Venture Capital

Australia-based farm to fork innovation venture fund Mandalay Venture Partners has secured Queensland Investment Corporation (QIC) as an investor, deepening its position in Australia’s growing agrifood tech sector. The fund, which is also backed by Australia’s largest member-owned organization the NRMA, has hit $26.74 million in committed capital.

Netherlands-based Orient Growth Ventures said Thursday it has completed final closing of second fund at $90 million for Southeast Asia and India.

Malaysia Venture Capital Management Berhad (MAVCAP), has appointed Ter Leong Yap as its new Chairman, effective December 15, 2023. Ter joins its family with a wealth of experience through his current roles as the Founder and Executive Chairman, Sunsuria Group.

Antler, the global early-stage venture capital firmbased in Singapore, has on Wednesday announced its largest pre-seed investment round to date, committing $5.1 million to 37 startups across Southeast Asia.

SoftBank Ventures Asia is officially changing its company name to SBVA after closing $150 million fund. SBVA, through this fund, aims to actively discover early to mid-stage startups that capitalize on technological innovations in ICT, such as artificial intelligence (AI), robotics, and computing, and create new business opportunities.

InnoVen Capital, an Asian provider of venture debt for high growth, venture-backed technology companies, has unveiled the launch of its second China fund — InnoVen China Fund II, a USD-RMB Dual Currency Fund. The fund targets a total size of $250 million, and an initial close of approximately $130 million has been completed.

Bursa Malaysia Berhad has on Thursday launched the SME X Platform in collaboration with the Companies Commission of Malaysia (SSM), to further support corporate fundraising and business investment opportunities.

Malaysia Venture Capital Management Berhad (MAVCAP), Malaysia's largest venture capital firm, is investing as a limited partner in Vynn Capital's latest Mobility and Supply Chain Fund. This collaboration underscores MAVCAP's dedication to advancing technological frontiers in Malaysia and Southeast Asia.

Indonesia-based venture capital firm AC Ventures has announced the final close of its fifth investment fund, ACV Capital V L.P. (ACV Fund V), totaling $210 million, including co-investment funds.

Filipino startup founders are pessimistic on funding climate in 2024, and are shifting focus to profitability, a study showed Thursday.