Venture Capital

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.

India-focused venture capital fund Gruhas has joined hands with new age media leader Collective Artists Network to create the Gruhas Collective Consumer Fund an initial investment fund of 150 Crore rupees ($18.29 million), dedicated to fostering innovative consumer brands.

A slower final quarter ended a lackluster year for global startup funding as venture capital investors continued to hold back in 2023, Crunchbase data showed Thursday. Global startup investment in 2023 reached $285 billion — marking a 38 percent decline year over year, down from the $462 billion invested in 2022.

Golden Gate Ventures, a Singapore-based venture capital fund founded by Silicon Valley natives, has on Monday announced the establishment of their first Middle East and North Africa (MENA) office in Saudi Arabia to strengthen ties between Singapore and MENA, and accelerate the development of the MENA startup ecosystem.

United States venture capital firm In-Q-Tel, Inc. (IQT) has announced the opening of a new office in Singapore. This strategic expansion into Singapore reflects the region’s growing importance as a technology and venture capital hub.

Indonesia has witnessed total funding of $1.4 billion year to date, a drop of 54 percent as compared to the same period in 2022, Tracxn said Wednesday. The number of funding rounds in the country year to date also experienced a drop of 49 percent as compared to the same period in 2022.

In the interview, Glenn Estrella also shared how 917 Ventures seeks to enter into more strategic partnerships in its home country - the Philippines - and across Southeast Asia. He also shared the challenges within the startup/VC ecosystem in the country and suggestions for the ecosystem, among others.

Vietnam has secured the fourth position in 2023 based on year-to-date (YTD) funding, marking the lowest funding year for the region since 2019. The Vietnamese tech startup ecosystem has raised a total of $142 million in funding year to date, reflecting a drop of 73 percent and 91 percent compared with the funds raised in the same period in 2022 and 2021,…

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.