Asia

SC Capital Partners Pte Ltd, the Singapore-headquartered private equity real estate fund manager, has announced the formation of a data centre investment program with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). SC Capital Partners has secured commitments for the new mandate from ADIA, with the ability to scale up over time to $2…

Kae Capital, a venture capital firm in India, announced Friday that it has closed its Fund III, raising INR 767 Cr ($96 million).Some of the leading international institutional investors who have backed this fund are Old Mutual Wealth, Velo Partners, and Finext, whilesome of the Indian investors are HDFC Holdings and SIDBI.

Paycoin, a crypto payments company based in South Korea, has kickstarted its expansion into the global crypto payments market through a partnership with Singapore-based crypto payment firm TripleA. Payprotocol AG, the issuer of Paycoin (PCI) has on Friday announced a memorandum of understanding (MOU) with TripleA, to collaborate on building a global crypto…

The Sandbox, a Hong Kong-based decentralized metaverse and a subsidiary of Animoca Brands, has on Tuesday announced the sale of over 1,900 LAND parcels, where future LAND owners will truly own and be neighbors with a selection of 14 brands and celebrities, starting November 24.

Hex Trust, the Hong Kong-based fully licensed and insured provider of bank-grade custody and associated services for digital assets, has received the minimum viable product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). The MVP license will allow the firm to provide a wide range of virtual asset services to institutional clients and…

Indian health-tech artificial intelligence (AI) platform RedBrick AI has on Wednesday announced a $4.6 milion seed funding round to accelerate the development and adoption of artificial intelligence in clinical settings, through rapid data annotation on medical imagery. The round was led by Surge, Sequoia Capital India, and Southeast Asia’s rapid scale-up…

Hong Kong’s virtual bank ZA Bank and United Kingdom-based financial technology firm Wise has jointly announced a partnership on Wednesday to offer low-cost and quick international money transfers to Hongkongers. This partnership marks two firsts: ZA Bank becoming the first bank in Hong Kong to provide international money transfers with no exchange rate…

Accelerating Asia, a Singapore-based venture capital accelerator focused on pre-Series A startups has invested in ten new companies from across Asia Pacific as part of its 7th cohort. The new investments take the venture capital accelerator’s portfolio to 60 startups who have raised a total of over $50 million, with Cohort 7 having raised $5.2 million prior…

Building on the continuing success of its artificial intelligence (AI) solution in delivering diversity and inclusion in hiring, Australian AI-powered recruitment firm Sapia.ai on Tuesday announced a $17 million Series A raise led by Macquarie Capital and Woolworths Group's W23 venture capital arm.

Toss Lab Inc, a South Korean software as a service (SaaS) firm, has secured $1.2 million strategic investment from Kdan Mobile Software, Ltd, a global SaaS company headquartered in Taiwan. The two leading productivity software companies from Asia plan to integrate their solutions to expand the international business to business (B2B) market.