Venture Capital

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, in collaboration with WatchTower and Friends, has on Wednesday announced the selection of 30 high-potential startups for the MYStartup Pre-Accelerator Cohort 4.

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 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.

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 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.

The Securities Commission Malaysia (SC) is seeking FinTech startups to enhance Islamic capital market via the second cohort of its FIKRA ACE accelerator program, part of the FIKRA ACE initiative.

Xero, a New Zealand-based small business platform, has announced the return of the Xero Beautiful Business Fund for 2024 — an initiative offering more than SGD 630,000 ($466,720) in funding to support small businesses and non profits with their growth plans and help drive future success.

The panelists shared their views on the most promising sectors in Southeast Asia, the future development of the tech ecosystem, among others. These investors also shared their views on several issues related to the tech ecosystem in Southeast Asia from a foreign investor's and a regional investor's point of view.

OSK-SBI Venture Partners Ltd. (OSK-SBI) has on Wednesday announced the launch of its second venture capital fund to invest in category-defining companies across Southeast Asia. Active fundraising for Fund 2 is ongoing with the target to hit final close of capital commitments of $40 million.