MYStartup, a national initiative backed by Malaysia’s Ministry of Science, Technology, and Innovation (MOSTI) and developed by Cradle Fund, has partnered with NEXEA, a venture capital and startup accelerator firm, to launch its third accelerator program. A total of 25 tech startups have been selected for this program from a pool of 60 applications representing […]

Rio Tinto, a prominent Australian mining company, has partnered strategically with Founders Factory, a renowned global venture studio and startup investor. This collaboration aims to support the development and commercialization of technologies in the mining sector, aligning with Rio Tinto’s mission to innovate and meet the world’s growing demand for essential materials. Under this partnership, […]

Accel, an Indian venture capital entity, has disclosed the selection of eight fledgling startups in India for its latest accelerator initiative, known as ‘Atoms’. Under this program, startups stand to receive funding up to $500,000 alongside access to benefits exceeding $5 million from Accel’s network affiliates.  Moreover, participants will benefit from tailored mentorship and the […]

Netherlands-based investment firm Orient Growth Ventures has successfully closed its second fund, Orient Growth Fund II, amassing $90 million in commitments. This fund is a major increase from its inaugural $25-million fund raised in 2020. The firm has shown an escalating focus on backing early-stage venture capital managers across Southeast Asia and India. With Orient […]

Antler, a global early-stage VC firm headquartered in Singapore, has announced its largest pre-seed investment round to date, committing $5.1 million to 37 startups across Southeast Asia. The portfolio encompasses a wide range of sectors, including AI, B2B SaaS, fintech, and healthcare, addressing various regional challenges. Antler’s recent commitment to backing Singaporean startups, including BorderDollar, […]

InnoVen Capital, the venture debt provider backed by Temasek’s Seviora and UOB, has announced the launch of its second China fund, InnoVen China Fund II, with an initial close of approximately US$130 million.  This USD-RMB dual-currency fund aims for a total size of US$250 million. The fund has already secured about half of its target, […]

Founders-led investment firm We Founder Circle (WFC) announced on Monday that it has become the largest angel investor network in the country by investing in 103 deals across 82 startups in 2023. This accomplishment adds to WFC’s track record, as the firm has now invested in 207 deals across 162 startups within three years of […]

The European Investment Bank (EIB) Global has committed to investing up to $40 million in the private equity fund Amicus Capital Partners Fund II, focusing on supporting small and medium-sized enterprises (SMEs) across various sectors in India.  Kris Peeters, Vice-President of the EIB, and Mahesh Parasuraman, Partner and Co-founder of Amicus Capital, officially announced the […]

In a strategic move to elevate its support for emerging entrepreneurs, South Korea’s Asan Nanum Foundation has introduced the groundbreaking “Asan Voyager” program. Founded in 2011 to commemorate the legacy of Hyundai founder Chung Ju-yung (Asan), the foundation has been a driving force in fostering innovation and entrepreneurship in South Korea. The Asan Voyager program […]

Japanese financial giant SBI Holdings is set to unveil a $663 million fund dedicated to supporting startups engaged in Web3, AI, and the Metaverse. The fund’s operations are scheduled to commence by the close of the current year, with investments reaching 150-200 companies within its portfolio. Each investment within the fund is anticipated to span […]