Venture Capital

Tracxn : Indonesian tech startups funding declines 36 percent in first quarter

The Indonesia tech sector secured a total funding of $91.7 million in the first quarter of 2024 to date (till March 15, 2024), which is a drop of 36 percent from $143 million raised in the same period last year (till March 15, 2023). Tracxn said Thursday.

Tracxn : Vietnam tech startups funding fall 39 percent in first quarter

The Vietnam Tech ecosystem raised total funding of $35.7 million in the first quarter of 2024 to date (till March 15, 2024), which is a 39 percent decline from $58.6 million raised in the same period in 2023, Tracxn said Wednesday.

Tracxn : SEA tech startups see 13 pct decline in funding in first quarter

The Southeast East Asia (SEA) tech startup ecosystem secured a total funding of $816 million in the first quarter of 2024 to date (till March 15, 2024), the lowest-funded quarter in the past five quarters in the SEA tech sector, Tracxn said Wednesday.

HSBC launches $1B ASEAN Growth Fund; introduces Venture Debt Fund

Global lender HSBC has on Wednesday announced the launch of a $150 million Venture Debt offering in Singapore, and a $1 billion ASEAN Growth Fund, targeting new economy businesses.

Hang Seng Bank launches $4.22B SME Power Up Fund

Hong Kong-based Hang Seng Bank has on Tuesday unveiled the HKD 33 Billion ($4.22 billion) SME Power Up Fund, a strategic initiative to support the growth, cross-boundary development, and sustainable progression of Hong Kong's small and medium-sized enterprises (SMEs).

Golden Gate Ventures promotes Angela Toy to COO in strategic international expansion move

Golden Gate Ventures, a Singapore-based venture capital fund, has on Wednesday announced the appointment of Partner Angela Toy as its Chief Operating Officer (COO). This newly created position reflects Golden Gate Ventures' commitment to robust expansion and strategic leadership in startup ecosystems.

DNX Ventures raises $243M for two new Japan funds

DNX Ventures, a Japan and U.S.-based venture capital firm, has announced the final close of two new Japan funds, raising a total of approximately 36.5 billion yen (U.S. $243 million).

Securities Commission Malaysia to launch 5-year MSME Roadmap to increase MSMEs capital market access

The Securities Commission Malaysia (SC) said Monday it will soon launch a five-year micro, small and medium enterprises (MSME) Roadmap, which aims to provide increased access to the capital market for MSMEs.

B Capital closes Opportunities Fund II at $750M

B Capital, a global multi-stage investment firm, has on Tuesday announced the close of B Capital Opportunities Fund II, L.P. (Opportunities Fund II) with aggregate capital commitments of $750 million, nearly doubling the size of its predecessor B Capital Opportunities Fund I.

Kaya Founders raises $18M in second close to support more Filipino entrepreneurs

Philippines-based venture capital firm Kaya Founders is targeting PHP1.4 billion ($25 million) across two new funds to invest in early-stage start-ups in the Philippines and Southeast Asia.