Asia
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".
Alipay+ partners ComfortDelGro for foreign mobile payments in Singapore
ComfortDelGro Taxi and Alipay+ announced Wednesday a partnership that enables mobile payments from Malaysia and South Korea, namely the Touch ‘n Go eWallet and Kakao Pay, to be accepted as cashless payment options in all its Comfort and CityCab taxis. Users of these mobile wallets can pay for the cab fare simply through the wallet apps without the need to…
YAS MicroInsurance and Amodo join forces to enable autonomous insurance on-chain
YAS MicroInsurance (YAS), a Hong Kong-based insurance on blockchain frontier, said Thursday it is joining forces with Amodo, a Croatia-based telematics insurtech company, to deliver autonomous insurance on-chain. This collaboration symbolises the new age of insurance against the backdrop of smart cities.
Australia’s Swoop Aero closes $16M Series B round led by Main Sequence
Australian drone firm Swoop Aero said Tuesday it has completed a $16 million Series B venture capital raise, following over two years of continuous drone delivery of medical supplies across Africa, and delivering over 800,000 items by drone. The successful Series B raise was led by Australia’s premier deep tech venture capital (VC) fund, Main Sequence.
SoftBank backs $100M funding of Australia corporate education content hub Go1
Go1, an Australia-based corporate education content hub for on-demand training and resources, announced Monday it has raised over $100 million in its latest funding round closed in May. The round brings Go1’s total funding to over $400 million, increasing the company's valuation to over $2 billion. Participants in the round include AirTree Ventures, Blue…
Tencent Cloud collaborates with Megazone Cloud, KMGA and Yeonsung University to empower cloud-based mobile game development talent in Korea
In line with its commitment to talent development in the gaming industry, Tencent Cloud – the cloud business of global technology company Tencent, announced on Monday its signing of a four-party Memorandum of Understanding (MoU) with Megazone Cloud, Korea Mobile Game Association (KMGA) and Yeonsung University. The agreement aims to nurture cloud-based…
