Asia
Airwallex founders launch new venture capital fund Capital 49, aims to raise $200M
Capital 49 will look for opportunities to invest in companies within Airwallex’s ecosystem, across a number of industries including e-commerce, SaaS, digital and technology, business services and enablers, and FinTech.
PE firm Gaw Capital Partners sets up data center JV, with first investment in Batam, Indonesia
In addition to the maiden project in Batam, Data Center First will also work with Gaw Capital Partners to originate, evaluate and develop data center projects in Southeast Asia and beyond.
Animoca Brands, Brinc launch Launchpad Luna, an accelerator for NFT startups
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.
Insilico Medicine closes $255M Series C led by Warburg Pincus to further develop AI and drug discovery
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.
German early-stage tech investment firm Picus Capital eyes Asian focus starting 2021
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.
