Asia
East Ventures and SV Investment announce the $100M dedicated fund for Southeast Asia
East Ventures, an Indonesia-based venture capital firm, and SV Investment, a South Korea-based venture capital and private equity firm firm, have on Friday announced the $100 million dedicated fund for Southeast Asia. This fund aims to open the investment corridor between the Southeast Asian and Korean venture ecosystem, including capital investment,…
BIS and central bank partners to explore protocols for embedding policy and regulatory compliance in cross-border transactions
The Bank for International Settlements (BIS) and central bank partners have on Thursday launched Project Mandala, which explores the feasibility of encoding jurisdiction-specific policy and regulatory requirements into a common protocol for cross-border use cases such as foreign direct investment, borrowing and payments.
Aampe secures $7.5M in funding led by Matrix Partners India, Peak XV Partners
Aampe, an artificial intelligence (AI)-native user engagement platform, has on Thursday announced a $7.5 million Pre-Series A funding round led by Matrix Partners India and Peak XV Partners (formerly Sequoia Capital India & SEA). The new capital will support product development and fuel growth as the company continues its rapid global expansion.
Avnet appoints master distributor of Kerlink to advance IoT strategy across Asia Pacific
Global technology distributor and solutions provider Avnet has recently signed a contract with Kerlink, a provider of internet of things (IoT) solutions based in France, formalizing its role as master distributor of Kerlink's LoRaWAN gateway products and associated software services in Asia Pacific.
Earth Venture Capital backs Treetoscope in the $7M seed funding round
Israel-based irrigation management platform TreetoScope has closed its seed funding round invested by Israeli Champel Capital, Earth Venture Capital, SeedIL, and other strategic investors. The funding will empower the startup to aid with R&D, fuel overall growth, and accelerate commercial agriculture expansion in North America and beyond.
Telstra International strengthens global managed cyber security services with new center in Manila
Telstra International, the global arm of leading telecommunications and technology company Telstra, has on Thursday opened the doors to its new Telstra Security Service Centre (TSSC) in Manila, Philippines, to enhance its capabilities and coverage of managed cyber security services for its customers globally.
Hong Kong Web3 fund CMCC Global launches $100M in first close
CMCC Global, a Hong Kong based Web3 and blockchain fintech fund, has launched a $100 million new venture capital fund that will empower entrepreneurs in Hong Kong and beyond to build innovative Web3 companies.
SoftBank to expand global IoT business in Asia-Pacific region
SoftBank Corp. (SoftBank) has on Wednesday announced that from October 2023, it will launch a full-fledged expansion of its global internet of things (IoT) business in the Asia-Pacific (APAC) region.
India’s Zoomcar foresees SPAC deal to close in the fourth quarter
India-based emerging market focused car sharing platform Zoomcar foresees its special purpose acquisition company (SPAC) deal to close in the fourth quarter this year. The combined company's common stock is anticipated to be listed on NASDAQ under ticker symbol "ZCAR."
Japan and India launch $588M fund to back sustainability projects
The Japan Bank for International Cooperation (JBIC) and the National Investment and Infrastructure Fund Limited (NIIFL) have on Wednesday launched a $588 million fund to to invest in sustainability projects.
