Singapore
Singapore’s Silicon Box valuation reaches over $1B after $200M Series B funding raise
Singapore-based semiconductor packaging company Silicon Box has announced a successful $200 million Series B fundraising round, bringing the company to over a one-billion-dollar valuation. All three founders were investors in the round.
[Year in review] Southeast Asia’s Top 10 tech news in 2023
As we usher into 2024, with the hope for a better year, here are some of the top tech news in 2023.
Golden Gate Ventures expands global footprint with first regional MENA office in Saudi Arabia
Golden Gate Ventures, a Singapore-based venture capital fund founded by Silicon Valley natives, has on Monday announced the establishment of their first Middle East and North Africa (MENA) office in Saudi Arabia to strengthen ties between Singapore and MENA, and accelerate the development of the MENA startup ecosystem.
Japan’s Sumitomo Life acquires Singlife 35.48 percent stake for $1.21B
Japan-based Sumitomo Life Insurance Company has entered into an agreement with TPG Inc. to acquire TPG’s 35.48 percent stake in Singapore Life Holdings Pte. Ltd. (Singlife) for SGD 1.6 billion ($1.21 billion). Together with the acquisition of additional stake in Singlife from Aviva Group, Singlife is expected to become a subsidiary of Sumitomo Life.
Singapore’s ComfortDelGro acquires Australian taxi operator A2B for $123M
Singapore-listed transportation firm ComfortDelGro Corporation Limited has on Friday announced that it has acquired taxi operator A2B Australia Limited (A2B)for AUD 182 million ($123.35 million). ComfortDelGro's wholly owned subsidiary ComfortDelGro Corporation Australia Pty Ltd has entered into a binding scheme implementation agreement (SIA) to acquire all…
Singapore’s Keppel Infrastructure Trust to acquire 45 percent stake in a solar portfolio from German RE firm Enpal
Keppel Infrastructure Fund Management Pte. Ltd. (KIFM), as Trustee-Manager of Keppel Infrastructure Trust (KIT) is committing up to €109m ($119.81 million) to acquire a 45 percent effective stake in German renewable energy (RE) firm Enpal B.V. (Enpal)’s solar portfolio (AssetCos) through a special purpose vehicle (SPV).
TNGlobal’s Top 10 most-read news articles in 2023
The global wave of layoffs hitting US tech companies like Meta, Amazon, and Twitter has also come to Southeast Asia amid a slowdown in fundraising activities for tech startups. Tech companies including venture capital-backed startups in Southeast Asia have also announced layoffs and austerity measures to cope with the uncertain macroeconomic situation.
Atomionics partners Bridgeport Energy to deploy first-ever “virtual drill” for commercial resource exploration
Singapore-based deeptech startup in the field of commercial quantum sensing Atomionics and Australia-based energy firm Bridgeport Energy have deployed the first-ever quantum gravity sensor or "virtual drill" for commercial resource discovery, heralding a new era in precision exploration.
Singapore’s Biorithm secures $3.5M in Series A funding co-led by Adaptive Capital Partners, SEEDS Capital
Biorithm, a Singapore-based women’s health MedTech, has closed $3.5 million in Series A funding, co-led by Adaptive Capital Partners and SEEDS Capital, investment arm of government agency Enterprise Singapore. The funding will be utilized to double down on expanding the reach of the firm's connected pregnancy management solutions firstly across Southeast…
US venture capital firm In-Q-Tel establishes office in Singapore
United States venture capital firm In-Q-Tel, Inc. (IQT) has announced the opening of a new office in Singapore. This strategic expansion into Singapore reflects the region’s growing importance as a technology and venture capital hub.
