The Vietnam-focused venture firm’s maiden fund has attracted commitments from limited partners Naver, Sea and Woowa Brothers on the way to a $50m target.

The $14.6m round was co-led by distribution partner Fosun Pharma and also featured existing investor Baidu Ventures,

Xiaomi was among the participants in a round sized at approximately $14.6m that was led by venture capital group IDG Capital.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The online course and tutoring provider, which counts Tencent, BCC and Naspers as investors, bumped its valuation up to $10.8bn in the round.

Prudential and AIA are reportedly in advanced discussions to invest in Grab Financial Group, which is seeking $300m to $500m in capital.

Checkout.com made its first investment in the cross-border payment platform as part of a round that will fund its expansion in emerging markets.

The single-cell diagnostics technology provider closed a series A round led by Lilly Asia Ventures that also featured Tencent.

Japan Post Investment Corporation and Astellas Venture Management backed a series C round that will fund preclinical and clincical trials of the company's radiotherapy system.

Backed by Research Institute of Tsinghua University in Shenzhen, CoWin Biosciences supplies biological reagents for diagnostics and research applications.