Investor · 11 deals
Every published round Tencent took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Tencent has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Tencent, as distinct from the investments it has made.
Companies Tencent has backed that another company then bought. An exit for the holding, not a deal Tencent did.
| Name | Role | Sources |
|---|---|---|
| James Mitchell | Chief Strategy Officer | SmartCompany, Startup Daily |
| Martin Lau | President | Australian FinTech |
Stories naming Tencent. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
AgFunderNews roundup of agrifood funding raises, executive appointments, shutdowns and partnerships, including Ranchbot's Series B, ClimateAi and Cultimate shutting down, and Novonesis seeking sole control of MicroBioGen.
The article recalls a 2021 fund haul that set an Asian record and frames the firm's current capital-raising push as a gauge of whether Asia's private equity market is reviving.
Business Times reports Hillhouse has begun seeking US$7 billion for its sixth private equity fund as Asia-Pacific dealmaking and fundraising pick up, with KKR and Blackstone also raising and past Hillhouse buyouts recapped.
Crunchbase's October 2023 unicorn board update: nine newcomers led by two cybersecurity firms, with Sydney's Employment Hero reaching unicorn status, Shield AI revalued upward, and Convoy and Olive AI shutting down.
Also Crunchbase News
Payments platform Airwallex has teamed up with venture investing platform OurCrowd, letting investors back global startups in local currencies; since February over a third of OurCrowd's FX flow has run through Airwallex.
Blockchain provenance startup Everledger, founded by Leanne Kemp, has entered voluntary administration after an expected funding round fell through, with administrators appointed and staff made redundant despite earlier backing from Tencent and others.
Also Startup Daily
Roundup of six Australian startups that together secured about $196 million this week, covering raises by Airwallex, SunDrive, T-Shirt Ventures, Iluminr, Foodini and Banksia Academy.
Airwallex has secured a $100 million Series E-2 extension at an unchanged $5.5 billion valuation, joined by existing backers plus HostPlus, to fund growth, new products and acquisitions.
Also SmartCompany·Startup Daily·Australian FinTech·SmartCompany·Techboard·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Australian FinTech·Forbes Australia·Australian FinTech·Australian FinTech·Forbes Australia
Profile of Adelaide climate-risk modelling startup Reask, whose co-founder presents in Singapore this week; key backer Tencent is funding its expansion as the team grows across three countries.
Square Peg looks back on putting US$6 million into Airwallex's Series A+ alongside Tencent, Sequoia China, Gobi Partners and MasterCard, explaining why cross-border payment infrastructure needs fixing.
Sydney NFT gaming firm Immutable raised a $280 million Series C valuing it at $3.5 billion, led by Temasek with Tencent and Animoca Brands, six months after an $82 million raise.
Also SmartCompany·SmartCompany·Techboard·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Forbes Australia·Forbes Australia·Crunchbase News
Ignition Lane's weekly technology roundup: climate-tech funding activity, Grok's bid for AGL, King River Capital's digital asset fund, a batch of Australian startup raises, Maropost acquisitions, GigSuper's collapse and a National AI Centre appointment.
Also Startup Daily
OIF Ventures' third monthly portfolio roundup: XM Cyber's roughly billion-dollar sale to Schwarz Group, Assignar's secondary raise, new investments in Inspace, mod.io and Atelier, plus portfolio awards, customers and product launches.
Mod.io, which lets gamers build and share in-game content, has raised $34 million from Tencent, LEGO's venture arm, Our Innovation Fund and earlier backers.
Also OIF Ventures portfolio·OIF Ventures portfolio·Startup Daily·Startup Daily
Square announced plans to acquire Melbourne-based buy now, pay later provider Afterpay in an all-stock deal, and the piece surveys the BNPL sector's backers, competitors and growth forecasts.
Weekly roundup covering ANZ trade sales including A Cloud Guru's multibillion-dollar sale, several Australian raises, Tenacious Ventures' agritech fund close, Xero and Cochlear appointments, and global deals such as Etsy buying Depop.
Also SmartCompany
Ignition Lane's weekly technology roundup: Seequent and Neto acquisitions, imminent listings for AirTasker and MadPaws, large venture rounds at Stripe, Yotpo, PatSnap, SecurityScorecard, Appfire and OpenSea, plus new fund plans and ecosystem news.
Also SmartCompany·Startup Daily·SmartCompany·Startup Daily·Business News Australia
Japan's Mitsubishi UFJ bought a 5 percent stake in Melbourne buy-now-pay-later firm Afterpay for an undisclosed sum, following Tencent's similar 5 percent purchase in May.
Afterpay secured a 5% stake purchase by Tencent, lifting its share price sharply, with founders and a Tencent executive commenting on the investment and possible collaboration.
Tencent bought a five percent stake in Afterpay for $300 million, sending shares sharply higher. The buy-now-pay-later firm's founders welcomed the strategic Chinese investor, which also holds a stake in Airwallex.
Melbourne cross-border payments startup Airwallex announced a $160 million Series D with ANZi Ventures and Salesforce Ventures joining returning backers, lifting total funding to $360 million for acquisitions, market expansion and new products.
Also Startup Daily·SmartCompany·Australian FinTech·SmartCompany·SmartCompany·Techboard·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Australian FinTech·Australian FinTech·Women's Agenda·Australian FinTech·Australian FinTech·TechCrunch Venture
KPMG's report shows Australian fintech investment hit nearly A$3 billion in 2019, driven by CBA's PEXA acquisition and Judo's raise, with notable rounds for Athena, Grow Super and Cover Genius.
Daily tech roundup covering Walmart's engineering workforce, Udaan's US$585 million Series D, Dyson abandoning its electric vehicle project, criticism of AirPods battery waste, and Zip's leadership hires plus acquisitions of PartPay and Spotcap.
Blockchain CRM startup Cere Network has completed a $3.5m seed round with a broad group of crypto investors, and is opening a New York office and a Berlin innovation hub.
Payments startup Airwallex has joined Australia's unicorn ranks after closing a nine-figure growth round led by DST Global, with existing backers returning; it plans overseas expansion and acquisitions of payment companies.
Also SmartCompany
A year-end roundup of Australia's largest 2018 startup capital raises, covering Judo Capital, Deputy, Airwallex, Inflazome, SafetyCulture, Culture Amp, Canva, Havven, Athena, Ansarada and Data Republic, with investors and earlier rounds recalled.
Also Startup Daily·Techboard·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Techboard·Techboard·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Australian FinTech·Forbes Australia·Crunchbase News·TechCrunch Venture·Wholesale Investor
Sydney-based NFT gaming firm Immutable has secured $200 million in new backing spearheaded by Singapore's Temasek, valuing the company at $2.5 billion; Tencent, Mirae Asset, ParaFi Capital and Declaration Partners also joined.
Also cryptobriefing.com·checkcryptonews.com·TechCrunch Venture