Zinitix Co., Ltd, a South Korea-based fabless developer of touch controller ICs for smartphones and tablets, received an investment from Intel Capital. The amount of the deal was not disclosed. The company intends to use the capital for product development and market expansion. Founded in 2000 and led by president and CEO James Jong Man […]

Seoul, South Korea-based startup accelerator SparkLabs has launched to support Korean startups in the Internet, online gaming, mobile, and digital media sectors. Founded by serial entrepreneurs, Hanjoo Lee (Hostway), James Kim (Nexon), and Bernard Moon (Vidquik), SparkLabs aims to fill the gap for Korea’s entrepreneurs who seek connectivity, knowledge and mentorship as they work to […]

Saehwa International Machinery, a Korean manufacturer of tire building machinery, has received a direct equity investment from Partners Group and STIC Investments. With subsidiaries operating in China, Southeast Asia and North America, the company provides products globally and its customer base includes several of the global top ten tire manufacturers. The investment, whose amount remained […]

Baring Private Equity Asia closed its fifth fund with US$2.46bn in investor commitments. The Baring Asia Private Equity Fund V, L.P. was oversubscribed with more than US$1bn in excess demand and over 30 new institutional investors. Approximately 47% of the investor commitments came from North America, 28% from Asia, and 25% from the Middle East […]

Axiom Asia Private Capital Management Services, L.P.,a Singapore-based firm focusing on fund investments in buyout, venture capital and growth capital opportunities in the Asia Pacific Region, announced the final closing of its second fund, Axiom Asia Private Capital Fund II, L.P. Axiom II’s total investor commitments of US$950m exceeded the initial target of US$750m. It […]

MASTERIMAGE Co., Ltd, a Korean maker of Theatrical, Display and Mobile 3D imaging systems, has been acquired by US based Symphony 3D Holdings. MASTERIMAGE provides 3D industry solutions that cross a variety of platforms including stereoscopic and auto-stereoscopic products for mobile devices, theatre systems, medical imaging and the plasma and LCD display markets. The new […]

Nesscap Inc., a South Korean ultracapacitor manufacturing and power storage solutions company, closed a $9m bridge financing round. The round was led by a London-based venture capital fund, I2BF Venture Capital, with the participation from other local and international co-investors. Nesscap will use the funds to expand its manufacturing and production capabilities, for working capital […]

PharmAbcine, a specialized biotech company focused on the development of fully-human monoclonal antibodies for the treatment of cancer and inflammatory diseases, received US $6m in a Series A financing. The round was co-led by OrbiMed’s Caduceus Asia Partners and Novartis Korea Venture Fund, with additional participation from an international syndicate including Green Cross, Tong Yang […]

The Korea Venture Investment Co. (KVIC) and Cisco announced that SkyLake Incuvest & Co. has been designated as the manager of a new investment fund to support Korean IT innovation. The new fund, named “SkyLake Global Incuvest 4 (SGI4)”, was formally submitted to the Korean Financial Services Commission for approval today. SkyLake will focus on […]