Singapore

Singapore investment firm Temasek has reported a net portfolio value (NPV) of SGD 382 billion ($284.61 billion) in financial year ended March 31, 2023 (FY23), a drop of 5.21 percent as compared to SGD 403 billion ($300.26 billion) in FY2022.

Singaporean financial firm DBS Bank Ltd (DBS) has on Tuesday announced that it has entered into an agreement to sell a 77.8 percent stake in its payments firm AXS Pte. Ltd. (AXS) to private equity firm Tower Capital Asia.

Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari) has partnered Singaporean conglomerate Keppel and renewables player Sembcorp Industries (Sembcorp) for clean energy solutions in Southeast Asia (SEA).

Nami, a Singapore-based multi-sensing platform and ecosystem enabler for the Internet of Things (IoT) industry, has announced the close of its Series A financing round, raising $10.5 million from strategic investors including Verizon Ventures, Amavi Capital, INSPiRE and Aconterra.

Needle, an end-to-end artificial intelligence (AI) marketer based in Singapore, has on Wednesday announced the close of its $1.2 million oversubscribed pre-seed round led by Iterative. The round also saw participation from Ethos Fund and Goldbell Financial Services.

VentureBlick, a Singapore-based venture platform for healthcare innovation, has announced the successful closure of its first two deals, securing a total of $2.6 million for two startups despite a challenging funding environment.

Moloco, a United States firm in operational machine learning (ML) and performance advertising, has announced that investors including Fidelity Management & Research Company and Singapore-based global investor EDBI, have become its shareholders via secondary stock transactions.

Singapore home-grown biotechnology start up Ento Industries has secured growth funding from a pair of environmental, social and governance (ESG)-focused private investors Tak Wai CHUNG and Te-LingNAI. The funding will expedite the firm's move to a larger facility and ramp up its production capabilities.

NEU Battery Materials, a Singapore-based lithium-ion battery recycling startup, has raised a total of $3.7 million in an oversubscribed seed funding round led by SGInnovate, a Singapore government-backed deep tech investor and ecosystem builder.

Real-time global payments firm Nium has on Monday announced the opening of its new headquarters in Singapore. The new headquarters is Nium’s strategic hub for serving clients across Asia Pacific, the Middle East, and Africa.