Virgio, a fashion startup headquartered in Bengaluru, has raised $37 million as part of its Series A round co-led by Prosus Ventures, Accel, and Alpha Wave Global, per a statement. According to media reports, the funding has pegged the post-money valuation of Virgio at $161 million. The corpus raised will be used by the company… Continue reading Indian fashion startup Virgio raises $37m Series A within a year of launch
Category: Tech News
Category Added in a WPeMatico Campaign
M&G commits $244m to two impact investment strategies of responsAbilityThe investment strategies aim to tackle food challenges in Asia and Latin Ameri…
London-based investment firm M&G has committed £200 million ($244 million) into two impact investment strategies of the Swiss investor responsAbility Investments. The investment strategies aim to tackle food challenges in Asia and Latin America, per a company statement on Friday. The deal follows M&G’s complete acquisition of the Zürich-headquartered impact asset manager earlier in May… Continue reading M&G commits $244m to two impact investment strategies of responsAbilityThe investment strategies aim to tackle food challenges in Asia and Latin Ameri…
Summit Video: Secondaries turn hot as investors seek more liquidity options
Southeast Asia has witnessed more direct secondary deal flows in both the PE and VC space, said Desmond Lee, Managing Director of TPG-backed Asia GP solution specialist NewQuest Capital Partners, at DealStreetAsia’s Asia PE-VC Summit 2022 in Singapore on September 27-28. At a panel titled ‘Is the time ripe for secondaries as IPOs and trade… Continue reading Summit Video: Secondaries turn hot as investors seek more liquidity options
Norway’s SWF drops Thai, Israeli firms on rights concerns
Norway’s sovereign wealth fund said on Thursday it would exclude from its portfolio two Thai companies and one Israeli firm that it said held “unacceptable risk” of human rights’ violations. The $1.3 trillion fund’s executive board decided to exclude Israeli security and analytics software provider Cognyte Software Ltd, Thai national energy company PTT and its… Continue reading Norway’s SWF drops Thai, Israeli firms on rights concerns
S Korea pension fund NPS opens up forex hedging limit to maximum 10%
South Korea’s mammoth National Pension Fund (NPS) will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero at present, the welfare ministry said on Friday. “If foreign exchange rates rise to unusually high levels again, it is necessary to temporarily reduce the size of the foreign exchange exposure until… Continue reading S Korea pension fund NPS opens up forex hedging limit to maximum 10%
Crypto trader Amber raises $300m to offset fallout from FTX collapse
Singapore-based crypto trading and lending platform Amber Group has completed a $300 million Series C funding round to protect clients affected due to the collapse of FTX’s collapse, it shared of Twitter on Friday. The funding round was led by Shanghai-based Fenbushi Capital US and joined by other blockchain-focused venture capital investors and family offices.… Continue reading Crypto trader Amber raises $300m to offset fallout from FTX collapse
‘Death Stranding’ will get a movie adaptation
It will feature new elements and characters. Kojima Productions is working with LA-based Hammerstone Studios to develop a movie adaptation of Death Stranding. The 2019 action game already provides quite a cinematic experience with lengthy cut scenes and dramatic expositions, which is probably part of the reason why they aren’t directly adapting its story into… Continue reading ‘Death Stranding’ will get a movie adaptation
Solar energy startup Sun King raises $70m in Series D extension led by LeapFrogSun King had raised $260m in the first tranche of its Series D in April…
Sun King, an Africa- and Asia-focused solar energy company, has extended its $260 million Series D funding round to $330 million after raising a fresh $70 million led by LeapFrog Investments. Sun King, founded in 2007 by Patrick Walsh and Anish Thakkar, provides D2C, pay-as-you-go (PAYG) solar distribution networks, enabling households and individuals to get… Continue reading Solar energy startup Sun King raises $70m in Series D extension led by LeapFrogSun King had raised $260m in the first tranche of its Series D in April…
Asia Digest: DEA raises $10m; OPEC commits $38m to Bangladesh
Global alternative investment group LDA Capital has invested $10 million in Singapore-based Digital Entertainment Asset (DEA) while the OPEC Fund for International Development has committed $38 million to Bangladesh. DEA secures $10m investment from LDA Digital Entertainment Asset (DEA), the operator of NFT gaming platform PlayMining, announced that it secured a $10-million investment from alternative… Continue reading Asia Digest: DEA raises $10m; OPEC commits $38m to Bangladesh
Mural Names David Baga as New CEO
David Baga, Mural CEO Mural, a San Francisco, CA-based collaborative intelligence company, announced David Baga as its new CEO, succeeding co-founder Mariano Battan. Battan will support Baga in his new role as executive chairman of the board. As executive chairman of the board, he will lead the operations of the board while supporting Baga with vision, guidance, and… Continue reading Mural Names David Baga as New CEO