Singapore
Singapore's Azalea raises second fund-of-funds
Temasek Holdings-owned Azalea Asset Management has raised USD 805m for a second fund-of-funds intended to broaden investor access to private equity.
Jafco closes latest Asia VC fund at $130m
Japanese venture capital firm Jafco has closed its latest Asia fund with USD 130m in commitments. It will focus on China, India, and Southeast Asia.
Gulf Capital opens Singapore office
Abu Dhabi-based Gulf Capital has opened a Singapore office and appointed Shantanu Mukerji as its first on-the-ground private equity managing director in Asia.
Singapore’s 1982 hits $12.5m first close on seed fund
Singapore’s 1982 Ventures has reached a $12.5 million first close on its debut seed fund, which will focus on financial technology in Southeast Asia. The target is $15 million.
Deal focus: LingoAce shakes up Chinese class
Singapore’s LingoAce is leveraging growing interest in learning the Chinese language with an entertainment-focused education platform. Sequoia Capital India is backing a global expansion
Circulate hits second close on climate tech fund
Circulate Capital, a Singapore-based GP dedicated to reducing plastics pollution, has reached a second close of $25 million on its second fund.
LP interview: Pictet
Switzerland-headquartered private bank Pictet is adding headcount in Asia – to assess investments as well as woo clients – as the introduction of new strategies increases exposure to the region
Chinese language learning platform raises $105m
Singapore’s LingoAce, a Chinese language learning app, has raised $105 million in Series C funding led by Sequoia Capital India. It comes within a year of a $55 million Series B.
CVC backs take-private of Hong Kong-listed Razer
CVC Capital Partners is supporting a proposed founder-led privatization of Hong Kong-listed gaming hardware and software provider Razer that values the business at HK$24.7 billion ($3.17 billion).
Portfolio: Dymon Asia and AMES
For all the hubbub about digital businesses taking flight during the pandemic, few categories saw as much upside as traditional medical waste disposal. Dymon Asia Private Equity is enjoying the ride
Singapore bio-plastics developer RWDC raises $95m
Singapore’s RWDC Industries, a developer of biodegradable plastics, has raised a $95.1 million round led by Temasek Holdings and Vickers Venture Partners.
Deal focus: Quiet confidence persists in hydrogen power
H3 Dynamics is bringing hydrogen-powered delivery drones to Asia’s crammed megacities as a steppingstone to a cleaner aviation sector. This is a sweet spot for Hong Kong’s Audacy Ventures
Singapore BNPL player Pace gets $40m Series A
Singapore’s Pace Enterprise, a one-year-old start-up in the fast-growing buy-now-pay-later (BNPL) financial services niche, has raised a $40 million Series A round from a pan-Asian mix of VC firms.
Singapore's Leo Capital targets $125m for third VC fund
Singapore-based early-stage venture capital firm Leo Capital has launched its third fund focused on India and Southeast Asia with a target of $125 million.
East backs Singapore food surplus marketplace
East Ventures and Amasia have jointly led an $11 million Series A round for Singapore’s TreeDots, a company that describes itself as Asia’s first food surplus marketplace.
Southeast Asia IPOs: Opportunity knocks
A breakthrough offering in Indonesia and regulatory progress in Singapore highlight Southeast Asia’s growing viability as a tech IPO market. It’s unclear how well this is being communicated globally
Singapore audience data business sold to trade buyer
US data and analytics services provider Dun & Bradstreet has agreed to acquire Singapore audience data business Eyeota, setting up exits for several private equity investors.
Singapore's Quest Ventures launches maritime tech fund
Singapore’s Quest Ventures and ShipsFocus, a specialized start-up services studio, have achieved a first close of S$10 million ($7.5 million) on a maritime technology fund.
Singapore crypto exchange AscendEX raises $50m
Singapore crypto platform AscendEX has raised a $50 million Series B led by US-based sector specialists Polychain Capital and Hack VC.
Wavemaker launches Southeast Asia climate tech fund
Singapore-based Wavemaker Partners has launched what it calls a first-of-its-kind tech venture builder for Southeast Asia, including a fund targeting $25 million.
Temasek platform to help Singapore businesses go global
Temasek Holdings is backing Singapore’s efforts to attract and develop high-growth businesses with the formation of an investment platform that will support local companies with regional and global expansion ambitions.
Primavera leads Series C for Southeast Asia's Love Bonito
Primavera Capital Group has led a $50 million Series C round for Love Bonito, which claims to be Southeast Asia’s largest omnichannel womenswear brand.
Deal focus: Biotech gets more cerebral
As opportunity appears to plateau in the most popular biotech segments, brain health could come to the fore. Neurology specialist Cerecin is tracking greater interest amid industry traction in the lab