AsiaTechDaily proudly presented its latest subscriber-exclusive online event, the Innovation Exchange Program, on 22nd April. This event proved to be a platform for insightful discussions and transformative ideas, bringing together a select audience of subscribers from around the world. Dr. Daniel Swan, AsiaTechDaily’s Investor of the Month, was at the center of attention, and he […]

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 […]

Health tech firm HiLabs has secured $39 million in Series B financing, the company announced on Thursday. The funding round was led by Denali Growth Partners and Eight Roads Ventures, with additional participation from F-Prime Capital. This investment follows the rapid adoption of HiLabs’ healthcare data management platform, MCheck, and will facilitate further development of […]

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 […]

India-based fintech firm FinAGG Technologies has secured $11 million in its Series A funding round to expand in the MSMEs’ fintech space. The investment was co-led by global impact investment manager BlueOrchard and Tata Capital Limited.  The Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partners also participated. In addition to […]

Bain Capital has successfully concluded the final closing of its fifth pan-Asia private equity fund, Bain Capital Asia Fund V, securing $7.1 billion in capital commitments. This achievement exceeds the initial target by 40%, signaling robust investor confidence despite the challenging global economic and geopolitical landscape impacting fundraising efforts across the industry.  The U.S.-based investment […]

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 […]

Malaysia’s eco-friendly energy solutions provider, Gentari Sdn Bhd (Gentari), has joined forces with automaker BMW Malaysia (BMW) in a partnership for green mobility services and solutions alongside the deployment of renewable energy. In an official statement released on Friday, Gentari revealed that the collaboration was established through its wholly-owned subsidiary, Gentari Green Mobility Sdn Bhd, […]

Singapore’s state-owned investment firm, Temasek Holdings, has announced that its venture capital arm, Vertex Venture Holdings, has successfully raised more than $900 million in the initial round of fundraising for its latest fund, Nikkei Asia reported.   The company, headquartered in Singapore, manages a total of six funds, including five early-stage funds that target investments in […]