Venture Capital
Singapore’s EDB commits additional funding of $25M; facilitates partnerships with startups
The Singapore Economic Development Board (EDB) is committing S$32 million ($24.57 million) in fresh funds over the next two years to continue driving corporate venturing in Singapore.
Philippine government’s SCALE NCR launches roadmap to boost Metro Manila’s startup ecosystem
The Strategic and Collaborative Alliance for Leveraging Ecosystems of Startups - National Capital Region (SCALE NCR), a consortium established by the Department of Science and Technology (DOST) of the Philippines, has launched key initiatives to drive innovation and accelerate startup growth in Metro Manila.
Cradle partners VentureTECH to bridge funding gaps in Malaysia startup ecosystem
Cradle Fund, the focal point agency for Malaysia’s startup ecosystem, and VentureTECH, an impact investment company established by the government of Malaysia, have entered into a strategic collaboration aimed at fostering structured discussions between fund providers across government and private sectors.
Antler closes $72M SEA Fund II to double down on SEA startups
Antler, a Singapore-based early-stage venture capital firm, has on Tuesday announced the $72 million close of its second Southeast Asia fund, Antler SEA Fund II. The new Fund will continue investing in early-stage tech-enabled companies in Southeast Asia with pre-launch, pre-seed, and seed capital.
P&G partners QBO Innovation to launch vGrow SHOWQASE in the Philippines to boost startup ecosystem
Procter & Gamble (P&G) Philippines has forged a strategic partnership with QBO Innovation to launch the first-ever vGrow SHOWQASE in the Philippines aimed at harnessing the untapped potential of the Philippine startup ecosystem and finding innovative partners who share P&G’s vision for sustainable growth and serving Filipino consumers.
MYStartup launches Pre-Accelerator Cohort 4 with 30 promising startups
MYStartup, in collaboration with WatchTower and Friends, has on Wednesday announced the selection of 30 high-potential startups for the MYStartup Pre-Accelerator Cohort 4.
EDBI and SEEDS merge to form SG Growth Capital to bolster Singapore’s efforts in building innovative enterprises in Singapore
Singapore-based global investor EDBI and SEEDS Capital (SEEDS) will be merged to form a new government investment entity called SG Growth Capital Pte Ltd.
Malaysia’s KWAP allocates $109M to boost venture capital ecosystem last year
Malaysia’s retirement fund Inc’s (Kumpulan Wang Persaraan (Diperbadankan [KWAP]) has allocated MYR 500 million ($108.84 million) in 2023 to boost the country's venture capital ecosystem.
Malaysia’s Khazanah Nasional completes acquisitions of MAVCAP and Penjana Kapital
Malaysian sovereign wealth fund Khazanah Nasional has completed the acquisitions of Malaysia Venture Capital Management Bhd (MAVCAP) and Penjana Kapital, a step forward in advancing Malaysia’s venture capital ecosystem.
JIA Asset Management joins Vynn Capital Progression Fund as limited partner
JIA Asset Management Sdn Bhd has announced on Tuesday its strategic collaboration with Vynn Capital by participating as a limited partner in the Vynn Capital Progression Fund, Vynn Capital’s mobility and supply chain-focused fund.
