US

Xiang He Capital racks up $425 mln for fund

Xiang He Capital, a TMT-focused venture firm in China, has closed its second US-denominated fund at a hard cap of $425 million, beating its $350 million target. The fund's limited partners include global consultants, university endowments, foundations, family offices, pensions and fund-of-funds.

DSG Consumer Partners collects $65 mln for third fund

DSG Consumer Partners has raised $65 million for its third fund, according to an SEC filing. Based in Mauritius and Singapore, DSG invests in consumer companies in India and Southeast Asia.

Greenwave Opportunity Fund targets $250 mln

Greenwave Opportunity Fund is seeking to raise $250 million. The fund will invest in, acquire and develop clean energy projects focusing on real estate, energy and water applications.

Kasisto grabs $15 mln

New York City-based Kasisto, a provider of a digital experience platform for the financial services industry, has secured $15 million in funding. Rho Capital Partners led the round with participation from previous backers Oak HC/FT, Propel Venture Partners, Two Sigma Ventures, Commerce Ventures and the Partnership Fund for New York City. In addition to the funding, Habib Kairouz will join Kasisto's board of directors.

OpenGov raises $51 mln

OpenGov said Sept. 3 that it raised $51 million in Series D funding lead by Weatherford Captial and 8VC. Existing investor Andreessen Horowitz participated in the round. OpenGov provides cloud solutions for budgeting, performance, communications and reporting.

Credit Sesame picks up over $43 mln

California-based Credit Sesame, a consumer credit health management platform, has raised over $43 million in equity and debt funding. ATW Partners led the round.

Trinity Ventures leads Series A round for Baton Systems

Baton Systems, a provider of blockchain-inspired, bank-to-bank payments infrastructure, has raised more than $12 million in Series A funding. Trinity Ventures led the round with participation from Alsop Louie and Commerce Ventures.

Ideaship backs SmartBeat

Salt Lake City, Utah-based SmartBeat, a B2C infant monitoring system solutions company, has secured an undisclosed amount of seed funding. The backer was Ideaship.

Quansight Futures launches $20 mln early-stage fund

Quansight Futures has launched Quansight Initiate, an early-stage investment fund. The target is $20 million. The fund will invest in startups that leverage open-source technologies.

VC-backed Chinese gay dating app Blued to go public: Bloomberg

Blued, a China-based gay dating app, is reportedly planning an IPO that could raise about $200 million, reported Bloomberg. The listing will likely take place next year and could put the company at a valuation of around $1 billion. Blued's backers include CDH Investments, UG Capital, Shunwei Capital, DCM Ventures and Vision Knight Capital, according to Crunchbase.