Smilegate's corporate VC firm will launch the firm as a successor to its Kairo Fund, which has invested in four Vietnam-based startups.

Kakao Investment contributed to an $11.5m round led by Horizons Ventures that increased the pod accommodation provider's total funding to $15m.

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

Lendingkart has boosted its series D round to $41.3m, taking $11.3m in an extension featuring Bertelsmann India Investments and Sistema Asia Fund.

Microsoft-backed cybersecurity automation technology provider Aqua has now raised in excess of $130m, having closed a series D round led by Greenspring Associates.

Smart customer service technology provider Sobot received $29.5m in a round co-led by Yonyou, with the cash earmarked for product development and marketing.

Harvest Investments supplied more than $14m for Xi Ping, a developer of smart digital advertising technology backed by Guangzhou Daily and COL Digital Publishing.

Naspers has reportedly contributed to a round for the shipping services portal sized at up to $20m, with the cash earmarked for hiring and general business purposes.

Tencent and Unilever Ventures have participated in a series B round for the business accounting platform developer, reportedly valuing it at up to $300m.

Guangzhou Honest Dairy's yoghurt brand has spun off with $56.3m in a round led by Matrix Partners China that will fund the strengthening of its production resources.