News

HSBC Malaysia launches $106.92M New Economy Fund, providing lending to tech-led businesses & startups

The fund will primarily support lending to tech-led businesses and emerging startups from Series B stage and beyond who are tapping opportunities within Malaysia’s growing digital economy.

Vertex Ventures SEA & India completes Fund V’s final close at $541M

The fund corpus includes a dedicated co-investment envelope of $50 million for co-investing alongside the main fund in startups led by women founders.

Taiwan’s TenMax & Infobip join forces to democratize marketing automation in Indonesia

TenMax will offer Infobip’s omnichannel communication solutions to the Indonesian market.

MATRADE, MDEC ink MoU to enhance Malaysian tech companies’ global footprint

The MoU aims to better facilitate the current and export ready Malaysian tech companies in strengthening their global footprint through more concerted and collaborative trade promotion initiatives.

Southeast Asia’s pet ecosystem platform Petotum, Malaysia’s Etiqa General Insurance Bhd launches pet insurance product

PAWer Insurance introduces innovative features including cashless admission at panel veterinary clinics and a seamless claims experience for pet owners. Beyond insurance, "PAWer Insurance" is poised to unlock the full potential of the veterinary industry in Malaysia and contribute to responsible animal ownership and animal welfare efforts, the companies…

Gobi Partners invests in Malaysia’s e-waste recycling firm ERTH

ERTH not only facilitates responsible e-waste disposal but also rewards contributors with cash incentives or vouchers.

917Ventures’ PetPal targets $1.6B pet care market in Southeast Asia – expands access to essential pet care for Filipinos

PetPal Club subscription service provides users unlimited teleconsultations for up to two pets annually, along with discounts on pet services. A mobile app version is expected to launch later this year.

Indonesia’s manufacturing platform Manuva raises $8M from Tin Men Capital & others

Tin Men Capital, a Singapore-based venture capital firm which focuses on Southeast Asian B2B tech startups has invested $3 million in the total $8 million financing raised by Manuva.

Regional InsurTech firm Igloo expands Thailand operations to support country’s $32B insurance industry

Igloo has appointed John Chen as Country Manager, Igloo Thailand. In his new role, Chen will spearhead the growth and operations of Igloo in the market, in addition to establishing more strategic partnerships and delivering an expanded range of insurance products to Thai consumers.

Norway sovereign fund closes Shanghai’s office, Singapore office to serve as regional hub

The sovereign fund said its investments in China remain unchanged and the decision is driven by operational considerations and does not affect the fund’s investment strategy or its investments in China.