On location

The fund targets to invest in companies across consumer education, healthcare, manufacturing, and business services in Southeast Asia, with focus on Singapore

Malaysian private equity firm Creador is reportedly planning to launch its fifth fund by March 2021 and is targeting a fund size of $650 million. Focusing on growth capital investments, Creador primarily targets companies in Malaysia, India, Indonesia, Vietnam, Singapore, and the Philippines.

Lupl is a privately-held company based in Washington, DC specializing in the management of large volumes of legal transactions. It has been increasing its presence in Asia as it recently signed a Memorandum of Understanding (MoU) with the Ministry of Law of Singapore to advance the city-state’s legal sector digitalization.

Bluzelle says that customers who have already been using the company’s decentralized database service will find a seamless transition from the previous blockchain network. The mainnet is a hard fork from the soft mainnet, the company explained.

Darwinbox plans to use this fresh capital to scale its operations within India and Southeast Asian markets, as well as expand in other emerging markets in the Middle East and Africa. 

The startup program targets pre-Seed and Seed-stage startups. It provides mentorship, investments, as well as a full technical or non-technical team to partner startups. These can be small founding teams or founders with an MVP or prototype. The co-foundery model can also be applied to startups that are already on their way to traction.

With this acquisition, Sea, which is regarded as Southeast Asia’s most valuable company, strengthens its foothold in the FinTech sector. The company is inching closer towards its goal of becoming the financial technology leader in the ASEAN region.