Hong Kong-based hedge fund firm Zeal Asset Management said on Tuesday it will cease operating next year and return over $1.6 billion in investor capital as its founders plan to retire. “After a successful yet tumultuous journey since 2009, the founding partners of the firm have decided to start planning for retirement from the asset management business,… Continue reading Hong Kong hedge fund Zeal Asset to shut next year, return investor moneyOffshore China-focused hedge funds have been struggling to raise funds since 2…
Author: Deal Street Asia Online News
Ampd Energy bags $27.3m in Series B round led by Kibo Invest, OpenspaceThe round was backed by MTR Lab, Taronga Ventures, and 2150.
Hong Kong- and Singapore-based energy storage systems maker Ampd Energy has raised $27.3 million in a Series B funding round led by private investment firm Kibo Invest and venture capital firm Openspace Ventures, per an announcement. The round was backed by existing investors MTR Lab, the investment arm of Hong Kong railway operator MTR Corporation; Asian real estate… Continue reading Ampd Energy bags $27.3m in Series B round led by Kibo Invest, OpenspaceThe round was backed by MTR Lab, Taronga Ventures, and 2150.
SG Digest: First university-dedicated VC fund launched; India’s HCL Technologies to launch AI labThe Nanyang Frontier Fund was launched on Monday by S…
Singapore’s Nanyang Technological University (NTU) and Walden International have launched a S$50-million fund to support deeptech startups, while India’s HCL Technologies is launching an artificial intelligence laboratory in the city state. NTU, Walden International launch $38m deeptech fund Singapore’s Nanyang Technological University (NTU) and venture capital firm Walden International have launched a S$50-million ($38 million)… Continue reading SG Digest: First university-dedicated VC fund launched; India’s HCL Technologies to launch AI labThe Nanyang Frontier Fund was launched on Monday by S…
SEA Digest: Indonesia’s Dash, Singapore’s Capital C and BuzzAR raise fundingDash was founded by GoTo and DHL alumni Aditya Brahmana and Robert Muliant…
Indonesia’s last-mile logistics startup Dash has secured undisclosed seed funding, while Singapore fintech firm Capital C and AI startup BuzzAR have also raised capital. Dash closes seed funding led by The Radical Fund Indonesia’s last-mile solutions startup Dash has secured undisclosed seed funding co-led by climate-focused The Radical Fund and Bali Investment Club. Other participants… Continue reading SEA Digest: Indonesia’s Dash, Singapore’s Capital C and BuzzAR raise fundingDash was founded by GoTo and DHL alumni Aditya Brahmana and Robert Muliant…
AI startup Physical Intelligence raises $400m from Bezos, OpenAI, others at $2b valuationVC firms Thrive Capital and Lux Capital also participated.
Physical Intelligence, a startup that is developing foundational software for robots, said on Monday it raised $400 million in early-stage funding from Amazon’s Jeff Bezos, OpenAI, venture capital firms Thrive Capital and Lux Capital. The new funds were raised at a $2 billion valuation, PitchBook data showed. Physical Intelligence is seeking to make a software that would work… Continue reading AI startup Physical Intelligence raises $400m from Bezos, OpenAI, others at $2b valuationVC firms Thrive Capital and Lux Capital also participated.
Crypto VC Dragonfly seeks to raise $650m for Fund IV, shows filingThe firm closed Fund II at $225 million in 2021 and Fund III at $650 million in 2022…
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CVC unit to acquire 49.9% stake in Singapore’s ECOThis transaction marks CVC DIF’s inaugural investment in Asia.
CVC DIF, the infrastructure arm of global private markets manager CVC, announced that it is acquiring a 49.9% stake in Singapore hazardous waste management firm ECO. According to the announcement, CVC DIF has agreed to acquire ECO, through DIF Infrastructure VII, from French industrial group Seche Environnement for an undisclosed amount. Seche will retain a… Continue reading CVC unit to acquire 49.9% stake in Singapore’s ECOThis transaction marks CVC DIF’s inaugural investment in Asia.
SGX-listed 17LIVE acquires 100% of outstanding shares of N CraftThe strategic move aims to enhance 17LIVE’s V-Liver business segment.
SGX-listed live-streaming platform 17LIVE Group Limited has announced the acquisition of 100% of the outstanding shares of N Craft Co., Ltd (N Craft). The strategic move aims to enhance 17LIVE’s V-Liver business segment by integrating production and talent development capabilities within the Group, according to the company’s statement on Monday. N Craft specializes in developing… Continue reading SGX-listed 17LIVE acquires 100% of outstanding shares of N CraftThe strategic move aims to enhance 17LIVE’s V-Liver business segment.
Dymon Asia PE invests in Singapore-based business services firm CLA Global TS The investment will see CLA acquire similar companies in SE Asia.
Dymon Asia Private Equity has made an investment in Singapore-based business services provider CLA Global TS to support the latter’s growth across Southeast Asia and China. The funding amount was not disclosed. CLA said in a statement that the investment by Dymon will help it acquire a series of professional service businesses in other Southeast… Continue reading Dymon Asia PE invests in Singapore-based business services firm CLA Global TS The investment will see CLA acquire similar companies in SE Asia.
China’s DeepRoute.ai bags $100m funding as smart driving adoption speeds upIt expects nearly 200,000 cars to be equipped with its advanced assisted dr…
Chinese autonomous driving technology developer DeepRoute.ai has raised $100 million from an automaker, the company said on Monday, as it looks to bolster mass adoption of its systems on vehicles ahead of Tesla in China. The Shenzhen-based startup expects nearly 200,000 cars to be equipped with its advanced assisted driving system on Chinese roads by… Continue reading China’s DeepRoute.ai bags $100m funding as smart driving adoption speeds upIt expects nearly 200,000 cars to be equipped with its advanced assisted dr…