Pacific Century Group’s insurance technology business, Bolttech, has extended a recent $180 million Series A round to $210 million in total.
Advance Intelligence Group, a Singapore start-up best known for digital identity verification and fraud prevention platform Advance.AI and buy now, pay later (BNPL) business Atome, has raised over $400 million in Series D funding.
Platinum Equity has agreed to sell PCI, a Singapore-headquartered electronics manufacturing services provider it acquired in 2019, to US-listed Celestica for $306 million in cash.
Singapore’s EDB Investments (EDBI) will establish a pre-IPO fund – with an initial commitment of S$500 million ($370 million) – that is intended to encourage high-growth companies to list in the city-state.
8F Asset Management, a Singapore-based GP dedicated to developing a sustainable salmon business, has hit a first close of $61 million on its second fund, which will build out Southeast Asian operations.
500 Startups has closed its largest-ever global fund at $140 million, while simultaneously rebranding as 500 Global and expanding its strategy to include later-stage deals.
Korea’s STIC Investments has led a $100 million round for Carousell, a Singapore-based mobile classifieds marketplace for secondhand goods, at a valuation of $1.1 billion.
Indonesian digital payments infrastructure provider Xendit has raised a $150 million Series C round led by Tiger Global Management at a valuation of around $1 billion.
Square Peg Capital has led a $55 million Series B round for Indonesian micro-savings and micro-investment app Pluang.
Singapore-based Jungle Ventures has reached a first close of $225 million for its fourth Southeast Asia fund after four months in the market. The target is $350 million.
Sirclo, an Indonesia-based e-commerce enabler that acquired mother-and-baby-focused online retailer Orami earlier this year, has received $36 million in funding led by East Ventures and Saratoga Investama Sedaya (SIS), a listed vehicle with ties to Saratoga...
SPAC deals and GP-led secondary transactions are bringing more liquidity options to Southeast Asia, a geography where private equity investors have often struggled to achieve exits, industry participants told the AVCJ Singapore Forum.
The Carlyle Group has exited what was its debut investment in Indonesia – after a nine-year holding period – with the sale of telecom towers operator Solusi Tunas Pratama (STP).
Baring Private Equity Asia has invested $150 million in Singapore-based game developer Virtuos, becoming the largest external shareholder.
Intudo Ventures has closed its third VC fund focused exclusively on Indonesia at $115 million after less than three months in the market.
Thailand-based insurance technology start-up Sunday has received $45 million in Series B funding from a group of investors including Tencent Holdings.
KKR has led a $45 million Series B funding round for KiotViet, a sales management software developer that serves Vietnam’s micro, small and medium-sized enterprise (MSME) community.
Malaysia-headquartered used car trading platform Carsome has achieved a valuation of $1.3 billion with the close of an extended Series D funding round worth $170 million.
Thailand’s Bank of Ayudhya has joined a $41 million Series B round for local cryptocurrency exchange operator Zipmex.
Doctor Anywhere’s omnichannel approach to digitizing Southeast Asian healthcare is luring investors with eyes on the pandemic’s most logical trend. Preserving a first-mover advantage is the challenge
EmergeVest has made a seed investment in Lucy, a Singapore-based neobank that focuses on home-based micro-entrepreneurs and Southeast Asia’s legions of foreign domestic workers
Baring Private Equity Asia is poised to add to its enterprise technology portfolio with the acquisition of Straive – a Philippines-based outsourcing business previously known as SPi Global – from Partners Group.
Mekong Capital has invested $10.2 million in Rever, a leading online-to-offline real estate brokerage business in Vietnam.
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