SEA

Carro, the Singapore-based online car marketplace, has raised $60 million in a round led by Japan's sovereign wealth fund Cool Japan Fund, to accelerate demand of Japanese cars across Asia Pacific.

Google Cloud announced Wednesday the launch of Agent Payments Protocol (AP2), an open protocol developed with leading payments and technology companies to securely initiate and transact agent-led payments across platforms, with with over 60 Southeast Asia ecosystem players.

Maybank Investment Bank has foreseen artificial intelligence (AI) demand to spur neocloud race in ASEAN.

TVM Capital Healthcare, a global private equity investor and operator specialized in healthcare growth capital across emerging markets, announced Wednesday the first closing of its $150 million TVM Healthcare Southeast Asia Fund (SEA Fund).

WGSN, a global business intelligence and insights firm, announced Wednesday the expansion of access to its artificial intelligence (AI)-powered fashion buying platform to buyers across Asia’s major markets, including India, China, Japan, Korea, and Southeast Asia.

Clime Capital, the Singapore-based fund manager focused on accelerating the low-carbon transition, announced Wednesday the launch of SEACEF TAF, an independent Technical Assistance Facility, to boost its impact in the region by delivering tailored strategic support alongside its investments in clean energy technologies and businesses in Southeast Asia.

The Singaporean sovereign wealth fund and SoftBank Vision Fund 1 are working with a financial adviser and have reached out to potential investors to gauge interest.

The SEA Monthly Funding Tracker for August 2025 highlighted a steep decline in funding across the region. Total funding in August stood at $84.1 million across 22 rounds, reflecting a 76.44 percent drop from July 2025 ($357 million) and a 65.04 percent fall year-on-year compared to August 2024 ($240.6 million).

PropertyGuru Group, the Singapore-based property technology company, announced Thursday the appointment of Lu Yao as Managing Director, effective September 15.

Venturi Partners, a Singapore-based consumer growth fund, has announced the first close of its second fund at $150 million.