Sequoia Capital India has led a $109 million Series B round for Kopi Kenangan, an app-driven grab-and-go coffee chain based in Indonesia.
Validus, a Singapore-headquartered financing platform for small to medium-sized enterprises (SMEs) in Southeast Asia, has raised $20 million in a Series B+ round co-led by Vertex Growth and Orion Fund.
Hummingbird Bioscience, a Singapore and US-based drug developer with two cancer treatments on course to enter clinical trials, has received $25 million in an extended Series B round of funding led by the holding company of Korea’s SK Group.
Well-capitalized though not immune to COVID-19 disruption, Indonesia and Philippines-focused online lender Oriente is waiting for the market to get back to normal
India and Southeast Asia-focused private equity firm Everstone Group has agreed to sell Singapore-headquartered human resources software provider Excelity Group to US peer Ceridian. The size of the deal has not been disclosed.
Indonesian mobile point-of-sale solution provider Cashlez - a portfolio company of Mandiri Venture Capital - traded up on debut following an IDR87.5 billion ($5.7 million) domestic IPO.
RWDC Industries, a Singapore-based start-up that is developing fully biodegradable alternatives to single-use plastics, has raised $133 million in Series B funding.
Indonesian B2B e-commerce platform GudangAda has raised $25.4 million in a Series A round led by Sequoia Capital India and Alpha JWC Ventures.
GeoPost, a logistics division of French postal services giant La Poste, has led a $279 million Series D round for Singapore last-mile delivery start-up Ninja Van.
Specialist venture capital firm Circulate Capital is targeting overlooked start-ups with a view to stemming a global environmental crisis that puts Asia at center stage
With other pools of capital running dry for many companies, private debt has become a more appealing proposition. Institutional funds have a chance to impose themselves on a bank-driven market
Manila-based GP Navegar has joined a $20 million Series B round for Cloudstaff, an Australian staff outsourcing services player with core operations in the Philippines.
Indonesia’s Go-Jek has completed its acquisition of Moka, a local financial technology provider with several VC backers, in a deal estimated to be worth $130 million.
Archipelago Capital Partners is seeking $250 million for its second Southeast Asia fund and has received a proposed $25 million LP commitment from the International Finance Corporation (IFC).
Italian lender Compass Banca has abandoned its purchase of a 19.9% stake in Indonesia’s BFI Finance from TPG Capital and Northstar Group, citing economic disruption created by the coronavirus outbreak.
Circulate Capital, a Singapore investor dedicated to ocean pollution management, has made its first investments in two plastic recycling start-ups in India and Indonesia.
Qoala, an insurance technology start-up in Indonesia, has raised $13.5 million in a Series A round led by Centauri Fund, a vehicle jointly run by KB Investment and MDI Ventures.
With hotel occupancy falling - and demand for its energy management solution taking a hit - SensorFlow moved quickly to make the revenue model sustainable. The company is now targeting vertical and geographic expansion
Navis Capital Partners has taken a boutique private hospital to a new level of competence and professionalism just in time for the biggest healthcare emergency in living memory
Kargo Technologies, Indonesia's only pure online marketplace for the trucking industry, has responded to the coronavirus outbreak by focusing on the transportation of consumer staples
OnPoint, a Vietnam-based start-up that provides corporate clients with e-commerce support services, has raised an $8 million Series A round backed by Korea’s Kiwoom Investment.
InVent, a corporate venture capital firm affiliated with a Thai telecom operator, has led a $16 million funding round for Singaporean insurtech Igloo, formerly known as Axinan.
Gaw Capital, a Hong Kong-based private equity firm with a real estate focus, and Openspace Ventures have co-led an $8.3 million funding round for SensorFlow, a Singaporean energy management solution provider.
Start-ups in Southeast Asia have few capital sources, so it helps that the region’s VCs are well-funded – assuming they are ready to invest