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With its pre-Series A fund, the company looks to speed up its growth and gain more traction in its existing markets, as well as expand its reach across untapped markets within the region. 

Through this acquisition, Qoala plans to speed up technology scalability and innovation across all its businesses by using its learning from Indonesia and Thailand to strengthen its core competencies and digital offerings across all its markets.

Pluang plans to utilize its fresh capital by investing in developing unique and proprietary financial products including new asset classes.

Through tokenization, securities such as bonds, equity, and funds will be available on blockchain networks through smart contracts.

This is the fund's first investment since being founded in early 2020. ADB Ventures’ first vehicle closed at $60 million last September 2020, $10 million over its initial target.

Since establishment in 2014, Openspace Ventures has invested in 33 companies across verticals including logistics, FinTech, AgriTech, EdTech, HealthTech, CleanTech, and B2B SaaS. One of the firm’s earlier investments includes Indonesian unicorn Gojek.

Targeting to invest in around 40 companies, the fund intends to focus on tech-enabled B2B or B2B2C startups in their pre-Series A to Series A round of funding with an average investment of $500,000 per startup.

Founded in 2014 by Facebook co-founder Eduardo Saverin and former Bain executive Raj Ganguly, the firm has mostly invested in companies in enterprise technology, FinTech, HealthTech, consumer enablement technology, transportation, and logistics industries in their Series B to C round of funding.

With four years of investments, AddVentures aims to scale its operations as it selected Prakit as its Managing Director. He has led AddVenture’s effort to lead and scale since January 2021. Prakit brings in his experience in logistics, packaging, chemicals, construction materials after leading SCG’s Zero-To-One and DeepTech Innovation. 

The multilateral's $100M fund aims to address the lack of late-stage funding for impact projects. The fund will concentrate on investing in companies in their Series B stage of funding for scaling and expansion.