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.
Cake plans to deploy this sum within two years with a special interest in metaverse, non-fungible token (NFT), blockchain, and e-sports companies that bring synergistic value to its core business. The...
More on Southeast Asia
Latest News
Bertelsmann to invest $500m in India
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
Entrepreneur First raises $158m, targets SE Asia
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH exits New Zealand supplements brand to Nestle
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.
Panthera hits first close on India, Southeast Asia fund
India and Southeast Asia-focused Panthera Growth Partners has reached a first close on its second fund with commitments amounting to more than half the overall target of USD 250m.