Venture Capital
ARISE & Centauri announce the launch of its successor VC Platform, Ascent Venture Group, raising $200M corpus
Ascent is the largest ecosystem-linked venture platform in the region with four partners, 10 investment professionals, and a supporting operational team across Jakarta, Singapore, Seoul offices and access to multi billion dollar ecosystems across broader Southeast Asia.
Indonesia’s legal tech startup Hukumku raises funding led by East Ventures
The funding will be allocated to accelerate its product development and marketing efforts as the platform will be launched in November 2023.
Vertex Ventures SEA & India completes Fund V’s final close at $541M
The fund corpus includes a dedicated co-investment envelope of $50 million for co-investing alongside the main fund in startups led by women founders.
Indonesia’s manufacturing platform Manuva raises $8M from Tin Men Capital & others
Tin Men Capital, a Singapore-based venture capital firm which focuses on Southeast Asian B2B tech startups has invested $3 million in the total $8 million financing raised by Manuva.
Malaysia’s Science & Technology Ministry looks into VCs’ suggestions to support tech startup ecosystem
Among the key areas discussed were potential tax incentives, flexible regulations, and creative financing models that could provide a robust framework for startups to thrive.
500 Global closes $143M across early-stage & growth vehicles for Southeast Asia; ropes in Khazanah, KWAP & EPF as LPs
Limited partners (LPs) across its early-stage and growth investment vehicles include a sovereign wealth fund, public and private pension funds like Khazanah Nasional Bhd, Kumpulan Wang Persaraan (Diperbadankan) [KWAP], and Employees Provident Fund (EPF).
Vynn Capital announces partnership with Marubeni Malaysia to drive innovation & growth
The partnership brings together Vynn Capital's local network in the Southeast Asia region and expertise in identifying and nurturing promising startups and Marubeni Malaysia's extensive network and deep industry knowledge.
Singapore’s Play Ventures’ Fund I generates 1.5 times return in less than four years
Singapore-based gaming venture capital firm Play Ventures announced Monday that its debut Fund I has generated a return of 1.5 times to investors in distributed capital (DPI) in less than four years. With 20 companies remaining in the portfolio and six years to go in the fund lifetime, that figure is set to further increase significantly.
Plug and Play partners Enterprise Singapore to launch program to support Singapore startups’ US expansion
United States-based accelerator firm Plug and Play has partnered with Singaporean government agency Enterprise Singapore (EnterpriseSG) to launch of the Global Innovation Alliance (GIA) San Francisco Acceleration Program, providing an opportunity for Singapore startups to explore and expand their products in the dynamic tech hub of San Francisco and the…
Philippine venture builder AHG Lab raises $4M to empower more entrepreneurs
AHG Lab, the independent venture builder in the Philippines, has secured a total of $4 million in Pre-Series A funding aimed at fueling the growth of the venture builder, its portfolio of ventures and programs, and the wider startup ecosystem. The investors of this round includes a United States family office and two Filipino family offices: the Rufino…
