Singapore

BandLab Technologies, the Singapore-based parent company of flagship social music creation platform BandLab, has announced the addition of $25 million in a new round of Series B1 financing that raises the company's valuation to $425 million post-money.

PropertyGuru Group Limited, a Singapore-based property technology company, has on Tuesday announced its revenue rose 16 percent year on year to SGD 33 million ($24.5 million) in the first quarter of 2023.

Singaporean bank OCBC Bank has partnered with the country's private market exchange ADDX to distribute its first tokenised equity-linked structured note to accredited investors.

The panelists discussed sustainability issues and development across Southeast Asia. Avant Meat’s Chan and SWAP Energi’s Irwan explained how their startups can help to achieve sustainability goals while Ting, from Trive Ventures, gave examples on how the startups his firm invested in are driving sustainable innovation. He also gave his views from an…

Princeton Digital Group (PDG), a Singapore-based data center provider, has entered into a definitive agreement with JLand Group (JLG), Johor Corporation’s real estate and infrastructure arm, for the acquisition of 31 acres of land in Sedenak Tech Park (STeP), Johor, Malaysia, to build a 150 MW hyperscale campus.

TVM Capital Healthcare, a global specialist healthcare private equity firm headquartered in Dubai and Singapore, has on Monday announced an investment, from its TVM Healthcare Afiyah Fund, of EUR 10 million ($10.82 million) into DEBx Medical, an Amsterdam-based medical devices company.

Singapore-based healthcare group Foundation Healthcare Holdings Pte. Ltd. (FHH) has announced that it has entered the Hong Kong market with the implementation of Smarter Health Pte. Ltd. (SH)’s digital pre-authorization platform, launched in partnership with FWD Hong Kong.

Grab, the Singapore-based super app, is on track to achieve breakeven by the fourth quarter after its losses narrowed in the first quarter. It has revised up its full year adjusted EBITDA guidance range by $80 million to $90 million.

Singapore-based insurtech firm bolttech has on Wednesday announced it has raised $196 million in connection with its Series B with an up-round valuation of $1.6 billion. The round was led by Japanese insurance firm Tokio Marine.

XTEND, a Israel-based autonomous operating system developer, has acquired Performance Rotors, the Singapore-based drone inspection specialists. The acquisition will boost XTEND’s ability to offer human-guided, remote interactive operations in a range of inspection scenarios, and grow its global business.