01/09/2022 ServiceNow; Omers Growth Equity (lead), GGV Capital, Insight Partners, HighlandX, 
QQ Technology 5G satellite operator  Telecoms Luxembourg A 13.1 01/09/2022 Saudi Aramco (Wa’ed Ventures) (co-lead); Phaistos Investment Fund (co-lead)
Broker Network Proptech startup Services India N/A 11.3 01/09/2022 Info Edge
Turn Systems Reusable cup provider Consumer US N/A 5 01/09/2022 Live Nation
C-mo Medical Solutions Cough monitoring device creator Healthcare Portugal Seed 4.1 01/09/2022 Boehringer Ingelheim Corporation (Boehringer Ingelheim Venture Fund) (lead); Portugal Ventures, HighTech Gründerfonds
Haru Invest Digital asset management platform Financial Singapore N/A 4 01/09/2022 Cocone Corporation (lead)
AdiWisista Employee-focused lending service Financial Indonesia A 1.8 02/09/2022 Luminor Financial (lead)
Silence Laboratories Cybersecurity online platform IT Singapore Seed 1.7 01/09/2022 ImToken (ImToken Ventures); Pi Ventures (lead), Daniel Ari Friedman, Mahin Gupta, CK Vishwakarma, Priyeshu Garg, Ashish Tiwari
Pajarito Powder Hydrogen and fuel cell catalyst producer Energy and Natural Resources US B N/A 02/09/2022 Bekaert, Hyundai Motor Company; Verge Fund, Omphalos Venture Partners
Smartfren Telecom Telecoms subsidiary of conglomerate Sinar Mas Group  Telecoms Indonesia N/A N/A 02/09/2022 Alibaba (Lazada)
Ampeers Energy Climate-neutral real estate site operator Services Germany N/A N/A 30/08/2022 S!stems
Edison Fu

Edison Fu is head of Asia development at Global Corporate Venturing.