Southeast Asia
Thailand’s InVent invests in Singaporean insurtech Igloo
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.
Openspace, Gaw back Singapore's SensorFlow
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.
Coronavirus & Southeast Asia VC: Unpleasant surprises
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
Northstar hits first close on fifth Southeast Asia fund
Northstar Group has reached a first close of approximately $260 million on its fifth Southeast Asia fund, which has an overall target of $800 million.
Singapore GP launches $500m Japan-Israel tech fund
Singapore private equity firm Chartered Group has teamed up with Israel’s Ministry of Defense to launch a Japan-Israel cross-border technology fund targeting $500 million.
ADV hires ex-KKR executive to head up Southeast Asia
ADV Partners, a mid-market pan-Asian private equity firm, has recruited Rahul Bhargava as a managing director to lead coverage of Southeast Asia.
Investcorp achieves $275m first close for Asia food fund
Investcorp has achieved a $275 million first close for an Asia food fund, a joint venture that also involves China Resources and Fung Strategic Holdings.
Malaysia's COPE launches COVID-19 support program
Malaysia’s COPE Private Equity has set up a MYR180 million ($41.5 million) investment program dedicated to supporting companies struggling with business stresses related to COVID-19.
Indonesia's KoinWorks raises $20m in debt
KoinWorks, an Indonesian financial technology start-up primarily known for P2P lending, has raised $20 million in debt by selling convertible notes to existing investors.
Tenaya Capital leads Series A round in Indonesia’s Kargo
Indonesian logistics platform Kargo Technologies has finalised a IDR504 billion ($31 million) Series A round led by Tenaya Capital, formerly the venture arm of Lehman Brothers.
1Q analysis: Impact winter
As the coronavirus outbreak escalated into a global pandemic, what was a problem for China investors quickly spread into other geographies. Fundraising, investment and exits inevitably took a hit
Profile: 500 Startups' Khailee Ng
Khailee Ng’s transition from start-up founder to VC investor has made him happier and healthier. He plans to continue pushing 500 Startups into uncharted territory within Southeast Asia
Singapore's Quest Ventures achieves first close for new fund
Quest Ventures, a Singapore-headquartered venture capital firm, has achieved the first close for a new fund. The target for the vehicle is $50 million.
Southeast Asia VC: Different strokes
Ahead of an expected increase in LP interest, Southeast Asian VCs vie to stand out from the crowd by fine-tuning strategies to capture the virtues of both generalists and specialists
Indonesia's Agaeti, Convergence merge to form AC Ventures
Indonesian venture capital investors Agaeti Ventures and Convergence Ventures have announced a merger to form a new firm, AC Ventures.
KKR joins $120m investment in Philippines’ Voyager
KKR is re-upping in Philippines-based financial technology company Voyager Innovations as part of a $120 million growth round.
Cross-border tech pollination: Mutually assured disruption
Southeast Asia and Latin America are trying to leverage complementary aspects of their start-up ecosystems, much like China and Africa before them. These endeavors are not as straightforward as they might seem
Deal focus: A digital protector for the cloud era
Inspired by the Korean word for tiger and how it symbolizes protection, cybersecurity start-up Horangi wants to ensure Southeast Asia’s growing pack of digital cubs are well-guarded
CVC closes fifth Asia fund at $4.5b
CVC Capital Partners has closed its fifth Asia fund at the hard cap of $4.5 billion. The firm said the step up from $3.5 billion for Fund IV reflects an expansion in its regional investment capabilities.
Openspace co-leads $17m round for Indonesia's TaniHub
TaniHub, an online marketplace for farm products in Indonesia, has raised more than $17 million in a funding round led by Openspace Ventures and Intudo Ventures.
TNB Aura launches COVID-19 special situations fund
Singapore VC firm TNB Aura has launched an open-ended special situations fund that will support early-stage start-ups under financial pressure related to COVID-19.
Square Peg joins Series B for Singapore's Doctor Anywhere
Australian VC firm Square Peg Capital has joined a $27 million Series B round for Singapore-based healthcare technology provider Doctor Anywhere.
Ashurst hires Danny Tan as Asia investment funds head
Ashurst has recruited Danny Tan from Allen & Gledhill to lead its investment funds practice in Asia Pacific. He will continue to be based in Singapore.
Vickers raises $200m for sixth VC fund
Singapore-based Vickers Venture Partners has confirmed a $200 million first close on its sixth global fund, which is targeting $500 million.