Singapore
Point Hope backs restructuring of Singapore's Emas Offshore
Singapore-based private equity firm Point Hope is set to back a $50 million financial restructuring of listed domestic energy industry services provider Emas Offshore.
Singapore AI start-up raises $5.9m Series A
Taiger, a Singaporean artificial intelligence start-up focused on business efficiency products, has closed an S$8 million ($5.9 million) Series A funding round led by domestic private equity firm Tembusu Partners.
Gobi reaches $50m first close on Southeast Asia fund
Gobi Partners, a Shanghai-based venture capital investor focused on China and Southeast Asia, has reached a first close of $50 million on its latest Southeast Asia fund.
IFC proposes $5m commitment to Wavemaker Southeast Asia fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $5 million to Wavemaker Partners’ Southeast Asia-focused venture capital fund.
Singapore’s Obike raises $45m Series B
Obike, a Singapore-based bike-sharing start-up, has secured a $45 million Series B round of funding.
Token sales: Cryptic beginnings
The sale of digitized contracts known as tokens has become a dominating force in early-stage start-up funding. Venture capitalists are beginning to cautiously participate as the phenomenon matures
WeWork to acquire Singapore's VC-backed Spacemob
US-based co-working space operator WeWork plans to acquire Singapore-based counterpart Spacemob for an undisclosed sum. The capital will come from a $500 million investment pool established to fuel WeWork's expansion in Southeast Asia and South Korea.
M17 Entertainment gets $40m Series A round
M17 Entertainment, a Taiwan and Singapore-based media streaming company, has raised a $40 million Series A funding round led by Japan’s Infinity Venture Partners.
Goldman, Tennenbaum acquire Singapore's Conergy
Goldman Sachs Asset Management and Tennenbaum Capital Partners have acquired Conergy Asia & ME, the Singapore-based Asia Pacific branch of global solar power developer Conergy.
Platinum to buy Singapore electronics industry supplier
US private equity firm Platinum Equity has agreed to acquire Fischer Tech, a Singapore-based components manufacturer for the electronics industry.
Singapore tech group launches $150m VC fund, incubator
Singapore-based industrial technology company ST Engineering has launched a $150 million venture capital unit and associated start-up incubator.
Sequoia, Mission back Singapore’s One Championship
One Championship, a Singapore-based mixed martial arts (MMA) organization, has secured a new funding round led by Sequoia Capital India and Mission Holdings – an investment vehicle owned by billionaire Saurabh Mittal.
Corporate VC offers unique benefits in Southeast Asia – AVCJ Forum
Corporate venture capital investment can fill an important niche in supporting Southeast Asia’s start-up ecosystem, industry participants told the AVCJ Singapore Forum.
Bank sell-downs drive Asia credit opportunities – AVCJ Forum
As banks look to reduce their exposure to Asian non-performing loans (NPLs), private lenders that can offer more flexibility on terms are seeing increased opportunities for investment, industry professionals told the AVCJ Singapore Forum.
Deal focus: Naked Hub scales up for WeWork challenge
Asian co-working space operators Naked Hub and JustCo have decided to join forces to fend off competition from WeWork, a US-based sector leader now encroaching on the regional market. As a joint expansion program rolls out, pricing control will be a key...
IoT in Asia: Things to come
A number of political factors have positioned Asia Pacific to be a global leader in internet-of-things development. Investors must now navigate an unwieldy field of technologies, markets and social drivers
Singapore's Spring Seeds to invest $73m in tech start-ups
Singapore-government backed Spring Seeds Capital has committed S$100 million ($73 million) to an investment program targeting domestic start-ups developing high-end technology.
Asian space debris start-up gets $25m Series C
Astroscale, a Singapore-based satellite technology company focused on removing hazardous debris from orbit, has raised a $25 million Series C round with participation from a number of Japanese venture firms.
Singapore's GLP accepts $11.5b Hopu, Hillhouse-backed buyout offer
Singapore-listed warehouse operator Global Logistic Properties (GLP) has accepted a buyout offer from a consortium including Hopu Investment and Hillhouse Capital that values the company at S$15.9 billion ($11.5 billion).
Financial institutions and fintech: Bouncing checks
Southeast Asia’s traditional banks have begun to take a strong interest in the financial technology environment, but their early-stage involvement in the ecosystem is still tentative
Singapore’s BeMyGuest raises $8.4m Series A round
Singapore’s Raffles Venture Partners has led a Series A funding round for domestic travel start-up BeMyGuest that brings the company’s total equity funding to S$11.5 million ($8.4 million).
PE in Southeast Asia: Buyout blues
Private equity interest in Southeast Asia has yet to translate into a significant number of buyout deals. The region's sturdy economic fundamentals may prolong the stagnation
Singapore university launches student venture fund
Singapore Management University (SMU) has partnered with Kairos ASEAN to launch a venture capital fund run by and for university students.
Quadria invests Singapore, Vietnam hospitals
Healthcare-focused private equity firm Quadria Capital has acquired stakes in Singapore medical center operator MWH Holdings and Vietnam’s FV Hospital.