Venture Capital
PIDG exits Dat Bike as Vietnamese e-motorbike maker raises $26M Series B
The Private Infrastructure Development Group (PIDG) has exited its investment in Vietnam’s electric motorbike startup Dat Bike, after the company redeemed its convertible note.
Neolix raises nearly $400M Series E led by Boyu
Chinese autonomous-delivery company Neolix has raised nearly $400 million in a Boyu Capital-led Series E to support global expansion.
Tenstorrent raises $1.5B Series E at $6.2B valuation
Tenstorrent closed a $1.5 billion Series E at a $6.2 billion post-money valuation to expand AI systems, manufacturing and processor licensing.
RapidCanvas raises $29M Series B led by Vertex Ventures
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.
NEU Battery Materials raises $7.6M and opens Singapore plant
Singapore battery recycler NEU Battery Materials has raised $7.6 million and commissioned a 1,300-tonne-per-year LFP recycling plant in Tuas.
“Cheap money era” is over, Vietnam startups must go back to basics, says BeginGuru CEO
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 closes $600M fund to invest in Asian biotech
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.
Vietnam’s Ho Chi Minh City to step up support for startups by promoting VC investment
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.
Manus parent Butterfly Effect raises more than $500 million after Meta exit
Butterfly Effect, the parent of Singapore-headquartered AI agent startup Manus, has raised more than $500 million after unwinding its Meta acquisition.
TNGlobal Tracker: Hong Kong Monthly Funding Snapshot September 2026
The Hong Kong Monthly Funding Tracker for September 2026 recorded a strong rebound in total capital deployment, reaching $394.84 million across 8 rounds
