Singapore
NSI hits first close on Fund II, backs Singapore healthcare start-up
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
Singapore's VC-backed Ascenz sold to trade buyer
Singapore-headquartered Ascenz, a provider of performance solutions for ships, has been acquired by French engineering company Gaztransport & Technigaz (GTT), facilitating an exit for investors including Red Dot Ventures.
Ping An Capital invests $121m in Singapore's Fullerton Healthcare
Ping An Capital, an investment unit of China’s Ping An Insurance, has invested more than RMB800 million ($121 million) in Fullerton Healthcare Corporation, which provides healthcare services to more than 25,000 corporations in Asia.
Singapore IP fund commits $52m to cloud-based telecom player
The Makara Innovation Fund (MIF) – a Singapore government-backed vehicle that focuses on intellectual property-driven businesses – has made its first investment, backing Asia telecom player MyRepublic.
VC-backed DataRobot to invest $11m in Singapore AI
DataRobot, a US-based start-up backed by a number of VCs including Intel Capital, has committed about $11 million to an artificial intelligence (AI) program in Singapore.
Walden, East join $6.6m round for Tech in Asia
Walden International and East Ventures have joined a $6.6 million funding round led by Hanwha Investment & Securities for Tech in Asia, a Singapore-based digital media company focused on Asian start-ups.
Singapore to invest $20m in local fintech ecosystem
The Monetary Authority of Singapore (MAS) has set up a S$27 million ($20 million) grant to support the country’s financial technology development ecosystem.
Vertex co-leads $8m round for Singapore's Active.ai
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has co-led an $8.25 million Series A round for Singapore-based financial technology platform Active.ai.
VC-backed Razer raises $504m in Hong Kong IPO
Razer, a manufacturer of gaming peripherals with several venture capital backers, has raised HK$3.93 billion ($504 million) in its Hong Kong IPO.
SCPE to buy stake in Singapore-listed crane business
Standard Chartered Private Equity (SCPE) has offered to buy a stake of unspecified size in Tat Hong Holdings in a deal that values the Singapore-listed crane and heavy equipment supplier at approximately S$376 ($277 million).
Singtel Innov8, Harmony anchor Qubole's $25m Asian push
Singtel Innov8 and Harmony Partners have led a $25 million round of funding to support the Asia expansion of Qubole, a big data firm based in India and the US.
VCs join $25m round for Singapore's ShopBack
Singapore-based e-commerce aggregator ShopBack has raised a $25 million funding round from investors including East Ventures, SoftBank, and 33 Capital.
Sequoia leads Series B for Singapore's Smartkarma
Sequoia Capital India has led a Series B round for Smartkarma, bringing the Singapore-based financial technology company’s total funding to $21 million.
VC-backed MC Payment to list in Singapore via reverse merger
MC Payment, a Singapore-based financial technology player with several VC backers, will list on the Singapore Stock Exchange's Catalist board via a reverse takeover of domestic peer Artivision Technologies.
Singapore eases VC registration process
Singapore has dropped the requirement that venture capital managers must have at least five years of experience to qualify for local registration as part of wider reforms intended to attract more investors to the country.
Deal focus: GPs boost Prenetics' Asia genetics effort
Beyond Ventures and Alibaba Group have led a funding round that will support the Asia expansion of Hong Kong-based genetics healthcare start-up Prenetics
Delphi acquires Singapore-focused NuTonomy for $450m
US-based automotive technology developer Delphi Automotive has acquired Singapore-focused VC-backed driverless car start-up NuTonomy for $450 million.
Canada's OMERS to open Singapore office
Ontario Municipal Employees Retirement System (OMERS) will open an office in Singapore in January, adding to an Asia presence that already includes a base in Sydney.
Shaw Kwei acquires Singapore oil industry supplier for $50m
Shaw Kwei & Partners has agreed to acquire a 75.6% stake in Singapore-listed oil and gas industry equipment supplier Gaylin for S$68 million ($50 million).
GIP to buy Equis renewable energy portfolio for $5b
Global Infrastructure Partners (GIP) has agreed to acquire 100% of Equis Energy, a project platform of 180 assets under private equity investor Equis Funds Group, for $5 billion. It is said to be the world’s largest renewable energy generation acquisition...
Fund structuring: Change at the margins
While the Cayman Islands remains the go-to jurisdiction for PE firms seeking a domicile for Asia-focused funds, investor demand and regulatory remit mean structures are now more carefully considered
SE Asia's Sea hikes IPO price, raises $884m
Singapore-headquartered mobile internet and gaming platform Sea has raised $884 million in its US IPO after increasing the offer price and size.
Southeast Asia's Grab gets $700m in debt funding
Southeast Asian ride-hailing app operator Grab has secured debt facilities of up to $700 million from leading global and regional banks.
Asian GPs back $502m round for US-based Magic Leap
Singapore-based EDBI and Temasek Holdings have joined a $502 million Series D funding round for US virtual reality (VR) and augmented reality (AR) technology provider Magic Leap.