Asia

The Launchpad Luna accelerator will identify and foster NFT innovation in the fields of culture, art, entertainment, media, gaming, streaming, collectibles, insurance, finance, and data management; DeFi and additional verticals will be added in the future.

Proceeds from the funding will be used to progress Insilico Medicine's current therapeutic programs into human clinical trials, initiate multiple new programs for novel and difficult targets, and further develop its AI and drug discovery capabilities, the company added. 

Munich-based investment company Picus Capital is set to increase its investments across Asia. The company plans to invest up to $75 million in Asian startups in the next three to five years. This amount represents a 25 percent share of the total $250 million to $300 million the firm will be investing.

Malaysian private equity firm Creador is reportedly planning to launch its fifth fund by March 2021 and is targeting a fund size of $650 million. Focusing on growth capital investments, Creador primarily targets companies in Malaysia, India, Indonesia, Vietnam, Singapore, and the Philippines.

Darwinbox plans to use this fresh capital to scale its operations within India and Southeast Asian markets, as well as expand in other emerging markets in the Middle East and Africa. 

Educational technology startup Kyt has announced that it has raised a total of $5 million in a Series A funding round. The investment was led by Alpha Wave Incubation, which is run by US investment firm Falcon Edge Capital. Aside from AWI, angel investors and companies including Titan Capital, January Capital, and Sequoia Capital India’s Surge contributed…