Investments

Malaysia co-farming startup Fefifo raises $3.1M to scale operations and build up tech, data, engineering capabilities

Fefifo is a first-of-its-kind Agtech startup pioneering digitalized, standardized farming in ready-to-farm modern farm spaces called Co-farms. Smallholder farmers (aka “Agropreneurs”) can start their modern commercial farming business in Fefifo Co-farms by renting a pre-fitted office with managed farm services and sell to reliable, profitable contract…

Singapore IoT firm UnaBiz raises $25M in Series B led by SPARX Group

The funding brings UnaBiz’ total capital raised to $35 million since it launched in July 2016.

Indonesia fleet management firm TransTRACK.ID raises $552K Seed round from Cocoon Capital, IWEF

TransTRACK.ID will use the funds to scale product development and expand its network of partners across Indonesia to dominate the market.

Mekong Capital invests $15M into Vietnam-based genetic testing firm Gene Solutions

Gene Solutions is the sixth investee company announced by Mekong Enterprise Fund IV.

Online brokerage Ajaib becomes Indonesia’s latest unicorn after raising $153M Series B round

The Jakarta-based startup has reached a valuation of $1 billion after raising $153 million in a financing round led by DST Global.

Grab to increase stakes in Indonesia-based e-wallet OVO to 90% – report

Grab has increased its holding in Ovo's parent company PT Bumi Cakrawala Perkasa from about 39 percent.

Indonesia e-commerce firm Ula bags $87M Series B, ropes in Amazon’s Jeff Bezos as investor

The funding round was co-led by Prosus Ventures, Tencent and B Capital Group. Amazon founder Jeff Bezos's Bezos Expeditions also joined the round.

UK’s CDC Group backs Fatima Gobi Ventures’ Pakistan-focused fund

The new funds will boost Techxila Fund I’s investments in early-stage tech companies across Pakistan.

Singapore skyline SGX SPAC

SGX-backed ADDX tokenizes global private equity fund managed by Partners Group

The EUR5.5 billion Global Value SICAV Fund is the first fund by a major PE firm to be tokenized anywhere in the world.

Singapore-based Forge Ventures hits first close of maiden fund at $21.9M

Forge Ventures said it will build a concentrated portfolio of just 15 companies over the next three years with a focus on Singapore and Indonesia.