Singapore-based Golden Gate Ventures has committed to invest MYR75 million ($18 million) in Malaysian technology start-ups and opened a new office in the country.
The capital will be supplied from the firm’s third Southeast Asia fund, which closed earlier this year at $100 million. About one-quarter of Fund II, which raised $60 million in 2016, has been deployed...
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.
ADV Partners has agreed to acquire heavy vehicles producer Dutch Lanka Trailer Manufacturers (DLT), a Sri Lanka-based subsidiary of Indian conglomerate Tata Group, for INR3.05 billion ($43.7 million).