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, […]

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). […]

The Merah Putih Fund, an Indonesian government-backed venture capital firm, has successfully secured $300 million in the first phase of its inaugural fund. The initiative brings together five state-owned venture capital companies, each with a corporate focus.  The companies include Mandiri Capital Indonesia, MDI Ventures from Telkom Group, BRI Ventures, BNI Ventures, and Telkomsel Mitra […]

Indonesian digital bank Superbank, supported by Grab, Singtel, and Emtek Group, is collaborating with Singapore’s Genesis Alternative Ventures to offer a financing package of $40 million for startups in Indonesia.  Through a joint announcement, the entities unveiled their intention to combine conventional bank credit with venture capital investment, all while ensuring minimal equity dilution for […]

Government-supported accelerator program Startup Studio Indonesia (SSI) is now accepting applications for its seventh cohort. The program, backed by the Indonesian Ministry of Communication and Informatics, has witnessed its alumni raising a total of $65.8 million (RM305 million) in funding. SSI has opened the application process for its seventh batch, scheduled to commence in May […]

Ten industry-neutral firms (not fixated on one specific industry) have been selected to participate in the ScaleUp Growth Program Batch 3 by Endeavor Indonesia, the world’s premier community of high-impact entrepreneurs. The 36 companies having their primary offices in Indonesia and/or Singapore and at least $2 million in equity capital or $2 million in annual […]

Government-sponsored Startup Studio Indonesia (SSI), an initiative for early-stage entrepreneurs, formally began registration for the Batch 5 program. The intensive program, designed by Indonesia’s Ministry of Communications and Informatics (Kominfo), intends to help and progress early-stage digital entrepreneurs to achieve product-market fit. SSI has helped 65 startup alumni achieve promising results after graduating from the […]