Venture Capital

The latest fundraise takes the valuation of Unacademy Group to $3.44 billion.

Capital 49 will look for opportunities to invest in companies within Airwallex’s ecosystem, across a number of industries including e-commerce, SaaS, digital and technology, business services and enablers, and FinTech.

The funds raised will further develop Partipost’s tech platform and accelerate business expansion into Vietnam, as well as strengthen current operations in Singapore, Indonesia, Taiwan, Malaysia, and the Philippines.

Gentree Fund, a Philippines-based sector-agnostic fund that focuses on investments into early-stage B2C and B2B companies, has just announced that it has earmarked an initial $40 million to invest in early and growth-stage Southeast Asian startups with plans of expanding into the Filipino market.

In the TechNode Global Q&A, Amra Naidoo shared her story of how she started the early stage VC firm Accelerating Asia and her journey working in the male-dominated VC industry. She also shared the challenges she met working with startups and how Accelerating Asia is positioning itself to tap into opportunities that are overlooked by others.

MAGIC Fund II is currently looking at global startups that are focused on building infrastructure while delivering a quality customer experience. The firm typically writes checks of $100,000 to $300,000 for early-stage startups and will continue to do so in this fund.

Investible plans to use its second fund to invest in tech startups mostly in Australia. The VC fund has earmarked 30 percent of the fund’s committed capital to be used for global investments, the majority of which they expect to put towards Southeast Asian investments.

IMC Ventures, a newly-launched Singapore-based venture capital firm focused on investments in the maritime and supply chain industries, has announced that it has joined PIER71 as a venture capital partner with an objective to invest and nurture the maritime and supply chain ecosystem in Singapore.

iGlobe Platinum Fund III will focus on startups geared towards synthetic biology, FinTech, and developing new and innovative tech for smart cities.

The fund is one of five strategic investment funds that are set to inject $100 million worth of new capital into the Solana ecosystem. The ecosystem is composed of a community of projects and apps that were built on the blockchain founded by former Qualcomm, Intel, and Dropbox engineers.