Singapore
Lion X, Vickers lead Series B for Singapore's Awak
Lion X Ventures and Vickers Venture Partners have led a Series B round of approximately USD 20m for Awak Technologies, a Singaporean start-up that makes wearable dialysis treatment devices.
Jungle, Openspace back Singapore e-commerce services player
Singapore-based e-commerce services provider Amp, which was founded by the team behind inventory and order management platform TradeGecko, has raised USD 18.5m in Series A funding.
Japanese insurer ups stake in PE-backed Singapore Life
Sumitomo Life will become the largest shareholder in Singapore Life (Singlife) – an insurer also backed by TPG Capital – having agreed to acquire Aviva’s 25.9% stake in the business for GBP 800m (USD 999m).
Singapore student-run VC programme launches new fund
Protégé Ventures (PV), a student-run venture fund programme set up by the Singapore Management University Institute of Innovation & Entrepreneurship (SMU IIE) has launched a second fund of SGD 500,000 (USD 367,000).
ShawKwei completes duo of US acquisitions
Asia-focused industrials specialist ShawKwei & Partners has completed two investments in the US spanning packaging manufacturing and environmental chemicals.
GP profile: Quona Capital
Financial innovation-focused Quona Capital operates across global developing markets with a compact team and a strict returns-focused impact agenda. Asia dominates the growth narrative
Templewater buys Singapore precision engineering player
Templewater, a Hong Kong-headquartered investment firm that spun out from Investec Group’s principal investments division, has acquired Singapore-based precision engineering business Knight Auto Precision Engineering.
Fund focus: Growtheum’s Southeast Asia breakthrough
Amit Kunal swapped a sovereign wealth fund for an independent shop at a time when fundraising was becoming difficult. Robust early deal flow helped Growtheum Capital Partners to its USD 567m final close
Singapore's Jungle absorbs healthcare specialist HealthXCapital
Singapore’s Jungle Ventures has ramped up its healthcare investment capacity by combining with local sector specialist HealthXCapital (HXC).
Singapore metaverse player raises $13m seed round
Singapore-based ZTX, which claims to be Asia’s largest metaverse platform, has raised a USD 13m seed round led by US web3 investor Jump Crypto.
AGIC backs Singapore medical device manufacturer
Hong Kong-headquartered AGIC Capital, an Asia-Europe cross-border specialist, has led a growth equity round of undisclosed size for Singapore-based medical devices maker AP Technologies.
Legal action accuses investors of aiding and abetting FTX fraud
Temasek Holdings and SoftBank Group are named in a US class-action lawsuit that claims investors aided and abetted fraud at collapsed crypto exchange FTX.
Singapore commits $111.5m to fintech ecosystem
The Monetary Authority of Singapore (MAS) has committed to invest up to SGD 150m (USD 111.5m) over three years in the local VC and financial technology start-up ecosystem.
Singapore's Quadria secures $200m 'social' credit facility
Singapore-based healthcare specialist Quadria Capital has secured a revolving credit facility of up to USD 200m for investments deemed “social projects.”
Citi, MUFG back Singapore digital wealth platform Endowus
Citi Ventures and MUFG Innovation Partners have joined a USD 35m funding round for Endowus, a Singapore-based digital wealth platform that serves high net worth individuals and public pensions.
Carlyle backs Quest Global, Bain, Advent exit
The Carlyle Group has agreed to acquire a significant minority stake in Singapore-based engineering services company Quest Global, facilitating exits for Bain Capital and Advent International.
Singapore's Nium raises capital at $2b valuation
Singapore-based payments technology provider Nium claims to have doubled its valuation in the past 24 months to USD 2bn with new investors such as US-based Bond and Moore Capital joining the capital table.
Singapore's Mirxes raises $50m, files for Hong Kong IPO
Singapore-based biotech player Mirxes has raised USD 50m in Series D funding - at a post-money valuation of USD 600m - from the likes of Beijing-based Fupu Capital and Japan's Mitsui & Co, and filed to list in Hong Kong.
Olympus part-exits Singapore's Constant Energy via trade sale
Olympus Capital Asia has made a partial exit from Singapore-based renewables platform Constant Energy through a sale to Europe-headquartered Virya Energy.
DCP sells MFS Technology to Chinese strategic for $460m
DCP Capital Partners has agreed to sell MFS Technology, a manufacturer of customised printed circuit boards (PCB) that has a presence across Asia, to Shenzhen-listed Victory Giant Technology for USD 460m.
Singapore's GIC emphasises infrastructure, sustainability
Singapore’s GIC is leaning towards infrastructure and sustainability-related assets as part of efforts to ensure portfolio resilience in the face of continued disruption driven by inflation, chronic geopolitical risk, and rising interest rates.
Fund focus: Eurazeo’s climate thesis resonates with LPs
Eurazeo shattered the target for its second smart city fund thanks to an agenda that dovetails with LP interest in decarbonisation. Nine Asian LPs backed the fund and 35% of the corpus will be deployed in the region
Asia-based football investment platform backs England's Charlton Athletic
ACA Football Partners (ACAFP), an investment platform established by professionals from Singapore-based ACA Investments, is part of a consortium that has acquired English football club Charlton Athletic.