Venture Capital
Japan’s Mizuho Bank leads neobank Tonik’s $131M Series B
Mizuho Bank, one of Japan's largest banking groups, is the latest big backer of Philippine digital bank Tonik, leading its $131 million Series B round of funding.
Japanese VC firm Genesia Ventures raises $90M in first close of third fund to invest in Japan, SE Asia
Genesia Ventures announced the first close of its new fund, Genesia Venture Fund 3 Investment Limited Partnership, with a total amount of approximately $90 million. Similar to the first and second funds, the third fund is focused on investments in pre-seed and seed stage startups in Japan and Southeast Asia (SEA),
Resilience, adaptability & speed to scale are essential in navigating today’s business challenges, says Quest Ventures’ James Tan [ORIGIN Innovation Awards Q&A]
"More VCs in the medium and long-term with bigger war chests. This would mean more funds to deploy and the ability to grow the startup ecosystem more rapidly."
Singapore’s Blockchain Founders Fund announces first close of $75M venture fund
Singapore venture capital (VC) fund Blockchain Founders Fund (BFF) announced Thursday the principal close of its $75 million BFF II. Some of the notable investors participating in BFF II include NEO Global Capital (NGC), Appworks, Sebastien Borget COO of The Sandbox, GSR, LD Capital, Metavest Capital, TechMeetsTrader, Zipmex, Baksh Capital, Octava, Aria…
Malaysian venture capital firm 1337 Ventures launches new $290,000 fund for Malaysian startups
1337 Ventures announced a new MYR1.2 million ($290,000) 1337 Accelerator Fund I to invest into promising early-stage Malaysian startups.The new fund is open to seed-stage startups across any industry, from fintech, edtech to healthtech,
AC Ventures’ Adrian Li says Indonesia’s the most compelling market to invest in ASEAN [Q&A]
Last month, AC Ventures had closed its Fund III with over $205 million in committed capital.
Alpha JWC forecasts Indonesia will produce at least 10 more unicorns by 2025
Alpha JWC Ventures forecasts that Indonesia will produce at least 10 more unicorns by 2025. The VC firm saw four unicorns from its portfolio in 2021, with 14 companies valued between $500 million to $1 billion, buoyed by global investors’ interests and the strong performance of Indonesia’s tech sector. In the fourth quarter of last year, the VC firm also…
Indonesia’s Alpha JWC Ventures banks on larger fund size as it scouts for opportunities in Southeast Asia
The firm, which has invested in several small and medium enterprises (SME) solutions companies, like GudangAda and UnaBrands, also believes that these firms will be the "next big trends" in the region.
True Global Ventures invests $25M into Web3 companies and blockchain
Singapore-based venture fund True Global Ventures 4 Plus (TGV4 Plus) Fund is investing about $25 million into the equity of five industry-redefining Web3 and blockchain. The fund focuses on three main verticals in Web3 which are infrastructure, financial services that are powered with blockchain and entertainment like play-to-earn games GameFi, metaverses,…
Southeast Asia’s Top 10 tech news in 2021
It’s that time of the year again when we take a look back at what had happened during the year in the tech and startup scene.
