Asia
Hong Kong’s Babel Finance raises $80M Series B funding, valuation hits $2B
Babel Finance, a Hong Kong-based crypto financial service provider that provides digital asset loans, said Tuesday it has raised $80 million in a Series B funding round, and the investment increased the company's worth to $2 billion. Leading venture capital companies such as Circle Ventures, 10T Holdings, Jenerations Capital, BAI Capital and Bertelsmann,…
India’s ShareChat closes $520M round at $5 billion valuation
ShareChat (Mohalla Tech Pvt Ltd), India’s largest homegrown social media company, announced Thursday the closure of its multi-tranche funding round through which it raised a total of $520 million and reached $5 billion in valuation.
United States Mythical Games partners South Korea’s Kakao for APAC expansion
United States-based next-generation blockchain gaming studio Mythical Games announced Thursday a partnership with Kakao Games, South Korea’s leading publisher of online and mobile games. Moving forward, Mythical will integrate and support the BORANETWORK – an affiliate of Kakao Games and its proprietary blockchain and layer 2 ecosystem – as both entities…
Animoca Brands acquires Israeli EdTech platform TinyTap for $38.88M
Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the metaverse, announced Thursday it has completed the acquisition of 80.45 percent of the issued capital of Israeli EdTech platform TinyTap Limited (TinyTap), for a consideration of $38.88 million in cash and shares.
Singapore’s GIC backs French sustainability rating firm EcoVadis in $500M funding round
EcoVadis, the French provider of globally trusted business sustainability ratings, said Tuesday it has raised $500 million with plans to accelerate its vision of influencing every business decision with sustainability intelligence, becoming a sustainability impact unicorn. The round brings EcoVadis’ total capital raised to over $725 million and was led by…
US-Japan venture capital firm World Innovation Lab raises over $1B additional capital
United States and Japan-based venture capital firm World Innovation Lab (WiL) announced Tuesday that the firm has raised over $1 billion in additional capital. The capital will be deployed across multiple funds including WiL’s third growth fund, WiL Ventures III; WiL’s venture fund investments, WiL Strategic Partners funds; and corporate VC (CVC) funds.…
Vertex Ventures Southeast Asia & India promotes Pui Yan Leung, Kanika Mayar to Partners
“Both Pui Yan and Kanika are purpose-driven investment professionals with extensive experience in investing and working with start-up founders. They have made significant contributions to VVSEAI and have constantly provided valuable insights and perspectives to our deal decisions,” said Joo Hock Chua, Managing Partner at VVSEAI, said in a statement.
VEON Ventures makes $15M Series A investment in Pakistan B2B marketplace Dastgyr
VEON Ltd., a global digital operator that provides mobile connectivity and services, announced Tuesday that the group's VEON Ventures division has completed a $15 million investment as part of a Series A round for Dastgyr, a Pakistan-based business to business (B2B) e-commerce marketplace platform. This investment will contribute towards boosting Pakistan's…
Korea’s CNAI raises $4.1M from Centauri Fund and IMM Investment
Korea-based artificial intelligence (AI) enablement company CNAI announced on Monday that it has raised a $4.1 million pre-series A funding round co-led by Centauri Fund and IMM Investment.
China’s regulator denies conducting work on Jack Ma’s Ant IPO revival; Ant says no plan to initiate IPO
The CSRC, however, also said that it "supports qualified platform companies to list within China and overseas".
