Venture Capital

The optimal development path for startups in Vietnam at the moment is to join conglomerates, such as via merger & acquisition (M&A) deals, instead of striving for initial public offering (IPO), said Erik Duong, founder of Web3 X, an investment fund and incubator specializing in Web3 and Blockchain startups.

Xora Innovation, an early-stage AI and deep tech venture firm backed by Singaporean state-owned investment firm Temasek, has appointed Eric Rosenblum as General Partner.

OnSite, a Singapore-based startup developing an AI-powered communication platform for the construction and facilities management industry, has raised S$1.7 million ($1.3 million) in a seed funding round.

Vietnam's establishment of state funds for venture capital, such as Hanoi with a VND600-billion ($22.8 million) venture capital fund and Ho Chi Minh City with a VND500-billion, can help boost private venture capital in Vietnam, according to experts.

Authorities in Vietnam's Ho Chi Minh City have approved a plan to establish a venture capital (VC) fund aimed at boosting technology startups, commercializing research, and accelerating innovation in key strategic industries.

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Venture capitalists TechNode Global contacted opined that political issues will have little impact on investors' confidence in Malaysian tech startups. The tech industry in the country will continue to grow due to the ongoing pandemic which has accelerated digitalization.

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We are especially looking for unusual profiles and messy CVs — profiles that HR finds hard to place. Our Scouts include YC founders, ex-partners of VC funds, country managers of SEA tech unicorns, etc.

Square Peg has just announced the close of its fourth pool of venture capital with an impressive US$450 million (A$594 million). This brings its total venture capital chest to over $1 billion.