Singapore

Singapore’s Azalea closes Altrium Private Equity Fund II at $805M

Azalea Investment Management Pte. Ltd (Azalea) announced the successful closing of the second fund of its flagship private equity (PE) fund of funds product, Altrium Private Equity Fund II (Altrium II) at $805 million. Altrium II capital commitments were from a diverse group of limited partners including pensions, foundations, insurers, family offices and…

Singapore’s Novo Tellus gets nod for SPAC listing on SGX – report

Novo Tellus could be among the first wave of sponsors looking to list SPACs in Singapore after the regulators introduced a framework in September last year, according to Bloomberg.

Singapore crypto media platform Chain Debrief raises $900,000 seed funding to expand its platform

Chain Debrief has closed a US$900,000 seed funding round. The round is led by angel investor Sim Jian Hong and supported by institutional investors QCP Capital, Gecko Ventures, Double Peak Group and Coinhako, Senior executives from Defiance Capital, Xfers, Mintable and other individual investors in the crypto space also participated in the funding round.…

Tribe launches hacksingapore to drive innovation in technology

Tribe announced the launch of hacksingapore, in partnership with the Infocomm Media Development Authority (IMDA), Enterprise Singapore, Government Technology Agency and Temasek, a ground-up initiative to drive innovation in technology and solve some of the challenges that Singapore may potentially face in the coming years.

Singapore healthtech startup Smarter Health raises $3.8M led by East Ventures

Singapore-based healthtech startup Smarter Health announced Monday that it has secured S$5.15 million ($3.81 million) in Series A funding led by East Ventures, with the participation of Orbit Malaysia, Citrine Capital HMI Group, and Emtek. The funds will be used primarily for product development and market expansion in Southeast Asia.

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Singapore cloud storage firm CyberHash raises $20M in Lemon-led round

CyberHash has recently raised $20 million in an early stage funding round led by venture capital firm Lemon, with participation from technology investor Alex Zhu. It intends to use the funds raised in the round to expand its cloud storage facility, which helps to provide a stable、secure and efficient solution to its distributed storage services. The funds…

Singapore and Boston based fintech startup Almond Finance closes funding round of $2M

Almond Finance has closed a seed funding round of $2 million. The fundraising, led by Morningside Group, will drive hiring, product development and compliance requirements for multiple markets.

SGX Catalist-listed Hatten Land signs comprehensive collaboration agreement with Huawei

SGX Catalist-listed Hatten Land Limited's wholly-owned subsidiary Hatten Edge Pte. Ltd. has entered into a Comprehensive collaboration agreement (CCA) with information and communications technology (ICT) provider Huawei International Pte. Ltd. Under the CCA, both companies will jointly explore and develop opportunities in cloud computing and enterprise…

True Global Ventures invests $25M into Web3 companies and blockchain

Singapore-based venture fund True Global Ventures 4 Plus (TGV4 Plus) Fund is investing about $25 million into the equity of five industry-redefining Web3 and blockchain. The fund focuses on three main verticals in Web3 which are infrastructure, financial services that are powered with blockchain and entertainment like play-to-earn games GameFi, metaverses,…

Singaporean fintech GEKO acquires EV bike-maker SWAG, plans pre-Series A round in early 2022

Following the acquisition, the combined SWAG and GEKO group plan to hold a pre-Series A funding round, with a combined entity value of $25 million in early 2022.