Singapore
ADB backs Creador's Southeast Asia fund
Creador has raised $50 million for its fourth Southeast Asia and India-focused private equity fund from the Asian Development Bank (ADB).
Southeast Asia's Grab raises $150m from Yamaha
Japan’s Yamaha Motor has invested $150 million in Southeast Asia-based ride-hailing app Grab as part of a strategic partnership aimed at developing the company’s motorcycle hailing services in the region.
KKR's global impact fund makes debut investment in Asia
KKR has committed up to S$45 million ($32.8 million) to Barghest Building Performance (BBP), a Singapore-based provider of energy saving solutions for heating and cooling systems. It is the first investment from the firm's global impact strategy.
Singapore's Jungle increases target for Fund III
Singapore-based Jungle Ventures has raised the target for its third Southeast Asia-focused VC fund from $150 million to $200 million.
PE and SMEs: Southeastern bind
Difficulties connecting private equity investors with small to medium-sized enterprises in traditional industries remain a key barrier to growth in Southeast Asia. Novel approaches will be necessary
Eastspring expands China footprint with Shanghai office
Eastspring Investment, a Singapore-based asset manager backed by Prudential, has opened a new office in Shanghai as part of an ongoing China expansion strategy.
PE and aquaculture: Fishtech of the future
Rising consumer demand for high-quality products and the emergence of technologies that allow greater efficiency are driving investor interest in Asia’s previously overlooked aquaculture industry
Singapore's SolarHome gets $10m for Myanmar push
SolarHome, a Singaporean off-grid solar specialist, has received $10 million in debt funding for a Myanmar expansion from crowdfunding platforms Crowdcredit and Trine.
KKR invests $366m in Singapore's V3 Group
KKR has confirmed it will invest up to S$500 million ($366 million) in Singapore-based luxury lifestyle and wellness products company V3 Group at an enterprise valuation of about S$1.7 billion.
Cocoon launches $20m Southeast Asia VC fund
Singapore-based VC investor Cocoon Capital has launched its second early-stage fund with a target of $20 million.
Singapore medical tech player Ark raises $40m Series A
Ark, a new Singapore-based cancer detection technology company, has received a $40 million Series A round backed by Gaorong Capital and shareholders of medical-focused investor Venturecraft.
Singapore's InstaRem raises $20m
Singapore-based financial technology start-up InstaRem has raised $20 million in Series C funding led by Telkom Indonesia and Thailand’s Kasikornbank.
IDG, Matrix back $20m round for Singapore's KuCoin
IDG Capital, Matrix Partners, and Neo Global Capital have jointly invested $20 million in Singapore-based cryptocurrency services company KuCoin.
EDBI joins $50m round for US-based WalkMe
Singapore’s EDBI has joined a $50 million Series F round for US-based enterprise software provider WalkMe that will drive an Asia Pacific expansion.
Southeast Asia PE outlook: Debatable boom
PE and VC players remain focused on Southeast Asia’s long-term growth trajectory despite gathering macro storm clouds. Valuations remain a bone of contention
Operational value-add: Active duty
VCs are under pressure to improve operational capacity as competition heats up in Asia’s start-up ecosystems. Methodologies filtering over from the US are finding both disciples and skeptics
China's LightInTheBox to acquire VC-backed Ezbuy
Chinese online retailer LightInTheBox has agreed to acquire Southeast Asian e-commerce operator Ezbuy for $85.55 million through a share swap.
Operational value-add: Sweat equity
As Asian GPs trial a range of operational value-add strategies with an eye on shifting market dynamics, they are discovering that helping portfolio companies requires self-inspection
Japan's TEPCO invests in PE-backed Electrify
Electrify, a Singapore-based energy marketplace based on blockchain technology and backed by Japan’s Global Brain, has raised an investment of undisclosed size from TEPCO Frontier Partners, an incubator sponsored by Tokyo Electric Power (TEPCO).
MassMutual sets up $50m Southeast Asia VC fund
US-based Massachusetts Mutual Life Insurance Company (MassMutual) has established a $50 million Southeast Asia-focused VC fund via its in-house financial technology investment unit.
CLSA invests in Singapore e-commerce site
CLSA Capital Partners (CLSA CP) has invested an undisclosed sum in FortyTwo, a Singaporean e-commerce player focused on home furnishings.
INCJ leads $50m round for Singapore's Astroscale
Innovation Network Corporation of Japan (INCJ) has led a $50 million Series D round for Astroscale, a Singaporean space technology company focused on orbital debris removal.
KKR invests $144m in Southeast Asia's PropertyGuru
KKR has committed S$200 million ($144 million) in Series D funding to PropertyGuru, a Singapore-based online property portal that has several existing private equity investors.
Capillary raises funding to support China expansion
Capillary Technologies, a Singapore-headquartered artificial intelligence (AI) analytics provider with a substantial presence in India, has received funding from Warburg Pincus for a Chinese expansion.