Asia

The advisory group will explore the technical, legal, and regulatory frameworks needed to break the siloes between the global supply chain and financial institutions.

Lever VC is also actively speaking with investors interested in Lever VC Fund II, which will begin raising early next year.

M&A targeting technology companies hit a record high in Asia-Pacific with tech, advanced manufacturing and mobility sectors topped regional deal activity.

At the proposed deal size, AEI CapForce II Investment would command a market value of $129 million.

The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, complementing the company's existing cross-border ecommerce business in the country, PayPal said.

Funds will be used to drive Rainforest’s growth strategy, including expanding its portfolio of e-commerce brands in the home goods, mother & kids, personal care and pet categories by three times and growing its leadership team.

The extended round was again led by Global Founders Capital and Fatima Gobi Ventures. They have been joined by early-stage technology investment firm Picus Capital and Zayn Capital.

Led by BIS Innovation Hub’s Singapore Centre, the project, dubbed Project Dunbar, aims to develop prototype shared platforms for cross-border transactions using multiple CBDCs.

The targeted $20 million fund already has around 50 percent in soft commitments from existing investors and partners.

The SPAC intends to focus on fast-growing technology companies in e-commerce, financial technology, insurance technology, digital health, digital media, and digital services.