On location
Singapore private equity firm Azalea launches first sustainability fund
Azalea Investment Management Pte. Ltd. (Azalea) has launched the Altrium Sustainability Fund I (ASF I), which will invest in environmental, social and governance (ESG) focused opportunities to achieve positive environmental and social outcomes alongside private equity financial returns. ASF I is a PE fund-of-funds product that enables institutional and…
Consortiums partnering banks, e-wallets have an upper hand to bag Malaysia digital bank licenses
Consortiums partnering with financial institutions and e-wallet operators will have an upper hand in securing a digital banking license in Malaysia, according to analysts.
Japanese space industry startup Synspective raises $100M in Series B funding
Synspective Inc. has raised $100 million in a Series B funding round. The latest funding was led by Sompo Japan Insurance Inc. (Tokyo, Japan), Nomura SPARX Investment, Inc. (Tokyo, Japan), and Pavilion Capital Pte. Ltd. (Singapore) among others, as well as bank loans. This puts its total funding value at $200 million since its founding.Synspective will use…
Indian spacetech startup Pixxel nets $25M Series A funding led by Radical Ventures
Pixxel announced Monday a $25 million Series A funding led by Radical Ventures. Additional participation in Pixxel’s Series A comes from Jordan Noone, Seraphim Space Investment, Lightspeed Partners, Blume Ventures, Sparta LLC and Inventus Capital India, Pixxel said in a statement. The new funding will enable Pixxel to expedite production of the world’s…
South Korean AI-driven FinTech firm Akros Technologies bags $3.75M funding led by PeopleFund
South Korea-based artificial intelligence (AI)-driven asset management fintech start-up Akros Technologies (Akros) announced on Tuesday that it has raised $3.75 million led by South Korea-based peer-to-peer lending platform PeopleFund.
Singapore’s Mighty Jaxx closes Series A funding with new strategic investors including iDreamSky Technology
Mighty Jaxx announced Tuesday the final, undisclosed close of its oversubscribed Series A+ funding round. The new tranche sees new strategic investors iDreamSky Technology Holdings Ltd along with another undisclosed, leading technology company with rich intellectual property (IP) resources coming onboard, fuelled by burgeoning interest in the phygital and…
Singapore esports player Ampverse raises $12M Series A funding led by Falcon Capital
Singapore esports player Ampverse on Tuesday announced its $12M Series A fund raise, the largest to date of any esports organisation in Southeast Asia. The round was led by global investment fund Falcon Capital. The round also included follow-on investment from both Singaporean fund Vulpes and Gandel Invest, both of whom participated in prior Ampverse…
China’s Greenland Financial Technology partners Singapore’s MetaVerse Green Exchange for cross-border digital carbon credits and crypto assets
Greenland Financial Technology Group (Shanghai), a core platform of Greenland Group, a global Fortune 500 company and one of Shanghai’s largest state-backed enterprises focusing on real estate, infrastructure and finance, and MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS), have…
Sea Ltd’s Shopee to close down India operations – report
Shopee reportedly said in its statement it would work "to support local seller and buyer communities and our local team to make the process as smooth as possible".
Malaysia’s private equity and venture capital funding up 26.75% to $3.52B in 2021
Malaysia's total committed funds for private equity and venture capital rose 26.75 percent to MYR14.83 billion ($3.52 billion) in 2021 from MYR11.7 billion ($2.78 billion) in 2020, according to Securities Commission Malaysia's (SC) 2021 annual report revealed on Monday.Total committed funds under management for private equity increased to MYR9.65 billion…
