Singapore
Jungle closes Southeast Asia VC fund at $240m
Singapore-based Jungle Ventures has closed its third early-stage Southeast Asia VC fund at $240 million, more than doubling the previous vintage.
Singapore marketing tech player Mobikon raises $12.5m
Mobikon, a Singapore-based marketing technology provider for the restaurant industry, has received a $12.5 million Series B round led by Binny Bansal, co-founder of Indian e-commerce giant Flipkart.
PropertyGuru abandons Australia IPO
Private equity-backed Southeast Asian online real estate portal PropertyGuru has decided not to proceed with its A$380 million ($256 million) IPO in Australia, citing market uncertainty.
GGV backs Singapore dental 3D printing company
GGV Capital has joined a group of investors in a venture round of undisclosed size for Structo, a Singapore-based 3D printing company focused on the dental industry.
Singapore's Golden Equator strengthens VC team
Golden Equator Capital, which is currently deploying a Southeast Asia technology fund alongside Korea Investment Partners, has appointed Pooja Gurbani (pictured) as a partner in its venture investments team.
PropertyGuru seeks as much as $256m in Australia IPO
PropertyGuru, a Southeast Asia-focused online real estate portal that counts TPG Capital and KKR among its investors, is looking to raise up to A$380.2 million ($256 million) through an IPO in Australia.
Singapore's Mooncake Capital launches $100m crypto VC fund
Mooncake Capital, a Singapore-based venture capital firm focused on crypto technologies has launched an Asia-focused fund targeting $100 million.
Q&A: Vulcan Capital's Tommy Teo
Tommy Teo, a former executive director at Northstar Group, is setting up the Asian headquarters for Vulcan Capital, a philanthropic but returns-focused firm created by the late Microsoft co-founder Paul Allen
Singapore's Advance.AI gets $80m Series C
Advance.AI, a Singapore-based start-up focused on financial technology applications of big data, has raised an $80 million Series C round led by Gaorong Capital and Pavilion Capital.
Vertex closes Southeast Asia, India fund at $305m
Vertex Ventures, a VC arm of Singapore’s Temasek Holdings, has closed its fourth Southeast Asia and India fund at $305 million, beating an initial target of $230 million.
VCs invest $11m in Singapore talent agency
Gushcloud International, a digital talent agency based in Singapore, has received $11 million from a group of regional VCs and US hip-hop mogul Russel Simmons (pictured).
Singapore's Vertex closes debut growth fund at $290m
Vertex Venture Holdings, the VC arm of Singapore’s Temasek Holdings, has reached a final close on its first growth-stage fund with $290 million in commitments. The initial target was $250 million.
Temasek, Kuehne + Nagel launch early-stage logistics fund
Singapore’s Temasek Holdings has launched a $50 million fund focused on early-stage logistics technology start-ups alongside Switzerland supply chain industry giant Kuehne + Nagel.
PE-backed data center platform makes Asia investments
Princeton Digital Group, a Singapore-based data center developer backed by Warburg Pincus, has confirmed three project acquisitions across Asia as part of a $500 million regional expansion.
Singapore-based Play closes debut gaming fund at $40m
Play Ventures, a Singapore-based VC firm focused on gaming start-ups in Europe, Asia, and North America, has closed its debut fund at $40 million.
Vulcan Capital expands into Asia
Vulcan Capital, a US-based venture investor set up by Microsoft co-founder Paul Allen, has opened a Singapore office and earmarked $100 million for investment in Southeast Asia.
Sovereign investors and technology: Smart nations
Conservative sovereign wealth investors are increasingly comfortable making direct commitments to venture-oriented technology companies. The strategy appears to suit them but remains to be validated
Singapore's RedDoorz raises $70m
Singapore hotel management and booking platform RedDoorz has raised $70 million in Series C funding less than a month after closing a $45 million Series B.
Women entrepreneurs: Tales from the coalface
Women remain underrepresented in start-up ecosystems across Asia, but for those who have taken the plunge, there is potential to make a social impact that transcends their respective target markets
EDBI joins $89m round for US agtech player Inari
EDBI, the investment arm of Singapore’s Economic Development Board, has joined an $89 million Series C round for US agricultural technology developer Inari.
Singapore's Carro raises $30m for extended Series B
Singaporean auto marketplace operator Carro has raised $30 million from investors including SoftBank Ventures Asia as part of an extended Series B round.
TPG hires KKR's David Tan in Singapore
TPG Capital has engaged David Tan, a former director with KKR’s private equity team, as a managing director based in Singapore with responsibility for Southeast Asia.
MassMutual Ventures leads $33m round for Singapore's Aspire
The Southeast Asia arm of Massachusetts Mutual Life Insurance’s venture capital arm, has led a $32.5 million funding round for Singapore-based online banking platform Aspire.
Deal focus: Jollibee circles as Coffee Bean booms in Asia
The Philippines’ Jollibee Foods is set to buy US cafe chain The Coffee Bean & Tea Leaf to continue a massive Asian expansion effort. Exiting investor CDIB Capital attests to the opportunity set