Asia

Taiwan's Infinity Ventures Crypto (IVC) announced the closing of its inaugural fund capped at $70 million to jumpstart and accelerate the growth of global GameFi, DeFi and Web 3 innovations. As Asia’s most active fund targeting the region’s booming crypto industry, IVC is participated by heavyweights such as Circle, Digital Currency Group, and Animoca…

ITCS Group has secured a strategic growth investment from Dymon Asia Private Equity (DAPE). Partnering with DAPE will enable ITCS to rapidly accelerate its growth to scale up the tech industry in Asia-Pacific over the next two to three years.

SO-COL (Social Collectables) announced the close of a $1.75 million seed round. The funding round was co-led by DeFiance Capital and Animoca Brands, with participation from Three Arrows Capital, Mechanism Capital, Global Founders Capital, Double Peak Group, Antifund, Genblock Capital, and Kronos Research. SO-COL will use the proceeds of this funding round…

Binance has partnered with YG Entertainment (YG) to develop metaverse, non-fungible token (NFT) and gaming opportunities. As part of the strategic partnership, Binance and YG will cooperate on a range of blockchain projects, including collaborations in the NFT space. Binance will provide the NFT platform and technology infrastructure while YG will supply…

Razorpay announced Tuesday its first international expansion into South-East Asia with the acquisition of a majority stake in Curlec for an undisclosed amount. This marks Razorpay’s fourth acquisition overall and its first in international waters, taking one step closer to becoming a fintech leader in emerging markets.

iCandy Interactive Limited (iCandy) is acquiring 51 percent stake in Digital Games International Pte. Ltd. (Storms) for A$8 million ($5.69 million), which will be settled via the issuance of new fully paid ordinary shares of iCandy. The acquisition of Storms will allow iCandy to leverage its distribution network to further target a number of markets in Asia…

Polygon has raised about $450 million through a private sale of its native MATIC token in a funding round led by Sequoia Capital India. The round also saw the participation from SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global, Republic Capital and prominent investors like Alan Howard (Co-Founder, Brevan Howard) and Kevin O’Leary…

Genesia Ventures announced the first close of its new fund, Genesia Venture Fund 3 Investment Limited Partnership, with a total amount of approximately $90 million. Similar to the first and second funds, the third fund is focused on investments in pre-seed and seed stage startups in Japan and Southeast Asia (SEA),

Kyoto Fusioneering has raised 1.33 billion yen ($11.7 million) in its latest round of funding, bringing the total amount of funds raised by the startup. to 1.67 billion yen ($ 14.7 million). The oversubscribed series B funding round was supported by existing investors, Coral Capital Co., and underwritten by five new investors from some of Japan's top…