Venture Capital
Singapore’s Accelerating Asia launches $20M Fund II
The targeted $20 million fund already has around 50 percent in soft commitments from existing investors and partners.
ScaleUp Malaysia launches Cohort 3, partners with Quest Ventures & Indelible Ventures
For Cohort 3, ScaleUp Malaysia is looking towards working with more scaleups eyeing the regional and global stage.
Taiwan’s XREX raises $17M in Pre-Series A funding round led by CDIB Capital
XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets.
Political uncertainties in Malaysia seen as ‘short-term risks’, say tech investors
Venture capitalists TechNode Global contacted opined that political issues will have little impact on investors' confidence in Malaysian tech startups. The tech industry in the country will continue to grow due to the ongoing pandemic which has accelerated digitalization.
Sunway iLabs announces top 5 startups for its 2021 Super Accelerator program
In the next three months of the Super Accelerator programme, Sunway iLabs will help the selected top five startup founders connect with Sunway’s global network of partners, industry experts, mentors and investors.
500 Startups rebrands Southeast Asia fund to 500 Southeast Asia
It remains dedicated to seed-stage investing, cutting checks of up to $500,000, but is now open to larger follow-on checks of up to $5 million, as well as potential investments through special-purpose vehicles, such the $21.2 million vehicle it previously executed for Carousell.
Vietnam’s Loship raises $12M in pre-Series C funding led by BAce Capital, Sun Hung Kai & Co
Loship marks a Vietnam foray for both of the lead investors BAce Capital and SHK & Co, as part of their strategies to capture the emerging market opportunities in Southeast Asia.
Pandemic has served as a catalyst for accelerating ESG innovation in Southeast Asia, says Ee Ling Lim of 500 Startups [Q&A]
In this TechNode Global Q&A with Ee Ling Lim, Head of APAC Business Development, 500 Startups, we learn how the pandemic has served as a catalyst for companies in the region to accelerate their ESG initiatives. We also learn about the nuances in incorporating and implementing such criteria, which may include the need for a shift in corporate culture, as…
Temasek, SoftBank invest in India EdTech unicorn Unacademy’s Series H funding round
The latest fundraise takes the valuation of Unacademy Group to $3.44 billion.
Airwallex founders launch new venture capital fund Capital 49, aims to raise $200M
Capital 49 will look for opportunities to invest in companies within Airwallex’s ecosystem, across a number of industries including e-commerce, SaaS, digital and technology, business services and enablers, and FinTech.
