Hong Kong-based workspace operator Flexi Group is going public through a merger with the blank cheque company TG Venture Acquisition. Separately, Guangzhou-based semiconductor packaging firm 3DSEMI has notched almost $24 million. HK’s Flexi Group to go public through SPAC merger Hong Kong-based workspace operator the Flexi Group is going public through a merger with global… Continue reading China Digest: Flexi Group to merge with SPAC; 3DSEMI raises $24m
Author: Deal Street Asia Online News
Partech raises $127m for latest seed fund to invest in US, Europe & SE Asia
Global tech investment firm Partech Ventures has announced raising €120 million (about $127 million) for its fourth seed fund that will invest in Europe, the US, and Southeast Asia. The latest fund, Partech Entrepreneur IV, will invest at pre-seed and seed stages in about 50 startups as a lead investor or co-investor, with initial cheques… Continue reading Partech raises $127m for latest seed fund to invest in US, Europe & SE Asia
Asia Digest: VinFast’s Europe foray, STACK and ESR extend partnership to JapanVinFast has officially opened stores in Cologne, Germany and Paris, Fran…
Vietnamese carmaker VinFast has opened two stores in Europe marking its foray into the continent. In a separate development, US-based STACK Infrastructure has extended its partnership with asset manager ESR after announcing a joint venture to develop a data centre campus in Osaka. VinFast drives into Europe Vietnamese electric carmaker VinFast has officially opened its… Continue reading Asia Digest: VinFast’s Europe foray, STACK and ESR extend partnership to JapanVinFast has officially opened stores in Cologne, Germany and Paris, Fran…
Chinese snack maker Weilong Delicious seeks to raise up to $141m in Hong Kong IPO
Chinese spicy snack food maker Weilong Delicious Global is aiming to raise up to $141 million in a Hong Kong initial public offering launched on Monday, well below its initial target of about $1 billion. The company is selling 96.39 million shares in the range of HK$10.40-11.40 each, according to its listing documents. In that… Continue reading Chinese snack maker Weilong Delicious seeks to raise up to $141m in Hong Kong IPO
Indonesian carbon technology startup Fairatmos raises $4.5m in seed round funding
Indonesia-based carbon technology platform Fairatmos has raised $4.5 million in a seed round led by Go Ventures, the venture capital investment arm of Gojek; and Kreasi Terbarukan TBS, a unit of IDX-listed energy company Toba Bara Sejahtera. The round also saw participation from Vertex Ventures Southeast Asia and India and prominent angel investors, according to… Continue reading Indonesian carbon technology startup Fairatmos raises $4.5m in seed round funding
Ant Group leads Hong Kong-based Aigens’ $14m Series A funding round
Aigens, a food and beverage SaaS startup based in Hong Kong, has secured $14 million in a Series A funding round led by Jack Ma’s Ant Group, according to a company announcement on Monday. The other backers included Singapore’s venture capital and private equity firms Velocity Ventures, Phillip Private Equity, and Prizm Ventures. Aigens digitises… Continue reading Ant Group leads Hong Kong-based Aigens’ $14m Series A funding round
NZ Super Fund commits up to $70m to VC firm Movac’s new tech-focused vehicleMovac is targeting a $100m first close for its Growth 6 Fund.
NZ Super Fund, New Zealand’s sovereign wealth fund, announced that it will commit up to $70 million to the latest technology-focused fund of venture capital firm Movac. The commitment is for the Movac Growth 6 Fund, an investment vehicle that seeks to back fast-growing, established technology companies in New Zealand, the wealth fund said in… Continue reading NZ Super Fund commits up to $70m to VC firm Movac’s new tech-focused vehicleMovac is targeting a $100m first close for its Growth 6 Fund.
SE Asia VCs bolster leadership teams as portfolio demands growRegional VCs including AC Ventures, Jungle and Wavemaker have beefed up their leadership…
In Southeast Asia, venture capitalists have been dispensing sage advice to startup founders on how to build resilient teams and groom top leaders. Today, many of them find themselves executing the same in their own firms. Venture capital is a relatively new asset class in Southeast Asia. As such, most of the region’s VC players… Continue reading SE Asia VCs bolster leadership teams as portfolio demands growRegional VCs including AC Ventures, Jungle and Wavemaker have beefed up their leadership…
Early-stage startups keep Vietnam’s deal counter buzzing in 2022
Global venture capital funding has witnessed a marked slowdown this year, and Vietnam is no exception. Venture investors, however, still see abundant opportunities for long-term growth in the country’s tech space. The Southeast Asian economy is forecasted to grow by 4-5% annually over the next 10 years, with Vietnam leading the charge at a projected… Continue reading Early-stage startups keep Vietnam’s deal counter buzzing in 2022
Singapore’s AirCarbon Exchange looks to raise $50m in Series B funding
Singapore-based carbon trading exchange and clearing house AirCarbon Exchange is looking to raise $50 million in its upcoming Series B round that is expected to close in end-March or early-April next year, a top executive of the firm told DealStreetAsia. The round has already piqued the interest of 17 parties including banks, financial institutions, and… Continue reading Singapore’s AirCarbon Exchange looks to raise $50m in Series B funding