World Innovation Lab (WiL), a US-Japan venture capital firm, has announced raising over $1 billion across several funds, it said in a statement. The over $1-billion corpus raised would be for the firm’s third growth fund WiL Ventures III; fund of funds, and corporate VC funds, WiL co-founder and CEO Gen Isayama said. Isayama said… Continue reading US-Japan VC World Innovation Lab raises $1b across several funds …
Author: Deal Street Asia Online News
Singtel raises stake in Thai subsidiary Intouch in $216m deal …
Singapore Telecommunications (Singtel) on Thursday proposed to raise its stake in Thailand-headquartered subsidiary Intouch Holdings from 21.21% to 24.99% by acquiring an additional 3.78% stake from Temasek’s wholly-owned subsidiary Anderton Investments. As part of the transaction, Singtel, via its wholly-owned subsidiary Singtel Global Investment, will pay S$330 million ($216 million) in cash for some 121.16… Continue reading Singtel raises stake in Thai subsidiary Intouch in $216m deal …
Musk expected to confirm desire to own Twitter in townhall meeting
Elon Musk is expected to reiterate his desire to own Twitter Inc when he speaks to the social-media company’s employees on Thursday, the Wall Street Journal reported, citing a person familiar with the matter. The head of electric car maker Tesla Inc is likely to clarify recent comments about remote work and talk about his strategy for Twitter, including the role of advertising and subscriptions, according… Continue reading Musk expected to confirm desire to own Twitter in townhall meeting
BHP fails to find buyer for Australian coal project, to run for 8 years and shut
Global miner BHP Group Ltd said on Thursday it had been unable to sell its New South Wales Energy Coal (NSWEC) thermal coal unit and would now run the operation for another eight years before shutting it down. BHP has been reviewing its options for NSWEC, which includes the Mt Arthur coal mine near Muswellbrook, for the last two years, but did not receive a viable… Continue reading BHP fails to find buyer for Australian coal project, to run for 8 years and shut
Norway wealth fund puts Malaysia’s Supermax Corp under the scanner
Norway‘s $1.2 trillion wealth fund put Malaysia’s Supermax Corp under observation for two years on Wednesday, citing unacceptable risk that the company contributes to serious violations of human rights. “The Executive Board has made the assessment that the company’s announced measures to improve living and working conditions for migrant workers leave uncertainty about future developments,” the fund said in a statement. The fund added it has also revoked… Continue reading Norway wealth fund puts Malaysia’s Supermax Corp under the scanner
Malaysia’s Petronas launches clean energy firm for carbon-free push
Malaysia’s Petronas on Thursday announced the establishment of a new clean energy solutions company, Gentari, as part of a global push by the state oil firm to produce carbon–free energy. Petronas, the world’s fourth-largest exporter of liquefied natural gas (LNG), in 2020 said it was stepping up investments in hydrogen and expanding its portfolio in renewable energy. Wholly-owned by Petronas, Gentari has been tasked with helping deliver renewable energy,… Continue reading Malaysia’s Petronas launches clean energy firm for carbon-free push
Japan-focused SPAC Pono Capital Two files for $100m US IPO …
Pono Capital Two, a special purpose acquisition company (SPAC) that focuses on the disruptive technology sector in Japan, has filed with the US Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering (IPO). The blank cheque company, led by CEO and director Darryl Nakamoto and chairman Dustin Shindo,… Continue reading Japan-focused SPAC Pono Capital Two files for $100m US IPO …
Data Vantage: Flip, Bazaar, GrabInvest and Marketnode rake in capital, and other updates
Indonesian consumer payment platform Flip announced the second close of its Series B round this week at $55 million. Lead investor Tencent Holdings contributed 430.8 billion rupiah to the round, according to the company’s latest filing with the Indonesian authorities seen by DealStreetAsia – DATA VANTAGE. That translates to $29.4 million if we use Bank Indonesia’s… Continue reading Data Vantage: Flip, Bazaar, GrabInvest and Marketnode rake in capital, and other updates
True Global Ventures hits first close of $146m follow-on Web 3.0 fund …
Singapore-based venture capital firm True Global Ventures has secured the first close of its $146 million follow-on fund focused on later-stage Web 3.0 startups. According to a statement by the firm, the True Global Ventures 4 Plus (TGV4 Plus) Follow On Fund received a general partner (GP) commitment of over $62 million — or over… Continue reading True Global Ventures hits first close of $146m follow-on Web 3.0 fund …
Lee Fixel files to raise $1.5b for latest Addition Four fund
Lee Fixel, a former partner at New York-based investment firm Tiger Global, is seeking to raise $1.5 billion for Addition Four, the latest venture capital vehicle of his investment firm, according to a regulatory filing. The filing with the US Securities and Exchange Commission (SEC) comes less than a year after Addition, which was founded… Continue reading Lee Fixel files to raise $1.5b for latest Addition Four fund