Venture Capital

Fuel Venture Capital, a leading early-stage investor in technology and digital companies, will conduct a roadshow in Asia next week as it looks to raise money for its next fund, which uses an innovative, new funding structure positioned to transform the private markets landscape.

The Ministry of Small and Medium-sized enterprises (SMEs) and Startups (MSS) in South Korea said it will invest around KRW 1 trillion ($748.43 million) in a fund of funds this year to boost the venture capital sector in the country.

Singapore’s emerging tech startup pipeline appears to be maturing to reach a ‘steady state’ with approximately 60 startups incorporated annually, but early-stage startups looking to fundraise this year may face especially challenging conditions, according to the Singapore Early-Stage Emerging Tech Startups 2022 landscape report.

ScaleUp Malaysia has announced its Cohort IV and investments in seven innovative companies. The companies selected for Cohort IV are BeeBag, Docspe, Huddle, Petotum, Stayhere, and Kabel who will receive a $100,000 investment each, while the seventh company, Sonicboom, will receive an undisclosed strategic investment.

Vietnam startups have raised a total of $40.6 million in funds in the first quarter, a 49 percent lower as compared to $80.1 million in the same period in the previous year, Tracxn Technologies said Monday.

The Edgeof, a newly formed ecosystem builder and venture capital entity in Singapore, announced Wednesday that it will acquire SoftBank Ventures Asia Corp (SBVA), a wholly-owned subsidiary of Japanese investment bank SoftBank Group Corp. (SBG), to establish a Pan-Asian ecosystem for pioneering startups.

The K-Startup Grand Challenge (KSGC), a startup accelerator program supported by the South Korean government, has opened its doors to Malaysia.

MCDCC also announced the establishment of the Malaysia-China Digital Cooperation & Development Fund to invest up to MYR1 billion ($226.28 million) in digital technology sectors, including digital applications, industrial big data, advanced manufacturing technology, industrial technology, and other sectors in Malaysia and China.

Harriet, the leading platform championing female founders, has partnered with venture capital firms Artesian, Wavemaker Partners, Wavemaker Impact, B Capital, and 1982 Ventures to launch "The Female Founder Series".

Malaysia's government has been wanting to boost and support the local startup ecosystem with various initiatives and policies. On Thursday, Malaysia’s sovereign fund Khazanah Nasional Berhad announced the launch of the Future Malaysia Program to support the local start-up ecosystem of entrepreneurs, start-ups, venture capital, and corporate venture programs…