Venture Capital

Japan's Genesia Ventures has completed the final close of its fourth fund at $113 million, with the capital earmarked for seed-stage startups across Japan, Southeast Asia, and India.

Australasian venture capital firm Pacific Channel announced Tuesday the acquisition of ENGIE Factory Asia-Pacific Pte Ltd, along with the portfolio of securities it holds in seven early-stage climate-tech ventures focused on solar solutions, cooling, climate markets, sustainable housing, bioenergy, and data center efficiency.

The Australian Government has committed up to $10 million to Fund II of Vietnam's Do Ventures , in order to support climate-focused businesses in Vietnam and strengthening the country’s climate investment market.

Vietnam-based solar energy startup Stride has raised $15 million in a Series B funding round, while early investor Touchstone Partners announced a partial exit from the company.

The Securities Commission Malaysia (SC) and Bursa Malaysia Securities Berhad (Bursa Malaysia) have on Monday proposed enhancements to Bursa Malaysia’s LEAP Market, the main platform for early-stage and emerging companies.

Aspire, a Singapore-based financial platform for businesses, has launched a revamped version of its Aspire for Startups program, offering early-stage companies access to more than $500,000 in partner rewards, financial incentives and operational support.

LOTTE Ventures Vietnam, the venture capital arm of South Korean chaebol LOTTE Group, is seeking multiple investment opportunities of up to $1 million.

An Indonesian court sentenced eFishery founder Gibran Huzaifah to nine years in prison on Wednesday, concluding a high-profile $300 million financial scandal that led to the collapse of one of Southeast Asia’s most celebrated startups.

The optimal development path for startups in Vietnam at the moment is to join conglomerates, such as via merger & acquisition (M&A) deals, instead of striving for initial public offering (IPO), said Erik Duong, founder of Web3 X, an investment fund and incubator specializing in Web3 and Blockchain startups.

Earth Venture Capital, a climate tech venture capital firm focusing on decarbonization, has announced its participation in Sygaldry Technologies’ $139 million financing round, which includes both a $34 million seed round and a $105 million Series A.