Venture Capital
M Venture Partners maiden fund closed at $30.85M to provide early-stage venture capital for B2B and B2B2C startups
Targeting to invest in around 40 companies, the fund intends to focus on tech-enabled B2B or B2B2C startups in their pre-Series A to Series A round of funding with an average investment of $500,000 per startup.
B Capital’s $126.3M Ascent Fund II is geared toward supporting earlier-stage tech companies
Founded in 2014 by Facebook co-founder Eduardo Saverin and former Bain executive Raj Ganguly, the firm has mostly invested in companies in enterprise technology, FinTech, HealthTech, consumer enablement technology, transportation, and logistics industries in their Series B to C round of funding.
AddVentures appoints Prakit Worawattananon as Managing Director to leverage SCG resources and start expansion
With four years of investments, AddVentures aims to scale its operations as it selected Prakit as its Managing Director. He has led AddVenture’s effort to lead and scale since January 2021. Prakit brings in his experience in logistics, packaging, chemicals, construction materials after leading SCG’s Zero-To-One and DeepTech Innovation.
ADB Ventures plans $100M debt fund support for growth-stage companies in CleanTech and AgriTech by 2022
The multilateral's $100M fund aims to address the lack of late-stage funding for impact projects. The fund will concentrate on investing in companies in their Series B stage of funding for scaling and expansion.
Asia Partners closes its inaugural fund for Southeast Asia startups at $384M
Singaporean growth equity firm Asia Partners has closed its inaugural fund, Asia Partners I LP, at $384 million. This is the largest debut technology fund that will focus on investments in growth-stage startups in Southeast Asia.
AppWorks targets $150M Fund III to provide support for more startups across Taiwan and Southeast Asia, already raising $114M so far
With its Fund III, AppWorks is now stocking up on marketing securities to make more investments in sectors such as artificial intelligence, Internet of Things, blockchain, and decentralized finance.
Eurazeo to allocate 40% of $97M Smart City II Fund for energy, mobility, property, & logistics investments in SEA & China
The new fund will continue to invest in companies seeking to address the challenges brought about by . The fund will mainly look at investing in energy, mobility, proptech, and logistics industries from around the world.
500 Startups’ Global Launch Program opens to Singapore and US startups for 3rd batch
The program will provide access to 500 Startups mentors and founders who have significant business experience in the Southeast Asian Region and in the US. Qualified startups will also have access to the firm’s extensive network of investors.
What’s ahead? Southeast Asia startup and venture capital ecosystems 2021
Firms that introduce disruptive technologies in the tailwind industries such as Digital Wallets, Virtual Worlds, and New Retail are poised to thrive, as their solutions will continue to unlock new growth opportunities in existing markets and/or create new markets.
