Venture Capital

IMC Ventures, a newly-launched Singapore-based venture capital firm focused on investments in the maritime and supply chain industries, has announced that it has joined PIER71 as a venture capital partner with an objective to invest and nurture the maritime and supply chain ecosystem in Singapore.

iGlobe Platinum Fund III will focus on startups geared towards synthetic biology, FinTech, and developing new and innovative tech for smart cities.

The fund is one of five strategic investment funds that are set to inject $100 million worth of new capital into the Solana ecosystem. The ecosystem is composed of a community of projects and apps that were built on the blockchain founded by former Qualcomm, Intel, and Dropbox engineers.

What will it take to realize Indonesia’s potential as the land of unicorns? In a nutshell, it entails a paradigm shift within Indonesia’s startup ecosystem. Instead of fast returns and quick gains, startups, traditional businesses and investors alike should focus on long-term sustainability.

Touchstone Partners has announced the first close of its inaugural $50 million venture capital fund. The fund is backed by New York-based Pavilion Capital, Vulcan Capital, and several other investors and family offices. 

Since establishment in 2014, Openspace Ventures has invested in 33 companies across verticals including logistics, FinTech, AgriTech, EdTech, HealthTech, CleanTech, and B2B SaaS. One of the firm’s earlier investments includes Indonesian unicorn Gojek.

Targeting to invest in around 40 companies, the fund intends to focus on tech-enabled B2B or B2B2C startups in their pre-Series A to Series A round of funding with an average investment of $500,000 per startup.

Founded in 2014 by Facebook co-founder Eduardo Saverin and former Bain executive Raj Ganguly, the firm has mostly invested in companies in enterprise technology, FinTech, HealthTech, consumer enablement technology, transportation, and logistics industries in their Series B to C round of funding.

With four years of investments, AddVentures aims to scale its operations as it selected Prakit as its Managing Director. He has led AddVenture’s effort to lead and scale since January 2021. Prakit brings in his experience in logistics, packaging, chemicals, construction materials after leading SCG’s Zero-To-One and DeepTech Innovation. 

The multilateral's $100M fund aims to address the lack of late-stage funding for impact projects. The fund will concentrate on investing in companies in their Series B stage of funding for scaling and expansion.