Singapore

Vertex Technology Acquisition Corporation Ltd (VTAC), a special purpose acquisition company (SPAC) based in Singapore, will buy streaming platform 17LIVE Holding Limited for SGD 925.1 million ($675.35m). The pro forma equity value of the proposed business combination is up to SGD 1,161 million ($847.56m).

While Singapore and Hong Kong are seen as global epicenters for technology and finance, RFI Global said that Singapore has seen more rapid growth in the percentage of heavy digital users.

InterContinental Energy, a Singapore-based company committed to delivering green hydrogen at scale, has raised $115 million in equity investment. The firm announced its next phase of growth following continued strategic equity investment from GIC, a global institutional investor, and a new investment from Hy24, the world’s largest clean hydrogen pureplay…

Ant Group, an affiliate company of the Chinese conglomerate Alibaba Group, has on Thursday unveiled its new Singapore office as home to its various international business and technology segments, including Ant International.

Roojai, a Thailand-based online insurance company, has on Wednesday announced that it has completed the acquisition of Singapore-based insurance firm DirectAsia group. Roojai has entered into an agreement to acquire DirectAsia group from Hiscox.

Temasek-backed unit True Light Capital Pte. Ltd. (True Light) has on Thursday announced the final closing of its first flagship fund, True Light Fund I. The fund was closed at $3.3 billion, with capital commitments from global investors, including sovereign wealth funds, foundations, financial institutions, and family offices.

Automera, a new biotechnology company based in Singapore, has secured $16 million in Series A funding co-led by Accelerator Life Science Partners (ALSP) and ClavystBio. The funding also saw participation from Singapore-based global investor EDBI, Xora Innovation, and other undisclosed investors.

Johnson & Johnson International (Singapore) Pte. Ltd. has on Tuesday announced a collaboration with the Singapore Economic Development Board (EDB) to unlock innovation potential in Singapore’s life sciences ecosystem.

Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, announced on Tuesday that it has successfully raised debt of $27 million. The funding was led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP), and…

GovWare Conference and Exhibition, the region's premier cybersecurity event, is gearing up to make a strong and impactful return from 17 to 19 October 2023, at Sands Expo and Convention Centre in Singapore.