Venture Capital
Tracxn: SEA tech startups continue to see a downward trend as funding falls 65 percent in 2023
The Southeast Asia (SEA) Tech sector received a total funding of $4.3 billion in 2023 year to date (till December 5, 2023), a 65 percent plunge from $12.4 billion raised in the same period last year, Tracxn said Tuesday.
Singapore’s Seraya Partners closes $800M Asia-focused infrastructure fund for digital infrastructure and energy transition investments
Seraya Partners, the Asia-based independent privateequity fund for next-generation infrastructure investing, has on Tuesday announced the completion of its first fund, “Seraya Partners Fund I” at $800 million. The final investment which includes co-investments has surpassed its $750 million target.
Gobi GBA drives positive environmental change and circular business models through strategic capital allocation
Gobi Partners, a leading pan-Asian venture capital firm, is firmly dedicated to promoting sustainable development and is poised to make significant investments in circular economy sectors across the Asia-Pacific (APAC) region, with a particular focus on the vibrant Greater Bay Area (GBA).
Climate tech venture builder Wavemaker Impact closes first fund at $60M
Wavemaker Impact (WMI), a Southeast Asia’s climate tech venture builder, has announced the final close of its debut fund dedicated to driving large-scale decarbonization efforts in the region. The first fund hit its $60 million hard cap, surpassing its initial $25 million target by 2.5 times.
Australia’s Happenco closes $12M fund, backing earliest stages founders
Australian venture investment and advisory firm Happenco has on Thursday announced the close of its first fund, raising $12m to empower earliest-stage startups to build bold companies. The fund is led by Ben Cheyne, (ex. Deloitte Ventures), Gideon Gut-Silverman (ex. McKinsey, Google), and Omar Varts (ex. Deus Ex Machina), who bring a breadth of knowledge…
MRANTI supports 191 Malaysian innovators to accelerate since 2020
The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has supported 191 Malaysian companies to accelerate since 2020. In 2023, its National Technology and Innovation Sandbox (NTIS) spearheaded by MRANTI has enabled 27 Malaysian technology companies to commercialize 27 products, turning in MYR 87.2 million ($18.67 million) in sales.
Antler announces $2M in funding for startups across Singapore and Indonesia
Antler, the Singapore-based early-stage venture capital firm, has invested another $2 million in 15 startups across Singapore and Indonesia. As a global investor, Antler has invested in over 900 startups, making them the most active investor globally and in Southeast Asia.
JazzCash and Fatima Gobi Ventures team up to boost startups in Pakistan
Pakistan-based FinTech platform JazzCash and Pakistan’s venture capital (VC) company Fatima Gobi Ventures (FGV) have announced a strategic partnership that is poised to have a massive impact on advancing the growth of startups and budding businesses in the country.
