Singapore
PropertyGuru revenues grow 17 pct on-year in 4Q
Singapore-based property technology company PropertyGuru has on Wednesday announced that its revenue for the fourth quarter ended December 31, 2022, rose 17 percent year over year to S$40 million ($30 million), underpinned by businesses in Singapore and Malaysia.
Singapore’s B Capital closes inaugural healthcare fund at $500M
B Capital, a Singapore-based multi-stage investment firm, has closed its inaugural B Capital Healthcare Fund I at $500 million. The fund which was in conjunction with B Capital Growth Fund III, will be allocated across the healthcare sector, from digital health to biotech.
Singapore’s iLex closes $4.5M Pre-Series A round led by QBN Capital
ILex, a Singapore-based market infrastructure provider for syndicated loan and private debt markets, has on Thursday announced it has raised $4.5 million in new capital. The round was led by QBN Capital, with participation from existing and new investors.
Singpore’s ProfilePrint inks commercial contracts with three of Brazil’s top food companies
ProfilePrint, a Singapore-based artificial intelligence (A.I.) agri-food tech company, has on Monday announced the signing of commercial contracts to deploy the ProfilePrint technology with three of Brazil’s largest food companies - Louis Dreyfus Company Brasil, Olam Agrícola Ltda (Brazil) and Sucafina Brasil.
Singapore’s Una Brands raises $30M in Pre-Series C Fundraise led by Northstar Group
Una Brands, the Singapore-based multi-channel e-commerce aggregator, has on Wednesday announced an additional $30 million Pre-Series C fundraise led by Northstar Group, a Southeast Asia-based private equity and venture capital fund.
Grab has liquidity to drive operations, says S&P Global Ratings
The stable rating outlook on Grab reflects S&P Global Ratings' view that the company will maintain sufficient liquidity to tide it through until it reaches positive EBITDA and cash flow by 2025.
Singapore’s DigiFT raises $10.5M in Pre-Series A funding led by Shanda Group
DigiFT, a Singapore-based decentralized digital asset exchange (DEX) for asset-backed tokens (STO), has on Tuesday announced that it has completed a Pre-Series A funding round, securing $10.5 million.
Grayscale Ventures announces the first close of its DevInfra focused micro-fund
Singapore-based venture capital firm Grayscale Ventures has on Monday announced the first close of their DevInfra and software as a service (SaaS) focused Pre-Seed fund.
Singapore’s Alchemy Foodtech expands into sugar reduction solutions
Alchemy Foodtech, a Singapore-based carbohydrates and sugar reduction food technology company has announced its expansion into sugar reduction solutions, which is now used in Subway’s cookie island-wide.
Grab to breakeven earlier than expectation after recording narrowed losses
Singapore-based superapp Grab sees the firm to breakeven earlier than expectation after it recorded narrowed losses in 2022. Grab expects its revenue to come in between $2.20 billion and $2.30 billion in 2023. It also forecast its loss before interest, taxes, depreciation, and amortization to be at between $275 million and $325 million in 2023, smaller than…
