Singapore
Singapore hotel platform RedDoorz gets $45m Series B
Singapore-based hotel management and booking platform RedDoorz has raised $45 million in a Series B round led by China’s Qiming Venture Partners.
Deal focus: Smartly plans pan-SE Asia robo advisory
Keir Veskivali defied the odds to introduce robo advisory services for retail investors to Singapore. Now he brought in VinaCapital to help take the business global
PE investors exit The Coffee Bean & Tea Leaf to Jollibee
Advent International, CDIB Capital and Mirae Asset Private Equity are set to exit US-based cafe chain The Coffee Bean & Tea Leaf after the Philippines’ Jollibee Foods agreed to pay $350 million for the company.
Asia legal tech: Order in court
Legal tech investment is quietly booming from a small base, with the under-digitalized nature of law firms presenting both an opening and an inhibitor. First-mover ecosystems are self-organizing quickly
Burda leads $40m Series B for Singapore's Hmlet
Germany’s Hubert Burda Media has led a $40 million Series B round for Singapore-based co-living operator Hmlet.
Deal focus: Igloohome puts smart home tech to work
Igloohome made its name providing smart locks for vacation rental properties listed on Airbnb and Booking.com. Breaking into the corporate security market is the next step
Deal focus: Greater Pacific to help Near monetize data points
Singapore's Near secures $100 million from Greater Pacific Capital with a view to expanding its suite of SaaS products that offer commercial insights by tracking consumer behavior
Hopu leads $100m Series D for Singapore’s Trax
Singaporean retail industry technology provider Trax has raised $100 million in Series D funding led by Hopu Investments.
Cocoon closes second SE Asia fund at $22m
Singapore-based venture capital firm Cocoon Capital has closed its second seed fund, targeting Southeast Asian enterprise technology start-ups, at S$30 million ($22 million).
Texas Teachers targets Asia growth with proposed Singapore office
Teacher Retirement System of Texas wants to use its planned Singapore base as a means of gaining direct access to private investments in the region – although the pension fund’s CIO said penetrating Asia would likely take longer than an earlier push...
Realism on exits essential in Southeast Asia – AVCJ Forum
Exits remain challenging in Southeast Asian private equity, but LPs see a growing willingness among the region’s GPs to take this difficulty into account when planning their investments.
Profile: Traveloka’s Hendrik Susanto
Hendrik Susanto left a career in private equity and venture capital to head Traveloka’s inorganic growth strategy. The new role harnesses investment expertise to build a longer-lasting company
VinaCapital acquires Singapore fintech player Smartly
Vietnam’s VinaCapital has acquired the operations of Singapore financial technology platform Smartly for an undisclosed sum.
Investors challenged by governance in SE Asia – AVCJ Forum
Implementing institutional-class governance practices at portfolio companies remains a significant hurdle for Southeast Asia-focused buyout firms, industry participants told the AVCJ Singapore Forum.
Singapore’s Near gets $100m from Greater Pacific Capital
Near, a Singapore-based artificial intelligence (AI) services provider that supports enterprise analytics, has raised $100 million from UK private equity firm Greater Pacific Capital.
Deal focus: TheAsianparent plans baby business boom
Singapore mother-and-child online services provider theAsianparent is planning an expansion by tracking the fastest birth rates around the region. Fosun is backing the agenda
Singapore smart city supplier Igloohome gets $15m
Igloohome, a Singapore-based smart city supplier for enterprises in real estate and infrastructure, has raised a $15 million round co-led by Wavemaker Partners, Insignia Ventures Partners, and Seeds Capital.
Fosun leads Series C for Singapore's theAsianparent
Fosun RZ Capital, the VC arm of Fosun, has led a Series C round of undisclosed size for Singapore-based theAsianparent, which claims to be Southeast Asia’s largest mother-and-child online platform.
Temasek trims investment pace as performance stutters
Annual divestments by Singapore’s Temasek Holdings exceeded investments for only the second time in a decade against a backdrop of challenging market conditions and weaker returns.
Southeast Asia exits: Greener pastures
Southeast Asia’s internal growth and rising appeal among global investors in recent years have fed expectations that PE and VC exits will follow. The logic is sturdy but detailed projections are elusive
TPG affiliate co-leads $25m round for Singapore's Taiger
TPG Capital affiliate PacificBridge Asset Management and MCM Investment Partners, a Hong Kong-headquartered merchant bank and asset manager, have led a $25 million Series B round for Singapore artificial intelligence (AI) start-up Taiger.
EQT makes $449m offer for Singapore hospital operator
EQT Partners has made a take-private offer for Singapore-listed hospital operator Health Management International (HMI) that values the company at S$611 million ($449 million).
GIC warns of potential downturn, cuts public equities exposure
Singapore’s GIC Private warned of “high-risk asset valuations that mask weak market fundamentals and growing economic uncertainties” having dialed down exposure to developed market public equities in favor of private equity, bonds and cash over...
Golden Equator to launch $200m SE Asia mezz fund
Singapore’s Golden Equator has punctuated a spate of fundraising activity with confirmation it will launch a $200 million mezzanine and private debt fund for growth-stage companies in Southeast Asia.