Venture Capital

Hong Kong Web3 fund CMCC Global launches $100M in first close

CMCC Global, a Hong Kong based Web3 and blockchain fintech fund, has launched a $100 million new venture capital fund that will empower entrepreneurs in Hong Kong and beyond to build innovative Web3 companies.

Antler India approaches final close of maiden $75M pre-seed fund

Early stage investment platform Antler in India has closed commitments of INR 500 crores ($60 million) and is approaching the final close of its maiden INR 600 crores ($75 million) pre-seed fund. The fund is significantly oversubscribed on its base corpus target, and is now completing the exercise of the greenshoe portion to reach nearly double the initial…

Tracxn : SEA tech startups witness lowest quarterly funding in five years

Southeast Asia (SEA) funding has seen a big drop of 74 percent in quarter-on-quarter in the third quarter, making it the lowest funded quarter in the last five years, said Tracxn on Thursday. the SEA tech startup ecosystem raised a total of $835 million in the third quarter, a huge 74 percent drop from $3.2 billion raised in the second quarter of 2023 and a…

Temasek-backed True Light raises $3.3B to invest in Greater China

Temasek-backed unit True Light Capital Pte. Ltd. (True Light) has on Thursday announced the final closing of its first flagship fund, True Light Fund I. The fund was closed at $3.3 billion, with capital commitments from global investors, including sovereign wealth funds, foundations, financial institutions, and family offices.

Quest Ventures appoints April Ong Vaño as Head of Environmental, Social & Governance

China-based venture capital firm Quest Ventures has appointed Philippine-based April Ong Vaño as its Head of Environmental, Social & Governance (ESG). In this capacity, Ong Vaño will play a pivotal role in advancing the company's mission and advancing sustainability efforts in key markets.

Japan’s Incubate Fund Asia announces first close of $50M third fund

Japan's venture capital firm Incubate Fund Asia has on Thursday announced the first close of its third fund which has a target corpus of $50 million. The fund is expanding its focus on supporting pre-seed and seed-stage startups in India and South East Asia (SEA).

Malaysian pension fund KWAP launches $107M to boost Malaysia’s venture and startup ecosystem

Malaysia's pension fund Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has on Thursday announced the launch of Dana Perintis, aimed at injecting vitality into Malaysia's venture and startup ecosystem. With a commitment to invest up to MYR 500 million ($106.6 million) over the next 18 to 24 months, KWAP is set to empower early-stage companies, drive…

Student venture fund Nila Capital launched in the Philippines to bridge funding gap

Nila Capital, a Philippines student venture fund, has announced its official launch, bringing a new wave of value to Gen Z startup founders across the country. Its mission is to not only offer these visionary young entrepreneurs access to vital capital but also to cultivate an expansive network of industry professionals.

India’s Kae Capital announces the final close of its Winners Fund II at $50M

Kae Capital, an early-stage investing firm in India, has closed its Winners Fund II (KWF II), raising $50 million. Through KWF II, Kae is targeting to invest in 20 companies.

Singapore’s sneaker marketplace Novelship bags $9.5M in Series B funding round led by East Ventures

The new funds will accelerate the company’s move to amplify its brand presence across Southeast Asia. This includes enhancing its logistics capabilities, refining authentication processes, expanding its slew of in-house collections, and optimising its environmentally-conscious delivery process.