News
After $50M Series A, iSTOX tokenizes Temasek-backed Astrea VI private equity bonds for enhanced access and automation
Through tokenization, securities such as bonds, equity, and funds will be available on blockchain networks through smart contracts.
ADB Ventures announces first two investments: an India CleanTech and an EV company with planned Southeast Asia expansion
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.
Temasek-backed Openspace Ventures closes third vehicle at $200M
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.
M Venture Partners maiden fund closed at $30.85M to provide early-stage venture capital for B2B and B2B2C startups
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.
B Capital’s $126.3M Ascent Fund II is geared toward supporting earlier-stage tech companies
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.
AddVentures appoints Prakit Worawattananon as Managing Director to leverage SCG resources and start expansion
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.
ADB Ventures plans $100M debt fund support for growth-stage companies in CleanTech and AgriTech by 2022
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.
Velocity by 917Ventures, a venture building program for Southeast Asia founders, to start 3-month bootcamp in April
Velocity is a 3-month corporate innovation program that enables venture builders to build their MVP, market their solutions, and refine their value proposition, along with Seed funding support for successful startups.
Indonesia last-mile delivery platform SiCepat closes $170M Series B and looks to potentially expand across Southeast Asia
The last-mile delivery startup plans to use its fresh capital to invest in working on its current services and infrastructure, and it is also entertaining the possibility of expanding in other markets within the Southeast Asian region.
Singapore e-scooter company Neuron Mobility gears up for South Korea launch to provide tech-driven micromobility options
The company will be launching 2,000 units that meet Korean safety standards to test how the product will be used in Seoul. It plans to scale its operations and deploy more units in the city later in the year.
