Venture Capital
Sime Darby, AEI Capital become limited partners in Vynn Capital’s $30M fund
Vynn Capital, a Malaysia-based venture capital firm specializing in early-stage investments, has on Wednesday announced the participation of Malaysian conglomerate Sime Darby Berhad and Hong Kong-based investment firm AEI Capital as limited partners in its second Venture Capital (VC) fund.
Tracxn: Vietnam’s tech startup ecosystem sees 82 percent plunge in funding
Total funding into Vietnam tech startups fell 82 percent to $66 million in the first half of 2023 from $372 million in the first half of 2022, indicating a funding winter in the region, Tracxn Technologies Ltd. said Monday.
Cybersecurity funding falls 63 percent in second quarter, says Crunchbase
Venture funding for cybersecurity dropped to just slightly more than $1.6 billion in the just completed second quarter — a 63 percent drop from the same quarter last year when startups saw nearly $4.3 billion, Crunchbase said on Tuesday.
Asia startup funding falls 50 percent in first half as late stage continues decline, says Crunchbase
Funding to startups in Asia in the first half of 2023 dropped 50 percent from the previous year — spurred on by fewer large, late rounds, and mirroring the global venture market, Crunchbase said Thursday.
Total funding into SEA tech startups falls 71 percent year on year to $2.3B in first half, says Tracxn
Total funding into Southeast Asia (SEA) tech startups fell 71 percent to $2.3 billion in the first half of 2023, from $8 billion a year ago, said Tracxn Technologies Ltd on Thursday. The total funding in the first half is also 45 percent lower than $4.3 billion raised in the second half of 2022.
Singapore’s Antler partners Khazanah to launch and invest in Malaysia
Singapore-based venture capital firm Antler is extending its international footprint into Malaysia through a partnership with the sovereign wealth fund of Malaysia Khazanah. Khazanah said in a statement on Thursday that Antler is aiming to invest in over 30 startups across Malaysia over the next three years.
Temasek’s VC arm Vertex raises $900M in first round of new fund, plans to close in “coming months”, says CEO
Vertex Master Fund III was set up by Vertex Holdings to provide Japanese investors diversified exposure to key innovation hubs globally by investing into its Vertex family of funds
AC Ventures’ ESG Head recruited by ASEAN Business Advisory Council for Carbon Center of Excellence
The ASEAN Business Advisory Council (ASEAN-BAC) Green & Sustainable Working Group has confirmed that it has inducted AC Ventures’ Principal and Head of ESG Lauren Blasco into its Carbon Center of Excellence (CCoE).
Sequoia Capital’s China unit sets up office in Singapore – report
HongShan told the FT it had a “strong foundation of trust” with PeakXV and there would be opportunities for both teams to collaborate.
Bain & Company to acquire global venture-building studio Rainmaking APAC arm
Global management consulting firm Bain & Company has on Friday announced that it intends to acquire the Asia Pacific (APAC) arm of global venture-building and start-up development studio, Rainmaking, to help companies across the region better innovate, launch, and scale new businesses.
