Thailand-headquartered metaverse developer Translucia has acquired a majority stake in the local eSports arena Infofed, which is backed by Japanese seed-stage investor KK Fund, for $20 million in a joint venture deal, according to a source familiar with the development. The transaction marks KK Fund’s second exit in Thailand following Eventpop in 2021, KK Fund… Continue reading Thai metaverse developer Translucia picks majority in InfofedThe transaction marks KK Fund’s second exit in Thailand.
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Temasek unit 65 Equity Partners injects $106m in Cityneon
Temasek’s wholly-owned investment firm 65 Equity Partners has invested S$150 million ($106 million) in Singapore-based immersive entertainment firm Cityneon Holdings, per an announcement. Prior to this transaction, Cityneon raised a S$235 million round in April 2021, which valued the company at over S$1 billion. Cityneon’s existing investors include CITIC Capital, Pavilion Capital, EDBI, Qatar’s Doha Venture Capital… Continue reading Temasek unit 65 Equity Partners injects $106m in Cityneon
Australian VC Square Peg raises $550m for SE Asia, Australia, and Israel fund
Square Peg, Australia’s largest pensions-backed venture capital (VC) firm, announced that it has raised $550 million for its fifth fund, which will focus on tech founders in Australia, Southeast Asia, and Israel. The fund, which secured commitments from new and returning investors, brings Square Peg’s total funds raised to date to over $1.6 billion since… Continue reading Australian VC Square Peg raises $550m for SE Asia, Australia, and Israel fund
AM Batteries Raises $25M in Series A Financing
AM Batteries, a Boston, MA-based lithium-ion dry-electrode technology company, raised $25M in Series A funding. The round was led by Anzu Partners, with participation from TDK Ventures, Foothill Ventures, Toyota Ventures, Zeon Ventures, SAIC Capital, VinFast, Doral Energy-Tech Ventures, and Creative Ventures. The company intends to use the funds to expand its team and accelerate its… Continue reading AM Batteries Raises $25M in Series A Financing
General Motors (GM) reports a record $41.9 billion in Q3 2022 revenue and reaffirms earnings guidance
GM shared its Q3 2022 financial report today, which is highlighted by an EBIT-adjusted $4.3 billion bolstered by a quarterly revenue of $41.9 billion. As a result, the American automaker has reaffirmed its full-year earnings guidance as it continues to scale its Ultium platform and expand EV production throughout its marques. Everyone is aware of GM ($GM) by… Continue reading General Motors (GM) reports a record $41.9 billion in Q3 2022 revenue and reaffirms earnings guidance
Altair Capital picks significant minority in SG-based Beyond Medical GroupThe deal marks the eighth investment from Altair’s debut fund.
Altair Capital, the ASEAN affiliate of Japanese buyout firm Polaris Capital Group, has picked up a significant minority stake in Singapore-based multi-disciplinary private specialist healthcare group Beyond Medical Group. Financial details of the transaction were not disclosed. This is the eighth investment from Altair Capital’s inaugural $100-million fund. The firm typically writes cheques of up… Continue reading Altair Capital picks significant minority in SG-based Beyond Medical GroupThe deal marks the eighth investment from Altair’s debut fund.
IFC proposes $30m senior loan to Vivriti’s latest alt investment fund
World Bank Group member International Finance Corporation (IFC) has proposed to extend a senior loan of up to $30 million to Vivriti India Retail Assets Fund, the latest alternative investment fund of Vivriti Asset Management Private Limited (VAM), according to a disclosure. The fund, which will be established in the GIFT City, India’s International Finance… Continue reading IFC proposes $30m senior loan to Vivriti’s latest alt investment fund
Cleantechnica: Tesla Could Be “Recession-Resilient,” Says Elon Musk 002340
As many tech companies are finding ways to cut costs and downsize ahead of an expected recession, Tesla CEO Elon Musk seems confident that the automaker will be okay. While Tesla is unlikely to be completely immune from the economic downturn, Musk doesn’t expect Tesla’s production to slow down at all because of one key factor.… Continue reading Cleantechnica: Tesla Could Be “Recession-Resilient,” Says Elon Musk 002340
Cleantechnica: Europe Electric Car Sales — 16% of New Cars Fully Electric, 24% Have a Plug 002339
After over a year in the red, Europe was back in black in August, with a 3% growth rate. September confirmed the trend with a 9% increase in market sales, signaling that the worst of the production constraints might be over. Although, with an energy-derived recession knocking on the door, this uptick might not last… Continue reading Cleantechnica: Europe Electric Car Sales — 16% of New Cars Fully Electric, 24% Have a Plug 002339
Scientists Discover That Cats Simply Do Not Give a Crap
Yes, your cat knows you’re talking to it — it just doesn’t care. Meow Mix Every cat person has suspected that their cats are ignoring them — and now, new research seems to support that hunch. As a new study published in the journal Animal Cognition details, feline researchers have demonstrated that cats do appear… Continue reading Scientists Discover That Cats Simply Do Not Give a Crap