The government-owned Cool Japan Fund has provided $10m for the seed-stage venture firm's Japanese fund, which also counts Nikon, Mixi, Mitsubishi Estate and Mizuho Bank as backers.

The CHA Medical Center-founded Solidus Investment Company was among the participants as the therapeutic antibody developer raised series A funding.

First rumoured a month ago, MobiKwik has now confirmed it is seeking between $100m and $150m in a funding round expected to close in the next couple of months.

Existing investor Tencent led the round, which took the rapidly expanding bike sharing service's total funding to more than $1bn in 18 months.

Didi Chuxing has joined the investors in Grab's forthcoming $1.5bn round, which will be led by SoftBank, and could be joined by Alibaba or Ant Financial.

A fund set up by steelmaker Shougang Group has participated in a Sequoia Capital China-led round that followed a $250m series A closed just nine months ago.

Daimler was among the investors that took part in a $150m second tranche, adding to the $350m Careem raised from backers including Rakuten and Saudi Telecom in January.

The Doosan-backed e-book distributor has raised $20m from ShinHan Finance Investment, Praxis Capital Partners and Company K Partners.

The insurance firm has co-led a $15m round for online insurance comparison platform Coverfox that valued it at between $70m and $100m.