Author: Yimie Yong

The new funds will boost Techxila Fund I’s investments in early-stage tech companies across Pakistan.

Quincus looks to use Series B funding to continue expanding its footprint in Asia-Pacific, the Middle East, and select markets in Latin America, Europe, and North America.

Startup Studio Indonesia has a preference for the following six sectors: education, health, maritime, agriculture, travel, and logistics but put more emphasis towards selection criteria: product-market fit traction, founder’s profile, local defensible-factor, and market size.

The fund aims to back digital asset companies across Europe and Southeast Asia, focusing on companies developing distributed ledger technology infrastructure, decentralized finance solutions, and regulatory technology tools.

The EUR5.5 billion Global Value SICAV Fund is the first fund by a major PE firm to be tokenized anywhere in the world.

The latest round is led by Altara Ventures, Auspac Ventures, Gobi Partners and the Leong family of Malaysia-based property developer Mah Sing Group led by Leong Hoy Kum.

The company is offering 2.9 million shares at a price range of $8 to $10. At the mid-range, this puts the IPO at around $26 million at a $188 million valuation.

Forge Ventures said it will build a concentrated portfolio of just 15 companies over the next three years with a focus on Singapore and Indonesia.

The funds will be used to grow the user base of its e-wallet application - TrueMoney Wallet - and to expand digital financial services, including digital lending, digital investment, and cross-border remittances across Southeast Asia.

The first phase of the DuitNow-PayNow linkage will be launched in the fourth quarter of 2022 and will allow customers of participating financial institutions to make real-time fund transfers between Malaysia and Singapore using just a mobile number.