TechNode Global Staff
ALIAVIA Ventures back female founders with $8.7M fund
ALIAVIA Ventures, the California-based venture capital firm investing exclusively in female tech founded startups across Australia and the United States, has on Tuesday announced the close of its first fund, raising AUD 13.5 million ($8.7 million).
Gobi Partners invests in Malaysian reseller digital ecosystem Ejen2u
Asia-focused venture capital firm Gobi Partners has become the lead investor in Malaysian reseller digital ecosystem Ejen2u's Pre-Series A funding round, alongside Artem Ventures. This investment was made possible through the Khazanah Nasional Bhd (Khazanah)-backed Gobi Dana Impak Ventures (GDIV) fund.
South Korea’s KakaoBank acquires 10 percent stake in Indonesia’s Superbank
South Korean digital bank KakaoBank and Indonesian lender Superbank have announced a strategic partnership to drive digital banking innovation in Indonesia. In this strategic partnership, KakaoBank will acquire a 10 percent stake in Superbank through the issuance of new shares.
Report: Southeast Asia consumer confidence on track for rebound as value-seekers embrace new “needs”
Southeast Asia consumer confidence on track for rebound as value-seekers embrace new “needs”, according to a report launched by Meta, Bain & Company, DSG Consumer Partners on Tuesday.
Singapore’s Circular closes $7.6M in seed funding led by AirTree Ventures
Circular, a Y Combinator-backed Singaporean subscription service focused on high end consumer electronics, has closed its seed funding round of $7.6 million. Led by AirTree Ventures, the funding round also saw participation from investors at YC Continuity Fund, Global Founders Capital, Partech Ventures and January Capital.
PATRIZIA and Mitsui commit $45M to Australian renewables firm YES Group
Germany-based investment manager PATRIZIA and Japan's trading an investment firm Mitsui have committed to invest up to AUD 70 million ($44.53 million) in a major solar and battery development program in Australia through the Asia Pacific (APAC) Sustainable Infrastructure Fund (A-SIF).
Malaysia launches new funds to drive automation, digitalization, and sustainable ESG practices
The Malaysian Investment Development Authority (MIDA) has on Monday announced the launch of new funding facilitation initiatives aimed at catalyzing Malaysia’s industrial growth and fostering economic development. These initiatives include the Domestic Investment Accelerator Fund (DIAF), the MADANI Smart Automation Grant (SAG MADANI) and the Foreign…
1982 Ventures expands regional team with key ecosystem and platform hire
1982 Ventures, the early stage venture capital firm focused on fintech and tech infrastructure in Southeast Asia, has announced the key hire of Amiyandra Suratman as Regional Venture Capital Ecosystem and Platform Lead based in Jakarta, Indonesia. Her responsibilities will be to support the fund with strategic stakeholder relations including portfolio…
MRANTI appoints Rais Hussin Mohamed Ariff as new Chief Executive Officer
The Malaysian Research Accelerator for Technology and Innovation (MRANTI) Board of Director (BoD) has announced the appointment of Dr. Rais Hussin Mohamed Ariff as its new Chief Executive Officer (CEO). Rais will take over from the current Acting Chief Executive Officer and Chief Commercial Officer Khairil Anuar Sadat, effective 9 October 2023.
Singapore’s CrossFund raises additional $1.5M in funding at a $47M valuation
Singapore-based Fintech startup CrossFund has raised additional $1.5 million in funding at a $47 million valuation. The firm has raised its fourth funding round in two years from family offices in the Middle East and North Africa (MENA) and Asia, BlockBase Ventures, UI Investments, Australian Gulf Capital, BXB Capital, and strategic angels.
