Foodtech company Algenesis Corporation has raised $5 million in seed funding co-led by Circulate Capital, while Singapore-based Better Bite Ventures has announced three new investments. Algenesis raises $5m co-led by Circulate Capital US-based Algenesis Corporation, a plant-based material science company, announced on Thursday that it has raised $5 million in a seed round co-led by… Continue reading Deals Digest: Circulate Capital backs Algenesis; Better Bite Ventures makes three investmentsBetter Bite Ventures invested in Fattastic Technologies, …
Author: Deal Street Asia Online News
HK-listed Rusal buys 30% stake in Chinese alumina refinery operator Wenfeng
Hong Kong-listed aluminium major United Company Rusal is picking up a 30% stake in Chinese alumina refinery operator Hebei Wenfeng New Materials (HWNM) for a consideration of around 1.9 billion yuan ($266.9 million), according to an exchange filing. With Australia and Ukraine stopping alumina and bauxite exports to Russia after the latter’s invasion of Ukraine… Continue reading HK-listed Rusal buys 30% stake in Chinese alumina refinery operator Wenfeng
SEA Digest: EWA provider Paywatch enters PH; JP Morgan targets unicorns in SG
Earned wage access (EWA) startup Paywatch has entered the Philippines this month while JP Morgan is reportedly targetting unicorns as it considers expanding its commercial banking office in Singapore. EWA provider Paywatch expands in the Philippines Malaysian earned wage access (EWA) service provider Paywatch has officially entered the Philippine market this month with plans to… Continue reading SEA Digest: EWA provider Paywatch enters PH; JP Morgan targets unicorns in SG
Nomura reassesses mainland China plans as losses mount at securities JV
Nomura Holdings said on Thursday it is reassessing its mainland China business, as losses mount at its Shanghai-based securities joint venture in another blow to the top Japanese investment bank’s global expansion strategy. Nomura‘s majority-owned joint venture has struggled to grow since its launch in 2019, dragged down by the pandemic and a slowing economy. In… Continue reading Nomura reassesses mainland China plans as losses mount at securities JV
SEEDS Capital-backed Biorithm likely to raise up to $8.5m in new roundSingapore VC Adapative Capital Partners participated in the funding.
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Data Vantage: REDEX, Web3Auth, Biorithm and Silence Laboratories receive fresh capital
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Japanese mid-market PE firm NSSK raises $665m for third fundNSSK III, launched in 2021, has already made five investments.
Japanese buyout firm Nippon Sangyo Suishin Kiko (NSSK) announced that it secured 100 billion yen (about $665 million) in total commitments for its third investment vehicle NSSK III. The fund, which was launched in May 2021, managed to close above its target despite global uncertainties, NSSK said. It secured commitments from existing and new investors.… Continue reading Japanese mid-market PE firm NSSK raises $665m for third fundNSSK III, launched in 2021, has already made five investments.
Funding crunch, fragmented market to speed up PE consolidation in APAC
An increasingly tough fundraising environment, coupled with the need for diversification both in terms of investment strategies and geographies, has spurred consolidation in the private equity (PE) industry across the globe. Investors in Asia Pacific, which has already witnessed a number of such deals, expect many more to come due to the region’s fragmented market.… Continue reading Funding crunch, fragmented market to speed up PE consolidation in APAC
Singapore’s multicurrency wallet YouTrip to enter Malaysia, CEO says
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Self-driving startup Pony.ai secures $100m from Saudi’s Neom
NEOM, the smart and sustainable regional development in northwest Saudi Arabia, has injected $100 million into autonomous driving firm Pony.ai via its strategic investment arm NEOM Investment Fund (NIF). The capital injection comes after the firm clinched the first tranche of its Series D funding round in March 2022 at a valuation of $8.5 billion,… Continue reading Self-driving startup Pony.ai secures $100m from Saudi’s Neom