Singapore

Singapore venture capital firm Clay Capital closes second fund at $145M

Singapore-based venture capital firm Clay Capital has announced fund two, a $145 million global fund to reconnect and strengthen the link between human health and the health of the planet through innovative technology.

Singapore’s Engine Biosciences secures $27M in Series A extension led by Polaris Partners

Engine Biosciences, a Singapore-based company leveraging machine learning and high-throughput biology to discover and develop precision oncology medicines, has on Wednesday announced the completion of a $27 million Series A extension. The financing was led by Polaris Partners, with participation from both new and existing investors, bringing the total funds…

Singapore’s STACS launches Upgraded ESGpedia platform

Singapore-based environmental, social, and governance (ESG) data and technology solutions company STACS, has launched upgrades to its ESGpedia platform, offering digital tools to help businesses and financial institutions comply with the increasing ESG regulatory requirements across Europe and Asia.

MAS bars DBS Bank from acquiring new business ventures for six months after prolonged disruption

The Monetary Authority of Singapore (MAS) has imposed a six-month pause on DBS Bank Ltd’s (DBS Bank) non-essential information technology (IT) changes to ensure that the bank keeps sharp focus on restoring the resilience of its digital banking services.

Funding Societies raises $7.5M in debt from Norfund

Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised $7.5 million in debt from Norfund, a Development Financial Institution (DFI) which operates an investment fund owned by the Norwegian government for developing countries.

Singapore’s SPH Media to acquire tech media firm Tech in Asia

Financial terms of the transaction will not be disclosed.

NTT DATA gets contract from Singaporean government to provide data platform for EV

NTT DATA Singapore (NTT DATA), a unit of the Japan-based telecommunications firm NTT Group, has announced a groundbreaking partnership with electric vehicle (EV) ecosystem orchestrator EV-Electric Charging Pte Ltd. (EVe), a subsidiary of the Land Transport Authority (LTA). NTT DATA will provide an innovative data platform, bolstering EVe's mission to deploy…

Singapore’s VE Technology raises $21.9M in funding led by Mox Capital

VE Technology Group, a Singapore-based enterprise tech ecosystem, has announced a SGD 30 million ($21.9 million) funding round led by alternative investments think-tank Mox Capital. The firm will be utilizing this fresh injection of funds to expand into neighboring Southeast Asian markets, in preparation for an upcoming initial public offering (IPO) listing…

E-Conomy SEA 2023 report: Southeast Asia’s digital economy is set to hit $100B in revenue

Southeast Asia (SEA)’s revenue from the digital economy is poised to hit $100 billion this year, growing 1.7 times as fast as the region’s gross merchandise value (GMV), Google, Temasek and Bain & Company said in a report on Wednesday. According to the 8th edition of the e-Conomy SEA report, despite global macroeconomic headwinds, the region’s GMV…