Potentia Capital, a technology-focused private equity firm in Australia and New Zealand, has closed its second fund at A$635 million ($441 million) hard cap, including GP commitment, according to a statement. The fund, Potentia Capital Fund II, which exceeded its target size of A$500 million, brings Potentia’s total assets under management to over A$1 billion.… Continue reading Australia’s tech-focused PE firm Potentia Capital closes second fund at $441m …
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People Digest: Matthews Asia appoints new CEO; Citi names family office head
Regional asset manager Matthews Asia has appointed Cooper Abbott as CEO while Citi Private Bank has named Hannes Hofmann as the global head of the family office group. Matthews Asia appoints new CEO Regional asset manager Matthews Asia has appointed Cooper Abbott as the chief executive officer, according to an announcement. Cooper succeeds William Hackett,… Continue reading People Digest: Matthews Asia appoints new CEO; Citi names family office head
People Digest: Vertex Ventures SEA & India, Coinbase make senior appointments
Vertex Ventures Southeast Asia and India (VVSEAI) has announced the promotions of Pui Yan Leung and Kanika Mayar, to partners while crypto exchange Coinbase has appointed Arnab Kumar, a former executive at Prosus Ventures, as director of India market expansion. Vertex Ventures SEA & India announces promotions Vertex Ventures Southeast Asia and India (VVSEAI) has… Continue reading People Digest: Vertex Ventures SEA & India, Coinbase make senior appointments
Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding
The e-commerce market in Egypt is expected to grow 30% to $7.5 billion this year, spurred by a growing number of younger shoppers and rising incomes. Local merchants are essential in driving this growth, and solving their logistical and operational needs end-to-end is where new upstarts in Egypt notice the most opportunity. Khazenly, founded in… Continue reading Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding
Crypto hedge fund Three Arrows Capital seeks to cool liquidation rumours …
Cryptocurrency hedge fund Three Arrows Capital said on Wednesday it was committed to working things out, seemingly addressing social media chatter that it is facing liquidation issues. “We are in the process of communicating with relevant parties and fully committed to working this out,” Su Zhu, the co-founder said in a tweet, without going into further detail. The Singapore-based hedge fund was set up in 2012,… Continue reading Crypto hedge fund Three Arrows Capital seeks to cool liquidation rumours …
ISMAYA GROUP bags $18.1m from East Ventures, Falcon House
ISMAYA GROUP, a leading F&B lifestyle brand in Indonesia, announced on Wednesday that it has raised $18.1 million led by East Ventures (Growth Fund) with participation from existing investor Falcon House Partners. The funding comes as Indonesia’s hospitality industry limps back to normal after about two years of social restrictions taken to prevent COVID-19 infections,… Continue reading ISMAYA GROUP bags $18.1m from East Ventures, Falcon House
Plobal Apps raises $8.5m from Elevation, Bessemer and India deals worth $209m
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DJI releases two new gimbals and DJI Transmission
Mostly known for its drones, Chinese company DJI has been expanding its reach with offerings for filmmakers in recent years. Last year the company introduced its first new cinema camera, the Ronin 4D. Today, it is announcing and releasing two new gimbals and a DJI Transmission wireless system, all of which are borrowing a few… Continue reading DJI releases two new gimbals and DJI Transmission
US releases new driver-assist crash data, and surprise, it’s mostly Tesla
The federal government released two new reports highlighting — for the first time — crashes and fatalities involving autonomous vehicles (AV) and vehicles equipped with advanced driver-assist systems (ADAS). Tesla reported the most crashes involving driver-assist technology, while Alphabet’s Waymo disclosed the most incidents involving its autonomous vehicles. Car and tech companies insist these technologies… Continue reading US releases new driver-assist crash data, and surprise, it’s mostly Tesla
Return to the office or else? Why bosses’ ultimatums are missing the point
Tom Werner/ GETTY Elon Musk recently gave his employees an ultimatum: get back to the office – or get out. “Anyone who wishes to do remote work must be in the office for a minimum (and I mean minimum) of 40 hours per week or depart Tesla,” the company’s chief executive recently said in a… Continue reading Return to the office or else? Why bosses’ ultimatums are missing the point