Legend Capital helped provide $340m for SJSemi while Samsung, OpenSea, OKX, Circle and Christie’s participated in LayerZero’s $120m series B round.

Funds Saison Capital, the Singapore-based corporate venturing arm of Japan-headquartered payment services firm Credit Saison, has formed a token fund to back Web3 technology developers, Tech in Asia reported. The unit will invest between $200,000 and $500,000 per deal, with possible follow-on funding also available. Singapore-based, financial technology-focused private equity firm 01Fintech has raised an undisclosed amount of financing from Sinar Mas Financial Services, a subsidiary of conglomerate Sinar Mas. Industrial manufacturing firm VDL Group provided an undisclosed amount of capital for Netherlands-based, student startup-focused venture capital firm Round One Ventures. Funding China-based semiconductor producer SJ Semiconductor (SJSemi) received almost $340m in a series C+ round featuring TCL Capital, a subsidiary of electronics manufacturer TCL Corporation, and Legend Capital, the VC firm formed by conglomerate Legend Holdings. It was joined by Goldstone Investment, Jade Stone Venture, Shang Qi Capital, Leafoison Capital, China Fortune-Innovation Capital, GLP-C&D Capital, Oriza Rivertown and Oriza Hua Capital. The deal lifted the company’s overall funding to $1bn and valued it at $1.8bn. CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsLayerZero LabsDecentralised messaging protocol providerITCanadaB12004/04/2023Circle (Circle Ventures), OpenSea (OpenSea Ventures), Samsung (Samsung Next), Christie’s; Andreessen Horowitz (A16z Crypto), Sequoia Capital, BondAdcendo Cancer drug developerHealthcareDenmarkA89.5 (updated)04/04/2023Novo (Novo Holdings); Pontifax Venture Capital (lead), Ysios Capital, RA Capital Management, HealthCap, Gilde HealthcareAMsilkSilk biopolymer developerIndustrialGermanyC59 (updated)04/04/2023Novo (Novo Holdings), Cargill; Athos (AT Newtec) (lead), MIG Capital, ER Capital Holdings, MIG VerwaltungsMercy BioAnalyticsLiquid cancer biopsy developerHealthcareUSA4103/04/2023LabCorp, Bruker; Novalis LifeSciences (lead), Sozo Ventures, Hatteras Venture Partners, iSelect Fund, American Cancer Society (BrightEdge), Broadway Angels4.ScreenDriver information and communication platformTransportGermanyA22.904/04/2023Continental (Continental Corporate Venture Capital) (co-lead); S4S Ventures (co-lead), BayBG, Friba Investment, SummiteerMagenta MobilityElectric vehicle-based delivery serviceServicesIndiaA12205/04/2023BP (BP Ventures); Morgan Stanley (Morgan Stanley India Infrastructure)FinanzguruProvider of AI-equipped financial advice softwareFinancialGermanyN/A14.204/04/2023Scor (Scor Ventures) (co-lead), PayPal (PayPal Ventures) (co-lead), Deutsche Bank, HDI Group (Hannover Digital Investments); Coparion, VR Ventures, Venture Stars, Frank StraussSpendfloSoftware-as-a-service subscription management platformITUSA1104/04/2023Prosus (Prosus Ventures) (co-lead); Accel (co-lead), Together Fund, Signal Peak Ventures, Boldcap VenturesMakerVerseOn-demand manufacturing serviceIndustrialGermanyA10.204/04/2023Siemens (Siemens Energy), Zeiss; 9.5 Ventures (lead)Forefront RFFabless semiconductor technology producerITUKN/A8.304/04/2023Foresight Group/WAE (Foresight WAE Technology Funds); BGF, Science Creates VenturesCyfirmaCyberthreat intelligence software providerITIndonesiaA5.504/04/2023Larsen & Toubro, NTT Finance; OurCrowdDr B Dental SolutionsOral care brand HealthcareUSSeed505/04/2023Hall Group (lead); undisclosed dentistsSepura HomeFood waste separation device developerConsumerUSSeed3.704/04/2023Blanco (lead)DozerData infrastructure API developerITSingaporeSeed304/04/2023Alphabet (Gradient Ventures); Sequoia Capital (Surge), January CapitalMegaton FinanceDecentralised financial protocol providerFinancialSouth KoreaSeed1.504/04/2023Orbs, MEXC Global (MEXC Ventures); TonCoin.Fund, Cypher Capital, First Stage LabsStaywaySubsidy digitalisation platformFinancialJapanN/A<1 ($760,000)05/04/2023Vector; Kepple Capital (DX Fund), University of Tokyo (U-Tokyo Entrepreneur Supporter’s Club Incubation Fund), Association of Listed Company Managers from Nara Prefecture, Association of Listed Company CFO Accountants, unnamed certified public accountant associations, unnamed…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.