Greater China
The investor said about half of its existing LPs doubled down on the new fund.
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Singapore
EDBI and SGInnovate, among others, joined the round as new investors.
India
The fund will invest between $7m and $25m per company.
With China’s ByteDance-owned TikTok still facing a ban in the US, RedNote is seen as an alternative.
The investments will be from ZGC Science City’s $1.4b third fund.
The round includes a $53 million all-equity Series C2 raise.
Sumitomo Corporation and Iberis Capital backed the round.
The round was led by Nandan Nilekani’s Fundamentum Partnership.
World
Patients with severe paralysis are using Neuralink to control devices with their thoughts.
Rest of Asia
The round was co-anchored by MindWorks ETEC Fund and Golden Resources Development International.
