Venture Capital
Asia startup funding falls 50 percent in first half as late stage continues decline, says Crunchbase
Funding to startups in Asia in the first half of 2023 dropped 50 percent from the previous year — spurred on by fewer large, late rounds, and mirroring the global venture market, Crunchbase said Thursday.
Total funding into SEA tech startups falls 71 percent year on year to $2.3B in first half, says Tracxn
Total funding into Southeast Asia (SEA) tech startups fell 71 percent to $2.3 billion in the first half of 2023, from $8 billion a year ago, said Tracxn Technologies Ltd on Thursday. The total funding in the first half is also 45 percent lower than $4.3 billion raised in the second half of 2022.
Singapore’s Antler partners Khazanah to launch and invest in Malaysia
Singapore-based venture capital firm Antler is extending its international footprint into Malaysia through a partnership with the sovereign wealth fund of Malaysia Khazanah. Khazanah said in a statement on Thursday that Antler is aiming to invest in over 30 startups across Malaysia over the next three years.
Temasek’s VC arm Vertex raises $900M in first round of new fund, plans to close in “coming months”, says CEO
Vertex Master Fund III was set up by Vertex Holdings to provide Japanese investors diversified exposure to key innovation hubs globally by investing into its Vertex family of funds
AC Ventures’ ESG Head recruited by ASEAN Business Advisory Council for Carbon Center of Excellence
The ASEAN Business Advisory Council (ASEAN-BAC) Green & Sustainable Working Group has confirmed that it has inducted AC Ventures’ Principal and Head of ESG Lauren Blasco into its Carbon Center of Excellence (CCoE).
Sequoia Capital’s China unit sets up office in Singapore – report
HongShan told the FT it had a “strong foundation of trust” with PeakXV and there would be opportunities for both teams to collaborate.
Bain & Company to acquire global venture-building studio Rainmaking APAC arm
Global management consulting firm Bain & Company has on Friday announced that it intends to acquire the Asia Pacific (APAC) arm of global venture-building and start-up development studio, Rainmaking, to help companies across the region better innovate, launch, and scale new businesses.
Antler appoints Agung Bezharie Hadinegoro as Partner to lead 30+ investments in Indonesia in 2023
Singapore-based global early-stage venture capital firm Antler has announced the appointment of Agung Bezharie Hadinegoro as its Partner. Agung is to spearhead the company's investment strategy and operations in Indonesia.
MRANTI partners Leave a Nest to advance Malaysian startups expansion into Japan
Japan-based research group Leave a Nest and the Malaysian Research Accelerator for Technology and Innovation (MRANTI) are collaborating on the highly anticipated Global Market Fit Program (GMP) Japan to support high-growth startups seeking to expand their business presence in Japan.
Brinc unveils debut Climate Tech Cohort for summer 2023
Brinc, a Hong Kong-based global venture accelerator, has on Thursday announced the debut cohort of its Climate Tech accelerator, where four startups kick off its Summer 2023 program.
