Asia-Pacific

Despite investor concerns about how sustainable AI-enabled fintechs' business models are, Nnamdi Okike expects fairly rapid adoption of these technologies to continue.

The Chinese VC is seeking $600m for its ninth flagship fund after raising $3.2bn for its previous effort.

Amid increasing pet ownership, longer lifespans for cats and dogs and the trend to treat pets as family members, venture capitalists are betting on expanding market opportunities in animal health.

Government-related group British International Investment and Lucknow-based Small Industries Development Bank of India are among the Mumbai firm's limited partners in earlier funds.

VCs worldwide raised a combined $16.8bn, the lowest quarterly figure since Q4 2015, according to Venture Capital Journal research.

The Alternatives Investing Center will help financial advisers navigate investment strategies within venture capital and other private asset classes, adding to other efforts to sharpen the investment firm’s focus on private markets.

The Australian VC firm previously raised a record A$1.03bn for its fifth flagship fund in 2022.

The fund is anchored by the Fonds de solidarité FTQ, while its other LPs include Capital régional et coopératif Desjardins, Fonds québécois d'amorçage Teralys and TD Innovation Partners.

The fund's LPs include the Dutch entrepreneurial development bank FMO, Ford Foundation, MetLife and Mastercard.