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 […]

AIOX Apex Angel Fund (AIOX) has introduced a new venture fund with a dedicated focus on deeptech and web3. The new initiative includes a strategic partnership with the highly anticipated X-PITCH 2023, a global deeptech startup competition aimed at catalyzing the widespread adoption of cutting-edge technology across diverse industries. In pursuing innovation and technological advancement, […]

Singapore’s Jungle Ventures has announced the launch of First Cheque@Jungle, a new program aimed at investing in startups during their pre-seed and seed stages. First Cheque@Jungle is designed as a bespoke program targeting operators and innovators at the idea stage and those seeking support in their pre-seed and seed stages.  The First Cheque program plans to […]

CMCC Global, a prominent venture capital firm specializing in crypto and blockchain, has recently secured US$100 million for its newly inaugurated Titan Fund. With a primary focus on nurturing early-stage Web3, startups will play a key role, especially in those rooted in Asia and Hong Kong.  The inaugural funding round, which concluded successfully last Wednesday, […]

Singapore-based venture capital firm Vertex Ventures Southeast Asia and India (VVSEAI) has successfully concluded its fifth funding round, raising $541 million. The figure represents an 80% increase compared to the amount raised for its previous fund, VVSEAI Fund IV, in 2019. VVSEAI Fund V’s substantial corpus includes a dedicated co-investment envelope of $50 million, which […]

MUFG, also known as Mitsubishi UFJ Financial Group, and its subsidiary Mitsubishi UFJ Innovation Partners Co., Ltd. (MUIP) have jointly announced the establishment of the MUFG Innovation Partners No. 3 Investment Partnership, a fund with a capitalization of JPY 20 billion.  MUFG has been actively engaged in various initiatives to meet the financial needs of […]

Web3-focused accelerators have emerged to offer specialized programs and resources, aiding startups in navigating the unique hurdles of this domain. The accelerators aim to address the recent decline in funding for Web3 startups in the past year, leading to challenges for emerging projects during their early stages.  Among the venture accelerators committed to aiding entrepreneurs […]

Venture capital firm 500 Global has successfully closed its 500 Southeast Asia III fund, amassing $143 million in capital. It is the firm’s largest early-stage fund dedicated to Southeast Asia. It serves as its primary investment vehicle for startups throughout the region’s growth journey, from pre-seed stages to the cusp of initial public offerings (IPOs). […]

Gyeonggi-do Business and Science Accelerator (CEO Kang Sung-cheon) is holding an online event to match global venture capital firms with innovative startup companies in Pangyo. The event is called “Pangyo x Silicon Valley: Bridging Innovations” and will be held on Friday, September 8th at the Gyeonggi Creative Center for Economy and Innovation building. This event […]