Southeast Asia
Apis doubles down on Asia rewards, incentives space
Apis Partners has backed India-based rewards and incentives start-up Xoxoday through a USD 30m joint investment with Giift, one of its portfolio companies.
Mubadala leads $500m round for Princeton Digital
Abu Dhabi’s Mubadala Investment has contributed USD 350m to a USD 500m equity round for Singapore-based data centre developer Princeton Digital Group (PDG).
Singapore crypto player Amber hits $3b valuation
Singapore-headquartered crypto financial service provider Amber Group has raised USD 200m in an extended Series B round led by Temasek Holdings, achieving a valuation of USD 3bn.
GP profile: Creador
Creador claims to be Southeast Asia’s only middle-market GP with on-the-ground capacities across the region. But in-house post-deal support and nimble deal sourcing are its key differentiators
AVCJ Awards 2021: Exit of the Year – Large Cap: Softex Indonesia
CVC Capital Partners helped Softex Indonesia grow its market share by penetrating modern retail channels and launching an ESG program. A USD 1.2bn trade sale exit to Kimberly-Clark was its reward
Deal focus: Tapping a soft spot for Asian VCs
Investment professionals in Asia know on a personal level exactly what education technology provider Cialfo is doing and why the service is a big help. Now they’re taking it to the next level
Navis poised for 6x return on TES-Envirocorp
Navis Capital Partners is set to generate a 6x return on its investment in Singapore-based TES-Enivrocorp, following an agreement to sell the environmental services provider to Korea’s SK Ecoplant at a valuation of USD 1bn.
Southeast Asia cosmetics brand Y.O.U raises $40m
Hidden Hill Capital - a private equity firm established by warehouse operator GLP - has led a USD 40m Series C round for Southeast Asian cosmetics brand Y.O.U.
Vision Fund leads $144m round for Singapore lending platform
SoftBank Vision Fund 2 has led a USD 144m equity round for Singapore small business lending platform Funding Societies.
Singapore's Sylvan buys four local healthcare companies
Sylvan Group, a Singaporean private equity firm set up by Hyundai scion Kyungsun Chung, has acquired majority stakes in four local healthcare companies for USD 140.5m. These represent its first investments.
SE Asia commerce finance platform Akulaku gets $100m
Akulaku, an Indonesia-based digital finance platform backed by the likes of Qiming Venture Partners and Sequoia Capital India, has received a USD 100m investment from Thailand’s Siam Commercial Bank (SCB).
Singapore's Next Gen Foods raises $100m Series A
Singapore-based Next Gen Foods, maker of vegetarian chicken brand Tindle, has raised a USD 100m Series A round featuring GGV Capital and Temasek Holdings’ Asia Sustainable Foods Platform.
LP interview: Adams Street Partners
Adams Street Partners believes having a close-knit Asia team, which cuts across geographies, sectors, and stages, informs a big-picture view that enables it to look beyond near-term dislocations
Deal focus: Indonesia's fintech plumber
Brick is developing backend digital infrastructure so that financial technology start-ups in Southeast Asia can provide seamless services. Priorities include deepening functionality and geographic expansion
Deal focus: Proterra's alternative take on incubation
Early-stage bets on oat milk and healthy beverages in Asia by Proterra Investment Partners reflect a willingness to back nascent brands, but in doing so, the firm believes it is dialling down the risk
AVCJ Awards 2021: Deal of the Year – Small Cap: Ajaib
Having spent more than a year perfecting its product, Ajaib turned Indonesia’s brokerage industry on its head in six months. Emphasis on product and customer engagement have paid dividends
Altara raises $130m for Southeast Asia VC fund
Altara Ventures, a Singapore-based firm set up in 2020 by Boon Hwee Koh, former chairman of Singapore Airlines, Singapore Telecom, and DBS Bank, has closed its debut fund at USD 130m.
Monk's Hill names new partner in Indonesia
Singapore-based Monk’s Hill Ventures has appointed Jakarta native Susli Lie as a partner responsible for building the firm’s Indonesia business.
Indonesia's AC Ventures hires Helen Wong as venture partner
Helen Wong, previously a China and Southeast Asia-focused partner at GGV Ventures and Qiming Venture Partners, has joined Indonesia’s AC Ventures as a senior advisor and venture partner.
Philippines digital bank Tonik raises $131m
Mizuho Bank has led a USD 131m Series B round for Philippines digital bank Tonik with support from Sequoia Capital India and Prosus Ventures.
Proterra establishes Asian oat milk brand
Proterra Investment Partners, a private equity firm that targets natural resources like food and agriculture, has launched an oat milk brand for the Asian market.
KKR leads $180m round for Singapore's Livspace
KKR has led a USD 180m round for Singapore-based omnichannel home interiors renovation platform Livspace at a valuation of at least USD 1bn.
Asia agglomeration: Strength in numbers?
PE-backed agglomeration platforms are looking to buy up consumer brands in Asia with a view to leveraging the might of the collective. The model requires discipline in selection and execution
Affirma buys Singapore preschool chain
Affirma Capital has acquired Singaporean premium preschool operator Little Paddington for an undisclosed sum.