Singapore
Singapore's VC-backed MoneySmart gets $10m Series B
MoneySmart, a personal finance portal backed by Golden Gate Ventures, has received a $10 million Series B funding round led by Japanese shopping price comparison site operator Kakaku.
Qualgro leads $8m Series B for Singapore's Wavecell
Singapore-based cloud communications platform Wavecell has raised an $8.2 million Series B round led by Qualgro, a VC firm active in Southeast Asia and Australia.
Singapore Exchange to lower barriers for tech IPOs
The Singapore Exchange (SGX) has partnered with Infocomm Media Development Authority (IMDA), Singapore’s technology and media regulator, to help technology start-ups list in the territory.
Singtel Innov8 backs US, Singapore-based CounterTack
SingTel Innov8, the venture arm of Singapore telecom giant SingTel, has co-led a $20 million Series D round for US and Singapore-based cybersecurity company CoutnerTack alongside US-based SAP National Security Services.
Co-working spaces in Asia: Spaced out
Co-working spaces are proliferating in Asia as companies – from multinationals to start-ups – opt for more flexible real estate arrangements. The transition is real, but are the valuations justified?
Q&A: Armstrong Asset Management's Andrew Affleck
Andrew Affleck, managing partner of Singapore’s Armstrong Asset Management, explains the role private equity investors can play in developing renewable energy assets in Southeast Asia
Hewlett Packard Enterprise to launch Singapore incubator
Hewlett Packard Enterprise (HPE) will launch an incubator program in collaboration with Singapore’s Economic Development Board (EDB) as part of plans to invest $140 million in the city state over the next five years.
Singapore’s Garena rebrands as Sea, raises $550 million
Singapore-headquartered mobile internet and gaming platform Garena has rebranded as Sea and raised $550 million from a group of investors including existing backer Global Digital Prima (GDP) Venture of Indonesia.
Singapore's NRF to invest $107m in AI
Singapore’s National Research Foundation (NRF) has agreed to invest S$150 million ($107 million) over five years in a new multi-agency initiative aimed at fostering an artificial intelligence (AI) development ecosystem.
Fund focus: SeedPlus focuses on LP selectivity
Jungle Ventures' SeedPlus took its time accumulating $18 million from a set of LPs that can offer particular value-add to complement an operationally experienced investment team
Fund focus: Makara goes global in IP search
Makara Capital has a $716 million fund and a remit to invest in intellectual property-rich assets globally in order to bring greater industrial and technological value to Singapore
Singapore Life gets $50m Series A round
UK private equity investor IPGL has joined a $50 million Series A funding round for Singapore Life, a financial technology start-up targeting the insurance and savings services industry.
Singapore government launches $716m PE fund
The Singapore government and domestic GP Makara Capital have launched a S$1 billion ($716 million) private equity fund that will focus on intellectual property (IP)-driven companies.
KV Asia exits Singapore nursing home business
KV Asia Capital has exited its 100% interest in Singaporean nursing home services provider Orange Valley Healthcare to a local media company for about S$164 million ($117.5 million).
SeedPlus Singapore closes debut fund at $18m
SeedPlus Singapore, a Southeast Asia-focused seed fund run by Jungle Ventures, has closed its debut fund at S$25 million ($18 million).
DeClout launches incubator in Singapore
DeClout, a holding company focused on developing IT and cloud computing technology providers, has launched a start-up incubator via its venture capital arm in Singapore.
Jafco invests $12m in Singapore adtech firm AdAsia
Jafco Asia has invested $12 million in a Series A funding round for Singapore-based advertising technology company AdAsia Holdings.
Japan's IMJ Investment rebrands as Spiral
Japanese GP IMJ Investment Partners has spun out from its corporate parent and changed its name to Spiral Ventures.
Gateway invests in Singapore's Healthway Medical
Singapore-based private equity firm Gateway Partners has agreed to invest S$70 million ($50.2 million) in distressed local hospital operator Healthway Medical.
Singapore auto marketplace Carro gets $12m
A group of Southeast Asian VCs have committed $12 million to Singaporean automobile marketplace Carro as part of an operational expansion into artificial intelligence (AI)-enabled car financing services.
Northstar completes Innovalues acquisition, targets bolt-ons
Northstar Group has completed its S$331.4 million ($238 million) acquisition of Singapore-listed precision components manufacturer Innovalues, outlining plans for bolt-on acquisitions.
OCP Asia raises $200m direct lending fund
Hong Kong and Singapore-based hedge fund manager OCP Asia has raised a $200 million direct lending vehicle to make private equity-style credit investments in small and medium-sized enterprises (SME).
Germany's Hubert Burda seeks Series B deals in SE Asia
The investment arm of Hubert Burda Media, a European technology and media company that has made LP commitments to several Southeast Asia-focused venture capital funds, has opened an office in Singapore.
B Capital adds investment partner
B Capital Group has hired former Eight Roads Ventures managing director Kabir Narang as an investment partner in Singapore.
