Venture Capital

RapidCanvas has raised $29 million in a Series B led by Vertex Ventures Southeast Asia & India to expand its enterprise AI platform and field engineering teams.

Singapore battery recycler NEU Battery Materials has raised $7.6 million and commissioned a 1,300-tonne-per-year LFP recycling plant in Tuas.

Hai Nguyen, founder and CEO of startup coaching BeginGuru, stressed the gap comes down to one thing: investors still see no credible path to exit, so capital waits. The cheap-money era is over, and startups must live on customers’ money, not investors’.

TCGX has closed an oversubscribed $600 million fund to invest across stages in Asia-based biotechnology companies and is opening Hong Kong and Shanghai offices.

Ho Chi Minh City, Vietnam's biggest economic hub, will help startups by pushing venture capital, said Truong Minh Huy Vu, Vice Chairman of Ho Chi Minh City People's Committee, at the "SAIH: Applied AI Lab Demo Day 2026" event on Thursday.

Butterfly Effect, the parent of Singapore-headquartered AI agent startup Manus, has raised more than $500 million after unwinding its Meta acquisition.

The Hong Kong Monthly Funding Tracker for September 2026 recorded a strong rebound in total capital deployment, reaching $394.84 million across 8 rounds

The SEA Monthly Funding Tracker for September 2026 recorded a sharp pullback in total capital deployment, reaching $82.7 million across 13 rounds.

MDI Ventures, the corporate venture-capital arm of Indonesia's state-owned telecom group Telkom, has revamped its Southeast Asia investment strategy to focus on enterprise AI and digital-asset infrastructure.

In a recent interview with TNGlobal, AEF Executive Director and Chief Executive Officer Cindy Chow discussed how the fund's investment strategy has evolved over the past decade, what it looks for in founders and why it believes Hong Kong’s role could extend beyond being a gateway to becoming a launchpad for Asian companies going global.