Southeast Asia
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
Asia’s LP landscape: North to south
Pools of institutional – and less institutional – capital in Asia are deepening, but it remains a multi-speed market with some investors just beginning their alternatives journey and others achieving maturity
Reed Smith hires Sidley Austin's Asia fund formation leader
Reed Smith has recruited Han Ming Ho, previously co-head of the Asia investment funds practice at Sidley Austin, as a partner in its global corporate group.
Polaris leads $27m round for Singapore's Engine Biosciences
US healthcare and life sciences growth investor Polaris Partners has led a USD 27m Series A round for Singapore-based cancer medicine developer Engine Biosciences.
Deal focus: Algae-based bio-plastics come to Asia
US-based Algenesis has figured out how to make plastic from algae. Singapore’s Circulate Capital is helping the company bring the technology to Asian manufacturers
Aramaco backs Singapore clean energy certificates player
Aramaco Ventures, a VC unit of Saudi oil giant Aramaco, has led a USD 10m Series A round for Singapore’s Redex, an early mover regionally in renewable energy certificates (RECs).
KKR commits $400m to Malaysia's OMS Group
KKR has agreed to invest USD 400m in Malaysian telecoms infrastructure and subsea cable services company OMS Group.
Mandiri, Investible launch climate tech fund
Mandiri Capital, the venture arm of Indonesia’s Bank Mandiri, and Australia-based VC firm Investible have launched a climate technology fund of unspecified size.
PE-backed J&T Express raises $499m in Hong Kong IPO
J&T Global Express, an express delivery business that launched in Indonesia and expanded region-wide, traded flat on debut following a HKD 3.9bn (USD 499m) Hong Kong IPO.
Korea Investment Partners raises $60m SE Asia fund
Korea Investment Partners (KIP) has raised USD 60m for a Southeast Asia venture fund from institutional investors in Korea, Hong Kong, and Singapore.
CVC buys majority stake in Philippines hospital business
CVC Capital Partners has acquired a 63.94% stake in Philippines-based hospital operator The Medical City (TMC) following the completion of a tender offer.
Flourish Ventures secures $350m in new funding
Flourish Ventures, a US-based emerging markets financial technology investor with a strong Asia focus, has secured USD 350m for future deployments from its sole LP, eBay founder Pierre Omidyar.
Lightspeed leads $50m round for Singapore's YouTrip
Lightspeed Venture Partners has led a USD 50m Series B investment in Singapore-based travel wallet and currency exchange app YouTrip.
Pantheon opens Singapore office
Pantheon has opened an office in Singapore, expanding an Asian footprint that already includes bases in Hong Kong, Seoul, and Tokyo.
Navegar leads Series C for Singapore's Inteluck
Philippines private equity firm Navegar has led a USD 34m Series C round for Singapore-based supply chain technology provider Inteluck with support from East Ventures.
Schroders, Thailand's KBank launch renminbi PE fund
Schroders Singapore and KBank Private Banking, a unit of Thailand’s Kasikornbank, have jointly launched a Thailand-based renminbi-denominated China private equity fund of undisclosed size.
Asia distress: Landslides on hold?
Investors are witnessing an uptick in turnaround opportunities based on delayed pandemic effects and a poor macro outlook. The trend remains anecdotal, but some markets could see a surge
Indonesia sustainable construction start-up raises $10m
Stilt Studios, a sustainable construction start-up founded by the former co-CEO of Lazada Indonesia, has secured USD 10m in Series A funding – comprising debt and equity tranches – which will be used to support expansion into Australia, Europe, and...
PayPal backs Quona, Sweef impact funds
PayPal has confirmed LP commitments of undisclosed size to funds managed by financial inclusion-focused Quona Capital and women-led businesses specialist Sweef Capital.
East targets $30m for Indonesia healthcare VC fund
East Ventures has launched a dedicated Indonesia healthcare innovation fund with a target of USD 30m.
Quadria hits $500m first close on third healthcare fund
Singapore-based healthcare specialist Quadria Capital has reached a first close of USD 500m on its third flagship fund. The target is USD 800m.
Q&A: BII’s Holger Rothenbusch
Holger Rothenbusch, head of infrastructure and climate at British International Investment, unpacks the opportunities and challenges of a significant new credit programme for developing Asia
Deal focus: Minnow finds favour in crowded Indonesia vertical
Indonesia’s Luna, a seed-stage contender in a competitive retail digitalisation landscape, continues to collect VC backers as a patient, diversified gameplan comes into focus
Deal focus: Entering the Snoop ecosystem
As the streetwear thesis matures, East Ventures is helping bring Singapore’s Novelship, a brand-agnostic, rap star-approved marketplace, to a larger, more diverse audience