Web 3.0
Hong Kong blockchain fund raises $100m
Hong Kong blockchain specialist CMCC Global has reached a first close on its latest financial technology and web3 fund, raising the full targeted amount of USD 100m.
Singapore metaverse player raises $13m seed round
Singapore-based ZTX, which claims to be Asia’s largest metaverse platform, has raised a USD 13m seed round led by US web3 investor Jump Crypto.
Singapore commits $111.5m to fintech ecosystem
The Monetary Authority of Singapore (MAS) has committed to invest up to SGD 150m (USD 111.5m) over three years in the local VC and financial technology start-up ecosystem.
Japan's 01Booster Capital closes debut fund
01Booster Capital, a Japanese accelerator and VC investor set up in 2012, has closed its debut fund at an undeclared size. It was launched in late 2021.
Deal focus: Hong Kong’s Gryfyn issues web3 passport
Gryfyn, the latest project from Hong Kong’s Animoca Brands, has attracted several VC investors, most of which are not existing backers of its parent. The mission is simple: expand the metaverse
Thailand's SCB 10X appoints Mukaya Panich as CEO
SCB 10X, the VC arm of Thailand’s Siam Commercial Bank, has appointed Mukaya Panich, its chief investment and venture officer, as CEO.
China's ClearVue targets $100m for blockchain fund
ClearVue Partners, a China-focused investor in consumer and technology, has reached a first close of USD 50m on a fund dedicated to digital assets related to decentralised finance (defi) services and bridging web2 and web3 operating models.
Crypto: Something for everyone?
Traditional VCs are becoming more active in Asia’s blockchain and web3 space, despite structural and philosophical obstacles to participation. Can they withstand the crypto winter?
Crypto exchange KuCoin raises $150m pre-Series B
Singapore-based crypto platform KuCoin has raised USD 150m in pre-Series B funding from an investor group featuring IDG Capital and Matrix Partners, claiming a valuation of USD 10bn.
Fund focus: ASEAN finds new inroads to global tech
SeaX Ventures is ramping up its “corporate venture capital-as-a-service” with a significantly upsized second fund and sharpened strategy around deep tech demand in Southeast Asia
Korea Web3 gaming platform gets $34m
Krust Universe, a start-up incubation and investment unit of Korean internet giant Kakao, has led a USD 34m round for local Web3 gaming platform Iskra.
Australia's Carthona hits $75m first close on VC fund
Australia-based VC firm Carthona Capital has reached a first close of AUD 100m (USD 75m) – against a target of AUD 200m – on its fourth fund, which will add Web3 to its existing focus areas.
Australia's AirTree collects $494m for fourth fund
AirTree Ventures has completed the largest-ever venture capital fundraise in Australia and New Zealand, gathering AUD 700m (USD 494m) across three vehicles.
Tiger Global leads Series B for India's Avataar
Tiger Global Management has led a USD 45m Series B round for India’s Avataar, a company that uses 3D augmented reality (AR) displays to help e-commerce customers browse large items online.