Singapore
Burda's Asia head recruited by Eurazeo
Albert Shyy, formerly head of Asia at Burda Principal Investments (BPI), the investment arm of European technology and media company Hubert Burda Media, has joined Eurazeo in Singapore.
Singapore parenting app raises $22m Series D
East Ventures has led a USD 22m round for Singapore’s Parentinc, which claims that its flagship brand, theAsianparent, is Southeast Asia’s largest parenting platform.
Southeast Asia's Dymon seeks $550m for Fund III
Dymon Asia Private Equity (DAPE) has set a target of USD 550m for its third fund, which will make investments in mid-market companies in Southeast Asia.
Singapore's Azalea launches sustainability fund-of-funds
Temasek Holdings-owned Azalea Investment Management has launched its first sustainability fund-of-funds, which will target opportunities that deliver positive environmental and social outcomes alongside private equity-style financial returns.
BNPL: Voodoo economics?
Credit-driven e-commerce is coming to developing Asia with an attractive supply-demand equation and a mix of macro and business-level risks. Start-ups are courting incumbents, not disrupting them
Deal focus: Apis targets modes of engagement
Through investments in Giift and Xoxoday, Apis Partners is betting on the emergence of personalised, data-driven loyalty and incentives programs and Asian corporates doing more to retain staff and customers
Temasek's Seatown targets mass affluent with latest fund
Seatown Holdings International, an affiliate of Singapore’s Temasek Holdings, will welcome commitments as small as USD 100,000 from mass affluent investors in its latest fund.
Q&A: Amasia’s John Kim
John Kim, co-founder of Singapore and US-based Amasia, explains how a climate impact thesis “swallowed up” his generalist VC firm and shifted its focus from technology to behaviour
PropertyGuru completes SPAC merger, trades flat
PropertyGuru, a private equity-backed Southeast Asia real estate portal, traded flat on its New York Stock Exchange debut following a merger with a special purpose acquisition company (SPAC) at an enterprise value of USD 1.36bn.
Deal focus: Mighty Jaxx revels in 'phygital' bridge role
In collectables maker Mighty Jaxx, East Ventures saw not only an effective traditional retail brand, but a company capable of elevating the user experience by straddling the digital and physical worlds
Deal focus: Financial crime pays for Silent Eight
Singapore’s Silent Eight is tackling the toughest cybersecurity subsegment and securing global clients in its early stages. Wavemaker Partners predicts a near-term explosion in growth
Deal focus: Chatbots position for cross-border expansion
Cathay Innovation, an affiliate of Cathay Capital, sees voice recognition services as a key area of B2B growth. Singapore’s AI Rudder is hoped to prove this idea on a global scale
Singapore financial crime AI start-up gets $40m
Singapore’s Silent Eight, a compliance and financial crime risk investigation platform, has raised a USD 40m Series B round led by US-based TYH Ventures.
East leads $20m round for Singapore's Mighty Jaxx
Singapore-based toy figurine manufacturer Mighty Jaxx has raised USD 20m in an extended Series A led by East Ventures. Crypto specialist Mirana Ventures also participated.
Singapore’s Cake DeFi launches $100m corporate VC arm
Singapore-based decentralised finance platform Cake DeFi has earmarked USD 100m for a venture capital program that will target web3, gaming, and financial technology start-ups globally.
KKR-backed massage chair business files for Hong Kong IPO
V3 Brands Asia, a KKR-backed holding entity for OSIM, which claims to be Asia’s number one brand in the premium massage chairs market, has filed for an IPO in Hong Kong.
Tiger Global, Coatue lead Series B for Singapore's AI Rudder
Tiger Global Management and Coatue Management have led a USD 50m Series B round for Singapore-based voice artificial intelligence start-up AI Rudder.
Dymon pursues take-private of Singapore healthcare business
Dymon Asia Private Equity has made a take-private offer for Singapore-listed healthcare services provider Singapore O&G that values the company at approximately SGD 141m (USD 103.3m).
Deal focus: Faux fowl fast-forwards
Next Gen Foods is pushing hard to popularise its meatless chicken brand Tindle in the name of climate action. The largest-ever Series A round in alternative protein is jumpstarting the campaign
Singapore's Volopay gets $29m Series A
Singapore’s Volopay, a B2B financial technology provider specialising in cross-border transactions, has raised USD 29m in Series A funding led by Justin Mateen, co-founder of Tinder.
Q&A: Sylvan Group’s Gerald Leong
Gerald Leong, a 25-year veteran of Asian private equity, believes returns-focused impact investment is the future of the industry. His new firm, Singapore-based Sylvan Group, will attempt to prove it
Deal focus: Affirma sees promise in Asia e-scooters
Affirma Capital has led a USD 93m Series B round for Singapore-based e-scooter provider Beam, citing its ability to internationalise a locally-focused and increasingly popular business model
Mubadala leads $500m round for Princeton Digital
Abu Dhabi’s Mubadala Investment has contributed USD 350m to a USD 500m equity round for Singapore-based data centre developer Princeton Digital Group (PDG).