Venture Capital

Wavemaker Impact, a Singapore-based climate tech venture builder, announced on Wednesday that Monique Conheady has joined as its new Venture Partner for Australia and New Zealand. With Monique leading its efforts in Australia and New Zealand, Wavemaker Impact intends to launch its first venture in the region next year.

ESG and impact are starting to feature more strongly in investment evaluation and decisions. Investors believe that a strong social-environmental impact will eventually lead to sustained outsized profitability, rather than a scramble for strong short-term profitability that will fizzle out. 

The Securities Commission Malaysia (SC) has enhanced its guidelines on the registration of venture capital (VC) and private equity (PE) corporations and management corporations (VC/PE Guidelines). The revisions took effect on November 28.

FWD Group Holdings Limited (FWD Group) has on Thursday announced the launch of TIM Ventures, a MYR45 million ($10.22 million) venture capital fund in collaboration with Artem Ventures, a Malaysia-based venture capital firm, to invest in emerging start-ups in the insurtech and Islamic fintech space in Malaysia.

South Korean early-stage accelerator and venture capital (VC) Bigbang Angels (BBA) has on Thursday announced its formation of a global investment fund and deepens its footprint in South East Asia, by cementing its partnership with Singapore homegrown early-stage innovation ecosystem enabler, Farquhar Venture Capital (FVC).

SCB 10X, the venture investment arm of SCBX group, announced Thursday the launch of SCB 10X DISTRICTX, a physical space in the middle of Bangkok central business district (CBD) to build and foster world-class communities in blockchain and Web3.

Iterative, a Singapore-based early-stage venture capital firm that also runs a YC-style accelerator, said Wednesday it has closed its second fund at $55 million to invest in startups across Southeast Asia.

Kae Capital, a venture capital firm in India, announced Friday that it has closed its Fund III, raising INR 767 Cr ($96 million).Some of the leading international institutional investors who have backed this fund are Old Mutual Wealth, Velo Partners, and Finext, whilesome of the Indian investors are HDFC Holdings and SIDBI.

East Ventures, the Singapore-based venture capital firm that has supported over 250 tech companies across Southeast Asia, has on Wednesday launched the fourth initiative of Indonesia PASTI BISA, namely Maju Terus Pantang Mundur (Keep Moving Forward, Never Give Up) or IDPB MTPM, to revive and support the digital ecosystem in Indonesia.