Electric aerospace company Beta Technologies said on Thursday it had raised more than $300 million in equity capital to support the continued production of its all-electric fixed-wing and eVTOL aircraft that can take off and land vertically. The investment was led by Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, and saw the participation of other investors including… Continue reading Qatar’s QIA leads $300m funding in electric planemaker Beta TechnologiesFidelity and TPG participated alongside Beta’s longtime customer United Therap…
Author: Deal Street Asia Online News
Singapore AI startup BuzzAR raises $1.16m and other SE Asia dealsIt will use the fresh funds to expand its presence in the MENA region.
BuzzAR, a Singapore-based mixed reality and AI company, has announced raising $1.16 million in funding from HSBC New Economy Fund, HSBC’s vehicle that focuses on tech-led businesses. Founded in 2018 by Bell Beh and Ken Lim, BuzzAR said it will use the fresh funds to expand its presence in the Middle East and North Africa… Continue reading Singapore AI startup BuzzAR raises $1.16m and other SE Asia dealsIt will use the fresh funds to expand its presence in the MENA region.
Saudi Arabia’s Hassana eyes investment in Brookfield Middle East fundThe fund will target buyouts, structured solutions and other investment opportuni…
Hassana, the investment arm of Saudi Arabia’s main pension fund, is looking into becoming an anchor investor in Brookfield‘s new $2 billion Middle East fund, it said in a statement on Thursday. That would see Hassana joining the kingdom’s sovereign wealth fund, the Public Investment Fund, which said on Wednesday it was backing the new fund, Brookfield Middle East Partners, which will target half its investments in Saudi Arabia. PIF’s undisclosed anchor investment was a non-binding agreement. Hassana could allocate up to… Continue reading Saudi Arabia’s Hassana eyes investment in Brookfield Middle East fundThe fund will target buyouts, structured solutions and other investment opportuni…
Vietnamese tech major VNG posts positive adjusted operating profit in 9M 2024It reported an adjusted operating profit of $16.7m, compared with a $4.8m…
Vietnamese tech major VNG announced financial results for the first nine months of 2024 (9M 2024), showcasing growth across its business segments. The company’s net revenue reached 6.9 trillion dong ($273 million) in 9M 2024. It reported an adjusted operating profit of 424 billion dong ($16.7 million) in the nine-month period, marking a turnaround from… Continue reading Vietnamese tech major VNG posts positive adjusted operating profit in 9M 2024It reported an adjusted operating profit of $16.7m, compared with a $4.8m…
India’s HDB Financial files for $1.5b IPOHDFC Bank, which holds a 94.6% stake in the lender, will sell shares worth up to $1.18 billion.
India’s HDB Financial Services, the non-banking lending unit of HDFC Bank, has filed for an initial public offering of up to 125 billion rupees ($1.49 billion), in line with its parent’s announcement earlier this month. HDFC Bank, which holds a 94.6% stake in the lender, will sell shares worth up to 100 billion rupees, while… Continue reading India’s HDB Financial files for $1.5b IPOHDFC Bank, which holds a 94.6% stake in the lender, will sell shares worth up to $1.18 billion.
GDS raises $1b from Coatue, Baupost Group to expand global data centre businessThe Series B investment comprises new US investors, led by US hedge fun…
GDS Holdings Limited, a China-based developer and operator of high-performance data centres in China and Southeast Asia, has raised $1 billion for its international affiliate from US investors who seek to capitalise on the infrastructure supporting a future of artificial intelligence (AI) and cloud. Its affiliate DigitalLand Holdings Limited, or GDS International, which acts as… Continue reading GDS raises $1b from Coatue, Baupost Group to expand global data centre businessThe Series B investment comprises new US investors, led by US hedge fun…
Malaysian PE Creador to invest $344m in PH over next 5 yearsCreador has previously backed PH firms such as Asialink Finance, DALI Stores, Angkas, CIBI…
Malaysia-based private equity firm Creador has announced plans to invest up to 20 billion pesos (about $344 million) in the Philippines over the next five years. In a statement, Creador Philippines country head and managing director Omar Mahmoud said the PE firm is actively seeking new investment opportunities in the country. It will look at… Continue reading Malaysian PE Creador to invest $344m in PH over next 5 yearsCreador has previously backed PH firms such as Asialink Finance, DALI Stores, Angkas, CIBI…
EQT buys PageUp, leads $31M Series C in AI infra platform Neara in AustraliaPartners Group, Square Peg Capital and others also invested in Neara.
Swedish alternative investment firm EQT announced on Thursday two deals in Australia—the acquisition of SaaS talent solutions provider PageUp, and participation as the lead investor in AI infra startup Neara’s $31 million Series C round. EQT acquired Australia-founded PageUp, a SaaS talent acquisition, recruitment marketing, and talent management solutions firm from its existing majority owners… Continue reading EQT buys PageUp, leads $31M Series C in AI infra platform Neara in AustraliaPartners Group, Square Peg Capital and others also invested in Neara.
Fresh issues on the rise amid India’s IPO boom, finds Blume Ventures reportThe share of fresh issues in IPO proceeds has risen from 13% in 2020 to 51%…
Go to Source
Greater China startup funding recovers in Q3 but caution aboundsDeal volume, which has been falling since mid-2023, dropping 5.9% in the quarter.
Funding for Greater China startups rose sharply in the third quarter of 2024, a sign that investment momentum is gradually picking up, but the overhang of geopolitical risks and China’s economic recovery is likely prompting investors to tread with caution. Go to Source