Asia

White Star Capital has secured $360 million for its third flagship fund, above its original target of $300 million, to invest in exceptional entrepreneurs building ambitious, global businesses.

The firm is also expected to rake in revenue of more than $6 million this year as demand for its astrology, tarot card reading services gained popularity.

The funds will be used to accelerate Clear’s expansion into Business to Business (B2B) credit and payments plus expansion into international markets.

Stripe has entered into an agreement to acquire Recko to help its internet businesses automate payments reconciliation.

The fund will be used to grow its logistics and e-commerce markets, expand its network, and integrate its proven last-mile service into other key parts of the value chain.

Animoca Brands has closed a capital raise for $65 million conducted at a pre-money valuation of $2.2 billion.

InnoVen SEA Fund has completed its first close of $50 million with InnoVen Capital and will be seeking additional investors to participate in the fund.

The funding brings UnaBiz’ total capital raised to $35 million since it launched in July 2016.

Incomlend connects SMEs globally with communities of investors, enabling them to finance individual invoices on an exchange platform. Since 2016, Incomlend has financed over $500 million in trades across 50 countries.