News
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.
Asia Partners closes its inaugural fund for Southeast Asia startups at $384M
Singaporean growth equity firm Asia Partners has closed its inaugural fund, Asia Partners I LP, at $384 million. This is the largest debut technology fund that will focus on investments in growth-stage startups in Southeast Asia.
Quest Ventures and ScaleUp Malaysia team up to invest in 11 companies for #Quest2Scale
The joint venture will be disbursing a total of $680,185 (RM2.75 million). Each of the 11 companies will be receiving an investment of $68,144 (RM250,000) to help grow their businesses.
AppWorks targets $150M Fund III to provide support for more startups across Taiwan and Southeast Asia, already raising $114M so far
With its Fund III, AppWorks is now stocking up on marketing securities to make more investments in sectors such as artificial intelligence, Internet of Things, blockchain, and decentralized finance.
UNObank to pilot in the Philippines as Xebia partners with Singapore-based DigibankASIA to launch the full-service digital bank
It will be a full-service digital bank that will have its pilot launch in the Philippines with a target to expand across the region.
