Asia
US’s Orbital Insight expands to Southeast Asia with Thailand as its first target
Orbital Insight, a geospatial analytics and location intelligence solutions provider based in Palo Alto, California, announced Thursday its expansion into Southeast Asia. The firm has recently announced its first partnership in the region with Thaicom, Thailand’s leading satellite operator and provider of integrated satellite communications.
Amasia creates impact assessment framework to evaluate climate impact for early-stage companies
Amasia, a global early-stage venture capital firm focused on sustainability and climate, said Wednesday it has created a robust impact assessment framework to evaluate and manage the climate impact of investee companies.
Asset tokenization projected to grow 50 times into $16T opportunity by 2030, says BCG, ADDX report
A newly-published report by global consulting firm BCG and ADDX, the digital exchange for private markets, forecasts that asset tokenization will expand into a $16.1 trillion business opportunity by 2030. This growth comes as the crypto winter is prompting capital to focus on more viable blockchain use cases.
Singapore’s DBS partners with Hong Kong’s The Sandbox to launch ‘DBS BetterWorld’
DBS, a Singapore-based financial services group, announced Friday a partnership with The Sandbox, a Hong Kong-based decentralised gaming virtual world and a subsidiary of Animoca Brands, to create DBS BetterWorld, an interactive metaverse experience showcasing the importance of building a better, more sustainable world, and inviting others to come…
Animoca Brands raises $110M funding led by Temasek, Boyu Capital, GGV Capital
Animoca Brands Corporation Limited, the Hong Kong-based company advancing digital property rights for the open metaverse, announced Thursday that it has closed a strategic funding round for $110 million led by Temasek, Boyu Capital, GGV Capital.
South Korea’s ITSBLOC raises $7.5M to build a brand-new Web 3.0 game platform
ITSBLOC, a South Korea-based web 3.0 game platform, announced Wednesday that it successfully closed $7.5 million in an investment round. In particular, in institutional investment round, a total of eight institutions including Vista Labs, Nexus one, Edimus Capital, Atlas Capital, Bull&Bear, and three other institutions participated.
Hong Kong’s Wada Bento bags $2.8M Pre-Series A funding for expansion
Wada Bento, A Hong Kong start-up with a new decentralised foodservice platform, announced Wednesday the successful conclusion of a fresh round of Pre-A funding, landed over HK$22 million ($2.8 million) since seed funding. Investors include Golden Resources Development Limited, Cyberport Macro Fund, EthAum Capitals in Singapore, Hong Kong Tech300, Gravity…
CREDAI and Venture Catalysts form $100M Proptech fund in India
The Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts, an India-based integrated incubator and accelerator for startups, have partnered to set up a $100 million PropTech fund to invest in startups bringing in innovative disruption in the realestate sector.
Australia’s Morse Micro raises $140M Series B funding led by Japan’s MegaChips Corporation
Morse Micro, an Australia-based fabless semiconductor company reinventing Wi-Fi for the Internet of Things (IoT), announced Tuesday $140 million in Series B funding. The round was led by MegaChips Corporation, a leading ASIC and SoC services company based in Japan.
China’s Tencent up stake in French gaming firm Ubisoft
Chinese multinational technology and entertainment conglomerate Tencent has increased its stake in French gaming firm Ubisoft to 9.99 percent from 4.5 percent. Tencent is paying €300 million ($297.19 million), including €200 million ($198.13 million) share acquisition and €100 million ($99.06 million) capital increase, to Guillemot Brothers for 49.9 percent…
