Singapore
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).
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.
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.
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.
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
Jungle launches Southeast Asia, India seed programme
Singapore-based Jungle Ventures has launched a Southeast Asia-India seed programme, claiming a first-of-its-kind investment structure to limit dilution for founders.
Deal focus: Bolttech benefits from running start
Bolttech has pieced together one of the world’s largest digital insurance broking platforms through targeted acquisitions. Now, increased emphasis is attached to expansion from broking into underwriting
Taiwan streaming platform set for Singapore SPAC merger
17Live, a VC-backed Taiwan-based streaming platform that previously tried and failed to list in the US, is set to become the first company to list in Singapore through a merger with a special purpose acquisition company (SPAC).
Mars Growth Capital launches Asia tech fund
Singapore’s Mars Growth Capital, a tech investor set up in 2021 by Mitsubishi UFJ Financial Group (MUFG) and Liquidity Group, has launched its maiden Asia equity fund with an initial USD 500m.
Warburg Pincus backs Asia-US BPO player Everise
Warburg Pincus has agreed to invest an unspecified sum in Asia-US business process outsourcing (BPO) company Everise at a valuation of USD 1bn, facilitating an exit for Everstone Group.
Temasek's True Light Capital raises $3.3b China fund
True Light Capital, a Singapore-based asset manager established by Temasek Holdings, has raised USD 3.3bn for a fund that invests in companies that have a nexus to or a major business relationship with Greater China.
Singapore green hydrogen player gets $115m
Singapore-based InterContinental Energy, a company developing green hydrogen fuel projects in Australia and the Middle East, has raised USD 115m from GIC and specialist investor Hy24.
Novo Tellus hits $375m first close on third Indo-Pacific fund
Novo Tellus Capital Partners, an investor in industrial technology assets across the Indo-Pacific region, has reached a first close of approximately USD 375m on its third fund – matching the overall target for the vehicle.
Leapfrog invests $50m in Singapore's Bolttech
LeapFrog Investments has invested USD 50m in Singapore’s Bolttech, the insurance technology business of Pacific Century Group.
Family offices: A role for Hong Kong?
Hong Kong’s package of incentives for family offices is intended to redress a balance that has swung in favour of Singapore. Geopolitics is dampening its competitive advantages
KKR buys stake in Singtel's Asia data centre business
KKR has agreed to acquire a 20% stake in Singtel’s Asia data centre business for SGD 1.1bn (USD 800m) via its infrastructure strategy.